Market Overview:
The global automotive wheel alignment equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising awareness about vehicle safety. The global automotive wheel alignment equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into 3D wheel alignment equipment, CCD wheel alignment equipment, laser wheel alignment equipment, and other types of wheel alignment equipments. The 3D Wheel Alignment Equipment Equipment Equipment segment is expected to hold a major share in terms of revenue in 2018 owing to its high accuracy levels and ability to detect even minor misalignments quickly. On the basis of application, the market is divided into commercial vehicles and passenger cars segments.
Product Definition:
Wheel alignment is the process of adjusting the angles of wheels on a car so that they are set to the manufacturer's specifications. The purpose of wheel alignment is to optimize the car's handling and ensure that its tires wear evenly. In addition, a properly aligned car runs more smoothly and efficiently than one that is not aligned, which can save you money on gas. Automotive wheel alignment equipment typically consists of four sensors that attach to each wheel, as well as a computer or tablet that displays readings from the sensors. The equipment measures three angles: camber, caster, and toe-in or toe-out. These measurements are used to adjust each wheel so it is within the manufacturer's specifications.
3D Wheel Alignment Equipment Equipment Equipment:
3D wheel alignment equipment is used to realign the wheels so that they are parallel and in perfect shape. The machine consists of a series of rollers, each with a laser attached to it. These lasers send out beams and scan the wheel for proper alignment.
CCD Wheel Alignment Equipment:
CCD wheel alignment equipment is used in automotive wheel alignment equipment market for the purpose of adjusting the angles of wheels to ensure that they are parallel to each other and also in line with the vehicle's frame. CCD wheel alignment equipment consists of a series of precision measuring devices, which are mounted on a heavy-duty base. The base has several adjustments enabling different sets of measurements for front, rear and side view positions.
Application Insights:
The commercial vehicle segment dominated the global automotive wheel alignment equipment market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing demand from end-use industries such as logistics and transportation. Logistics companies are focusing on maintaining high productivity by minimizing downtime and increasing accuracy of fleet operations, which is expected to drive the demand for automated equipment in commercial vehicles over the forecast period.
Automotive wheels are integral parts of passenger cars and their accurate alignment is important for ensuring smooth running characteristics of vehicles during travel or on uneven roads conditions.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing automobile production and sales in countries such as China, India, Japan, and South Korea. Moreover, rising disposable income coupled with a growing population will drive demand for passenger cars in this region. Europe accounted for more than 25% of revenue share in 2017 on account of high vehicle manufacturing volumes along with stringent safety norms implemented by regulatory bodies such as ECE (European Committee for Standardization) and ANSI (American National Standards Institute). The European market is anticipated to witness steady growth over the forecast period owing to stringent government regulations regarding road safety that has compelled automotive manufacturers to incorporate advanced technologies like wheel alignment into their vehicles.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising awareness about the importance of wheel alignment and its benefits
- Technological advancements in wheel alignment equipment that offer enhanced accuracy and precision
- Growing number of automotive service centers and workshops worldwide
- Rising demand for aftermarket services for wheel alignment
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Wheel Alignment Equipment Market Research Report
By Type
3D Wheel Alignment Equipment Equipment Equipment, CCD Wheel Alignment Equipment, Laser Wheel Alignment Equipment, Other
By Application
Commercial Vehicle, Passenger Cars
By Companies
Cormach, JohnBean, Hunter Engineering, Haweka Australia, Ravaglioli, Eagle Equipment, Sunrise Instruments, Shanghai Yecen Auto Technology, Hofmann TeSys, Certek Group, Beissbarth, Chief Automotive Technologies, Manatec, Shanghai Yecen Auto Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Wheel Alignment Equipment Market Report Segments:
The global Automotive Wheel Alignment Equipment market is segmented on the basis of:
Types
3D Wheel Alignment Equipment Equipment Equipment, CCD Wheel Alignment Equipment, Laser Wheel Alignment Equipment, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cormach
- JohnBean
- Hunter Engineering
- Haweka Australia
- Ravaglioli
- Eagle Equipment
- Sunrise Instruments
- Shanghai Yecen Auto Technology
- Hofmann TeSys
- Certek Group
- Beissbarth
- Chief Automotive Technologies
- Manatec
- Shanghai Yecen Auto Technology
Highlights of The Automotive Wheel Alignment Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3D Wheel Alignment Equipment Equipment Equipment
- CCD Wheel Alignment Equipment
- Laser Wheel Alignment Equipment
- Other
- By Application:
- Commercial Vehicle
- Passenger Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Wheel Alignment Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive wheel alignment equipment is a machine that helps to align the wheels of a car or truck. This can be done to correct any misalignment that may have occurred during manufacturing, or as a result of driving.
Some of the key players operating in the automotive wheel alignment equipment market are Cormach, JohnBean, Hunter Engineering, Haweka Australia, Ravaglioli, Eagle Equipment, Sunrise Instruments, Shanghai Yecen Auto Technology, Hofmann TeSys, Certek Group, Beissbarth, Chief Automotive Technologies, Manatec, Shanghai Yecen Auto Technology.
The automotive wheel alignment equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Wheel Alignment Equipment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Wheel Alignment Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Wheel Alignment Equipment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Wheel Alignment Equipment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Wheel Alignment Equipment Market Size & Forecast, 2020-2028 4.5.1 Automotive Wheel Alignment Equipment Market Size and Y-o-Y Growth 4.5.2 Automotive Wheel Alignment Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 3D Wheel Alignment Equipment Equipment Equipment
5.2.2 CCD Wheel Alignment Equipment
5.2.3 Laser Wheel Alignment Equipment
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Wheel Alignment Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Wheel Alignment Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 3D Wheel Alignment Equipment Equipment Equipment
9.6.2 CCD Wheel Alignment Equipment
9.6.3 Laser Wheel Alignment Equipment
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 3D Wheel Alignment Equipment Equipment Equipment
10.6.2 CCD Wheel Alignment Equipment
10.6.3 Laser Wheel Alignment Equipment
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 3D Wheel Alignment Equipment Equipment Equipment
11.6.2 CCD Wheel Alignment Equipment
11.6.3 Laser Wheel Alignment Equipment
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 3D Wheel Alignment Equipment Equipment Equipment
12.6.2 CCD Wheel Alignment Equipment
12.6.3 Laser Wheel Alignment Equipment
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 3D Wheel Alignment Equipment Equipment Equipment
13.6.2 CCD Wheel Alignment Equipment
13.6.3 Laser Wheel Alignment Equipment
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Wheel Alignment Equipment Market: Competitive Dashboard
14.2 Global Automotive Wheel Alignment Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cormach
14.3.2 JohnBean
14.3.3 Hunter Engineering
14.3.4 Haweka Australia
14.3.5 Ravaglioli
14.3.6 Eagle Equipment
14.3.7 Sunrise Instruments
14.3.8 Shanghai Yecen Auto Technology
14.3.9 Hofmann TeSys
14.3.10 Certek Group
14.3.11 Beissbarth
14.3.12 Chief Automotive Technologies
14.3.13 Manatec
14.3.14 Shanghai Yecen Auto Technology