Aging vehicles, growing annual mileage and retaining patterns in vehicle owners are creating recurring demand for advanced wheel and tire service equipment. Technological convergence has been scaling down large when and tire service equipment tools, enabling them to fit within automobiles. Equipment optimization has led toward the development of compact, sophisticated products integrated with sensor-based applications for diagnosing real-time service escalation requirements. Manufacturers are now focusing on acquiring proper balance in product mix and placement for meeting expectations in demand and maintaining a competitive advantage. Sonar-driven functions, optical imaging, and virtual reality systems are among high-tech features being implemented in the current wheel and tire service equipment, which in turn are likely to influence demand for these equipment. However, lower uptake of services associated with wheels and tires, and the trend of adoption of do-it-yourself equipment are likely to restrain demand for wheel and tire service equipment.
According to Fact.MR’s newly published report, the global market for wheel and tire service equipment market is expected to record an average 4.0% CAGR, in terms of value, between the period 2017 and 2026. More than 1,600 thousand units of wheel and tire service equipment are pegged to be sold around the world by 2026-end.
Market Taxonomy
|
Region |
Vehicle Type |
Garage Type |
Equipment Type |
|
North America |
Two Wheelers |
Automotive OEM Dealerships |
Wheel alignment systems |
|
Latin America |
Light Vehicles |
Franchise Garage |
Wheel balancers |
|
Europe |
Heavy Vehicles |
Independent Garages |
|
|
Japan |
|||
|
APEJ |
|||
|
MEA |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Wheel Alignment Systems among Equipment Type to Gain Lion’s Share of the Market
On the basis of equipment type, wheel alignment systems are likely to gain lion’s share of the market by 2026-end, in terms of value. This is mainly because of penetration of computerized wheel alignment systems, which are completely automatic, highly accurate, precise and quick in operation. In addition, manufacturers are focusing on the development of wheel alignment systems with properties such as protection in wheel clamping, user-friendly calibration and automatic self-check.
In terms of value, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative market for wheel and tire service equipment, mainly driven by the robust expansion of the automotive sector in the region. In addition, relatively less developed roadways in suburban as well as in various urban areas has led to higher prevalence of damage to vehicles in the region. Europe will also remain a lucrative region for the market growth on the back of rapid technological advancements in the region’s automotive industry.
Key Research Findings from Fact.MR’s Report
- Light vehicles and two wheelers will account for largest shares of the market, in terms of revenues
- Based on garage type, automotive OEM dealerships will continue to be dominant in the market, followed by franchise garage
Competition Tracking
Imperative assets of market players include brand image and penetration through state-of-the-art equipment. In addition, wheel and tire service equipment manufacturers are infusing relatively lower cost products for attracting smaller, price-sensitive garages. Key players identified by Fact.MR’s report include Arex Test Systems B.V., Robert Bosch GmbH, Aro Equipments Pvt. Ltd, Istobal S.A., Vehicle Service Group, Symach SRL, VisiCon Automatisierungstechnik GmbH, Snap-on Incorporated, Sarveshwari Technologies Limited (SARV), and Guangzhou Jingjia Auto Equipment Co., Ltd.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Surging average vehicle age has been triggering demand for maintenance and replacement of wheels and tires in automobiles, thereby creating demand for relevant service equipment. Growing awareness of consumers regarding vehicle safety and repair, surging OEM dealerships and increasing number of specialty wheel and tire shops are further supporting demand for wheel and tire service equipment. This Fact.MR report discusses key prospects for growth of global wheel and tire service equipment market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
Scope
The scope of the report is to analyze the global wheel and tire service equipment market for the period 2017-2026 and give readers an accurate, unbiased analysis. Wheel and tire service equipment manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Summary
The report begins with a concise summary of the global wheel and tire service equipment market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global wheel and tire service equipment market.
Overview
The next section is an overview of the global wheel and tire service equipment market. This includes the introduction to the market and a standard definition of the product – wheel and tire service equipment. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global wheel and tire service equipment market. Considering the interconnectedness of the wheel and tire service equipment market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global wheel and tire service equipment market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the broad scope of global wheel and tire service equipment market, the report includes a segment-wise analysis and forecast. The global wheel and tire service equipment market is segmented into equipment type, garage type, vehicle type, and region. Through this section, the report offers an in-depth country-wise forecast on every parameter associated with wheel and tire service equipment.
