Global Market: Introduction
Growing awareness about the advantages of nitrogen inflations is expected to result in a substantial rise in demand for nitrogen tire inflators in the upcoming years.
Rising adoption of nitrogen tire inflators for passenger cars and light trucks is further boosting the growth of the nitrogen tire inflators market.
The nitrogen tire inflators market is witnessing healthy growth with the recent developments in the tire industry as well. This is encouraging manufacturers and distributors active in the nitrogen tire inflators market to introduce a variety of products and provide consumers with a vast selection of offerings.
In addition, leading suppliers of nitrogen tire inflators across the world are touting the effectiveness of their nitrogen generation systems to improve the sales of nitrogen tire inflators across the world.
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Growth of the Tire Industry to Influence the Nitrogen Tire Inflators Market
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.
Also, increasing concerns about drivers’ safety are encouraging manufacturers to make improvements in various factors such as traction of tires and wear resistance.
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Market: Key Participants :-
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.
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