Pencil Air Tire Gauge Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The Pencil Air Tire Gauge market has experienced notable growth between 2018 and 2022, driven by increasing awareness around tire safety and the growing need for accurate inflation measurement in both consumer and commercial vehicle segments. With rising automobile sales and a renewed focus on vehicle maintenance, the demand for reliable tire gauges surged in this period. Pencil-style air tire gauges, known for their simplicity, affordability, and portability, became a preferred tool among vehicle owners. As the global automotive market saw consistent growth, particularly in emerging economies, the demand for tire maintenance tools also escalated. In 2020, the worldwide automotive industry faced setbacks due to the pandemic, but recovery was swift, driving the resurgence of tools like the Pencil Air Tire Gauge in 2021 and 2022.
However, from 2023 to 2033, the outlook for the Pencil Air Tire Gauge market is expected to undergo significant shifts. The continued rise of electric vehicles (EVs) and automated vehicle systems will influence the demand dynamics, as new technologies integrate tire pressure monitoring systems directly into vehicles. This may lead to a decline in traditional tire gauge usage as more vehicles come equipped with built-in, automatic tire pressure sensors. Despite this, the growing popularity of outdoor recreational activities and the increasing number of vehicles in developing nations are expected to maintain a steady demand for manual tools like the Pencil Air Tire Gauge. Additionally, increased awareness of car maintenance and vehicle safety will continue to drive the demand for cost-effective, easy-to-use tools, especially in regions where car ownership is rapidly increasing.
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AstroAI
Milton
Generic
CZC AUTO
Valve-Loc
PITTSBURGH AUTOMOTIVE
Jaco Elite
Slime
Accutire
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pencil Air Tire Gauge Market
Private Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Pencil Air Tire Gauge market share In 2023.
Digital
Mechanical
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pencil Air Tire Gauge Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pencil Air Tire Gauge Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pencil Air Tire Gauge Market, By Type
6. Global Pencil Air Tire Gauge Market, By Application
7. Global Pencil Air Tire Gauge Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pencil Air Tire Gauge Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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