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 |
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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.
