About the Report
Being a crucial component of vehicle maintenance and servicing operations, 3D wheel aligners have extensive application in garages, auto industry, and tire manufacturing. Despite being severely affected due to the outbreak of the COVID-19 pandemic, the global 3D wheel aligners market has high potential to expand further over the coming years.
The latest edition of the ‘3D wheel aligners’ market study by Fact.MR offers an updated version of the previous in-depth analysis on the market, incorporating the impact of the pandemic on demand-supply trajectories and overall outlook for the forecast period of 2021 to 2031.
According to the report, manufacturers of 3D wheel aligners are depending on the recovering automotive industry, especially keeping key regions such as North America, Europe, and APEJ (Asia Pacific Excluding Japan) in mind.
Historical Vs. Future Outlook on 3D Wheel Aligners
Growing demand for 5-camera and 6-camera 3D wheel aligners coupled with increase in demand for automotive maintenance and repairing has fueled sales of 3D wheel aligners during the years 2015 to 2019.
While the outbreak of the COVID-19 pandemic in 2020 took a toll on key end-use industries of 3D wheel aligners, especially the automotive industry, recovery has commenced since the last quarter of the year. Overall, the market outlook for 3D wheel aligners has remained positive during the last 5 years from 2016 to 2020, despite having declined temporarily.
With the automotive industry getting back on track, demand for 3D wheel aligners with various mounting types such as auto boom, lift version, and pit version is forecast to rise again.
Additionally, in order to excel further utilizing the steady recovery of the automotive industry, manufacturers are bringing in a flurry of new products into the market. According to Fact.MR, the global 3D wheel aligners market is anticipated to expand at close to 5% CAGR through 2031.
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How is the Automotive Industry Fuelling Sales of Manufacturers?
3D wheel aligners are used in tire maintenance as well as automotive maintenance due to their diverse advantages such as-
- Less tire wear
- Steering stability
- Comfort driving
- Self-centering of vehicle
While demand from the automotive industry declined substantially in 2020, manufacturers are relying on the slow yet steady recovery of the industry to gain profits going ahead.
As stated in a report published by Select USA, the U.S. has one of the largest automotive markets in the world. As per the report, in 2018, U.S. light vehicle sales reached 17.2 million units, while the total Foreign Direct Investment (FDI) in the U.S. automotive industry reached US$ 114.6 billion in 2018.
While these values declined temporarily in 2020, the automotive industry is getting back to its feet across the world, creating lucrative opportunities for players in the 3D wheel aligners market.
What are the Key Challenges Faced by 3D Wheel Aligner Manufacturers?
Costly raw materials and complex process cycle in manufacturing 3D wheel aligners often work as restraints for manufacturers. Furthermore, several disadvantages of 3D wheel aligners impact the purchasing patterns of end users, such as-
- Negatively impacts fuel economy
- Costly to use over time
- May cause additional stress on automotive parts
However, with new developments by manufacturers and key end-use application sectors recovering steadily, the market is forecast to create new opportunity for its players over the coming years.
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Why are 3D Wheel Aligner Manufacturers Proliferating in the United States?
The United States is leading in the world’s largest market for 3D wheel aligners – North America, and is predicted to maintain its lead throughout the forecast period. Highly advanced manufacturing sectors and rapid adoption in the automotive sector are boosting growth in the United States.
According to a report titled “State of the U.S. Automotive Industry”, published by the American Auto Council Organization, FCA US, Ford, and General Motors are catering to the recovery process of the automotive industry, while automakers are investing more to make America competitive. This depicts the upcoming opportunities awaiting 3D wheel aligner suppliers in the country.
What’s Attracting Market Players to Germany?
Presently, Germany is dominating the 3D wheel aligners space in Europe, and is anticipated to lead over the forecast period as well. Backed by the growing number of manufacturing hubs and high requirement in diverse applications, Germany is the hotspot for 3D wheel aligner manufacturers in the region.
According to a report published by Germany Trade and Investment (GTAI) organization, in 2019, the auto sector listed a turnover of EUR 435.3 billion, around 20% of total German industry revenue.
As per the report, Germany is Europe’s number one automotive market, accounting for 25% of all passenger cars manufactured (4.66 million) and approximately 20% of all new car registrations (3.6 million). As these figures are expected to grow further in the post-pandemic years, suppliers of 3D wheel aligners are targeting Germany in order to increase their sales footprint.
How Big is the Opportunity in China for 3D Wheel Aligners?
