North america: the largest market for the automatic tire inflation system market
the north american region is estimated to hold the largest share, by value, of the automatic tire
inflation system market in 2018. The demand for an automatic tire inflation system in this region
is triggered by growing vehicle safety concerns. In addition, the north american automotive
industry is one of the fastest growing industries in the world and is dominated by domestic oems
such as ford motor company and general motors along with established european and japanese
oems.
According to NHTSA, in the US, 733 traffic fatalities occurred due to tire malfunctioning in 2016.
The NHTSA also estimates that the automatic tire inflation systems can save 260,000 accidents
per year. This will help grow the north american automatic tire inflation system market.