Global Automotive Automatic Tire Inflation System (ATIS) Market to Reach $1.6 Billion by 2026

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Sep 01, 2021, 10:25 ET

SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Automatic Tire Inflation System (ATIS) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Automotive Automatic Tire Inflation System (ATIS) Market

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 378
Companies: 42 - Players covered include Aperia Technologies, Inc.; Bridgestone Corporation; Continental AG; Denso Corporation; Goodyear Tire & Rubber Company; Hankook Tire Co., Ltd.; Meritor, Inc.; Pressure Systems International, Inc.; STEMCO Products Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Trailers, Trucks)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Automotive Automatic Tire Inflation System (ATIS) Market to Reach $1.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Automatic Tire Inflation System (ATIS) estimated at US$708.7 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 13.8% over the analysis period. Trailers, one of the segments analyzed in the report, is projected to record a 14.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Trucks segment is readjusted to a revised 12.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $217.7 Million in 2021, While China is Forecast to Reach $338.7 Million by 2026
The Automotive Automatic Tire Inflation System (ATIS) market in the U.S. is estimated at US$217.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$338.7 Million by the year 2026 trailing a CAGR of 18% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 12.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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