China has emerged as the epicenter of the world’s fastest-growing 3D wheel aligners industry - Asia Pacific, and is projected to remain in the spotlight during the forecast period. Increase in inclination towards various 4-camera, 5-camera, and 6-camera 3D wheel aligners is propelling market growth in China.
As stated in a report titled “China- Automotive Industry”, published by the International Trade Administration in 2021, the automotive industry in China is the largest in the world by both, total manufacturing output and annual sales, while domestic production is expected to reach 35 million vehicles by 2025.
As per data revealed by the Ministry of Industry and Information Technology of China, in the country, over 25 million vehicles were sold in 2019, including 21.44 million passenger vehicles. As the industry is set to excel further after getting over the temporary setbacks due to the pandemic, demand for 3D wheel aligners is forecast to rise further over the coming years.
What’s Propelling Sales of 3D Wheel Aligners in India?
India has emerged as another highly lucrative market for 3D wheel aligners in Asia Pacific, and is anticipated to grow further through 2031. Highly developed manufacturing units coupled with abundance of raw materials and high requirement from the automotive sector is fuelling sales in the country.
According to a report published by the India Brand Equity Foundation (IBEF) Organization on 28th February, 2021, India has the fourth-largest automotive industry in the world, and is expected to be in the top 3 by the end of 2021.
As per the report, India became the fourth-largest auto market in 2019, displacing Germany with around 3.99 million units sold in the passenger and commercial vehicle categories. Though the market declined during the COVID-19 pandemic, recovery is on its way, and 3D wheel aligner suppliers are eying India in order to increase their consumer base.
Which Product Type of 3D Wheel Aligners is Set to Exhibit Hegemony?
Presently, 4-camera, 5-camera, and 6-camera wheel aligners are the mostly sought-after ones in terms of product, and are expected to sustain their positions throughout the forecast period. Due to a lot of positive factors, these products have high requirement in diverse applications, such as-
- Comprehensive benefits of faster operations
- Higher reliability
- Increased efficiency at affordable costs
Other key segments fuelling the sales of suppliers are 2-camera and 3-camera 3D wheel aligners.
Why are Auto Boom and Lift Version 3D Wheel Aligners Popular?
Currently, auto boom and lift version mounting types have huge demand in the global 3D wheel aligners market, owing to various factors such as-
- Reduced tire wear while minimizing risk factors
- Higher operability
- Ease of installation
- Cost-effective maintenance
- And others.
Other key segments in terms of mounting type complementing market growth are pit version and wall mount.
Which Application of 3D Wheel Aligners is Driving Sales?
Currently, garage and auto manufacturing are leading application segments for 3D wheel aligners, and are expected to remain ahead over the forecast period as well. Being highly efficient in protecting tires from wear and tear, and providing stability and a comfortable driving experience, demand for 3D wheel aligners is subject to rise significantly from these sectors.
Other key segments bolstering growth are tire manufacturing and others.
High Requirement in Road Vehicles to Spur Growth of 3D Wheel Aligner Suppliers
Road vehicles are more prone to face abrasion and wear to the tires, while require greater stability, and hence, demand for various 2-camera, 3-camera, and other 3D wheel aligners are quite high from this segment in terms of vehicle.
Another key segment in this category is off-road vehicles.
An Adaptive Approach to Modern-day Research Needs
The global 3D wheel aligners market is expanding steadily. As a result, key players are focusing on the quality of their products in order to survive in this highly competitive environment. For instance,
- Snap-On Incorporated launched its new V3DEL Imaging Wheel Alignment System, i-Aligner Platinum3, and others, during the last 5 years.
- Launch Tech Co., Ltd. launched its new X-861 3D Wheel Aligner in 2020.
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Historical Data Available for
USD Million for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Segmentation by Category
- Auto Boom
- Lift Version
- Pit Version
- Wall Mount
- Auto Manufacturers
- Tire Manufacturers
- Road Vehicles
- Off-road Vehicles
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
3D Wheel Aligners Market - Scope of Report
A recent study by Fact.MR on the 3D wheel aligners market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth.
This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with 3D wheel aligners. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the 3D wheel aligners market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of 3D wheel aligners across regions.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative markets for 3D wheel aligners?
- Which factors will impact demand for 3D wheel aligners?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the 3D wheel aligners market?
- What are the winning strategies of stakeholders in the 3D wheel aligners landscape?
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for 3D wheel aligners has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the 3D wheel aligners market, and reach conclusions on the future growth parameters of the market.
This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.
Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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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.
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