This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Wheel and Tire Service Equipment Market

Wheel and Tire Service Equipment Market

Wheel and Tire Service Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Wheel and Tire Service Equipment Market
FACT468MR
  • Feb-2018
  • List of Tables : 101
  • List of Figures : 81
  • 170 Pages
  • Automotive

Introduction

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.

global wheel and tire service equipment market

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.

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)
  • Guangzhou Jingjia Auto Equipment Co., Ltd.

Avail customized purchase options for your needs

Market Taxonomy

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Vehicle Type
  • Two Wheelers
  • Light Vehicles
  • Heavy Vehicles
Garage Type
  • Automotive OEM Dealerships
  • Franchise Garage
  • Independent Garages
Equipment Type
  • Wheel alignment systems
  • Wheel balancers
  • Tire Inflator
  • Tire Changer

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Kyphoplasty Systems Market

Kyphoplasty Systems Market research report covers detailed information on Global Kyphoplasty Systems...

Cloud Managed Services Market

Cloud Managed Services Market is projected to reach nearly US$ 237 Bn in 2032. Managed infrastructur...

Adhesives Market

Adhesives market will register 5% CAGR to reach valuation of US$ 102.6 Billion by 2032. The construc...

Lung Preservation Systems Market

Lung Preservation Systems Market expects healthy growth by 2028. Rising awareness for lung transplan...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.