Market Size of Automotive Tire Inflator Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Tire Inflator Market Analysis
The Automotive Tire Inflator Market is expected to grow registering a CAGR of about 5% in the forecast period (2022-2027).
The new vehicle production and sales decreased in 2020 as the COVID-19 pandemic had a substantial short-term impact on the automotive industry. Additionally, because of the restrictions, car owners drove less, which prolonged trips for maintenance or tire replacement, increasing the risk of punctures and downtime.
Automakers across the globe are removing the spares from their vehicles to save money and reduce weight to increase efficiency in response to increasingly strict fuel economy rules which is the primary driver of the tire inflator market. About 25 pounds are taken out of the car when a spare tire is exchanged with an inflation kit. Additionally, some countries like India, have lifted the mandate of a spare tire which is also expected to aid the tire inflator market growth in the forecast period.
As majority of the vehicles, sold globally are in the Asia-Pacific region, it is the largest as well as the fastest growing market.
Automotive Tire Inflator Industry Segmentation
A tire inflator is a device that is intended to provide a quick, solution to drivers who experience a low tire pressure or a flat tire. This device inflates a tire with pressurized gas, providing enough pressure to allow the vehicle to be driven with ease. A tire inflator is also a part of many tire repair or puncture repair kits that can be bought as Aftermarket or at times are a standard fitment as OEM.
The Tire Inflator Market is segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), by Type (Fixed/Central Tire Inflator and Portable), by Sales Channel (OEM and Aftermarket), and by Geography (North America, Europe, Asia-Pacific and Rest of the World). The report offers market size and forecast for the Automotive Tire Inflator Market in value (USD million) for all the above-mentioned segmentation.
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Type | |
| Fixed/Central Tire Inflator | |
| Portable |
| By Sales Channel | |
| OEM | |
| Aftermarket |
| Geography | ||||||||
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Automotive Tire Inflator Market Size Summary
The Automotive Tire Inflator Market is poised for significant growth, driven by the increasing trend of automakers removing spare tires from vehicles to enhance fuel efficiency and reduce weight. This shift is largely in response to stringent fuel economy regulations and has been further supported by government initiatives in various countries, such as India, which have lifted the mandate for spare tires. As a result, the demand for tire inflators, which serve as a replacement for traditional spare tires, is expected to rise. The Asia-Pacific region, being the largest and fastest-growing market, is at the forefront of this trend, with a substantial share of global vehicle sales. The market is also witnessing a surge in the adoption of electric vehicles, which typically do not include spare tires, thereby boosting the demand for tire inflators.
The aftermarket segment of the Automotive Tire Inflator Market is anticipated to experience robust growth, fueled by the increasing sales of passenger cars and light commercial vehicles. As more car manufacturers eliminate spare tires, the need for tire repair kits, including inflators, is on the rise. This trend is further supported by the growing popularity of electric vehicles, which often do not come with spare tires. The market is characterized by fragmentation, with numerous regional and global players such as Robert Bosch GmbH, Dana Incorporated, and Stanley Black & Decker, Inc. entering the space. Innovations and new product launches, like those from Portronics, Fanttik, and Xiaomi, are contributing to the competitive landscape, offering advanced features and capabilities in tire inflators.
Automotive Tire Inflator Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Type
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2.2.1 Fixed/Central Tire Inflator
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2.2.2 Portable
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2.3 By Sales Channel
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2.3.1 OEM
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2.3.2 Aftermarket
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 Uinted Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle-East and Africa
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Automotive Tire Inflator Market Size FAQs
What is the current Automotive Tire Inflator Market size?
The Automotive Tire Inflator Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Automotive Tire Inflator Market?
Robert Bosch GmbH, FTL (IDEX Corporation), Dana Incorporated, Stanley Black & Decker, Inc and Michelin are the major companies operating in the Automotive Tire Inflator Market.
