Wheel and Tire Service Equipment Market

Wheel and Tire Service Equipment Market Study by Wheel Balancers, Wheel Alignment Systems, and Tire Inflators from 2023 to 2033

Analysis of Wheel and Tire Service Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

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Wheel and Tire Service Equipment Market Outlook (2023 to 2033)

The wheel and tire service equipment market is estimated to reach valuation of US$ 4,046.6 Million in 2023 and will top US$ 5,893.9 Million by 2033, growing with a CAGR of around 3.8% from 2023-2033.

The automotive repair and maintenance market was valued around US$ 685 billion in 2022. The use case of wheel and tire service equipment market in automotive repair and maintenance market is on the rise owing to higher spending on tire and wheel repair.

Report Attributes	Details
Wheel and Tire Service Equipment Market Size (2022A)	US$ 3,887.4 Million
Estimated Market Value (2023E)	US$ 4,046.6 Million
Forecast Market Value (2033F)	US$ 5,893.9 Million
Global Market Growth Rate (2023-2033)	3.8% CAGR
North America Market Share (2023)	17.7%
North America Market Value (2023)	US$ 716.4 million
Europe Market Share (2023)	30.2%
Europe Market Value (2023)	US$ 1,220.5 million
China Market Share (2023)	13.0%
China Market Value (2023)	US$ 524.7 million
Market Share of Top 3 Countries	35.8%
Key Companies Profiled	ARI-HETRA; ARO Equipments PVT LTD.; Automotive Specialty Equipment, Inc.; Hennessy Industries; Hofmann; Hunter Engineering Company; Jingjia Auto Equipment; John Bean; Martins Industries; National Auto Tools; Ravaglioli S.p.A; Sarveshwari Engineers; SPACE S.R.L.; Vehicle Service Group (Rotary Lift)

Sales Analysis of Wheel and Tire Service Equipment (2018 to 2021) Vs. Market Outlook (2023 to 2033)

Wheels and tires are not just necessary parts of a car/vehicle but also parts that improve the performance and style of the vehicle. They're among the simplest and most useful modifications an automobile enthusiast can make, whether for the track, the street, or the trail.

Around the world, the importance of performing timely preventative maintenance on cars, and light or heavy vehicles have increased significantly. The majority of people work to keep their cars in good condition. Daily commuters are paying more attention to keeping their cars maintained. All these factors will act as a driving factor for the growth of the market.

The automobile aftermarket is going through significant changes as a result of changing consumer expectations, accelerating technical advancements, and changes in the competitive landscape. These modifications will alter how consumers, automotive suppliers, and other aftermarket businesses perceive automobiles and related services.

Short Term (2023 Q1 to 2026): Increasing number of car sales and hence its maintenance services will aid wheel and tire service equipment market growth.
Medium Term (2026 to 2029): North America, East Asia and Europe is anticipated to witness comparatively high wheel and tire service equipment demand due to increasing demand automotive industry in the regions.
Long Term (2029 to 2033): Integrating new advanced technology for improving the efficiency and addition of advanced features of the product can open doors to new opportunities for the wheel and tire service equipment manufacturers.

From 2018 to 2022, the global market for wheel and tire service equipment registered a CAGR of 2.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 3.8% CAGR between 2023 and 2033.

What’s Driving High Demand for Wheel and Tire Service Equipment across Regions?

“Technological advancements in wheel and tire service equipment to propel the market”

Advance technology has significantly increased the demand for new vehicle adoption. The requirements for modern cars have also been satisfied by rising innovation and increased expenditure in research and development. A number of adjustments have also been made in the garage equipment sector to increase the durability and caliber of the products.

The development of newer, more effective garage equipment has also given training institutes new options. Sonar guidance capabilities, virtual reality systems, and optical imaging are among the high-tech features that should be implemented in the essential products of wheel and tire service equipment, which could impact demand for these devices.

Additionally, the increasing sales of wheel and tire-related services and a trend toward the adoption of do-it-yourself equipment should increase the demand for wheel and tire service equipment in the future.

“Mounting automotive industry to contribute to the sales of wheel and tire service equipment”

The automobile industry is witnessing a speedy recovery trend from the second quarter of 2021 onwards, and sales of new and used cars are showing remarkable growth in major countries around the world.

