DUBLIN, Oct. 12, 2020 /PRNewswire/ — The “Automotive Automatic Tire Inflation System (ATIS) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 8th edition of this report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Automotive Automatic Tire Inflation System (ATIS) Market to Reach $1.8 Billion by 2027
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$1.8 Billion by 2027, growing at a CAGR of 13.8% over the period 2020-2027.
Trailers, one of the segments analyzed in the report, is projected to record 14.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early 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 $191 Million, While China is Forecast to Grow at 18% CAGR
The Automotive Automatic Tire Inflation System (ATIS) market in the U.S. is estimated at US$191 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$395.5 Million by the year 2027 trailing a CAGR of 18% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.
Competitors identified in this market include, among others:
- 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.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Automotive Automatic Tire Inflation System (ATIS) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/kqfw1t
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SOURCE Research and Markets