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Tire Inflating Machine Market: Dynamics
Increasing vehicle production as well as vehicle fleet is expected to drive the growth of the global tire inflating machine market during the stipulated time period. Additionally, governmental regulations pertaining to designing and development of tire inflating machine are also expected to contribute to the growth of the tire inflating machine market. For instance, regulations such as SAE and IP-65 are mandated by government for design and capacity of tire inflating machine. Furthermore, impressive features of tire inflating machines such as reduction in fuel consumption, oxidation elimination, better tire pressure retention, enhanced safety, extended tire life, enhanced retread ability and robust casings and better vehicle traction on the road & reliability are the other factors projected to boost the adoption of tire inflating machine as well as drive the growth of the tire inflating machine market during the forecast period.
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Digital tire inflating machine and automatically operated tire inflating machine are require high initial investment and also require high quality hoses, pressure sensor, nozzles and continuous power supply. These factor are anticipated to hinder the growth of the tire inflating machine market over the forecast period. In electric vehicles, a pressure sensor unit is already installed for maintaining the tire’s pressure. However, the demand for tire inflating machine in service stations and workshops is high.
Industry leaders are robustly focused on digital air gauge, LED illuminate globe light, slim compact design and easy access clean out for increasing the accuracy of the tire inflator. Moreover, manufacturers are also focused on providing remote operated tire inflating machines in order to increase the accuracy and efficiency of the machine and reducing the electricity consumption.
Tire Inflating Machine Market: Regional Outlook
Western Europe is projected to dominate in the tire inflating machine market owing rising vehicle production and increasing vehicle fleet. Germany is estimated to account for noteworthy value share in the market as Germany is considered as the automotive hub. North America is expected to have second large share of the global tire inflating machine market due to increasing demand for passenger and luxury cars. Asia Pacific is projected to grow at an addressable pace in the global market during the forecast period owing to increasing demand for lightweight commercial vehicles, two wheeler and passenger vehicles. In Eastern Europe, the rising demand for commercial vehicles is expected to boost the sale of tire inflating machines by the end of 2028. The Middle East and Africa is anticipated to grow with relatively sluggish growth rate owing to lack of manufacturing and production facilities of automotive vehicles in in GCC countries.
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Tire Inflating Machine Market: Key Participant
Examples of some of the key participants in the tire inflating machine market identified across the value chain are:
- Pneumatic Components Limited (PCL)
- INSTRUMENT RESEARCH ASSOCIATES PVT. LTD.
- Sunrise Instruments Private Limited
- TECALEMIT Inc.
- PARKER HANNIFIN CORP
- SHYR CHIUANN MACHINERY INDUSTRY CO., LTD.
- Branick Industries, Inc.
- Manatec Electronics Private Limited
- ti.systems GmbH
- SEIB Industrie GmbH
On the basis of filling gas, the tire inflating machine market can be segmented as:
- Air tire inflating machine
- Nitrogen tire inflating machine
- Nitrogen and gas tire inflating machine
- Others
On the basis of display type, the tire inflating machine market can be segmented as:
- Digital tire inflating machine
- Analog tire inflating machine
On the basis of operation type, the tire inflating machine market can be segmented as:
- Manually operated tire Inflating machine
- Automatically operated tire inflating machine
On the basis of application, the tire inflating machine market can be segment as:
- Service Station
- Petrol & Diesel Retail Outlets
- Tire Shops
- Transport Companies
- Others
On the basis of sales channel, the tire inflating machine market can be segmented as:
- OEM
- Aftermarket
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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