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CCD Wheel Aligners Market

CCD Wheel Aligners Market

CCD Wheel Aligners Market Analysis Report By Product Type (6-Camera, 8-Camera), By Vehicle Type (Road Vehicles, Off-Road Vehicles), By Application (Garage, Auto Manufacturers, Tire Manufacturers), By Region - Global Insights 2022 to 2032

CCD Wheel Aligners Market
FACT528MR
  • Jan-2022
  • List of Tables : 128
  • List of Figures : 204
  • 170 Pages
  • Industrial Goods

Global CCD Wheel Aligners Market Snapshot

The global CCD wheel aligners market is estimated at USD 3.6 Billion in 2022 and is forecast to surpass USD 5.7 Billion by 2032, growing at a CAGR of 4.7% during 2022-2032.

Report Attributes

Details

Base Year Value (2021A)

USD 3.4 Billion

Estimated Year Value (2022E)

USD 3.6 Billion

Projected Year Value (2032F)

USD 5.7 Billion

Global Growth Rate (2022-2032)

CAGR 4.7%

Europe Market Share in 2021

~23.4%

Europe Growth Rate (2022-2032)

CAGR 5.1%

Collective Value Share (US, Germany, China) 2022: Top 3 Countries

~35%

Top 5 Companies Market Share in 2021

~18%

Key Companies Profiled

  • Stanley
  • Milwaukee Hand Trucks
  • Dewalt
  • Apex Tool Group
  • Blackhawk Industries
  • Cooper Tools
  • Masko Tech Engineers
  • Actia Group
  • Shenzhen 3Excel Tech Co. Ltd.
  • Bosch Automotive Service Solutions Inc.
  • Snap-On Incorporated
  • Beissbarth GmbH
  • Ravaglioli S.p.A
  • Teco srl
  • Guangdong Roadbuck Co. Ltd/
  • BUTLER Engineering and Marketing S.p.A

The global CCD wheel aligners market accounts for ~59% of the global automotive garage equipment market in 2022. The global CCD wheel aligners market is estimated to have an absolute $ opportunity of USD 2.1 Billion during the assessment period of 2022-2032.

Rising awareness about the wheel alignment is generating demand for CCD wheel aligners. Wheel aligners offering faster alignment with high level of accuracy is boosting increased usage by auto manufacturers and in garages. This is expected to trigger market demand by 2.1X during the forecast years of 2022-2032.

2017-2021 Global CCD Wheel Aligners Market Outlook in Comparison to 2022-2032 Growth Forecast

The vehicle maintenance schedule leading to reduced wear and tear and maintenance expenses have become the main aspects of the vehicle owner, and wheel alignment is one of the main tasks. Rising awareness regarding the proper alignment of wheels of vehicles due to the negative impacts posed by the improper alignment is expected to trigger market demand by 1.6X in coming years.

CCD wheel aligners offer a complete 360-degree standard alignment values. They are suitable for any vehicle type ranging from light to heavy vehicles and carry out the alignment process with high accuracy and less time. This has pushed the adoption of CCD wheel aligners by nearly 2/5th i.e. ~20% of current demand levels.

Fact.MR projects the CCD wheel aligners market is expected to witness exhibiting growth at 4.7% CAGR during 2022-2032 in comparison to 3.2% CAGR with which it grew from 2017 and 2021.

Enhanced Usage of Wheel Aligners

Bad road conditions leads to an adverse impact on the arrangement of wheels in cars and other heavy automobiles. Thus, it becomes imperative for the user of the vehicle to have an appropriate wheel alignment to have efficient control on the steering of the vehicles in order to prevent road accidents.

Therefore, the use of wheel aligners has become important attributed to the augmented cases of road accidents caused by misalignment of wheels. This is expected to provide a gain of 230 BPS to CCD wheel aligners market during the forecast period of 2022-2032.

Incorporation of Technologies

Improper wheel alignment resulting in damage due to adverse effects on vehicles tires carrying high loads has called for efficient wheel checking and balancing. Manufacturers in the CCD wheel aligners market are incorporating new technologies with regards to gauge the alignment angle of the wheel, the correction and the deviation required to narrow down the deviation in the wheels.

Therefore, manufacturers have introduced multiple wheel alignment technologies, where advanced CCD wheel aligners are used to align wheels of larger vehicles offering a faster alignment process and higher accuracy. Thus, the incorporation of technologies in wheel aligners is estimated to trigger market demand by 2.1X during the forecast years of 2022-2032.

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Higher Level of Accuracy Boosting CCD Wheel Aligners Adoption

Technological advancements are taking place for many years in the field of automotive machinery with a view to enhancing vehicle output. Initially, conventional or manual wheel aligners were used, which were not only inefficient, but also lacked accuracy, and consumed high time, thus posing several problems.

Thus, wheel aligners offering a high level of accuracy and maintaining overall vehicle health, consequently reducing vehicle failures, becomes very important. Therefore, manufacturers have introduced modern CCD wheel aligners, which uses technologies such as charge-coupled devices (CCD) in wheel alignment machines and overcome all the limitations of traditional wheel aligners. This is estimated to trigger market demand by nearly 1/4th or ~25% of current demand levels in coming years.

