United States, Europe, Middle East and Africa Automotive Tire Inflator Market By Product (Portable, Non-Portable), By Type (Central Tire Inflation, Continuous Tire Inflation), By Component (ECU, Compressor, Pressure Sensor), By End Users (Passenger Vehicles, Two Wheelers, Off Road, Recreational Vehicles (RV)), By Geographic Scope And Forecast
United States Europe Middle East and Africa Automotive Tire Inflator Market
United States, Europe, Middle East and Africa Automotive Tire Inflator Market By Product (Portable, Non-Portable), By Type (Central Tire Inflation, Continuous Tire Inflation), By Component (ECU, Compressor, Pressure Sensor), By End Users (Passenger Vehicles, Two Wheelers, Off Road, Recreational Vehicles (RV)), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
United States, Europe, Middle East and Africa Automotive Tire Inflator Market Size And Forecast
United States, Europe, Middle East and Africa Automotive Tire Inflator Market size was valued at USD 736.95 Million in 2022 and is projected to reach USD 1,149.75 Million by 2030, growing at a CAGR of 5.72% from 2024 to 2030.
The 'United States, Europe, and MEA Automotive Tire Inflator Market' is really taking off! We're seeing big growth, especially because the auto industry is booming in places like the U.S., Germany, and the UK. Plus, with more and more people shopping online, thanks to e-commerce and online retail, there are tons of new possibilities opening up for this market in the US, Europe, Middle East and Africa. Our report gives you the full scoop – a complete look at key areas, what's hot, what's driving the market, what's holding it back, who the players are, and everything else that's making a difference.
United States, Europe, Middle East and Africa Automotive Tire Inflator Market Definition
An automotive tire inflator is a specific type of air compressor specialized for tires. The tire inflators convert electric energy into potential energy stored as pressurized air. This pressurized gas ensures there is no longer a need for the persistent pumping of the manual tire inflators of the past. Tire inflators are crucial in maintaining optimal tire pressure, which is essential for improved fuel efficiency, safe and efficient vehicle operation, and enhanced tire longevity. Tire inflators provide an efficient and convenient solution to address flat or underinflated tires, ensuring drivers avoid potential hazards and have a smoother driving experience.
Tire inflators typically comprise a compact unit with a pressure gauge, air compressor, and sometimes a storage compartment for accessories such as cords and nozzles. The inflators can be powered by various sources, such as household electrical outlets (120V A.C.), vehicle power outlets (12V D.C.), or rechargeable batteries. Some inflator models are designed for portable use and can be carried in the vehicle for on-the-go tire inflation, while others are more suitable for workshop or garage use.
Tire inflators serve various purposes beyond simply addressing flat tires. They are valuable tools for routine tire maintenance, ensuring that tires remain at optimal pressure levels as specified by the vehicle manufacturer. Properly inflated tires contribute to better handling, optimal fuel efficiency, improved traction, and reduced tire wear. Moreover, maintaining the correct tire pressure is integral for road safety, as overinflated or underinflated tires can affect vehicle stability, reduce braking efficiency, and increase the risk of accidents.
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United States, Europe, Middle East and Africa Automotive Tire Inflator Market Overview
The ‘United States, Europe, and MEA Automotive Tire Inflator Market’ is witnessing significant growth owing to various driving factors such as the growing automobile industry in countries such as U.S., Germany, and UK. The demand for tire inflators is growing due to technological advancements undertaken by the key players to provide their customers with technologically advanced products equipped with features such as digital meters and auto-shut-off features that enhance the device’s ease of use.
However, the considerably high prices of specific models of tire inflators are anticipated to hinder market growth. The adoption of the higher priced tire inflators is attributed to less in regions with price-sensitive customers. Moreover, the growing e-commerce and online retail are anticipated to create new opportunities for the U.S., Europe, and MEA Automotive Tire Inflator Market as the customers have several options.
United States, Europe, Middle East and Africa Automotive Tire Inflator Market Segmentation Analysis
The United States, Europe, Middle East and Africa Automotive Tire Inflator Market is segmented based on Product, Type, Component, End Users, and Geography.
United States, Europe, Middle East and Africa Automotive Tire Inflator Market, By Product
Portable
Non-Portable
To Get a Summarized Market Report By Product-
Think portable inflators are popular? You're right! They grabbed a whopping 62.63% of the market in 2022. That's because these handy gadgets aren't just for tires. They're super versatile for inflating sports equipment, pool toys, air mattresses – you name it. And especially if you're on road trips, camping, or traveling off the beaten path, having one is a lifesaver when gas stations are scarce. Plus, keeping your tires properly inflated with a portable inflator helps them last longer and perform better, meaning less wear and fewer replacements. This segment alone was worth USD 461.57 Million in 2022 and is expected to keep growing at a rate of 6.20%! But don't count out the non-portable inflators! That market segment clocked in at USD 275.38 Million in 2022 and is estimated to grow at 4.87%. Pretty impressive, right?
