Global Automotive Tire Inflator Market Size To Worth USD 2.20 Billion By 2033 | CAGR of 6.43%
Category: Automotive & TransportationGlobal Automotive Tire Inflator Market Size To Worth USD 2.20 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Automotive Tire Inflator Market Size is Expected to Grow from USD 1.18 Billion in 2023 to USD 2.20 Billion by 2033, Growing at a CAGR of 6.43% during the forecast period 2023-2033.
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Browse key industry insights spread across 250 pages with 95 Market data tables and figures & charts from the report on the "Global Automotive Tire Inflator Market Size, Share, and COVID-19 Impact Analysis, By Type (Central Tire Inflation, Continuous Tire Inflation), By Component (ECU, Compressor, Pressure Sensor, Others), By End-User (Passenger Vehicles, Two-Wheelers, Off-Road, Recreational Vehicles (RV)), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/automotive-tire-inflator-market
An automotive tire inflator is a device used to inflate or maintain the correct air pressure in a vehicle's tires. It typically includes a compressor, pressure sensors, valves, and an electronic control unit (ECU). Several factors are driving the growth of the automotive tire inflator market, including heightened safety awareness, technical improvements, increased vehicle ownership, and consumer preference for convenience. Rising disposable incomes and the rise of car sales in emerging nations are driving up demand for tire inflators. However, issues such as variable product quality, limited longevity, and the complexity of advanced features might all repel potential customers.
The central tire inflation segment is predicted to hold the largest market share through the forecast period.
Based on the type, the automotive tire inflator market is classified into central tire inflation and continuous tire inflation. Among these, the central tire inflation segment is predicted to hold the largest market share through the forecast period. The segment's supremacy is due to CTI systems, which allow for automatic tire pressure change from inside the car, often via a control panel or system interface.
The compressor segment is anticipated to hold the highest market share during the projected timeframe.
Based on the component, the automotive tire inflator market is divided into ECU, compressor, pressure sensor, and others. Among these, the compressor segment is anticipated to hold the highest market share during the projected timeframe. The compressor is the primary component that generates and supplies the required air pressure for tire inflation, making it vital to the entire performance of tire inflation systems.
The passenger vehicles segment is estimated to grow at the fastest CAGR growth through the projected period.
Based on the end-user, the automotive tire inflator market is categorized into passenger vehicles, two-wheelers, off-road, and recreational vehicles (RV). Among these, the passenger vehicles segment is estimated to grow at the fastest CAGR growth through the projected period. The rapid expansion is powered by increasing knowledge about tire safety, the adoption of advanced tire pressure management systems such as TPMS, and the rising demand for features that improve vehicle performance, fuel efficiency, and safety.
North America is estimated to hold the largest share of the automotive tire inflator market over the forecast period.
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North America is estimated to hold the largest share of the automotive tire inflator market over the forecast period. The region's increasing usage of innovative tire inflator technologies, such as Bluetooth connectivity and digital pressure monitoring, boosts market growth.
Asia Pacific is predicted to have the highest CAGR growth in the automotive tire inflator market over the forecast period. Asia Pacific's strong economic development, increased vehicle ownership, expanding consumer awareness of tire maintenance, and technical improvements are driving the fastest growth in the automobile tire inflator market.
Major key players in the automotive tire inflator market include 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), BLACK+DECKER Inc., and Others.
Recent Developments
- In March 2024, Fanttik Launched X9 Ultra Tire Inflator 3-in-1 Powerhouse Innovation, Revolutionizing Pickup Trucks & Jeeps Adventures.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the automotive tire inflator market based on the below-mentioned segments:
Global Automotive Tire Inflator Market, By Type
- Central Tire Inflation
- Continuous Tire Inflation
Global Automotive Tire Inflator Market, By Component
- ECU
- Compressor
- Pressure Sensor
- Others
Global Automotive Tire Inflator Market, By End-User
- Passenger Vehicles
- Two-Wheelers
- Off-Road
- Recreational Vehicles (RV)
Global Automotive Tire Inflator Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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