The price competitiveness of new entrants is a bright spot in the automotive industry, especially in the used car sector. The investment made by industry participants to establish dealer networks in the marketplace is one of the reasons for the increasing volume of new and used vehicle sales worldwide.

According to a survey, approximately 62% of vehicle loans were taken for the purchase of second-hand or used vehicles. The used vehicles are supposed to undergo several modifications that will enhance their efficiency and longevity of the vehicle. Hence, the demand for used vehicles will propel the market for wheel and tire service equipment.

What Do Wheel and Tire Service Equipment Manufacturers Need to Watch Out?

“Disruptions in the supply chain of raw material and components to hamper market”

The covid-19 pandemic has led to the rise of many issues in the supply chain of raw materials. The automotive industry and its sectors such as maintenance centers, and garages are highly affected due to such supply chain problems.

The shortage of components required for the manufacturing and maintenance of vehicles has affected the sales of the automobile industry. Also, the shortage of semiconductor chips is affecting the automotive industry which has a domino effect on the sales of wheel and tire service equipment.

Country Wise Analysis

How Japan Wheel and Tire Service Equipment Market will grow?

Modernizing existing repair facilities and independent garages, as well as rising car sales in nations of the East Asia region, are factors that are driving demand in the wheel and tire service equipment market.

Additionally, the market is expected to grow in the future as OEMs begin giving priority to the gathering of data on improving vehicle performance, which increases the need for appropriate equipment for the maintenance of vehicles.

The average monthly maintenance expenditures for private passenger cars in Japan were reported to be around US$ 95 in June 2022, which demonstrated a slight increase from roughly US$ 88 in 2021.

On the basis of the previously described factors and trends, it is anticipated that Japan will offer a variety of opportunities for revenue generation for the market players. Japan will capture a market share of 26.3% in the East Asia region in 2023.

How Market for Wheel and Tire Service Equipment is Estimated to Rise in U.S.?

The United States is home to a large automotive industry, making it an important market for wheel and tire service equipment in North America. According to Fact.MR analysis, the North American wheel, and tire service equipment market is expected to expand at a CAGR of 3.7% in the forecast period and the U.S. is expected to achieve a valuation of US$ 656.5 million in 2023.

Living spaces such as villas, bungalows, and single-family homes in the U.S. have built-in personal garages. This has increased the demand for basic garage equipment such as wheel balancers, tire changers, wheel alignment systems, etc.

It is estimated that the market will grow rapidly in all developed economies like the U.S. in the near future as people around the world increasingly prefer smooth and comfortable driving experience.

Analyzing the current scenario, it is estimated that the residents of the U.S. will be more inclined to maintain their vehicles properly due to their higher standard of living and higher disposable income, which will increase the demand for wheel and tire service equipment in the country.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category wise Insights

How Increased Demand for Wheel Alignment System Will Contribute to Rise in the Market?

The wheel alignment system is an important segment that will lead to the proper servicing of the vehicles. This system should have minimal set-up time and should be quick, which provides accurate results when aligning today's complex tire and wheel combinations.

The most advanced computer-aided alignment systems include high-resolution cameras that quickly and easily measure the position and alignment of the required targets mounted on each wheel. These machines can instantly invoke OE-specific alignment procedures.

An accurate and efficient wheel alignment system features 3D technology that increases efficiency, impresses customers and drives repeat business. Therefore, the market for wheel alignment systems is poised to rise and capture a revenue share of 81.8% in 2023.

Which Type of Garage Type is Expected to Grow during the Forecast Period?

On the basis of workshop types, the wheel and tire service equipment market is segmented into automotive OEM dealers, franchise, and independent garages. According to Fact.MR analysis, the automotive OEM dealer segment will account for 26.3% revenue share of the global market in 2023.

The automotive OEM dealer segment also has higher chances of growth in the coming years as independent garage owners are unlikely to be able to maintain and afford advanced and quality maintenance systems for luxury vehicles.

Currently, independent garages hold the maximum share in the garage-type segment. Many vehicle owners prefer this option because of its cost-effectiveness and also the use of quality equipment for the maintenance of the vehicles. The independent garage sub-segment is expected to enjoy a valuation of US$ 1,968.7 million in 2023.