United States, Europe, Middle East and Africa Automotive Tire Inflator Market, By Type
Central Tire Inflation
Continuous Tire Inflation
In 2022, Central Tire Inflation really took the lead, grabbing a whopping 68.78% of the market! These CTI systems are great because they keep your tires at the right pressure, which makes your vehicle much more stable and easier to handle. Think about it – that’s super important when you have to make a sudden turn or slam on the brakes. Plus, if you’re hauling different loads, CTI lets you tweak the tire pressure to match, keeping everything running smoothly and distributing the weight properly. This segment was worth USD 506.90 Million, and experts think it's going to keep growing at a rate of 6.52% over the next few years. Continuous Tire Inflation came in second place in 2022, with a market value of USD 230.04 Million, and is expected to grow at a more modest 3.75%.
United States, Europe, Middle East and Africa Automotive Tire Inflator Market, By Component
ECU
Compressor
Pressure Sensor
Others
In 2022, the ECU took the crown with the biggest slice of the market pie, a whopping 32.64%! Think of your ECU as a memory keeper; it logs all sorts of tire pressure history, which is super handy for keeping your car in tip-top shape. Looking at this data, you can spot trends, figure out problems, and see where things could be better. Even cooler, if you've got a connected car, the ECU can beam your tire pressure info back to the manufacturer or your favorite service spot. This lets them offer remote help, send you alerts, or even book appointments for you! This segment was worth USD 240.52 Million and is expected to increase by 4.08% each year. Meanwhile, the Compressor market came in second, valued at USD 207.76 Million in 2022 and it is likely to grow at 5.44% annually. But keep your eye on the Pressure Sensor market – it's expected to zoom ahead with the highest growth rate of 6.19%.
United States, Europe, Middle East and Africa Automotive Tire Inflator Market, By End User
Passenger Vehicles
Two Wheelers
Off Road
Recreational Vehicles (RV)
To Get a Summarized Market Report By End User-
In 2022, passenger cars took the lead, grabbing a whopping 40.77% of the market! You know, those handy automobile tire inflators? They're all over passenger cars for keeping those tires in tip-top shape, offering security, and just making life easier. And, speaking of those inflators, they’re super useful. Their main job is to pump tires up to the right pressure, which means longer-lasting tires, better gas mileage, and a smoother ride. This whole segment? It’s worth USD 300.42 Million and is expected to keep growing like crazy, about 6.43% each year! Now, right behind passenger cars, Two Wheelers came in second place in 2022, hitting a value of USD 195.80 Million, and they're predicted to grow at a rate of 5.85%.
United States, Europe, Middle East and Africa Automotive Tire Inflator Market, By Geography
US
Europe
Middle East and Africa
The United States, Europe and MEA Automotive Tire Inflator Market is experiencing a scaled level of attractiveness in the region. The European region has a prominent presence and holds the major share of the US, Europe, and MEA market. Europe is anticipated to account for a significant market share of 51.18% in 2022. The region is projected to gain an incremental market value of USD 175.88 Million and is projected to grow at a CAGR of 5.96% between 2024 and 2030.
The European region has a prominent presence and holds the major share of the US, Europe, and MEA market. The market is majorly driven due to the increasing penetration of two-wheelers, four-wheelers, electric vehicles, safety regulations, eco-friendly and sustainable driving, long-distance travel, changing weather conditions, and increasing DIY maintenance.
Key Players
The market's a busy place, with key folks like VIAIR Corporation, Kensun Inc., Hendrickson, Slime (ITW Global Tire Repair Inc.), Bon-Aire Industries Inc., Campbell Hausfeld (Marmon / Berkshire Hathaway Company), PSI, Aperia Technologies, Pneumatic Components Ltd, BLACK+DECKER Inc., Nexter Group, Dana Limited, STEMCO, Goodyear, Continental Automotive, TELEFLOW, Meritor, Michelin, Craftsman, Airgo System, and Others. We've got the lowdown on each of thema quick company overview, where they rank, their reach across regions and industries, and a deep dive with our ACE Matrix. Plus, we've carved out a whole section just for these big names, where our analysts break down their financials, compare them head-to-head, and lay out their Strengths, Weaknesses, Opportunities, and Threats (that's the SWOT analysis for you!). Click here to learn more!
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