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Automotive Tire Inflator Market size was valued at USD 1,101.85 Million in 2020 and is projected to reach USD 1,758.54 Million by 2028, growing at a CAGR of 6.31% from 2021 to 2028.
The convenience and time efficiency due to the use of automotive tire inflator and growing automotive industry is expected to drive the market. The Global Automotive Tire Inflator Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Automotive Tire Inflator Market Definition
The tire inflator is a specific type of air compressor which is used for pumping up the car tires. The use of pressurized gas removes the need for strenuous pumping to fill the tires to the right pressure. Tire inflators are available in various shapes and sizes. Small handheld inflators can easily fit in the boot of the car and are very useful in an emergency. Larger tire inflators may not fit in the car but can reliably pump up the tires in record speed. In simple terms, a tire inflator is a small portable device that helps in case of a flat or a tire puncture. A tire inflator can be the alternative to the big and bulky compressors. The tire inflator plugs into the 12V power socket and gets the desired tire pressure back. Additionally, some tire inflators do come with several other features such as flashlight, digital readout, or attachments.
Global Automotive Tire Inflator Market Overview
The demand for tire inflators has seen an upsurge over the past years owing to increased demand from automotive industry. Technological advancements such as artificial intelligence, data analytics, robotics among others along with innovation of electric vehicles is propelling the growth of automotive industry worldwide. As of 2021, the demand for commercial vehicles witnessed growth despite decline in registration during mid of 2021. The automotive tire industry is currently witnessing advancements and augmented investments. The rubber tire and tire industry are present in everyday life, being there at every step of the road, also influencing the world, with a focus on safety and sustainability. This industry continues to have the largest production activity, reaching 5 times more output every year. As with any manufacturing industry, the automotive. Industry needs to purchase the various components that are needed for assembling cars, including sophisticated equipment and sub-assemblies. However, removal, replacement and inflation of tyres is extremely common in motor vehicle repair, but it can cause injury and even death resulting from: manual handling of the tire and wheel; collapse of an elevated vehicle; being struck by vehicles at the roadside; and explosion of the tire or disintegration of the wheel during inflation.
Global Automotive Tire Inflator Market: Segmentation Analysis
The Automotive Tire Inflator Market is segmented on the basis of Type, Component, End-User, and Geography.
Automotive Tire Inflator Market, By Type
• Central Tire Inflation
• Continuous Tire Inflation
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Based on Type, the market is bifurcated into Central Tire Inflation, and Continuous Tire Inflation. Central Tire Inflation accounted for the largest market share in 2020. The central tire inflation systems, allow the tire pressure to be increased or decreased. They are commonly used in vocational-type applications or straight trucks.
Automotive Tire Inflator Market, By Component
• ECU
• Compressor
• Pressure Sensor
• Others
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On the basis of Component, the Global Automotive Tire Inflator Market has been segmented into ECU, Compressor, Pressure Sensor, and Others. ECU accounted for the largest market share in 2020. ECU manufacturers are now focusing on economies of scale for reducing the price. Reducing price will help drive the automatic tire inflation system market.
Automotive Tire Inflator Market, By End-User
• Passenger Vehicles
• Two Wheelers
• Off Road
• Recreational Vehicles (RV)
On the basis of End-User, the Global Automotive Tire Inflator Market has been segmented into Passenger Vehicles, Two Wheelers, Off Road, Recreational Vehicles (RV). Passenger Vehicles accounted for the largest market share in 2020. Rapid urbanization, increasing consumer spending along with flourishing automotive sector worldwide has augmented the demand for passenger vehicles which in turn is propelling the consumption of tire inflators for the same.
Automotive Tire Inflator Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
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On the basis of regional analysis, the Global Automotive Tire Inflator Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America is expected to hold the largest market share of the Automotive Tire Inflator over the forecast period followed by Europe. The market growth in the region can be attributed to rapidly flourishing automotive industry, increased consumer spending and inclination towards recreational vehicles.
Key Players
The “Global Automotive Tire Inflator Market” study report offers a valuable insight with an emphasis on global market including some of the major players such VIAIR Corporation, Kensun, Inc, Hendrickson, Slime (ITW Global Tire Repair Inc.), Bon-Aire Industries, Inc., Campbell Hausfeld (Marmon / Berkshire Hathaway Company), Coido, Guangzhou Meitun Electronic Commerce Co.Ltd. (Tirewell), and BLACK+DECKER Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
• ‘Viair Corporation’ introduced 75P -RVS Automatic Tire Inflator, is the easiest tire inflator yet.
• ‘BLACK+DECKER Inc.’ introduced high performance cordless inflator.
• The new inflator is featured with three power sources, digital gauge and automatic shutoff stops the unit once the desired pressure is reached.
• ‘Dana Incorporated’ purchased Drive Systems segment of the Oerlikon Group, including the Graziano Trasmissioni and Fairfield brands and VOCIS, a wholly owned electronic controls business located in the UK.
Post time: Sep-12-2023