Competitive Landscape

Fact.MR profiled the following top companies in wheel and tire service equipment market in its report. Those companies are ARI-HETRA, ARO Equipments PVT LTD., Automotive Specialty Equipment, Inc. , Hennessy Industries, Hofmann, Hunter Engineering Company, Jingjia Auto Equipment, John Bean, Martins Industries, National Auto Tools, Ravaglioli S.p.A, Sarveshwari Engineers, SPACE S.R.L., Vehicle Service Group (Rotary Lift).

Manufacturers of automobiles and automotive components and equipment are putting more emphasis on new product development initiatives to increase their customer base in response to the rising demand for automobiles globally. Furthermore, manufacturers are expanding their product ranges and raising the quality of their products due to the emerging sector of electric vehicles.

Manufacturers are now focused on achieving the right balance of product mix and placement to meet demand expectations and maintain competitive advantage.

Fact.MR has provided detailed information about the price points of key manufacturers of wheel and tire service equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Wheel and Tire Service Equipment Industry Research

By Equipment Type :
- Wheel alignment systems
- Wheel balancers
- Tire Inflator
- Tire Changer
By Vehicle Type :
- Two Wheelers
- Passenger Vehicle
  - Mid-Size & Compact
  - Luxury & Premium
  - SUVs
- Commercial Vehicle
  - LCV
  - HCV
  - Coaches & Buses
By Garage Type :
- Automotive OEM Dealerships
- Franchise Garage
- Independent Garages
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- Middle East & Africa

Table of Content

1. Market - Executive Summary
2. Market Overview
3. Market Background and Foundation Data
4. Global Demand (Units) Analysis and Forecast
5. Global Market - Pricing Analysis
6. Global Market Value (US$ million) Analysis and Forecast
7. Global Market Analysis and Forecast, By Equipment Type
- 7.1. Wheel alignment systems
- 7.2. Wheel balancers
- 7.3. Tire Inflator
- 7.4. Tire Changer
8. Global Market Analysis and Forecast, By Vehicle Type
- 8.1. Two Wheelers
- 8.2. Passenger Vehicle
  - 8.2.1. Mid-Size & Compact
  - 8.2.2. Luxury & Premium
  - 8.2.3. SUVs
- 8.3. Commercial Vehicle
  - 8.3.1. LCV
  - 8.3.2. HCV
  - 8.3.3. Coaches & Buses
9. Global Market Analysis and Forecast, By Garage Type
- 9.1. Automotive OEM Dealerships
- 9.2. Franchise Garage
- 9.3. Independent Garages
10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia & Oceania
- 10.6. Middle East & Africa
11. North America Market Analysis and Forecast
12. Latin America Market Analysis and Forecast
13. Europe Market Analysis and Forecast
14. East Asia Market Analysis and Forecast
15. South Asia & Oceania Market Analysis and Forecast
16. Middle East & Africa Market Analysis and Forecast
17. Country-level Market Analysis and Forecast
18. Market Structure Analysis
19. Competition Analysis
- 19.1. Arex Test Systems B.V.
- 19.2. Robert Bosch GmbH
- 19.3. Aro Equipments Pvt. Ltd
- 19.4. Istobal S.A.
- 19.5. Vehicle Service Group
- 19.6. Symach SRL
- 19.7. VisiCon Automatisierungstechnik GmbH
- 19.8. Snap-on Incorporated
- 19.9. Sarveshwari Technologies Limited (SARV)
- 19.10. Guangzhou Jingjia Auto Equipment Co., Ltd.
20. Assumptions & Acronyms Used
21. Research Methodology

List Of Table

Table 01. Global Market Value (US$ million) and Historic by Region, 2018 to 2022

Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033

Table 03. Global Market Volume (Units) and Historic by Region, 2018 to 2022

Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033

Table 05. Global Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 06. Global Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 07. Global Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 08. Global Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 09. Global Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 10. Global Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 11. Global Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 12. Global Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 13. Global Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 14. Global Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 15. Global Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 16. Global Market Volume (Units) and Forecast By Garage Type, 2023 to 2033

Table 17. North America Market Value (US$ million) and Historic by Country, 2018 to 2022

