Global Tyre Inflators Market- Market Overview:

The global tyre inflators market is expected to grow from USD 1,190 million in 2022 to USD 2,044 million by 2030, at a CAGR of 7% during the Projection period 2023-2030. The market for type inflators is anticipated to be driven by the rising demand from automotive industry.

The air compressor known as a tyre inflator is used to inflate automobile tyres. There are several different sizes and styles of tyre inflators. Small handheld inflators are highly helpful in an emergency and may easily fit in the car's trunk. Larger tyre inflators might not fit in the car, but they have a reliable pump that can pump the tyres quickly. A tyre inflator is a tiny, portable tool that aids with tyre emergencies like flats and punctures. An alternative to large, heavy compressors is a tyre inflator. Due to a rise in demand from the automobile industry, tyre inflator demand has surged over the past few years. The development of electric vehicles and other technological innovations, like artificial intelligence, data analytics, and robots, are accelerating the expansion of the global automobile industry. Despite a dip in registration towards the middle of 2021, the demand for commercial cars was growing in 2021. There are now improvements and increased investments being made in the car tyre sector. With an emphasis on safety and sustainability, the rubber tyre and tyre business are part of daily life, present at every turn of the road, and have an impact on the entire planet. In order to assemble vehicles, the industry must buy a variety of parts, including complex machinery and sub-assemblies.

Sample Request: - Global Tyre Inflators Market

Market Dynamics:

Drivers:

• Strong Demand

In the near future, rising auto sales and production are anticipated to have a beneficial impact on the market. Additionally, it is projected that escalating driver safety concerns would motivate tyre producers to enhance tyre traction and wear and tear resistance. Additionally, as consumer demand for personal and other types of vehicles rises, tyre producers should see opportunities to expand as they recognise the production efficiencies of autos. The use of tyre inflators is also increasing as a result of many government restrictions linked to tyres. The tyre inflators market is being driven by a number of government-imposed rules regarding tyres that are increasing inflator usage. To force customers and producers to pay attention to tyre performance factors including traction and inflation, several standards and regulations are being developed.

Restraints:                                             

• Several Risks Associated with the Tyre

 However, the manual handling of the tyre and wheel, the collapse of an elevated vehicle, being struck by vehicles at the roadside, the explosion of the tyre, or the disintegration of the wheel during inflation, are all risks that can result in injury or even death when performing removal, replacement, and inflation of tyres for motor vehicles.

Opportunities:

• Rise in Need for Tyre Inflators

The market value has increased as a result of an increase in demand for practical and efficient safety accessories and components. Growing consumer awareness of the availability of portable tyre inflators along with the growth and expansion of the automobile industry, particularly in developing nations, will also generate attractive potential prospects for the market. The government's increased tyre-related rules will also encourage market expansion. The manufacturers' increased emphasis on building new factories and ramping up their R&D efforts will pave the path for the market's further expansion.

Challenges:

• High Cost

The high cost of tyre inflators will be a significant obstacle to the market's growth rate, nevertheless. Additionally, changes in the cost of raw materials will slow the market's expansion. The population's lack of understanding of the importance of the product will further limit the market's potential for expansion.

Segmentation Analysis:

The global tyre inflators market has been segmented based on type, application and region.

By Type

The type segment is divided into 24 V and 12 V. 12 V segment led the largest share of the Tyre inflators market with a market share of around 65% in 2022. The 12V power socket is plugged into the tyre inflator to receive the desired tyre pressure. Some tyre inflators also have additional functions like a flashlight, digital readout, or attachments.

By Application

The application segment is repair store, household, and automotive manufacturers. The automotive manufacturers segment led the largest share of the Tyre inflators market with a market share of around 40% in 2022. Rapid urbanisation, rising consumer spending, and a thriving automotive industry globally have increased demand for automotive manufacturers, which is driving up the need for tyre inflators for such cars.

Global Tyre Inflators Market- Sales Analysis.

The sale of tyre inflators market expanded at a CAGR of 5.5% from 2016 to 2022.

Tyre inflators are designed to inflate the tyre with more unique functions than air compressors and have an accurate and readable pressure gauge. Some inflators offer features like USB ports, lamps, and emergency signals and are smaller than air compressors. The inflator can be used to fill a flat tyre and jumpstart a car battery. By keeping tyres inflated to the recommended pressure, tyre inflators can prolong tyre life, increase fuel efficiency, and avoid tyre blowouts.

