The Latin America, Middle East and Africa Automatic Tire Inflation System Market is expected to witness market growth of 18.0% CAGR during the forecast period (2022-2028).
The rise in demand for the automatic tire inflation system in the Market can be connected to rising concerns about tire safety. Its other benefits such as increased safety while driving have boosted ATIS system acceptance rates. Additional advantages include enhanced passenger comfort and fuel efficiency. Furthermore, government rules and safety procedures governing tire pressure on automobiles have fueled the demand among afterMarket providers. Due to the advances in technology, the global automotive sector is quickly expanding. The Market is also being driven by R&D-based efforts in the automatic tire inflation system Market.
Tires are the second-largest investment in heavy-duty trucks and commercial vehicles, thus maintaining them are crucial for fleet owners to optimize vehicular operations. It has been discovered that a tire loses some of its air pressure after a week on the road, and deflated tires are a primary cause of commercial truck and trailer accidents when transporting goods.
When it comes to tires, the African continent is one of the most rapidly expanding Market s in the world. The fast rise of the middle-income groups in many African countries has increased demand for automobiles, resulting in a booming Market for all types of tires, including passenger cars, off-road, industrial, agricultural, truck, bus, and trailer tires. This has led to a demand for ATIS in these automobiles to make them reliable and more fuel-efficient. The increased demand for tires in Africa has sparked fierce competition among tire producers from across the world who are vying for a large portion of the new and emerging African Market s.
The Market for automobiles in Latin American countries, such as Brazil and Argentina is also booming due to the growing economy of these countries. Since the highway connectivity in these regions is not as good as in developed economies, the implementation of ATIS for safety purposes becomes all the more important.
The Brazil Market dominated the LAMEA Automatic Tire Inflation System Market by Country in 2021, and is expected to continue to be a dominant Market till 2028; thereby, achieving a Market value of $3.0 million by 2028. The Argentina Market is experiencing a CAGR of 18.6% during (2022-2028). Additionally, The UAE Market is expected to display a CAGR of 17.6% during (2022-2028).
Based on Sales Channel, the Market is segmented into OEM, and AfterMarket. Based on Vehicle Type, the Market is segmented into On-Highway Vehicle (Light Duty Vehicle, and Heavy-Duty Vehicle), Off-Highway Vehicle (Construction Vehicle, and Agriculture tractors), and Electric Vehicles (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle). Based on Type, the Market is segmented into Central Tire Inflation System, and Continuous Tire Inflation System. Based on Component, the Market is segmented into ECU System, Compressor, Pressure Sensor, Rotary Union, Air Delivery System, Housing, and Others. Based on countries, the Market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Market research report covers the analysis of key stakeholders of the Market. Key companies profiled in the report include The Goodyear Tire & Rubber Company, Meritor, Inc., SAF-Holland SE, Michelin, Dana Incorporated, EnPro Industries, Inc., IDEX Corporation, Hendrickson USA, LLC (The Boler Company), Haltec Corporation, and ti.systems GmbH.
By Sales Channel
By Country
The rise in demand for the automatic tire inflation system in the Market can be connected to rising concerns about tire safety. Its other benefits such as increased safety while driving have boosted ATIS system acceptance rates. Additional advantages include enhanced passenger comfort and fuel efficiency. Furthermore, government rules and safety procedures governing tire pressure on automobiles have fueled the demand among afterMarket providers. Due to the advances in technology, the global automotive sector is quickly expanding. The Market is also being driven by R&D-based efforts in the automatic tire inflation system Market.
Tires are the second-largest investment in heavy-duty trucks and commercial vehicles, thus maintaining them are crucial for fleet owners to optimize vehicular operations. It has been discovered that a tire loses some of its air pressure after a week on the road, and deflated tires are a primary cause of commercial truck and trailer accidents when transporting goods.
When it comes to tires, the African continent is one of the most rapidly expanding Market s in the world. The fast rise of the middle-income groups in many African countries has increased demand for automobiles, resulting in a booming Market for all types of tires, including passenger cars, off-road, industrial, agricultural, truck, bus, and trailer tires. This has led to a demand for ATIS in these automobiles to make them reliable and more fuel-efficient. The increased demand for tires in Africa has sparked fierce competition among tire producers from across the world who are vying for a large portion of the new and emerging African Market s.
The Market for automobiles in Latin American countries, such as Brazil and Argentina is also booming due to the growing economy of these countries. Since the highway connectivity in these regions is not as good as in developed economies, the implementation of ATIS for safety purposes becomes all the more important.
The Brazil Market dominated the LAMEA Automatic Tire Inflation System Market by Country in 2021, and is expected to continue to be a dominant Market till 2028; thereby, achieving a Market value of $3.0 million by 2028. The Argentina Market is experiencing a CAGR of 18.6% during (2022-2028). Additionally, The UAE Market is expected to display a CAGR of 17.6% during (2022-2028).
Based on Sales Channel, the Market is segmented into OEM, and AfterMarket. Based on Vehicle Type, the Market is segmented into On-Highway Vehicle (Light Duty Vehicle, and Heavy-Duty Vehicle), Off-Highway Vehicle (Construction Vehicle, and Agriculture tractors), and Electric Vehicles (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle). Based on Type, the Market is segmented into Central Tire Inflation System, and Continuous Tire Inflation System. Based on Component, the Market is segmented into ECU System, Compressor, Pressure Sensor, Rotary Union, Air Delivery System, Housing, and Others. Based on countries, the Market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Market research report covers the analysis of key stakeholders of the Market. Key companies profiled in the report include The Goodyear Tire & Rubber Company, Meritor, Inc., SAF-Holland SE, Michelin, Dana Incorporated, EnPro Industries, Inc., IDEX Corporation, Hendrickson USA, LLC (The Boler Company), Haltec Corporation, and ti.systems GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Sales Channel
- OEM
- AfterMarket
- On-Highway Vehicle
- Light Duty Vehicle
- Heavy Duty Vehicle
- Off-Highway Vehicle
- Construction Vehicle
- Agriculture tractors
- Electric Vehicles
- Battery Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Central Tire Inflation System
- Continuous Tire Inflation System
- ECU System
- Compressor
- Pressure Sensor
- Rotary Union
- Air Delivery System
- Housing
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- The Goodyear Tire & Rubber Company
- Meritor, Inc.
- SAF-Holland SE
- Michelin
- Dana Incorporated
- EnPro Industries, Inc.
- IDEX Corporation
- Hendrickson USA, LLC (The Boler Company)
- Haltec Corporation
- ti.systems GmbH
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. LAMEA Automatic Tire Inflation System Market by Sales Channel
Chapter 5. LAMEA Automatic Tire Inflation System Market by Vehicle Type
Chapter 6. LAMEA Automatic Tire Inflation System Market by Type
Chapter 7. LAMEA Automatic Tire Inflation System Market by Component
Chapter 8. LAMEA Automatic Tire Inflation System Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- The Goodyear Tire & Rubber Company
- Meritor, Inc.
- SAF-Holland SE
- Michelin
- Dana Incorporated
- EnPro Industries, Inc.
- IDEX Corporation
- Hendrickson USA, LLC (The Boler Company)
- Haltec Corporation
- ti.systems GmbH
Methodology
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