Market Overview:
The global trailer tire inflation systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and trailers across the globe. Additionally, the increasing demand for agricultural equipment and military vehicles is also propelling the growth of this market. The global trailer tire inflation systems market can be segmented on the basis of type into central tire inflation systems (CTIS) and continuous tire inflation systems (CTIS). The CTIS segment is expected to dominate the global trailer tire inflation systems market during the forecast period owing to its advantages such as improved fuel efficiency, longer tyre life, reduced downtime, and better vehicle stability over rough terrain. On the basis of application,the global trailer tyre inflation systemsmarket can be divided into military vehicles, commercial vehicles, and agriculture equipment.
Product Definition:
Trailer tire inflation systems consist of a compressor and hoses that allow the operator to inflate trailer tires without leaving the tractor. Trailer tire inflation systems are important because they allow the operator to maintain proper air pressure in the trailer tires, which improves safety and extends tire life.
Central Tire Inflation Systems:
Central tire inflation systems are used to inflate the tires uniformly and efficiently. These systems are majorly used in heavy vehicles such as trucks, buses, trailers, and others. The growing demand for fuel-efficient vehicles has led to increased adoption of central tire inflation systems over the past few years.
The increasing number of government initiatives aimed at reducing carbon emission is expected to drive market growth over the forecast period.
Continuous Tire Inflation Systems:
Continuous Tire Inflation Systems (CTI) are used in Trailer Tire Inflation Systems to provide the desired tire pressure at all times. It helps to maintain optimum pressure between vehicles and reduces the risk of blowouts, which is a common occurrence when using manual tire inflation systems.
The global CTI market size was valued at USD 1.6 billion in 2015.
Application Insights:
The commercial application segment dominated the global trailer tire inflation systems market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth owing to rising demand from end-use industries including construction, mining and agriculture. In addition, increasing penetration of air compressors in the commercial vehicles is anticipated to drive industry expansion over the forecast period.
The military application segment accounted for a substantial share in 2017 and is projected to expand at a CAGR exceeding 6% from 2018 to 2030 due largelyto growing defense expenditure by various countries across the globe including China, India and Saudi Arabia among others which are major producers of agricultural products such as fruits and vegetables that require frequent transport between farms.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of key players, high demand for commercial vehicles, and favorable government regulations. In North America, U.S.
Growth Factors:
- Increasing demand for trailers in the transportation industry
- Growing awareness about the benefits of trailer tire inflation systems
- Technological advancements in trailer tire inflation systems
- Rising demand for lightweight and fuel-efficient trailers
- Growing number of fleet operators and trucking companies adopting trailer tire inflation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Trailer Tire Inflation Systems Market Research Report
By Type
Central Tire Inflation Systems, Continuous Tire Inflation Systems
By Application
Military, Commercial, Agriculture
By Companies
Pressure Systems International(PSI), Nexter Group, Meritor Automotive, Dana, STEMCO(EnPro Industries), Hendrickson, Tire Pressure Control International, Aperia Technologies, Pressure Guard, Michelin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Trailer Tire Inflation Systems Market Report Segments:
The global Trailer Tire Inflation Systems market is segmented on the basis of:
Types
Central Tire Inflation Systems, Continuous Tire Inflation Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Commercial, Agriculture
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pressure Systems International(PSI)
- Nexter Group
- Meritor Automotive
- Dana
- STEMCO(EnPro Industries)
- Hendrickson
- Tire Pressure Control International
- Aperia Technologies
- Pressure Guard
- Michelin
Highlights of The Trailer Tire Inflation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Central Tire Inflation Systems
- Continuous Tire Inflation Systems
- By Application:
- Military
- Commercial
- Agriculture
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trailer Tire Inflation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A trailer tire inflation system is a device that inflates your tires to the correct pressure. It attaches to your vehicle's air compressor and uses air pressure to inflate your tires.
Some of the major companies in the trailer tire inflation systems market are Pressure Systems International(PSI), Nexter Group, Meritor Automotive, Dana, STEMCO(EnPro Industries), Hendrickson, Tire Pressure Control International, Aperia Technologies, Pressure Guard, Michelin.
The trailer tire inflation systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trailer Tire Inflation Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Trailer Tire Inflation Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trailer Tire Inflation Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Trailer Tire Inflation Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Trailer Tire Inflation Systems Market Size & Forecast, 2018-2028
4.5.1 Trailer Tire Inflation Systems Market Size and Y-o-Y Growth
4.5.2 Trailer Tire Inflation Systems Market Absolute $ Opportunity
Chapter 5 Global Trailer Tire Inflation Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Trailer Tire Inflation Systems Market Size Forecast by Type
5.2.1 Central Tire Inflation Systems
5.2.2 Continuous Tire Inflation Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trailer Tire Inflation Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Trailer Tire Inflation Systems Market Size Forecast by Applications
6.2.1 Military
6.2.2 Commercial
6.2.3 Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trailer Tire Inflation Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trailer Tire Inflation Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Trailer Tire Inflation Systems Analysis and Forecast
9.1 Introduction
9.2 North America Trailer Tire Inflation Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Trailer Tire Inflation Systems Market Size Forecast by Type
9.6.1 Central Tire Inflation Systems
9.6.2 Continuous Tire Inflation Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Trailer Tire Inflation Systems Market Size Forecast by Applications
9.10.1 Military
9.10.2 Commercial
9.10.3 Agriculture
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Trailer Tire Inflation Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Trailer Tire Inflation Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Trailer Tire Inflation Systems Market Size Forecast by Type
10.6.1 Central Tire Inflation Systems
10.6.2 Continuous Tire Inflation Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Trailer Tire Inflation Systems Market Size Forecast by Applications
10.10.1 Military
10.10.2 Commercial
10.10.3 Agriculture
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Trailer Tire Inflation Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trailer Tire Inflation Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Trailer Tire Inflation Systems Market Size Forecast by Type
11.6.1 Central Tire Inflation Systems
11.6.2 Continuous Tire Inflation Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Trailer Tire Inflation Systems Market Size Forecast by Applications
11.10.1 Military
11.10.2 Commercial
11.10.3 Agriculture
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Trailer Tire Inflation Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Trailer Tire Inflation Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Trailer Tire Inflation Systems Market Size Forecast by Type
12.6.1 Central Tire Inflation Systems
12.6.2 Continuous Tire Inflation Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Trailer Tire Inflation Systems Market Size Forecast by Applications
12.10.1 Military
12.10.2 Commercial
12.10.3 Agriculture
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Trailer Tire Inflation Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trailer Tire Inflation Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Trailer Tire Inflation Systems Market Size Forecast by Type
13.6.1 Central Tire Inflation Systems
13.6.2 Continuous Tire Inflation Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Trailer Tire Inflation Systems Market Size Forecast by Applications
13.10.1 Military
13.10.2 Commercial
13.10.3 Agriculture
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trailer Tire Inflation Systems Market: Competitive Dashboard
14.2 Global Trailer Tire Inflation Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pressure Systems International(PSI)
14.3.2 Nexter Group
14.3.3 Meritor Automotive
14.3.4 Dana
14.3.5 STEMCO(EnPro Industries)
14.3.6 Hendrickson
14.3.7 Tire Pressure Control International
14.3.8 Aperia Technologies
14.3.9 Pressure Guard
14.3.10 Michelin
