Technological advancements in nitrogen tire inflators are enhancing vehicle safety and driving market growth, influenced by global regulations and automotive demand.
With a mounting number of road fatalities and accidents across the world, concerns about vehicle safety and drivers’ safety are increasing among consumers. This is leading to an increasing number of consumers paying more attention towards the regular maintenance of their vehicles.
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.
Key questions answered in Nitrogen Tire Inflators Market Survey Report:
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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. Growing automotive demand in Europe is influencing the developments of the Europe tire industry. It accounted for the imports of worth € 10.9 billion and exports of worth € 10.2 billion in 2016.
Essential Takeaways from the Market Report
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The post Technological Advancements to Trigger the Trend of Product Innovation in Nitrogen Tire Inflators Market: Fact.MR Report appeared first on The Cloud Tribune.
The article discusses technological advancements in nitrogen tire inflators and their impact on market growth and vehicle safety.
UN and EU regulations are encouraging better tire performance standards, boosting demand for nitrogen tire inflators.
The market for nitrogen tire inflators is expected to grow significantly from 2021 to 2031 due to increased safety concerns.
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