Global automatic tyre inflation system market will be worth US$2.7 billion by 2027
Automatic tyre inflation systems is set to become a multi-billion dollar global industry during the course of the next decade. According to a report produced by Future Market Insights, the market is anticipated to reach revenue of over US$1.500 billion in 2017 and grow at a steady compound annual growth rate (CAGR) of 5.6 per cent during the 10 year period between 2017 and 2027. The forecast predicts the market to reach a revenue of over $2.7 billion by the end of the forecast period in 2027.