Market Overview:
The global wheel service 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 automobiles and the subsequent increase in automobile repair shops across the globe. Additionally, factors such as technological advancements and rising awareness about vehicle safety are also contributing to the growth of this market. On basis of type, tire changers are expected to account for a major share of the global wheel service equipment market during 2018-2030. This can be attributed to their growing demand in automobile repair shops across different regions globally.
Product Definition:
Wheel service equipment is a type of automotive tool that is used to help with the maintenance and repair of car wheels. This type of equipment can include things like tire changers, balancers, and inflation machines. Wheel service equipment is important because it helps to make it easier for people to work on their car's wheels, which can help them keep their car in good condition.
Tire Changers:
Tire Changers are used to change the tires in vehicles. It is a necessity for any vehicle that has been used for long term travel purposes. Changing of tires at regular intervals helps in maintaining the efficiency of the vehicle and also increases its life, as changing of tires regularly reduces heat build-up on tire surface which improves braking ability and also avoid skidding during braking.
Alignment Systems:
Alignment systems are used in wheel service equipment to true or realign the wheels. It helps in maintaining the accuracy of vehicle’s tires and also increases its life by reducing wear and tear. Alignment system consists of three main components namely sprocket, ratchet & lever, and jacks. The most common types of alignment systems used in wheel service equipment include semi-circular, vertical, radial force/axle force alignment system among others as per customer requirement.
Application Insights:
Automobile repair shops accounted for the largest share of over 70.0% in 2017 and are expected to maintain their dominance over the forecast period. The growth is attributed to increasing vehicle production and demand for services at automobile repair shops across the globe. According to data published by OICA, there were nearly 51 million automotive technicians worldwide in 2018. Increasing awareness about vehicle maintenance among consumers is also a key factor driving this segment.
The 4S shop segment is expected to register significant growth over the forecast period owing to growing consumer awareness regarding service centers that offer quality services at affordable prices, especially in emerging economies such as China, India.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing automobile production, high vehicle ownership, and a large number of service centers across the region. Asia Pacific is estimated to grow at a lucrative rate over the forecast period owing to rapid industrialization and improving economic conditions in countries such as India and China. Moreover, rising disposable income levels are anticipated to fuel demand for luxury vehicles that require regular maintenance services thereby driving growth across this region. Europe also held a significant share of global revenue in 2017 due to growing automotive industry coupled with presence of major players such as Continental AG & Co., Ltd., DAF Trucks BV, Mercedes-Benz VarioEase System by Bosch A GmbH & Co.
Growth Factors:
- Increasing demand for wheel service equipment from the automotive sector as a result of the increasing production of automobiles.
- Growing demand for wheel service equipment from the commercial vehicle sector due to increase in freight traffic and goods transportation.
- Rising popularity of alloy wheels among consumers, which is resulting in an increase in the number of vehicles requiring wheel servicing and repairs.
- Technological advancements in wheel service equipment that are making them more efficient and easier to use, thus driving their adoption by garages and workshops worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheel Service Equipment Market Research Report
By Type
Tire Changers, Alignment Systems, Wheel Balancers
By Application
Automobile Repair Shop, 4S Shop, Other
By Companies
BOSCH, Corghi, Bright, Coseng, Snap-On, Balance, Hunter, Sino-Italian Taida, Launch, SATA, DALIQIBAO, Hennessy Industries, Beissbarth, CEMB, Ravaglioli, Best, BattleAxe, 3Excel Tech, Giuliano, Kwingtone
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Wheel Service Equipment Market Report Segments:
The global Wheel Service Equipment market is segmented on the basis of:
Types
Tire Changers, Alignment Systems, Wheel Balancers
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
Automobile Repair Shop, 4S Shop, Other
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:
- BOSCH
- Corghi
- Bright
- Coseng
- Snap-On
- Balance
- Hunter
- Sino-Italian Taida
- Launch
- SATA
- DALIQIBAO
- Hennessy Industries
- Beissbarth
- CEMB
- Ravaglioli
- Best
- BattleAxe
- 3Excel Tech
- Giuliano
- Kwingtone
Highlights of The Wheel Service 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:
- Tire Changers
- Alignment Systems
- Wheel Balancers
- By Application:
- Automobile Repair Shop
- 4S Shop
- Other
- 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 Wheel Service 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?
Wheel Service Equipment is a company that provides services such as wheel alignment, tire rotation, and brake service.
Some of the key players operating in the wheel service equipment market are BOSCH, Corghi, Bright, Coseng, Snap-On, Balance, Hunter, Sino-Italian Taida, Launch, SATA, DALIQIBAO, Hennessy Industries, Beissbarth, CEMB, Ravaglioli, Best, BattleAxe, 3Excel Tech, Giuliano, Kwingtone.
The wheel service 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 Wheel Service 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 Wheel Service Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wheel Service 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 Wheel Service 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 Wheel Service Equipment Market Size & Forecast, 2020-2028
4.5.1 Wheel Service Equipment Market Size and Y-o-Y Growth
4.5.2 Wheel Service 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 Tire Changers
5.2.2 Alignment Systems
5.2.3 Wheel Balancers
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 Automobile Repair Shop
6.2.2 4S Shop
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wheel Service 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 Wheel Service 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 Tire Changers
9.6.2 Alignment Systems
9.6.3 Wheel Balancers
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 Automobile Repair Shop
9.10.2 4S Shop
9.10.3 Other
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 Tire Changers
10.6.2 Alignment Systems
10.6.3 Wheel Balancers
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 Automobile Repair Shop
10.10.2 4S Shop
10.10.3 Other
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 Tire Changers
11.6.2 Alignment Systems
11.6.3 Wheel Balancers
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 Automobile Repair Shop
11.10.2 4S Shop
11.10.3 Other
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 Tire Changers
12.6.2 Alignment Systems
12.6.3 Wheel Balancers
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 Automobile Repair Shop
12.10.2 4S Shop
12.10.3 Other
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 Tire Changers
13.6.2 Alignment Systems
13.6.3 Wheel Balancers
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 Automobile Repair Shop
13.10.2 4S Shop
13.10.3 Other
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 Wheel Service Equipment Market: Competitive Dashboard
14.2 Global Wheel Service Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BOSCH
14.3.2 Corghi
14.3.3 Bright
14.3.4 Coseng
14.3.5 Snap-On
14.3.6 Balance
14.3.7 Hunter
14.3.8 Sino-Italian Taida
14.3.9 Launch
14.3.10 SATA
14.3.11 DALIQIBAO
14.3.12 Hennessy Industries
14.3.13 Beissbarth
14.3.14 CEMB
14.3.15 Ravaglioli
14.3.16 Best
14.3.17 BattleAxe
14.3.18 3Excel Tech
14.3.19 Giuliano
14.3.20 Kwingtone