As a result of increasingly stringent fuel economy regulations, automakers all over the world are eliminating spare tyres from their vehicles in an effort to save costs and boost efficiency, which is the main factor driving the tyre inflator industry. When a spare tyre is replaced with an inflation kit, the car loses about 25 pounds. Additionally, several nations, such as India, no longer require drivers to carry spare tyres, which is anticipated to support the expansion of the tyre inflator market over the Projection period.

Thus, owing to the aforementioned factors, the global tyre inflators market is expected to grow at a CAGR of 7% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the tyre inflators market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Europe region dominated the Tyre inflators market and held a 40% share of the market revenue in 2022.

• The Europe region witnessed a major share. The quickly growing automotive industry, more consumer spending, and preference for recreational vehicles can all be blamed for the market expansion in the area. The tyre inflators market is anticipated to be driven by the convenience and time savings provided by the use of automobile tyre inflators and the expanding automotive sector.
• Asia Pacific is anticipated to experience significant growth during the Projection period. The tyre inflators market in the Asia Pacific is predicted to grow significantly as a result of several regulations regarding tyres that are increasing in emerging countries like China and India. The BIS Quality Control (QC) Order in India mandated that the ISI mark be imprinted on the sidewall of all aerial tyres.

Global Tyre Inflators Market- Country Analysis:

• Germany

Germany's tyre inflators market size was valued at USD 119 million in 2022 and is expected to reach USD 144.9 million by 2030, at a CAGR of 2.5% from 2023 to 2030. The market for tyre inflators is growing owing to the increasing sale of commercial and passenger vehicles.

• China

China’s tyre inflators market size was valued at USD 112.8 million in 2022 and is expected to reach USD 152.0 million by 2030, at a CAGR of 3.8% from 2022 to 2030. Significant investments are being made in the worldwide tyre inflators market in china by well-known manufacturers that are continuously concentrating on growing their manufacturing facilities, increasing research and development, and doing so.

• India

India's tyre inflators market size was valued at USD 92.07 million in 2022 and is expected to reach USD 117.5 million by 2030, at a CAGR of 3.1% from 2022 to 2030. Numerous minor regional firms are entering the market as a result of the market's fragmentation. For instance, Portronics introduced Vayu, a revolutionary tyre inflator, in India in January 2022. The inflator features a 4000mAh battery and a 50W power output out of the box.

Key Industry Players Analysis:

To increase their market position in the global tyre inflators market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.       

• Instrument Research Associates (IRA)
• Eastwood Digital
• Airtec Corporation
• Pressure Systems International, Inc.
• Craftsman
• Coido Corporation
• Hendrickson USA, L.L.C.
• Aperia Technologies, Inc.
• Pressure Guard
• STEMCO
• Nexter Group
• PTG
• MasterFlow
• Campbell Hausfeld
• VIAIR Corporation
• Wagan Corporation
• Nova Gas Techniques Ltd.

Latest Development:

• In October 2021, Fanttik introduced the X8 Apex tyre inflator, a new portable model. The pump can fill tyres with more than 100 psi of pressure and has five pre-programmed modes.
• In July 2021, The MIJIA, Air Pump 1S portable tyre inflator was introduced by Xiaomi. According to the manufacturer, the pump can fill two car tyres with almost little air pressure in just 11 minutes while it is operating at full capacity.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	7%
Market Size	1,190 million in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Instrument Research Associates (IRA), Eastwood Digital, Airtec Corporation, Pressure Systems International, Inc., Craftsman, Coido Corporation, Hendrickson USA, L.L.C., Aperia Technologies, Inc., Pressure Guard, STEMCO, Nexter Group, PTG, MasterFlow, Campbell Hausfeld, VIAIR Corporation, Wagan Corporation, and Nova Gas Techniques Ltd.
By Type	24 V 12 V
By Application	Repair Store Household Automotive Manufacturers
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Tyre Inflators Market By Type:

• 24 V
• 12 V

Global Tyre Inflators Market By Application:

• Repair Store
• Household
• Automotive Manufacturers

Global Tyre Inflators Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Favorable tax laws make it simple for tyre inflators market to grow. Additionally, tyre inflators market will be able to maintain its competitiveness by reducing its cost of doing business thanks to government assistance and advantageous tax rates. Additionally, corporate expenses won't be passed on to customers, giving them access to attractive and competitive prices. Businesses like tyre inflators market will be able to flourish as a result of favourable tax laws that support business growth and development, which will also contribute to the creation of economic value for the nation. Monitoring industrial competition is crucial for governmental and political institutions and entities.

