Market Overview:
The global diagnostic wheel alignment machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger cars and commercial vehicles, and the rising need for accurate wheel alignment. Based on type, the global diagnostic wheel alignment machine market can be segmented into fixed wheel alignment machines and portable wheel alignment machines. Based on application, the global diagnostic Wheel Alignment Machine Market can be divided into passenger car and commercial vehicle segments. The passenger car segment is projected to account for a larger share of this market during 2018-2030 owing to increase in sales of luxury cars across different regions globally coupled with rising disposable income levels in emerging economies such as China and India .
Product Definition:
A diagnostic wheel alignment machine is a device used to measure and adjust the angles of the wheels on a vehicle. The importance of diagnostic wheel alignment machines is that they allow mechanics to accurately adjust the angles of a vehicle's wheels, which can help improve its overall performance and fuel efficiency.
Fixed Wheel Alignment Machine:
Fixed wheel alignment machine is used for adjusting the angles of wheels with respect to each other. It helps in correcting the steering problems and ensures that tires are properly aligned. The market for fixed wheel alignment machine is driven by factors such as growing demand from end-users, technological advancements, and government initiatives towards road safety. Fixed Wheel Alignment Machine (FWA) has applications in various sectors including automotive & transportation, construction equipment industry among others which will be covered in this article.
Portable Wheel Alignment Machine:
A portable wheel alignment machine is a device used to realign the wheels of automobiles. It's basically an electronic equipment that helps in adjusting the angles of vehicles. The portable wheel alignment machine has different tools and techniques for performing different operations such as measuring angles, determining camber/toe, and trueing the wheels among others. Trueing or straightening a bent rim is one of the most common operations performed by these devices.
Application Insights:
Passenger car segment held the largest share of over 60.0% in 2017. Rising number of passenger cars on roads, increasing disposable income and consumer spending power, and growing population are expected to be the key factors driving demand over the forecast period.
Commercial vehicle segment is anticipated to witness a significant CAGR exceeding 7% from 2018 to 2030 owing to an increase in demand for long-distance travel coupled with rising industrialization and urbanization activities across various regions globally. The growth can be attributed to an increased need for transportation services due largely without a doubt, particularly in developing countries such as India, China Africa etc., where commercial vehicles form major segments of road transport fleets owing largely without a doubt, particularly in developing countries such as India China Africa etc., where commercial vehicles form major segments of road transport fleets worldwide.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. This can be attributed to the presence of a large number of manufacturers and suppliers, high vehicle production, and higher adoption rate for advanced automotive technologies. The region is expected to maintain its dominance throughout the forecast period owing to continuous technological advancements coupled with increasing demand for passenger cars and commercial vehicles.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income especially in developing countries such as India, China, Indonesia among others are expected drive regional growth.
Growth Factors:
- Increasing demand for diagnostic wheel alignment machines from the automotive sector as it helps in improving fuel efficiency and reducing emissions.
- Growing popularity of advanced wheel alignment systems that offer more accurate results and enhanced functionality.
- Rising demand for automated wheel alignment systems as they help in speeding up the process of vehicle inspection and diagnosis.
- Proliferation of aftermarket service centers that require diagnostic wheel alignment machines for their operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diagnostic Wheel Alignment Machine Market Research Report
By Type
Fixed Wheel Alignment Machine, Portable Wheel Alignment Machine
By Application
Passenger Car, Commercial Vehicle
By Companies
Hunter Engineering, Atlas Auto Equipment, Eagle Equipment, RAVAmerica, Sunrise Instruments Private, Delta Equipment, Hofmann TeSys, Snap-on Incorporated, Fori Automation, Manatec Electronics Private, Hunter Engineering
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 Diagnostic Wheel Alignment Machine Market Report Segments:
The global Diagnostic Wheel Alignment Machine market is segmented on the basis of:
Types
Fixed Wheel Alignment Machine, Portable Wheel Alignment Machine
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
Passenger Car, Commercial Vehicle
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:
- Hunter Engineering
- Atlas Auto Equipment
- Eagle Equipment
- RAVAmerica
- Sunrise Instruments Private
- Delta Equipment
- Hofmann TeSys
- Snap-on Incorporated
- Fori Automation
- Manatec Electronics Private
- Hunter Engineering
Highlights of The Diagnostic Wheel Alignment Machine 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:
- Fixed Wheel Alignment Machine
- Portable Wheel Alignment Machine
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Diagnostic Wheel Alignment Machine 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
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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?
A diagnostic wheel alignment machine is a type of car alignment equipment that uses a set of rotating wheels to align the car's suspension and steering.
Some of the key players operating in the diagnostic wheel alignment machine market are Hunter Engineering, Atlas Auto Equipment, Eagle Equipment, RAVAmerica, Sunrise Instruments Private, Delta Equipment, Hofmann TeSys, Snap-on Incorporated, Fori Automation, Manatec Electronics Private, Hunter Engineering.
The diagnostic wheel alignment machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diagnostic Wheel Alignment Machine 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 Diagnostic Wheel Alignment Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diagnostic Wheel Alignment Machine 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 Diagnostic Wheel Alignment Machine 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 Diagnostic Wheel Alignment Machine Market Size & Forecast, 2020-2028
4.5.1 Diagnostic Wheel Alignment Machine Market Size and Y-o-Y Growth
4.5.2 Diagnostic Wheel Alignment Machine 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 Fixed Wheel Alignment Machine
5.2.2 Portable Wheel Alignment Machine
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 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diagnostic Wheel Alignment Machine 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 Diagnostic Wheel Alignment Machine 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 Fixed Wheel Alignment Machine
9.6.2 Portable Wheel Alignment Machine
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 Passenger Car
9.10.2 Commercial Vehicle
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 Fixed Wheel Alignment Machine
10.6.2 Portable Wheel Alignment Machine
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 Passenger Car
10.10.2 Commercial Vehicle
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 Fixed Wheel Alignment Machine
11.6.2 Portable Wheel Alignment Machine
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 Passenger Car
11.10.2 Commercial Vehicle
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 Fixed Wheel Alignment Machine
12.6.2 Portable Wheel Alignment Machine
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 Passenger Car
12.10.2 Commercial Vehicle
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 Fixed Wheel Alignment Machine
13.6.2 Portable Wheel Alignment Machine
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 Passenger Car
13.10.2 Commercial Vehicle
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 Diagnostic Wheel Alignment Machine Market: Competitive Dashboard
14.2 Global Diagnostic Wheel Alignment Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hunter Engineering
14.3.2 Atlas Auto Equipment
14.3.3 Eagle Equipment
14.3.4 RAVAmerica
14.3.5 Sunrise Instruments Private
14.3.6 Delta Equipment
14.3.7 Hofmann TeSys
14.3.8 Snap-on Incorporated
14.3.9 Fori Automation
14.3.10 Manatec Electronics Private
14.3.11 Hunter Engineering
