3D Wheel Aligners Market

3D Wheel Aligners Market Study by Auto Boom, Lift Version, Pit Version, and Wall Mount Types from 2023 to 2033

Analysis of 3D Wheel Aligners Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

3D Wheel Aligners Market Outlook (2023-2033)

The 3D wheel aligners market is estimated to reach valuation of US$ 164.8 Million in 2023 and will top US$ 261.4 Million by 2033, growing with a CAGR of around 4.7% from 2023-2033.

Report Attributes

Details

Market Size (2022A)

US$ 157.1 Million

Estimated Market Value (2023E)

US$ 164.8 Million

Forecast Market Value (2033F)

US$ 261.4 Million

Global Market Growth Rate (2023-2033)

4.7% CAGR

North America Market Share (2023)

28.4%

North America Market Value (2023)

US$ 46.8 million

Europe Market Share (2023)

28.9%

Europe Market Value (2023)

US$ 47.7 million

China Market Share (2023)

9.1%

China Market Value (2023)

US$ 15.0 million

Market Share of Top 3 Countries

42.0%

Key Companies Profiled

  • Actia Group
  • Beissbarth GmbH
  • Corghi Spa
  • Hunter Engineering Company
  • Launch Tech Co. Ltd.
  • Panther Electronic Machinery Manufactory Ltd.
  • Shenzhen 3Excel Tech Co., Ltd.
  • Snap-On, Incorporated
  • WONDER
  • Yantai Haide Science and Technology Co. Ltd
  • Yingkou Dali Automobile Maintenance Equipment
  • Yingkou Hanway Technology Co. Ltd

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Sales Analysis of 3D Wheel Aligners (2018-2022) Vs. Market Outlook (2023-2033)

3D wheel aligners are machines typically found in vehicle services centers and sometimes even in manufacturing facilities. 3D wheel aligners facilitate highly precise wheel alignment on all types of cars. These high-tech machines utilize cameras, lasers, and 3D sensors to perform measurements for each wheel while integrating the reference system.

3D wheel aligners are integrated with camber and inclination pendulums attached to the sensor head that ensures reproducible results without complicated calibration. Wheel alignment is a part of standard automobile maintenance that involves readjusting the angles of wheels to vehicle specificity. The main purpose of such adjustment is to reduce tire wear and to avert tire-related performance issues.

East Asia has dethroned several other advanced regions including North America and Europe to become the largest automobile market in the world. Only a few decades ago, Japan was the only globally recognized player in the region. But things have changed dramatically since then, with China not only overtaking Japan but also the U.S. and Germany in terms of vehicle production. Such factors will lead to the growth of the market in the coming years.

  • Short Term (2023 Q1 to 2026): Utilization of advanced cameras and sensors to lead the market growth.
  • Medium Term (2026- 2029): The upsurging automotive industry across the globe to provide a platform for the usage of 3D wheel aligners.
  • Long Term (2029- 2033): Changes and advancements in the development of Internal Combustion Engine (ICE) technology are occurring at breakneck speed. This will contribute the market growth in the long run.

From 2018 to 2022, the global market for 3D wheel aligners registered a CAGR of 3.3%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 4.7% CAGR between 2023 and 2033.

What’s Driving High Demand for 3D Wheel Aligners across Regions?

“Global harmonization and improving economic conditions of the people to bolster the demand”

It is widely believed that the conventional vehicle market in existing markets has achieved overcapacity in the global auto production industry. A single type of approval system that will enable any vehicle to be sold in any country under a single set of harmonized global technical rules is now anticipated by manufacturers in emerging markets.

People are more likely to buy new cars when the economy is doing well, which helps the industry grow. Due to rising customer desire for a wider range of body types and styles, the market for niche vehicles is also expanding. The market for 3D wheel aligners will be positively impacted by all of these variables.

“Elevating automotive industry in India and the U.S. to provide plethora of opportunities”

Growing industrialization in developing economies such as India and also the developed economy like the U.S. is expected to fuel the demand for 3D wheel aligners. Sophisticated production units, combined with abundant raw materials and high demand from the automotive sector, are fueling domestic sales.

The Indian automotive industry is the fourth largest in the world and is expected to be among the top three in the coming years. A highly advanced manufacturing sector and rapid adoption in the automotive sector are the driving factors for 3D wheel aligners growth. The Indian market for 3D wheel aligners is expected to grow at a CAGR of 5.0% during the forecast period.

The presence of prominent players in the automotive industry such as Ford, and General Motors in the U.S. is allowing other players to invest in the American automotive market making it more competitive. Due to the existence of such competition, there will be more demand for efficient vehicles and also its maintenance equipment which includes the 3D wheel aligner.

This demonstrates the upcoming opportunities that 3D wheel aligner manufacturers are looking forward to in the country. U.S. is set to capture a market share of 25.6% in the global market.

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What Do 3D Wheel Aligners Manufacturers Need to Watch Out?

“Fluctuations in raw material prices due to change in demographics to affect market growth.”

The opportunity for automation is huge across the globe, however, it is linked with the risk of economic dislocation. Another challenge for various OEMs is keeping up with rapidly changing demographics and consumer trends sweeping the global economy. In certain developed markets, the population is getting older and younger buyers are becoming harder to attract.

The risk of shortage of materials and improving demand from contractors might have resulted in price hikes. It utilizes a range of raw materials such as brass, iron, aluminum, plastic resins, microprocessors, and other subassemblies. Over the past few years, the prices of these raw materials have been on the rise, increasing the operating costs of the product.