Table 18. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033

Table 19. North America Market Volume (Units) and Historic by Country, 2018 to 2022

Table 20. North America Market Volume (Units) and Forecast by Country, 2023 to 2033

Table 21. North America Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 22. North America Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 23. North America Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 24. North America Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 25. North America Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 26. North America Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 27. North America Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 28. North America Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 29. North America Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 30. North America Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 31. North America Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 32. North America Market Volume (Units) and Forecast By Garage Type, 2023 to 2033

Table 33. Latin America Market Value (US$ million) and Historic by Country, 2018 to 2022

Table 34. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033

Table 35. Latin America Market Volume (Units) and Historic by Country, 2018 to 2022

Table 36. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033

Table 37. Latin America Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 38. Latin America Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 39. Latin America Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 40. Latin America Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 41. Latin America Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 42. Latin America Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 43. Latin America Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 44. Latin America Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 45. Latin America Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 46. Latin America Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 47. Latin America Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 48. Latin America Market Volume (Units) and Forecast By Garage Type, 2023 to 2033

Table 49. Europe Market Value (US$ million) and Historic by Country, 2018 to 2022

Table 50. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033

Table 51. Europe Market Volume (Units) and Historic by Country, 2018 to 2022

Table 52. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033

Table 53. Europe Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 54. Europe Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 55. Europe Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 56. Europe Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 57. Europe Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 58. Europe Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 59. Europe Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 60. Europe Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 61. Europe Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 62. Europe Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 63. Europe Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 64. Europe Market Volume (Units) and Forecast By Garage Type, 2023 to 2033

Table 65. East Asia Market Value (US$ million) and Historic by Country, 2018 to 2022

Table 66. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033

Table 67. East Asia Market Volume (Units) and Historic by Country, 2018 to 2022

Table 68. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033

Table 69. East Asia Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 70. East Asia Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 71. East Asia Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 72. East Asia Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 73. East Asia Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 74. East Asia Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 75. East Asia Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 76. East Asia Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 77. East Asia Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 78. East Asia Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 79. East Asia Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 80. East Asia Market Volume (Units) and Forecast By Garage Type, 2023 to 2033

Table 81. South Asia & Oceania Market Value (US$ million) and Historic by Country, 2018 to 2022

Table 82. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033

Table 83. South Asia & Oceania Market Volume (Units) and Historic by Country, 2018 to 2022

Table 84. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023 to 2033

Table 85. South Asia & Oceania Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 86. South Asia & Oceania Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 87. South Asia & Oceania Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 88. South Asia & Oceania Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 89. South Asia & Oceania Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 90. South Asia & Oceania Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 91. South Asia & Oceania Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 92. South Asia & Oceania Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 93. South Asia & Oceania Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 94. South Asia & Oceania Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 95. South Asia & Oceania Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 96. South Asia & Oceania Market Volume (Units) and Forecast By Garage Type, 2023 to 2033

Table 97. MEA Market Value (US$ million) and Historic by Country, 2018 to 2022

Table 98. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033

Table 99. MEA Market Volume (Units) and Historic by Country, 2018 to 2022

Table 100. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033

Table 101. MEA Market Value (US$ million) and Historic By Equipment Type, 2018 to 2022

Table 102. MEA Market Value (US$ million) and Forecast By Equipment Type, 2023 to 2033

Table 103. MEA Market Volume (Units) and Historic By Equipment Type, 2018 to 2022

Table 104. MEA Market Volume (Units) and Forecast By Equipment Type, 2023 to 2033

Table 105. MEA Market Value (US$ million) and Historic By Vehicle Type, 2018 to 2022

Table 106. MEA Market Value (US$ million) and Forecast By Vehicle Type, 2023 to 2033

Table 107. MEA Market Volume (Units) and Historic By Vehicle Type, 2018 to 2022

Table 108. MEA Market Volume (Units) and Forecast By Vehicle Type, 2023 to 2033

Table 109. MEA Market Value (US$ million) and Historic By Garage Type, 2018 to 2022

Table 110. MEA Market Value (US$ million) and Forecast By Garage Type, 2023 to 2033

Table 111. MEA Market Volume (Units) and Historic By Garage Type, 2018 to 2022

Table 112. MEA Market Volume (Units) and Forecast By Garage Type, 2023 to 2033