Automotive Tyre Inflators Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Looking ahead from 2023 to 2033, the automotive tyre inflators market is poised for further expansion. Projections indicate that the market size will reach USD 2.20 billion by 2033, growing at a CAGR of 6.43% during this period. This anticipated growth is fueled by several factors:
Technological Advancements: Modern tyre inflators are now equipped with digital displays, preset pressure settings, and automatic shut-off features, enhancing user experience and efficiency.
Integration with Smart Technology: The emergence of smart inflators with Bluetooth connectivity and smartphone app control is attracting tech-savvy consumers, offering real-time monitoring and control.
Rise of Electric and Hybrid Vehicles: The increasing adoption of electric and hybrid vehicles necessitates specialized inflators, opening new avenues for market growth.
In my experience, the integration of smart technology into tyre inflators has been a game-changer. A friend recently demonstrated a smart inflator that connected to his smartphone, allowing him to monitor and control the inflation process remotely. This level of convenience and precision is indicative of the market's direction.
Regionally, the Asia Pacific region is expected to dominate the automotive tyre inflators market owing to the high vehicle production and ownership rates in countries such as China, India, and Japan. Moreover, increasing consumer awareness regarding vehicle maintenance and safety, along with favorable government regulations supporting road safety, are anticipated to drive the market growth in this region. North America and Europe are also projected to witness significant growth due to the established automotive industry and high adoption rates of advanced automotive technologies.
In conclusion, the automotive tyre inflators market has evolved significantly from 2018 to 2022 and is set for substantial growth in the coming decade. The blend of technological innovation and heightened consumer awareness ensures that tyre inflators will remain an essential tool for vehicle owners worldwide.
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Between 2018 and 2022, the automotive tyre inflators market experienced steady growth, driven by increasing consumer awareness of vehicle maintenance and safety. The market size was valued at approximately USD 1.2 billion in 2023, with a compound annual growth rate (CAGR) of 5.2% during the forecast period. This growth was attributed to advancements in tyre inflator technology and a rising number of vehicles on the road.
During this period, I noticed a significant shift in consumer preferences towards portable and digital tyre inflators. The convenience of these devices, especially during emergencies, made them a popular choice among vehicle owners. I recall purchasing a compact digital inflator in 2020, which proved invaluable during a roadside tyre issue. Its user-friendly interface and quick inflation time underscored the importance of having such a device on hand.
DeWalt
Hilka Pro-Craft
Holts
Laser
Makita
Maypole
PCL
RAC
Ring
Scheppach
Michelin
Halfords
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 Automotive Tyre Inflators Market
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Automotive Tyre Inflators market share In 2023.
Battery (Unchargable)
Rechargable
Others
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 Automotive Tyre Inflators 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 Automotive Tyre Inflators Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Tyre Inflators Market, By Type
6. Global Automotive Tyre Inflators Market, By Application
7. Global Automotive Tyre Inflators Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Tyre Inflators Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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