Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Aug 2025 about savings, personal, rate, and USA.

Household Saving Rate in the United States decreased to 4.60 percent in August from 4.80 percent in July of 2025. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Personal Saving (PSAVE) from Q1 1947 to Q2 2025 about savings, personal, GDP, and USA.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

Nitrogen Inflation Cart Market Outlook

According to our latest research, the global Nitrogen Inflation Cart market size reached USD 325 million in 2024, demonstrating robust growth driven by increasing demand for tire safety and efficiency across diverse sectors. The market is projected to expand at a CAGR of 6.2% from 2025 to 2033, reaching a forecasted value of USD 563 million by 2033. Key growth factors include the rising adoption of nitrogen inflation technology in aviation, automotive, and industrial applications, as well as increased emphasis on operational safety and cost-effectiveness.

The primary growth driver for the Nitrogen Inflation Cart market is the escalating focus on tire safety and longevity, particularly in sectors where tire failure can result in significant operational and financial losses. Nitrogen, being less reactive than oxygen, minimizes oxidation and moisture inside tires, reducing the risk of blowouts and extending tire lifespan. This has led to widespread adoption in the aviation industry, where reliability is paramount, as well as in commercial fleets and military vehicles that operate under rigorous conditions. Furthermore, regulatory bodies across regions are increasingly recommending or mandating nitrogen inflation in critical applications, further propelling market growth.

Another significant growth factor is the continuous technological advancement in nitrogen inflation carts. Manufacturers are investing in the development of advanced, user-friendly, and highly efficient carts with features such as digital control panels, automated inflation systems, and enhanced mobility. These innovations are making nitrogen inflation carts more accessible to a broader range of end-users, including small and medium enterprises. Additionally, the integration of IoT and remote monitoring technologies is enabling predictive maintenance and real-time performance tracking, which is particularly valuable in industrial and military settings where downtime can be costly.

The market is also benefiting from the expanding footprint of the automotive and aviation industries globally, especially in emerging economies. As air travel and vehicle ownership rates rise in regions such as Asia Pacific and Latin America, the demand for reliable tire inflation solutions is surging. The industrial sector, including mining and heavy equipment, is also contributing to market expansion due to the need for enhanced safety and operational efficiency. The growing trend towards sustainability and cost savings is encouraging organizations to invest in nitrogen inflation technology, which offers long-term benefits in terms of fuel efficiency and reduced tire replacement costs.

From a regional perspective, North America currently dominates the Nitrogen Inflation Cart market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. North America’s leadership is attributed to the presence of major aviation and automotive industries, stringent safety regulations, and a high level of technological adoption. Meanwhile, Asia Pacific is emerging as the fastest-growing region, driven by rapid industrialization, infrastructure development, and increasing investments in aviation and automotive sectors. Latin America and the Middle East & Africa also present significant growth opportunities, fueled by expanding transportation networks and rising awareness about tire safety.

Product Type Analysis

The Nitrogen Inflation Cart market is segmented by product type into Single Tire Inflation Carts, Dual Tire Inflation Carts, and Multi-Tire Inflation Carts. Single Tire Inflation Carts are widely used in smaller workshops, garages, and service centers due to their compact size, ease of operation, and affordability. These carts are ideal for applications requiring the inflation of individual tires, such as in small automotive repair shops and for personal vehicles. Their portability and simplicity make them a preferred choice for businesses with limited space and budget const

Many consumers in the Untied States are looking for ways to reduce their food spending. As of December 2023, the most popular strategy to save money on food was to try and reduce the amount of food wasted at home. About a quarter of consumers also attempt to save while shopping, by buying lower-cost ingredients or cheaper cuts of meat.

The average inflation rate of Czechia was forecast to reach 10.66 percent in 2023. This would mean a decrease of 4.44 percent compared to the previous year. However, inflation was forecast to decrease continuously between 2024 and 2030 by 14.3 percentage points. The average inflation rate is estimated to amount to two percent in 2030.This indicator measures inflation based on the year-on-year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent. Food inflation The high inflation rate increase in 2022 was partly due to the economic and energy crisis accompanied by the war in Ukraine. Food was one of the sectors hit the most by the sudden price increase in Czechia, with inflation rising to as high as 26 percent. That is over eight percentage points more than the food inflation peak in the European Union at that time. The food prices were higher than in Poland, which became a shopping destination for many Czechs, and, in some cases, they even topped the grocery prices in Germany. Inflation in other areas In 2022, the inflation rate of housing, water, energy, and fuel has risen even faster than that of food. So did transportation prices which, however, started decreasing significantly in the second half of 2022 already. With the combination of high housing, water, energy, and fuel prices and increased food inflation, restaurants' prices peaked that year. Due to this economic development, most people had a savings account or private pension insurance set up as anti-inflationary instruments by the end of 2022.

