Nitrogen Tire Inflators Market Projected to Witness Vigorous Expansion by 2028
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Increasing trends of maintaining fuel efficiency of automobiles are leading the focus of consumers towards the efficiency and inflation pressure of tires. Owing to the considerable benefits of nitrogen tire inflation, the nitrogen tire inflators market is expected to witness healthy growth in the upcoming years. Also, as tire inflated with nitrogen exhibit more traction and help to get more mileage per petrol tank. Attributing to the numerous advantages of inflating automotive tires with nitrogen, the number of dealers in the nitrogen tire inflators market has increased significantly. The consumer expectations of getting an access to nitrogen for inflating tires at any shop signifies the growth of the nitrogen tire inflators market.
According to WHO (the World Health Organization), over 1.25 million people succumb to death as a result of road accidents every year, and over 20-50 million people suffer minor or non-fatal injuries. The WHO predicts that road traffic crashes are likely to become the seventh leading cause of death in the world by the end of 2030. Taking into account the role played by unsafe vehicles in road accidents, various UN regulations and standards are boosting consumers and manufacturers to focus on tire performance parameters such as traction and inflation. Many countries in European Union have established their own tire standards to reduce road accidents caused due to unsafe vehicles. Various tire-related regulations imposed by government organizations are boosting the use of nitrogen inflators, driving the growth of the nitrogen tire inflators market.
AAA (the American Automobile Association, Inc.) recently stated that it receives over 4 million calls about flat tires each year. More than one-third of the 2015-vehicles do not have a spare tire. Despite the improvements in tire technologies and introduction to the tire pressure monitoring systems, AAA receives the same number of calls related to flat tires. As a result, AAA stated that the use of tire inflator kits may continue to substitute bulky spare tires in automobiles. Also, with the stringent regulations and needs to comply with fuel efficiency standards, automakers are boosting the use of nitrogen tire inflators. It is likely to accelerate the growth of the nitrogen tire inflators market in the upcoming years.
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As various technologies such as RFID (radio-frequency identification) and sensors are shaping the tire industry, the nitrogen tire inflators market is witnessing the adoption of advanced technologies. Innovative trends in the tire industry, such as the emergence of tubeless tires, are making a significant impact on the manufacturing strategies of market players in the nitrogen tire inflators market. MilKit, a leading tire manufacturing company, recently launched a portable tire inflator for tubeless tires, which are cheaper than air compressors. Milwaukee Electric Tool Corporation, another market player in the nitrogen tire inflators market, introduced a cordless tire inflator that can deliver faster, easier, and more accurate inflation. PCL, a leading manufacturer in the nitrogen tire inflators market, introduced a nitrogen generator with built-in inflator using the digital inflation technology. The company states that this generator and inflator unit can automatically inflate around four tires at the same time. The innovative products introduced in the nitrogen tire inflators market are likely to be influenced by the recent advancements in technologies.
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