Economic Factors- Businesses like tyre inflators market will find it easier to obtain bank loans if the interest rate is low. The goal of this market financing is expansion and development. Business loans would also play a significant role in the growth and construction of the sector's infrastructure. The ability to take out personal loans would also be made possible by moderate interest rates. Personal loans will result in increased consumer spending and consumption when interest rates are low to moderate. This would increase consumer spending, sales, and market penetration for market like tyre inflators market.

Social Factors- For tyre inflators market, having a larger proportion of young people is advantageous because it will give the company a broader customer base. Additionally, a younger population will provide tyre inflators market with access to human resources and personnel who are more talented and educated, expanding the talent pool. For tyre inflators market, the moderate to upper middle-class matters as its existing customers and supporters. This group promotes the tyre inflators market and inspires the younger generation to become devoted customers. Numerous factors will help tyre inflators market make it attractive for the population to have greater levels of education. Higher education increases the number of talented, informed, and competent individuals available to tyre inflators market.

Technological Factors- The proportion of young people and people in their middle years is higher than average. These demographic groups frequently utilise social media for connectedness. Businesses like tyre inflators market are increasingly using social media to obtain consumer data and information. tyre inflators market also engages with customers on its official social media channels to solicit comments and announce discounts. Markets like tyre inflators market have begun utilising social media for recruiting purposes, highlighting the shifting social media trends in the corporate world. High levels of both domestic and foreign investment are made in the nation's technological R&D.

Environmental Factors-  A rise in the green lifestyle has coincided with an increase in environmental sustainability consciousness. Consumers in the nation and in all markets are gravitating toward goods and services that are "green," or created and promoted in ways that are sustainable and kind to the environment. To appeal to consumers, businesses are also jumping on the green product bandwagon and releasing them. Environmentally friendly CSR activities are regularly conducted by tyre inflators market. A green product line, which is a variant of its current items, has also been introduced by tyre inflators market. To boost its contribution to environmental sustainability, the company intends to expand the weight of its green product range steadily.

Legal Factors- The population of the nation and the market is diverse. There are many immigrants, and enterprises from the nation also have operations in many other countries. As a result, tyre inflators market has always felt at ease with a diverse staff and has developed internal business practices that foster diversity. The business adheres to anti-discrimination laws in all of its operations, from hiring to promoting. Every employee participates in diversity training and workshops on a regular basis to learn how to avoid discriminatory and biassed acts, which could have serious consequences. Like other companies in the sector, the tyre inflators market is an equal opportunity employer. Additionally, tyre inflators market makes sure that there is no discrimination inside the organisation and that the work environment is always positive.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Strong Demand    
   • 3. Restraints
     • 3.1. Several Risks Associated with the Tyre
   • 4. Opportunities
     • 4.1. Rise in Need for Tyre Inflators
   • 5. Challenges
     • 5.1. High Cost

