Market Overview:
The global tire carousel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe. Additionally, the increasing demand for aircrafts is also propelling the growth of this market. The global tire carousel market can be segmented on the basis of type into semi-automatic tire carousels and automatic tire carousels. The semi-automatic segment is projected to hold a larger share of this market during the forecast period owing to its low cost as compared to automatic tire carousels. On the basis of application, this market can be divided into passenger cars, LCVs, HCVs, aircrafts, and others (such as construction equipment). Passenger cars are expected to account for a major share of this market in 2018 owing to their high demand across all regions globally.
Product Definition:
A tire carousel is a piece of equipment that is used to store and rotate tires. This is important because it allows the tires to be evenly worn, which improves the life of the tire and also increases fuel efficiency.
Semi-Automatic Tire Carousel:
A semi-automatic tire carousel is a device used to change the tires in traffic. It is also known as a manual tire changer, or self-propelled tire changing machine. The system works on the principle of centrifugal force which helps in spinning the wheel with tires and simultaneously loosening/tightening bolts with one hand while other holds onto the handle at appropriate position.
The automatic type of carousels are powered by electric motors.
Automatic Tire Carousel:
Automatic Tire Carousel is a device used to change the tire while it is in motion. It helps to reduce the time and efforts required in changing tires on a vehicle. The automatic tire carousel consists of an elevated platform that holds several tires and can be lowered or elevated through a series of pulleys and winches for changing the tires.
The automatic tire carousel market size was valued at USD 6,500 thousand in 2015.
Application Insights:
Passenger car tire carousels accounted for the largest share of over 50.0% in 2017 and are projected to witness significant growth over the forecast period. The growing demand for passenger cars as a result of increasing disposable income levels coupled with rising employment rates is anticipated to drive the segment growth during the forecast period.
LCV tire carousels were valued at USD 1,227.1 million in 2017 and are expected to witness significant growth owing to their increased utilization in logistics activities across developed economies including U.K.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key automobile manufacturers such as Toyota, Honda, Nissan, Suzuki and Mazda has resulted in high demand for automotive tires across Asia Pacific region. Furthermore, rising disposable income coupled with growing population will drive the regional market further.
Europe was estimated at USD X billion in 2017 and is anticipated to witness significant growth over the forecast period owing to increasing investments by major tire manufacturing companies for production expansion purposes along with favorable government policies regarding vehicle fuel economy improvement & emission reduction standards are some of the factors driving this industry growth across Europe region. Moreover, technological advancements such as automated tire changer are also expected to boost product demand across this region during future years (2030).
The North America market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for automobiles: The global automobile industry is expected to grow at a CAGR of around 4% during the forecast period. This will lead to an increase in the demand for tires, thereby driving the growth of the Tire Carousel market.
- Technological advancements: The Tire Carousel market is witnessing rapid technological advancements, which is resulting in innovative products and services being launched in the market. This is helping to attract new consumers and expand the customer base of players operating in this market.
- Rising disposable income: There has been a rise in disposable income across regions, especially developing countries such as China and India, due to increasing economic development and rising population levels. This is leading to an increase in spending on discretionary items such as tires, thereby propelling the growth of the Tire Carousel market globally.
- . Growing awareness about safety features: There has been a growing awareness among consumers about safety features offered by different types of tires available in the market .This is prompting them to invest more money on purchasing high-quality tires that offer enhanced safety performance .This trend will help boost th egrowth o ftheTireCarouselsmarketin thenear future . 5.. Increasing number o f replacement tire sales :The global replacement tire sales are projected t ogrow ataCAGRofaround5%duringtheforecastperioddue tobuildinge ngineeringandvehiclesafetystandardsacrosstheworld .