Tire Pressure Inflation System for Trailers Market Outlook

According to our latest research, the global Tire Pressure Inflation System for Trailers market size reached USD 1.14 billion in 2024, with a robust Compound Annual Growth Rate (CAGR) of 8.2% projected during the forecast period. By 2033, the market is expected to attain a value of USD 2.27 billion, driven by increasing adoption of advanced safety systems, strict regulatory mandates on tire pressure monitoring, and a growing emphasis on operational efficiency across commercial, industrial, and agricultural transportation sectors. This growth trajectory underscores the rising importance of tire pressure management solutions for trailers globally, as fleets and operators prioritize safety, cost savings, and sustainability.

The market’s strong growth is primarily fueled by the increasing awareness among fleet operators and logistics providers about the crucial role of correct tire pressure in ensuring road safety, reducing tire wear, and enhancing fuel efficiency. Tire Pressure Inflation Systems (TPIS) for trailers have become integral to modern fleet management, as under-inflated or over-inflated tires can lead to accidents, breakdowns, and increased operational costs. The proliferation of connected vehicles and smart fleet technologies has further accelerated the adoption of automated and intelligent tire inflation systems, which enable real-time monitoring, remote diagnostics, and proactive maintenance. As commercial transportation networks expand globally, especially in emerging economies, the demand for advanced TPIS solutions is set to rise significantly.

Another key growth driver is the evolving regulatory landscape, with governments and transportation authorities in North America, Europe, and parts of Asia Pacific mandating the use of tire pressure monitoring and inflation systems to enhance road safety and reduce carbon emissions. These regulations not only compel original equipment manufacturers (OEMs) and fleet operators to install TPIS in new and existing trailers but also foster innovation in system design, integration, and functionality. Technological advancements, such as the integration of Internet of Things (IoT), wireless connectivity, and data analytics, are enabling the development of next-generation tire inflation systems that offer predictive maintenance, automated alerts, and seamless integration with fleet management platforms.

The market is also benefitting from the increasing focus on sustainability and cost optimization within the transportation and logistics sector. Fleet operators are under constant pressure to minimize operational expenses, including fuel consumption and tire replacement costs, while adhering to environmental regulations. Tire Pressure Inflation Systems for trailers play a pivotal role in achieving these objectives by maintaining optimal tire pressure, thereby reducing rolling resistance, improving fuel economy, and extending tire lifespan. This not only leads to direct cost savings but also supports broader sustainability goals by lowering greenhouse gas emissions and conserving resources. As the global supply chain becomes more interconnected and competitive, the strategic adoption of TPIS solutions is emerging as a key differentiator for fleet operators and logistics providers.

Regionally, North America continues to dominate the Tire Pressure Inflation System for Trailers market, supported by a mature transportation infrastructure, stringent safety regulations, and high penetration of advanced vehicle technologies. Europe follows closely, driven by robust regulatory frameworks and a strong emphasis on road safety and environmental sustainability. The Asia Pacific region is witnessing rapid growth, fueled by expanding logistics networks, increasing investments in transportation infrastructure, and rising awareness about the benefits of TPIS. Latin America and the Middle East & Africa are also showing steady progress, albeit at a slower pace, as fleet modernization and regulatory enforcement gather momentum. Overall, the global market is poised for sustained expansion, with significant opportunities for innovation and value creation across regions and industry verticals.

Product Type Analysis

The Product Type segment of the Tire Pressure Inflation System for Trailers market is categorized into Central Tire Inflation System (CTIS), Automatic Tire Inflation System (ATIS), and Passi

Tire Pressure Inflation System for Trailers Market Outlook

According to our latest research, the global tire pressure inflation system for trailers market size reached USD 1.87 billion in 2024, driven by growing demand for enhanced road safety, operational efficiency, and fuel savings in the logistics and transportation sector. The market is experiencing strong momentum, registering a CAGR of 9.3% from 2025 to 2033. By 2033, the market is forecasted to attain a value of USD 4.12 billion. This robust growth is attributed to the increasing adoption of advanced automation technologies in trailers, stringent regulatory standards regarding tire safety, and a rising emphasis on fleet management optimization.

One of the most significant growth factors for the tire pressure inflation system for trailers market is the escalating focus on vehicle safety and regulatory compliance. Governments and transport authorities worldwide are implementing stricter regulations concerning tire maintenance and pressure monitoring to reduce road accidents caused by underinflated or overinflated tires. Such regulations are particularly prominent in North America and Europe, where commercial transport plays a pivotal role in economic activities. Fleet operators are increasingly investing in tire pressure inflation systems to ensure compliance, minimize downtime, and reduce liability risks. Additionally, insurance companies are offering incentives for fleets equipped with these systems, further accelerating adoption across the logistics industry.

Another key driver is the rising awareness of the substantial cost savings associated with maintaining optimal tire pressure. Properly inflated tires lead to improved fuel efficiency, reduced tire wear, and extended tire life, which collectively contribute to lower operational costs for fleet operators. With the global transportation sector facing mounting pressure to reduce greenhouse gas emissions and improve sustainability, tire pressure inflation systems are emerging as a critical solution. These systems not only enhance vehicle performance but also support broader environmental goals by decreasing fuel consumption and carbon emissions. As the industry continues to prioritize cost efficiency and sustainability, the adoption of advanced tire pressure management technologies is expected to accelerate further.