6. Global Tyre Inflators Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. 24 V
   • 3. 12 V
7. Global Tyre Inflators Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Repair Store
   • 3. Household
   • 4. Automotive Manufacturers
8. Global Tyre Inflators Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Tyre Inflators Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Tyre Inflators Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Instrument Research Associates (IRA)
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Eastwood Digital
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Airtec Corporation
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Pressure Systems International, Inc.
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Craftsman
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Coido Corporation
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Hendrickson USA, L.L.C.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Aperia Technologies, Inc.
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Pressure Guard
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • STEMCO
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Nexter Group
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • PTG
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • MasterFlow
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Campbell Hausfeld
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • VIAIR Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Wagan Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Nova Gas Techniques Ltd.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Tyre Inflators Market, By Type, 2023–2030 (USD Million)
2. Global 24 V, Tyre Inflators Market, By Region, 2023–2030 (USD Million)
3. Global 12 V, Tyre Inflators Market, By Region, 2023–2030 (USD Million)
4. Global Tyre Inflators Market, By Application, 2023–2030 (USD Million)
5. Global Repair Store, Tyre Inflators Market, By Region, 2023–2030 (USD Million)
6. Global Household, Tyre Inflators Market, By Region, 2023–2030 (USD Million)
7. Global Automotive Manufacturers, Tyre Inflators Market, By Region, 2023–2030 (USD Million)
8. Global Tyre Inflators Market, By Region, 2023–2030 (USD Million)
9. North America Tyre Inflators Market, By Type, 2023–2030 (USD Million)
10. North America Tyre Inflators Market, By Application, 2023–2030 (USD Million)
11. USA Tyre Inflators Market, By Type, 2023–2030 (USD Million)
12. USA Tyre Inflators Market, By Application, 2023–2030 (USD Million)
13. Canada Tyre Inflators Market, By Type, 2023–2030 (USD Million)
14. Canada Tyre Inflators Market, By Application, 2023–2030 (USD Million)
15. Mexico Tyre Inflators Market, By Type, 2023–2030 (USD Million)
16. Mexico Tyre Inflators Market, By Application, 2023–2030 (USD Million)
17. Europe Tyre Inflators Market, By Type, 2023–2030 (USD Million)
18. Europe Tyre Inflators Market, By Application, 2023–2030 (USD Million)
19. Germany Tyre Inflators Market, By Type, 2023–2030 (USD Million)
20. Germany Tyre Inflators Market, By Application, 2023–2030 (USD Million)
21. France Tyre Inflators Market, By Type, 2023–2030 (USD Million)
22. France Tyre Inflators Market, By Application, 2023–2030 (USD Million)
23. UK Tyre Inflators Market, By Type, 2023–2030 (USD Million)
24. UK Tyre Inflators Market, By Application, 2023–2030 (USD Million)
25. Italy Tyre Inflators Market, By Type, 2023–2030 (USD Million)
26. Italy Tyre Inflators Market, By Application, 2023–2030 (USD Million)
27. Spain Tyre Inflators Market, By Type, 2023–2030 (USD Million)
28. Spain Tyre Inflators Market, By Application, 2023–2030 (USD Million)
29. Asia Pacific Tyre Inflators Market, By Type, 2023–2030 (USD Million)
30. Asia Pacific Tyre Inflators Market, By Application, 2023–2030 (USD Million)
31. Japan Tyre Inflators Market, By Type, 2023–2030 (USD Million)
32. Japan Tyre Inflators Market, By Application, 2023–2030 (USD Million)
33. China Tyre Inflators Market, By Type, 2023–2030 (USD Million)
34. China Tyre Inflators Market, By Application, 2023–2030 (USD Million)
35. India Tyre Inflators Market, By Type, 2023–2030 (USD Million)
36. India Tyre Inflators Market, By Application, 2023–2030 (USD Million)
37. South America Tyre Inflators Market, By Type, 2023–2030 (USD Million)
38. South America Tyre Inflators Market, By Application, 2023–2030 (USD Million)
39. Brazil Tyre Inflators Market, By Type, 2023–2030 (USD Million)
40. Brazil Tyre Inflators Market, By Application, 2023–2030 (USD Million)
41. Middle East and Africa Tyre Inflators Market, By Type, 2023–2030 (USD Million)
42. Middle East and Africa Tyre Inflators Market, By Application, 2023–2030 (USD Million)
43. UAE Tyre Inflators Market, By Type, 2023–2030 (USD Million)
44. UAE Tyre Inflators Market, By Application, 2023–2030 (USD Million)
45. South Africa Tyre Inflators Market, By Type, 2023–2030 (USD Million)
46. South Africa Tyre Inflators Market, By Application, 2023–2030 (USD Million)

List of Figures 

1. Global Tyre Inflators Market Segmentation
2. Tyre Inflators Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Tyre Inflators Market Attractiveness Analysis By Type
9. Global Tyre Inflators Market Attractiveness Analysis By Application
10. Global Tyre Inflators Market Attractiveness Analysis By Region
11. Global Tyre Inflators Market: Dynamics
12. Global Tyre Inflators Market Share By Type (2023 & 2030)
13. Global Tyre Inflators Market Share By Application (2023 & 2030)
14. Global Tyre Inflators Market Share by Regions (2023 & 2030)
15. Global Tyre Inflators Market Share by Company (2021)