Transparency Market Research in its new report titled, “Automotive Automatic Tire Inflation System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive automatic tire inflation system market. The TMR report anticipates that the increasing vehicle remote diagnostics will drive the automotive automatic tire inflation system market during the forecast period i.e, 2018-2026.
The TMR report has segmented the automotive automatic tire inflation system market based on components, sales channel, vehicle type, and geography. In terms of components, the automatic tire inflation system market is classified into six segments. The compressor and sensors are key components of the system. Sensors perform the task of sensing the air pressure inside the tires. Based on the reading from the sensors, the compressor inflates the tire with proper air pressure. On the basis of sales channel, the automotive automatic tire inflation system market is split into two segments. Aftermarket is estimated to be a highly attractive segment of the market owing to the availability of a variety of automatic tire inflation systems in the aftermarket, at a comparatively lower price. Consequently, the aftermarket of the automatic tire inflation system market is witnessing expansion. Based on vehicle type, the market is classified into three major segments. Automatic tire inflation systems are more popular for commercial vehicles and off-road vehicles. Especially vehicles used for agriculture witness significant demand for the automatic tire inflation system.
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In terms of geography, the automotive automatic tire inflation system market is segmented into five prominent regions. North America and Europe witnessed a prominent demand for advanced technologies such as automatic tire inflation systems. In North America, the agriculture sector is expanding at a rapid pace. Moreover, demand for commercial and off-road vehicles is significantly increasing in North America owing to a prominent mining industry and expanding construction industry. This in turn is boosting the demand for automatic tire inflation systems in the region. Some of the major companies operating in the global automotive automatic tire inflation system market are profiled in this report to give a better competitive analysis of the market and these include Hendrickson USA, L.L.C., Meritor, Inc., STEMCO Products Inc., Pressure Systems International, Inc., Continental AG, Denso Corporation, Aperia Technologies, Inc., Haltec Corporation, Michelin North America Inc., ti.systems GmbH, and PressureGuard, PTG.
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