AMA Research, a global market research and consulting organization, have released a new study titled "Automatic Tire Inflation System market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Automatic Tire Inflation System market to grow at a CAGR of 7.78%.
The Component , such as Rotary Union, is boosting the Automatic Tire Inflation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Electric Vehicle, such as Battery Electric Vehicle (BEV), is boosting the Automatic Tire Inflation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The On-Highway Vehicle, such as Passenger Cars (PC), is boosting the Automatic Tire Inflation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Off-Highway Vehicle, such as Agriculture Vehicle, is boosting the Automatic Tire Inflation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Automatic Tire Inflation System market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Maintains Tire Pressure While Increasing Tire Life and Reduces the Tire Wear and Rising Concern Regarding Vehicle Safety and Efficiency. ??
Automatic tire inflation system refers to the system which provides control over the air pressure in each tire of a vehicle according to the road surface, vehicle load, vehicle type, type and size of the tire. The increasing number of accidents driving the demand for the improved automatic tire inflation system as it reduces the tire wear and increases the tire life. Further, increasing government initiatives for road safety and automation in the automotive industry expected to drive the demand for automatic tire inflation system over the forecasted period.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automatic Tire Inflation System market by Type (Central Tire Inflation System and Continuous Tire Inflation System) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market