Moreover, an extensive variety of CCD wheel aligners are established in the past few years, which are increasingly adopted by consumers because of their additional benefits. For instance, 6 camera and 8 camera CCD wheel aligners are largely used in garages and by automakers due to the high level of accuracy and flexibility offered. Thus, making CCD wheel aligners a more reliable solution to fix alignment problems. This is expected to escalate the implementation of CCD wheel aligners and provide a gain of 190 BPS to the market in the coming years.

Market Challenges Restricting Market Growth

The manufacturing costs of CCD wheel aligners have increased owing to the increased use of and incorporation of novel technologies in the product. This has impacted the usage of the product in small garages and by small scale auto manufacturers. As most of the consumers depend on conventional aligners, the lack of skilled labor to operate CCD wheel alignment machines is posing hurdles and restricting sales of the product, which is estimated to restrict market growth by 0.9X.

However, manufacturers of CCD wheel aligners have started promoting products that are not only cost-efficient but also requires less maintenance. Additionally, product offering by manufacturers as a one-time investment is expected to drive market demand by changing end-user mentality and increasing sales, thereby contributing to market growth.

An Adaptive Approach to Modern-day Research Needs

Region-wise Insights

Which is the dominant region for the CCD wheel aligners market?

Europe is the dominant region for the CCD wheel aligners market by contributing 23.4% to the overall market share. This is attributed to the higher penetration of wheel alignment equipment’s in this region as compared to other regions. The sale of CCD wheel aligners in European regions is poised to touch USD 1.2 Billion by the end of the assessment year i.e. 2032.

The growth is chiefly attributed to escalated use of 6 camera CCD wheel aligners as a widely accepted advanced technology and due to their low price, they are increasingly adopted leading to higher revenues in coming years to the manufacturers. Thus the region is projected to grow at a CAGR of 5.1% during the forecast years.

What is the market scenario in Asia-Pacific region for CCD wheel aligners market?

Asia-Pacific CCD wheel aligners market is expected to witness higher growth owing to the presence of CCD wheel aligners’ growth potential in the region. The region comprising of East Asia and South Asia accounts for 40% of the overall market share, is likely to grow at a higher CAGR owing to the region is one of the largest manufacturing hubs.

Automakers worldwide are focusing on expanding their production base in the region attributed to the immense potential portrayed by the region. The region is expected to grow at a CAGR of 4.1% during the forecast years of 2022-2032 and is therefore expected to increase the revenues of CCD wheel aligner manufacturers over the assessment period.

Ccd wheel aligners market by Fact.MR

Category-wise Insights

Which product type is expected to show more growth in CCD wheel aligners Market in coming years?

6 camera CCD wheel aligners, which currently holds 51.9% of the overall market share, is expected to show higher growth as compared to 8 camera wheel aligners. 6 camera CCD wheel aligners provide high-speed precision measurements to all the normal vehicle alignment angles, both rear and front angles. Thus, the 6 camera CCD wheel aligners market is projected to grow at a CAGR of 3.9% during the forecast years of 2022-2032.

Which application type owns the higher market share in CCD Wheel Aligners Market?

Auto manufacturers under the application type segment hold more than 1/3rd i.e. 37.6% of the overall market share. This is attributed mainly to the auto manufacturers being well-equipped owing to the enhanced investments being made that strengthen their units.

However, the garages segment under application type which currently holds 31.7% of the market share is estimated to grow at a CAGR of 4.1% during the forecast years of 2022-2032 owing to the growing popularity of CCD wheel aligners in garages.

Competitive Landscape: Top Companies in CCD Wheel Aligners Market

The global CCD wheel aligners market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced CCD wheel aligners.

Fact.MR has provided detailed information about price points of top manufacturers of CCD wheel aligners market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Technovector recently introduced contactless wheel alignment system which provides automatic vehicle detection and adaptive towers to measure wide range of wheelbases. Their machine-vision wheel aligners for heavy-duty trucks comes up with WideScope technology, which provides fast angles check and adjustment.
  • 8 CCD sensor wheel aligner introduced recently by Rotary Lift is a 3D wheel alignment, equipped with an A4 printer, and a powerful PC. It also comes up with a robust mobile cabinet to attach and charge the wheel clamps.

Global CCD Wheel Aligners Market by Category

  • By Product Type :

    • 6-Camera
    • 8-Camera
  • By Vehicle Type :

    • Road Vehicles
    • Off-Road Vehicles
  • By Application :

    • Garage
    • Auto Manufacturers
    • Tire Manufacturers
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

- FAQs -

The global value of CCD wheel aligners market is estimated to be worth over USD 3.6 Billion in 2022.
The demand is anticipated to surpass USD 5.7 Billion by 2032 end.
During 2017-2021, global CCD wheel aligners market grew at 3.2% CAGR.
Some of the prominent players in CCD wheel aligners market are Stanley, Milwaukee Hand Trucks, Dewalt, Apex Tool Group, Blackhawk Industries, Cooper Tools etc.
Europe tops the global CCD wheel aligners market accounting for 23.4% of global market share in 2022.
Auto manufacturers under application type contributes 37.6% of market share in global sales of CCD wheel aligners.

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