Automatic Tire Inflation System Market Projected to Reach $1,606.8 Million by 2025
The report “ Automatic Tire Inflation System Market by Type (Central & Continuous), Component (ECU, Compressor, & Pressure Sensor), On-Highway Vehicle (PC & CV), Off-Highway Vehicle (Agriculture & Construction), and Region – Global Forecast to 2025″ , The automatic tire inflation system market is estimated to be USD 891.6 million in 2018 and is projected to reach USD 1,606.8 million by 2025, at a CAGR of 8.78%. The automatic tire inflation system efficiently increases tire life, vehicle performance, and safety. This will help grow the automatic tire inflation system market in developed as well as developing regions. Growing focus of governments on safety regulations to reduce road accidents is expected to drive the automatic tire inflation system market. Central tire inflation system is the fastest growing segment of the automatic tire inflation system market, by type Extended tire life, improved productivity, and increased fuel efficiency are the ...