The concluding section of the report profiles companies operating in the global wheel and tire service equipment market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
1. Global Economic Outlook
2. Global Wheel and Tire Service Equipment Market - Executive Summary
2.1. Opportunity Assessment
2.2. Mega Trends
3. Global Wheel and Tire Service Equipment Market Overview
3.1. Introduction
3.1.1. Global Wheel and Tire Service Equipment Market Taxonomy
3.1.2. Global Wheel and Tire Service Equipment Market Definition
3.2. Global Wheel and Tire Service Equipment Market Size (US$ Mn), Volume (‘000 Units) and Forecast, 2012-2026
3.2.1. Global Wheel and Tire Service Equipment Market Y-o-Y Growth
3.3. Overall Automotive Repair and Maintenance Industry Analysis
3.4. Garage Equipment Industry Analysis
3.5. Global Wheel and Tire Service Equipment Market Dynamics
3.5.1 Market Drivers
3.5.2. Market Restraints
3.5.3. Market trends
3.5.3.1. Impact Analysis By Vehicle Type
3.5.3.2. Impact Analysis By Garage Type
3.5.3.3. Impact Analysis By Equipment Type
3.6. Supply Chain
3.7.Macro-Economic Factors
3.8. Cost Structure
3.9. Forecast Factors and Impact Analysis
3.10. PESTLE Analysis
3.11. Porter Analysis
3.12. PLC Analysis
3.13. Global Wheel and Tire Service Equipment Market Scenario forecast
3.13.1. Conservative Scenario
3.13.2. Likely Scenario
3.13.3. Optimistic Scenario
3.14. Service Provider List
3.15. Key Participants Market Presence (Intensity Map) By Region
3.16. Key Players Competition Matrix
3.17. Investment Feasibility Matrix
3.18. Wheel of Fortune
4. Pricing Point Analysis
4.1. Price Point Assessment by Region
4.2. Price Point Assessment by Vehicle Type
4.3. Price Forecast till 2026
4.4. Factors Influencing Pricing
5. Global Wheel and Tire Service Equipment Market Analysis and Forecast 2012-2026
5.1. Global Wheel and Tire Service Equipment Market Size and Forecast By Vehicle Type, 2012-2026
5.1.1. Two Wheelers Market Size and Forecast, 2012-2026
5.1.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.1.1.2. Market Share Comparison, By Region
5.1.1.3. Y-o-Y growth Comparison, By Region
5.1.2. Light Vehicles Market Size and Forecast, 2012-2026
5.1.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.1.2.2. Market Share Comparison, By Region
5.1.2.3. Y-o-Y growth Comparison, By Region
5.1.3. Heavy Vehicles Market Size and Forecast, 2012-2026
5.1.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.1.3.2. Market Share Comparison, By Region
5.1.3.3. Y-o-Y growth Comparison, By Region
5.2. Global Wheel and Tire Service Equipment Market Size and Forecast By Garage Type, 2012-2026
5.2.1. Automotive OEM Dealerships Market Size and Forecast, 2012-2026
5.2.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.2.1.2. Market Share Comparison, By Region
5.2.1.3. Y-o-Y growth Comparison, By Region
5.2.2. Franchise Garage Market Size and Forecast, 2012-2026
5.2.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.2.2.2. Market Share Comparison, By Region
5.2.2.3. Y-o-Y growth Comparison, By Region
5.2.3. Independent Garages Market Size and Forecast, 2012-2026
5.2.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.2.3.2. Market Share Comparison, By Region
5.2.3.3. Y-o-Y growth Comparison, By Region
5.3. Global Wheel and Tire Service Equipment Market Size and Forecast By Equipment Type, 2012-2026
5.3.1. Wheel alignment systems Market Size and Forecast, 2012-2026
5.3.1.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.3.1.2. Market Share Comparison, By Region
5.3.1.3. Y-o-Y growth Comparison, By Region
5.3.2. Wheel balancers Market Size and Forecast, 2012-2026
5.3.2.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.3.2.2. Market Share Comparison, By Region
5.3.2.3. Y-o-Y growth Comparison, By Region
5.3.3. Tire Inflator Market Size and Forecast, 2012-2026
5.3.3.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.3.3.2. Market Share Comparison, By Region
5.3.3.3. Y-o-Y growth Comparison, By Region
5.3.4. Tire Changer Market Size and Forecast, 2012-2026
5.3.4.1. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
5.3.4.2. Market Share Comparison, By Region
5.3.4.3. Y-o-Y growth Comparison, By Region
6. North America Wheel and Tire Service Equipment Market Size and Forecast, 2012-2026
6.1. North America Outlook
6.2. North America Parent Market Outlook
6.3. North America Target Market Outlook
6.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
6.4.1. US Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
6.4.2. Canada Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
6.5. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
6.6. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Garage Type
6.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Equipment Type
7. Latin America Wheel and Tire Service Equipment Market Size and Forecast, 2012-2026
7.1. Latin America Outlook
7.2. Latin America Parent Market Outlook
7.3. Latin America Target Market Outlook
7.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