The increasing competition also limits the option of increasing product prices to compensate for the higher production costs. In addition, the continuous supply of raw materials could be affected by supply shortages, national emergencies, weather conditions, natural disasters, strikes, governmental controls, or other events. Price fluctuations and non-availability of these raw materials could have a material adverse effect on production costs and the operations of the market.

Country Wise Analysis

How China 3D Wheel Aligners Market will grow?

China has emerged as the epicenter of the world's fastest-growing 3D wheel aligner industry in the East Asia region and is expected to remain in the spotlight during the forecast period. The growing trend towards utilization of various 3D wheel aligners with 4 cameras, 5 cameras, and others is driving the market growth in China.

Numerous well-known global brands have invested in Chinese auto manufacturing due to the sizeable automobile market in China. China's automotive industry is the world's largest in terms of both total output and annual sales, with domestic production It is expected to reach 35 million units by 2025.

Several indigenous brands of China's top automakers have also seen an increase in popularity in the automotive market as a result of technological advancement and lower production costs. From roughly 17,500 units in 2013 to more than 3.5 million units in 2021, China's output of New Electric Vehicles (NEVs) has increased rapidly.

According to a survey in 2019, more than 25 million vehicles were sold domestically, including 21.4 million passenger cars. Demand for 3D wheel aligners is expected to continue to grow in the coming years as the automotive industry in the country is expected to continue to shine and grow at a CAGR of 4.9% in the coming years.

How Market for 3D Wheel Aligners is Estimated to Rise in Germany?

Germany currently dominates the European 3D wheel aligner sector and is expected to remain the leader during the forecast period. Germany is a hot spot for manufacturers of 3D wheel aligners in the region due to the growing number of manufacturing centers and high demand for various applications.

On a global scale, German automakers rank among the most successful in the sector. Compared to 436 billion euros in 2019, the German automotive sector saw overall sales of approximately 378 billion euros in 2020. According to the Fact.MR analysis, Germany is Europe's largest car market, accounting for 25% of all passenger cars produced which is approximately 4.66 million, and about 20% of new registrations which is around 3.6 million.

As these numbers are expected to continue to grow in the coming years, 3D wheel alignment players should target Germany to augment their sales in the country. Germany is expected to be valued at US$ 11.5 million in 2023.

Category wise Insights

How Auto Manufacturer End User Will Lead to Market Growth?

The number of automobile manufacturers and suppliers is increasing rapidly. There are certain basic norms that the government has imposed on the structure of the vehicle to maintain its safety. All the manufacturers prefer to provide an accurate wheel alignment system in order to consider the safety of the customer.

Additionally, the majority of the customers prefer that the wheel aligner system is priorly installed by the vehicle manufacturer. These factors will lead to more sales of 3D wheel aligners and will achieve a valuation of US$ 86.8 million in 2023.

How the Auto Boom Mounting Type Will Lead to Rise in Market for 3D Wheel Aligners?

According to Fact.MR analysis, the mounting of the 3D wheel aligner is segmented into 4 types that are auto boom, lift version, pit version, wall mount. Among these sub-segments, the auto boom mounting type is poised to capture more market share than others.

The auto boom mounting type reduces tire wear and also minimizes the other risks associated with it. As it has an easy installation process, it has higher usability and less expensive maintenance. The auto boom 3D wheel aligner will achieve a market share of 28.0% in 2023 in the overall market.

Competitive Landscape

Fact.MR profiled the following top companies in 3D wheel aligners market in its report. Those companies Actia Group, Beissbarth GmbH, Corghi Spa, Hunter Engineering Company, Launch Tech Co. Ltd., Panther Electronic Machinery Manufactory Ltd., Shenzhen 3Excel Tech Co., Ltd., Snap-On, Incorporated, WONDER, Yantai Haide Science and Technology Co. Ltd, Yingkou Dali Automobile Maintenance Equipment, Yingkou Hanway Technology Co. Ltd

The scalability of huge wheel and tire diagnostic garage equipment to fit inside cars is made possible by the convergence of technologies. Smaller, more advanced goods that diagnose the need for immediate service escalation will be produced through optimization.

To meet the demand and expectations of the current market and keep a competitive edge, manufacturers must concentrate on finding the ideal balance between product mix and location.

Technological developments in the area of automotive machinery have been occurring for a number of years with the goal of increasing vehicle sales. Manufacturers are putting a lot of effort into releasing sophisticated wheel aligners since they help keep a vehicle healthy overall and prevent problems.

Fact.MR has provided detailed information about the price points of key manufacturers of 3D wheel aligners positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of 3D Wheel Aligners Industry Research

  • By Product Type :

    • 2-Camera
    • 3-Camera
    • 4-Camera
    • 5-Camera
    • 6-Camera
  • By Mounting Type :

    • Auto Boom
    • Lift Version
    • Pit Version
    • Wall Mount
  • By Vehicle Type :

    • Road Vehicles
    • Off-Road Vehicles
  • By End User :

    • Garage
      • Automotive OEM Dealerships
      • Franchise Garage
      • Independent Garages
    • Auto Manufacturers
    • Tire Manufacturers
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East & Africa

- FAQs -

What will be the valuation of 3D wheel aligners market in 2033?

The market is likely to reach a valuation of US$ 261.4 Million by the end of forecast period.

What will be the valuation of 4- camera sub-segment of product type segment in 2023?

The 4- camera sub-segment is likely to reach a valuation of around US$ 59.5 Million in 2023.

Which region will dominate the value generation in overall market?

Europe region holds the leading market share of around 28.9% in 2023 and presumed to increase in same growth curve by the end of 2033.

What is the CAGR of North America for 3D wheel aligners market?

The North America region is expected to grow at a CAGR of 5.0% during the forecast period.

3D Wheel Aligners Market

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