According to the recent research report titled ‘Global Automotive Automatic Tire Inflation System (ATIS) Market Size study, by Vehicle Type (Passenger Car, Commercial Vehicles) and Regional Forecasts 2020-2027’, available with Market Study Report, global automotive automatic tire inflation system (ATIS) market is expected to accrue notable returns, registering a CAGR of 8.5% over 2020-2027.
 

As per the report findings, global automotive automatic tire inflation system (ATIS) market growth is primarily driven by growing concerns regarding tire safety and safer driving.
 

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Further, rapid expansion of automotive sector with continuous rise in vehicle sales is enhancing the industry outlook. In fact, the International Organization of Motor Vehicle Manufacturers (OICA) claims that global commercial vehicle sales reached 27 million units in 2019 from 24.3 million units since 2016. Passenger vehicle are also following a similar upward trend, further enhancing the remuneration scope of the industry.
 

On the contrary, high product cost is expected to hinder worldwide automotive automatic tire inflation system (ATIS) industry expansion during the forecast period 2020-2027.
 

For the uninitiated, automatic tire inflation system is widely implemented to overcome the tire underinflation by measuring tire inflation pressure in comparison to re-inflating tires and pre-specified targets when the perceived pressure is below the optimal level. This translates into increase tire productivity and enhanced fuel efficiency, along with better vehicle safety and passenger comfort.
 

Considering the regional outlook, the leading contributors to global automotive automatic tire inflation system (ATIS) market value are Asia Pacific, North America, Latin America, and Europe. Of these, North America currently leads the industry growth and will likely witness strong returns in the upcoming years, attributable to high concentration of market vendors, and surging demand for extended tire lifespan, enhanced fuel efficiency, and driver comfort by customers in the region.
 

Meanwhile, Asia-Pacific market is slated to expand profusely over 2020-2027, owing to factors such as rising production of passenger vehicles and commercial vehicles, along with strict government norms for vehicle safety in emerging economies like India and China.
 

Speaking of the competitive landscape, top contenders influencing global automotive automatic tire inflation system (ATIS) industry trends are Pressure Systems International, Inc., Denso Corp., Hankook Tire & Technology Co., Ltd., Michelin Group, Stemco Products Inc., Meritor, Inc., Goodyear Tire & Rubber Company, Continental AG, Bridgestone Corp., and Aperia Technologies, Inc.