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Automatic Tire Inflation System (ATIS) Market Share

Report ID: GMI7270
Published Date: Nov 2023
Report Format: PDF

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Automatic Tire Inflation System Market Share

Major players operating in the automatic tire inflation system industry are:

The Goodyear Tire & Rubber Company
Hendrickson USA, L.L.C.
Aperia Technologies inc.
Dana Limited
PARKER HANNIFIN CORP
Meritor, Inc.
Michelin

Companies such as The Goodyear Tire & Rubber Company and Meritor, Inc. has a market share of about 22% business share in the market. These companies invest significantly in research and development, creating technologically advanced systems that cater to diverse vehicle types. Collaborations with vehicle manufacturers, strategic partnerships, and continuous product enhancements drive their market presence.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The automatic tire inflation system market was valued at USD 0.85 billion in 2022 and is anticipated to register a CAGR of over 10% between 2023 and 2032, backed by the increasing demand for heavy-duty vehicles.

The commercial vehicle segment held around 90% market share in 2022 and is poised for growth through 2032, as ATIS benefits commercial fleets by maintaining consistent tire pressure, improving fuel efficiency, and reducing tire wear, thus improving operational efficiency and reducing maintenance cost.

North America ATIS market was worth USD 0.27 billion in 2022 and is poised for significant growth in the coming years due to the increasing adoption of ATIS in the regional commercial and military vehicle sectors for fuel efficiency, reduced maintenance costs, and safety in commercial fleet.

The Goodyear Tire & Rubber Company, Hendrickson USA, L.L.C., Aperia Technologies inc., Dana Limited, PARKER HANNIFIN CORP, Meritor, Inc., and Michelin.