7.4.1. Brazil Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
7.4.2. Mexico Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
7.4.3. Rest of Latin America Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
7.5. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
7.6. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Garage Type
7.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Equipment Type
8. Europe Wheel and Tire Service Equipment Market Size and Forecast, 2012-2026
8.1. Europe Outlook
8.2. Europe Parent Market Outlook
8.3. Europe Target Market Outlook
8.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
8.4.1. Germany Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
8.4.2. UK Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
8.4.3. France Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
8.4.4. Spain Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
8.4.5. Nordic Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
8.4.6. Rest of Europe Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
8.5. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
8.6. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Garage Type
8.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Equipment Type
9. Japan Wheel and Tire Service Equipment Market Size and Forecast, 2012-2026
9.1. Japan Outlook
9.2. Japan Parent Market Outlook
9.3. Japan Target Market Outlook
9.4. Revenue (US$ Mn) & Volume (‘000 Units), 2012-2026
9.5. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
9.6. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Garage Type
9.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Equipment Type
10. APEJ Wheel and Tire Service Equipment Market Size and Forecast, 2012-2026
10.1. APEJ Outlook
10.2. APEJ Parent Market Outlook
10.3. APEJ Target Market Outlook
10.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
10.4.1. China Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
10.4.2. India Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
10.4.3. Australia & New Zealand Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
10.4.4. ASEAN Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
10.4.5. Rest of APEJ Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
10.5. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
10.6. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Garage Type
10.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Equipment Type
11. MEA Wheel and Tire Service Equipment Market Size and Forecast, 2012-2026
11.1. MEA Outlook
11.2. MEA Parent Market Outlook
11.3. MEA Target Market Outlook
11.4. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
11.4.1. GCC Countries Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
11.4.2. South Africa Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
11.4.3. Turkey Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
11.4.4. North Africa Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
11.4.5. Rest of MEA Market Size and Forecast (US$ Mn & Volume ‘000 Units), 2012-2026
11.5. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
11.6. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Garage Type
11.7. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Equipment Type
12. Global Wheel and Tire Service Equipment Market Company Share, Competition Landscape and Company Profiles
12.1. Company Share Analysis
12.2. Competition Landscape
12.3. Competitive Scenario(Organized and Un-organized Players)
12.4. Company Profiles
12.4.1. Arex Test Systems B.V.
Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.2. Boston Garage Equipment Ltd
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.3. Robert Bosch GmbH
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.4. Continental AG
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.5. Aro Equipments Pvt. Ltd
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.6. LKQ Coatings Ltd.
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.7. Istobal S.A.
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.8. Con Air Equipments Private Limited
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.9. Vehicle Service Group
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.10. Gray Manufacturing Company, Inc.
- Overview
- Offering Portfolio
- Production Footprint
- Sales Footprint
- Channel Footprint
- Strategy Outlook
- Sales Strategy
- Channel Strategy
- Marketing Strategy
12.4.11. Symach SRL
12.4.12. Standard Tools and Equipment Co.
12.4.13. VisiCon Automatisierungstechnik GmbH
12.4.14. MAHA Mechanical Engineering Haldenwang GmbH & Co. KG
12.4.15. Snap-on Incorporated
12.4.16. Samvit Garage Equipments
12.4.17. Sarveshwari Technologies Limited (SARV)
12.4.18. Oil Lube Systems Pvt Ltd.
12.4.19. Guangzhou Jingjia Auto Equipment Co., Ltd.
12.4.20.Nussbaum Automotive Solutions Lp
13. Research Methodology
14. Disclaimer
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Wheel and Tire Service Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026