Technological advancements have also played a crucial role in propelling the tire pressure inflation system for trailers market forward. Modern systems are now equipped with real-time monitoring capabilities, advanced sensors, and connectivity features that allow for seamless integration with fleet management platforms. The proliferation of telematics and IoT solutions in the transportation sector has made it easier for fleet operators to monitor tire conditions remotely and receive instant alerts in case of anomalies. This not only improves safety but also enables predictive maintenance, reducing the likelihood of unexpected breakdowns and costly repairs. As digital transformation continues to reshape the logistics landscape, the demand for intelligent and connected tire pressure inflation systems is set to rise significantly.

Regionally, North America remains the largest market for tire pressure inflation systems for trailers, accounting for a substantial share of global revenues. This dominance is attributed to the region's extensive commercial transportation network, high adoption of advanced vehicle technologies, and stringent regulatory framework. Europe follows closely, supported by robust infrastructure, growing logistics activities, and increasing focus on road safety. Meanwhile, the Asia Pacific region is witnessing the fastest growth, fueled by rapid industrialization, expanding e-commerce sector, and rising investments in transportation infrastructure. These regional dynamics are expected to shape the competitive landscape and growth trajectory of the market over the forecast period.

Product Type Analysis

The tire pressure inflation system

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2024, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates in an effort to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

The benchmark interest rate in the United Kingdom was last recorded at 4 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Portable Tire Inflators Market Outlook

The global portable tire inflators market size is projected to reach $3.5 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032. The market in 2023 stands at approximately $2.1 billion. Growth in this market is being driven by increasing consumer demand for convenience and safety on the road, coupled with advancements in inflation technology and increasing adoption of electric vehicles. The rising awareness about vehicle maintenance and safety among consumers is also a significant growth factor propelling the portable tire inflators market.

The increasing preference for self-reliance among vehicle owners is a major growth driver for this market. Consumers are becoming more inclined to handle minor vehicle maintenance tasks themselves, thereby avoiding the inconvenience and expense of professional services. Portable tire inflators offer a practical solution for managing tire pressure, which is crucial for vehicle safety and efficiency. This trend is particularly pronounced among younger generations who value both cost savings and the convenience of do-it-yourself (DIY) solutions.

Another critical growth factor is the rapid advancements in inflation technology. Modern portable tire inflators are equipped with digital displays, automatic shut-off features, and multiple power source options, enhancing their usability and efficiency. These innovations make it easier for users to maintain accurate tire pressure with minimal effort. Additionally, the development of more compact and lightweight models has made these devices highly portable, thus appealing to a broader range of consumers, including those with limited storage space in their vehicles.

Furthermore, the increasing adoption of electric vehicles (EVs) is contributing to the growth of the portable tire inflators market. EVs often come with advanced tire monitoring systems that alert drivers to inflation issues, making a portable tire inflator a valuable accessory. As the global shift towards sustainable transportation continues, the demand for ancillary products that support the maintenance of EVs is expected to rise. This trend is further supported by government initiatives promoting electric vehicle adoption and infrastructure development, thereby creating a conducive environment for market growth.

The advent of the Rapid Inflator technology has revolutionized the way consumers approach tire maintenance. This cutting-edge technology allows for quicker inflation times, reducing the wait and enhancing convenience for users. Rapid Inflators are designed to provide precise pressure readings and faster inflation, which is particularly beneficial for those who frequently travel or need immediate solutions. As consumers increasingly prioritize efficiency and time-saving solutions, the demand for Rapid Inflators is expected to surge. This innovation not only caters to the needs of traditional vehicle owners but also aligns with the growing trend of electric vehicle adoption, where rapid and efficient maintenance solutions are crucial. The integration of Rapid Inflator technology into portable tire inflators is a testament to the industry's commitment to enhancing user experience and safety.

Regionally, the portable tire inflators market is witnessing significant growth across various geographies. North America and Europe are leading the market due to high vehicle ownership rates and the presence of advanced automotive infrastructure. Meanwhile, the Asia Pacific region is emerging as a lucrative market owing to the rapid growth of the automotive industry and increasing consumer awareness about vehicle maintenance. Latin America and the Middle East & Africa are also showing steady growth, driven by improving economic conditions and rising disposable incomes.

Product Type Analysis

The portable tire inflators market is segmented by product type into corded and cordless models. Corded tire inflators are typically more powerful and reliable, making them ideal for regular and heavy-duty use. These models are often preferred by commercial vehicle operators and professional mechanics due to their consistent performance and ability to handle high-pressure requirements. Corded inflators usually draw power from the vehicleÂ’s battery or a wall outlet, providing a steady and uninterrupted power supply. This segment is anticipated to maintain a significant market share due to its reliability and effectiveness.

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The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Pakistan was last recorded at 11 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.