CCD Wheel Aligners Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : Mar-2018 | List of Tables : 86 | List of Figures : 72 | No. of Pages : 170 | Report Code : FACT528MR |

Poor road conditions often have an adverse effect on the alignment of wheels in cars and other heavy vehicles. It becomes imperative for the user of the vehicle to carry out proper analysis of wheel alignment in order to gain efficient control on vehicle steering thus preventing road accidents. The use of wheel aligners has become vital owing to increasing cases of road accidents owing to misalignment of the wheel.

There have been various advances in wheel aligners with introduction of new technologies with respect to gauging the alignment angle of the wheel, the deviation and the correction needed to reduce the deviation. Moreover, improper wheel alignment also has an adverse effect on vehicle tires that consequently cause under arms of the vehicle to carry high loads resulting in damage. Negative effects of wheel alignment has called for efficient wheel monitoring and balancing. Considering various wheel alignment technologies, CCD wheel aligners are widely used alignment machines as they offer higher accuracy and faster alignment process. Moreover, they can be used to align wheels of larger vehicles.

global ccd wheel aligners market

Fact.MR’s research report on global CCD wheel aligners states that the global market is projected to expand at a moderate rate to register a value CAGR of 4.7% throughout the period of assessment, 2017-2026. Additionally, according to this research report, the sale of CCD wheel aligners is estimated to exceed US$ 4 Bn by the end of the year of assessment (2026). Increasing importance of accurate wheel alignment coupled with use of 6 camera CCD wheel aligners is expected to push the sales of the product in the years to follow.

Market Taxonomy

Region

Product type

Application

Vehicle Type

North America

6-Camera

Garage

Road Vehicles

Latin America

8-Camera

Auto Manufacturers

Off-Road Vehicles

Europe

 

Tire Manufacturers

 

Japan

     

APEJ

     

MEA

     

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Higher Accuracy as Compared to Conventional Wheel Aligners to Boost Adoption of CCD Wheel Aligners

With a view to enhance vehicle output, technological advancements in the field of automotive machinery have been taking place since past several years. Manufacturers are highly focused on introducing advanced wheel aligners that play a major role in maintaining overall vehicle health, consequently reducing vehicle breakdowns. Initially, manual or conventional wheel alignment was adopted, which posed several problems, for instance, low accuracy, inefficiency, lack of labor and highly time consuming procedure. However, with introduction of modern CCD wheel aligners, manufacturers have overcome all the limitations of traditional wheel aligners by using technologies such as charge-coupled devices (CCD) in wheel alignment machines. In terms of accuracy and flexibility, CCD wheel aligners are a more reliable solution to fixing alignment problems. Since past ears, wide range of CCD wheel aligners have been developed, for example, 6 camera and 8 camera CCD wheel aligners that are largely used by auto manufacturers and garages. This is expected to fuel the adoption of CCD wheel aligners in the coming years.

Asia Pacific Excluding Japan (APEJ) to Radiate Potential Growth

Asia Pacific excluding Japan (APEJ) region being one of the largest manufacturing hubs, is expected to reflect significant market potential for CCD wheel aligners. Automakers across the globe are concentrating on expanding their base in APEJ region owing to the immense potential that the region portrays. As per research, the use of CCD wheel aligners in APEJ is expected to grow at 5.6% with respect to value. The revenue generated by sales of CCD wheel aligners in this region is expected to reach a significant value over the assessment period.

Competition Tracking

Players involved in development of advanced wheel alignment machines are focusing on targeting APEJ region and few other European countries to expand their global footprint. Additionally, with introduction of new technologies in this field, key players are partnering with local players to promote the use of their developments in the respective regional market. Key players involved in CCD wheel aligners market include Stanley, Milwaukee Hand Trucks, Dewalt, Apex Tool Group, Blackhawk Industries and CooperTools, to name a few.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Fact.MR has come up with an extensive research report on global CCD wheel aligners market. The research report entails analysis on key aspects impacting the growth of the global CCD wheel market. These aspects include new trends, developments, opportunities, drivers and restraints that have a positive as well as a negative influence on the global CCD wheel aligners market. The research report includes vital forecast analysis covering projections for a period of nine years that can give a realistic picture of the global CCD wheel aligners market.

Holistic approach covered in this research report

Research report on CCD wheel aligners market covers a global perspective. Key regions in the globe are assessed and the developments, key trends, drivers, opportunities and challenges influencing the market’s growth across these regions are securitized. This offers a 360 degree view of the global CCD wheel aligners market in front of the reader that can support him/her in gaining information on various market segments and their scenario across various regional markets. Revenue pocket analysis is covered in this research report that portrays potential areas and sub regions worldwide that the reader can tap to achieve expansion goals. In addition, the global scrutiny carried out is void of bias which delivers the much needed value addition to the research of the reader.

Unique research methodology used

Fact.MR employs a unique research process to glean vital insights from the global market. Secondary and primary research are the two main arms of this extensive research process. Secondary research is carried out to gain high level understanding of the global CCD wheel aligners market based on which the market is segmented in detail. At the same time, primary research is carried out in parallel to the secondary research. Several primary interviews with opinion leaders, key market observers and experts are conducted during which each data point gathered through secondary research is cross verified and evaluated multiple times. Also, the data and statistics gleaned are validated as the primary research progresses and the process is followed till the conclusion of the research. This ensures higher accuracy percentage of the data included in the research.

Know your competition

The research study focuses on analysis key growth path of the global market. For this purpose, major players operating in the global market are assessed and profiled in this research report. Various details of players such as key financials, weighted analysis on key strategies, SWOT analysis, product portfolio analysis, geographical presence as well as key developments are included in the competitive dashboard section of the research report. This can support the reader in making informed decisions and slate key strategies. The pulse of the market is revealed in this section which can help the reader in implementing key tactics to gain competitive advantage.

Such an in-depth research report can offer value addition by delivering actionable intelligence on very market segment with unbiased segmental insights. Impact analysis and key recommendations are included in this research report that can support the reader in identifying prospects in the global market. Just a click away, the reader can gain intelligence on key companies and entire market segmentation across regions. In addition, data and insights are skilfully crafted and presented in a systematic order for reader’s convenience.

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CCD Wheel Aligners Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026