The automatic tire inflation system market was valued at US$ 988.6 million in the year 2017 and is anticipated to grow at a steady pace. There are a numerous factors that are driving the adoptions of automatic tire inflation systems and especially in the heavy commercial vehicle segment.  As a result, the market is forecasted to grow at a CAGR of 9.7% during the period 2018-2025 and amount to US$ 2,029.9 million by the year 2025. The global commercial vehicle industry is experiencing a significant demand, this is pressurizing the manufacturers to deliver the required amount of vehicles. The commercial vehicle production rose by 4.26% from 2016 to 2017 and touched 23.85 billion in 2017. The production statistics of commercial vehicles in 2016 recorded a total production of 22.87 billion in 2016, which showed a year on year growth of 2.83% from 2015. The demand for robust automotive volume is also increasing CO2 and other greenhouse gas emissions.

Apart from commercial logistics and transportation sectors, military forces in the region are also fueling the demand for automatic tire inflation system market. This is due to the fact that, military forces in the Asia Pacific region are procuring large numbers of heavy-duty vehicles and utility vehicles in order to transport goods to remotely located outposts and other military establishments. The military vehicles traverse through rough terrain, which results in loss of tire pressure frequently, and this can be overcome by the automatic tire inflation system. Owing to these two facts, the demand for automatic tire inflation system among Asia Pacific military forces is gaining prominence in the current scenario. This trend is anticipated to bolster the growth of automatic tire inflation system market in the coming years.

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Owing to the implementation of these laws and regulations, and the awareness of clean environment among the mass, the end users are anticipated to procure commercial vehicles line fitted with the advanced technologies. Thus, increasing vehicle production across the globe and strict governmental rules are directly impacting on the growth of automatic tire inflation system market in the current scenario, and the trend is also foreseen to drive the market in the coming year.

         

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