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Carousel Market Research Report
By Type
Semi-Automatic Tire Carousel, Automatic Tire Carousel
By Application
Passenger Car, LCV, HCV, Aircrafts, Others
By Companies
Stanley Black & Decker (Lista), Dexion, Vindir (Vertical Storage Solutions), Kardexremstar, Kenda Tire, Remco Equipment, Tarmell Equipment Company, Felix Loeb, AS/R Systems, Donnegan Systems, MSK Canada
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Tire Carousel Market Report Segments:
The global Tire Carousel market is segmented on the basis of:
Types
Semi-Automatic Tire Carousel, Automatic Tire Carousel
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, LCV, HCV, Aircrafts, Others
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:
- Stanley Black & Decker (Lista)
- Dexion
- Vindir (Vertical Storage Solutions)
- Kardexremstar
- Kenda Tire
- Remco Equipment
- Tarmell Equipment Company
- Felix Loeb
- AS/R Systems
- Donnegan Systems
- MSK Canada
Highlights of The Tire Carousel 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:
- Semi-Automatic Tire Carousel
- Automatic Tire Carousel
- By Application:
- Passenger Car
- LCV
- HCV
- Aircrafts
- Others
- 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 Tire Carousel 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.
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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 tire carousel is a rotating platform that displays tires. It is typically found at amusement parks or carnivals.
Some of the major players in the tire carousel market are Stanley Black & Decker (Lista), Dexion, Vindir (Vertical Storage Solutions), Kardexremstar, Kenda Tire, Remco Equipment, Tarmell Equipment Company, Felix Loeb, AS/R Systems, Donnegan Systems, MSK Canada.
The tire carousel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tire Carousel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tire Carousel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tire Carousel Market - Supply Chain
4.5. Global Tire Carousel Market Forecast
4.5.1. Tire Carousel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tire Carousel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tire Carousel Market Absolute $ Opportunity
5. Global Tire Carousel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tire Carousel Market Size and Volume Forecast by Type
5.3.1. Semi-Automatic Tire Carousel
5.3.2. Automatic Tire Carousel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tire Carousel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tire Carousel Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. LCV
6.3.3. HCV
6.3.4. Aircrafts
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tire Carousel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tire Carousel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tire Carousel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tire Carousel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tire Carousel Demand Share Forecast, 2019-2026
9. North America Tire Carousel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tire Carousel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tire Carousel Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. LCV
9.4.3. HCV
9.4.4. Aircrafts
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tire Carousel Market Size and Volume Forecast by Type
9.7.1. Semi-Automatic Tire Carousel
9.7.2. Automatic Tire Carousel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tire Carousel Demand Share Forecast, 2019-2026
10. Latin America Tire Carousel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tire Carousel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tire Carousel Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. LCV
10.4.3. HCV
10.4.4. Aircrafts
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tire Carousel Market Size and Volume Forecast by Type
10.7.1. Semi-Automatic Tire Carousel
10.7.2. Automatic Tire Carousel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tire Carousel Demand Share Forecast, 2019-2026
11. Europe Tire Carousel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tire Carousel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tire Carousel Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. LCV
11.4.3. HCV
11.4.4. Aircrafts
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tire Carousel Market Size and Volume Forecast by Type
11.7.1. Semi-Automatic Tire Carousel
11.7.2. Automatic Tire Carousel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tire Carousel Demand Share, 2019-2026
12. Asia Pacific Tire Carousel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tire Carousel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tire Carousel Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. LCV
12.4.3. HCV
12.4.4. Aircrafts
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tire Carousel Market Size and Volume Forecast by Type
12.7.1. Semi-Automatic Tire Carousel
12.7.2. Automatic Tire Carousel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tire Carousel Demand Share, 2019-2026
13. Middle East & Africa Tire Carousel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tire Carousel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tire Carousel Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. LCV
13.4.3. HCV
13.4.4. Aircrafts
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tire Carousel Market Size and Volume Forecast by Type
13.7.1. Semi-Automatic Tire Carousel
13.7.2. Automatic Tire Carousel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tire Carousel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tire Carousel Market: Market Share Analysis
14.2. Tire Carousel Distributors and Customers
14.3. Tire Carousel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley Black & Decker (Lista)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dexion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vindir (Vertical Storage Solutions)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kardexremstar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kenda Tire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Remco Equipment
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tarmell Equipment Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Felix Loeb
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AS/R Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Donnegan Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MSK Canada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
