Post the great recession, the automotive industry has witnessed some positive changes with the growing production and sales of automobiles. Increasing demand for personal cars and other types of automobiles is creating ample of opportunities for tire manufacturers for realizing production efficiencies and automotive safety. Capitalizing on the increasing automotive production, tire manufacturers in the world are investing in technologies to improve performance parameters of tires they manufacture.
The Market Research Survey of Nitrogen Tire Inflators by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand and growth. Sales Outlook of Nitrogen Tire Inflators as per the Market Research Survey is fairly positive and expected to register higher market growth during forecast period 2021 -2031. The market survey report also provides latest industry analysis on Nitrogen Tire Inflators with key analysis of Nitrogen Tire Inflators market drivers, trends, and influencing factors.
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Severity of Tire-related Accidents and Removal of Spare Tires Will Encourage the Use of Nitrogen Tire Inflators
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.
Key questions answered in Nitrogen Tire Inflators Market Survey Report:
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Technological Advancements to Trigger the Trend of Product Innovation in Nitrogen Tire Inflators Market
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.
Essential Takeaways from the Market Report
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