Wheel Aligner Equipment Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Wheel Aligner Equipment market size is estimated at USD 670.4 million in 2020, expanding at a CAGR 5.8 % from 2021-2027 to reach 780.9 million USD in 2027.
Market Dynamics
Wheel alignment is a type of automotive maintenance that entails correcting the angle of wheels to the specifications of the car manufacturer. The primary goal of a wheel alignment is to decrease tire wear and guarantee that the vehicle travels straight and true. Furthermore, the alignment angles could be changed beyond the manufacturer's specifications to produce unique handling characteristics. These alignments should be completed by a qualified technician using wheel aligner equipment. The vehicle's technician adjusts different suspension angles such as thrust, toe, camber, and caster using wheel aligner equipment, which influences tire movement and position.
The wheel alignment equipment Market is growing as a result of increased MRO (maintenance, repair, and overhaul) operations in the aftermarket automotive. The rising number of vehicles in use, increasing disposable income leading to higher automotive sales on a regular basis, and the need to embrace new technologies for enhanced efficiency are the primary factors driving the growth of the wheel alignment equipment market. Increased demand for transportable and wireless wheel alignment machines is another factor driving the growth of the wheel alignment machine market.
Furthermore, rising urbanization in emerging economies such as Mexico, Brazil, China, and India drives demand for commercial vehicles and passenger cars, which has an indirect impact on the growth of the wheel alignment equipment market throughout the forecast period.
Regional Insights
North America is expected to have a significant share of the worldwide wheel alignment equipment market, owing to the region's relatively large percentage of commercial vehicles, which require regular maintenance and have a direct impact on the wheel alignment equipment market. Europe is expected to contribute a significant part of the worldwide wheel alignment machine market, as the presence of Tier-1 vehicle manufacturers in the area. Furthermore, rising demand for heavy vehicles in the MEA region is expected to propel the wheel alignment equipment market forward.
Segment Insights
The market for Wheel Aligner Equipment is segmented into three sections: Technology, Vehicle Types, and Application. The biggest market share was held by CCD aligner equipment. CCD aligners are less expensive than 3D aligned equipment, and for this reason alone, CCD aligners dominate the worldwide wheel aligner equipment market. based on application, the wheel aligner market is expected to be dominated by the garages sector. Because portable wheel alignment devices are compact in size, they are mostly used by garages and vehicle repair companies. Automobile makers and marketers, on the other hand, employ fixed wheel alignment equipment.
Competitive Insights
The Wheel Aligner Equipment market is very competitive, with both domestic and foreign businesses present. To remain competitive, major firms in the business engage in strategic mergers and acquisitions, partnerships, and new product releases. For example, Hofmann TeSys released an intended to help service personnel pick the necessary equipment for their unique wheel balancing operations in December 2020. The new Hofmann EZ-COLLETS software will give a faster setup, aid enhances balancing accuracy, and assure rim protection.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Wheel Aligner Equipment by technology, vehicle type, region, and application. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- Yingkou Hanway Technology
- Yantai Haide Science And Technology
- WONDER
- Snap-on
- Shenzhen 3Excel Tech
- Shanghai Yicheng Auto-inspection Device Science & Technology
- RAVAmerica
- Manatec Electronics
- Hunter Engineering
- Hofmann TeSys
- Fori Automation
- Corghi
- Beissbarth GmbH
- Atlas Auto Equipment
- ACTIA Group
Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- CCD wheel alignment machine
- 3D wheel alignment machine
Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Two-wheelers
- PC
- LCV
- HCV
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Garages
- Auto Manufacturers & Auto Sellers
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Wheel Aligner Equipment Market Overview
1.1. Product Overview and Scope of Wheel Aligner Equipment
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Wheel Aligner Equipment Market Size Growth Rate Analysis by Technology 2020 VS 2027
1.3.1. CCD wheel alignment machine
1.3.2. 3D wheel alignment machine
1.4. Global Wheel Aligner Equipment Consumption Comparison by Vehicle Type: 2020 VS 2027
1.4.1. Two wheelers
1.4.2. PC
1.4.3. LCV
1.4.4. HCV
1.5. Global Wheel Aligner Equipment Consumption Comparison by Application: 2020 VS 2027
1.5.1. Garages
1.5.2. Auto Manufacturers & Auto Sellers
1.5.3. Others
1.6. Global Wheel Aligner Equipment Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Wheel Aligner Equipment Estimates
1.6.2. Europe Wheel Aligner Equipment Estimates
1.6.3. China Wheel Aligner Equipment Estimates
1.6.4. Japan Wheel Aligner Equipment Estimates
2. Market Competition by Manufacturers
2.1. Global Wheel Aligner Equipment Revenue Market Share by Manufacturers (2020)
2.2. Wheel Aligner Equipment Market Share by Company Technology (Tier 1, Tier 2 and Tier 3)
2.3. Global Wheel Aligner Equipment Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Wheel Aligner Equipment Production Sites, Area Served, Product Aircraft Aircraft Aircraft Technologys
2.5. Wheel Aligner Equipment Market Competitive Situation and Trends
2.5.1. Wheel Aligner Equipment Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Wheel Aligner Equipment Consumption by Region (2016-2021)
3.1. Global Wheel Aligner Equipment Consumption by Region
3.2. Global Wheel Aligner Equipment Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Wheel Aligner Equipment Consumption Growth Rate (2016-2021)
3.2.3. North America Wheel Aligner Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Wheel Aligner Equipment Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Wheel Aligner Equipment Consumption Growth Rate (2016-2021)
3.2.7. Europe Wheel Aligner Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Wheel Aligner Equipment Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Wheel Aligner Equipment Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Wheel Aligner Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Wheel Aligner Equipment Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Wheel Aligner Equipment Consumption Growth Rate (2016-2021)
3.2.15. South America Wheel Aligner Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Wheel Aligner Equipment Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Wheel Aligner Equipment Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Wheel Aligner Equipment Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Wheel Aligner Equipment Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Wheel Aligner Equipment Consumption by Technology (2016-2021)
4.1. Global Wheel Aligner Equipment Price by Technology (2016-2021)
4.2. Global Wheel Aligner Equipment Revenue Market Share by Technology (2016-2021)
4.2.1. CCD wheel alignment machine
4.2.2. 3D wheel alignment machine
5. Global Wheel Aligner Equipment Consumption by Vehicle Type (2016-2021)
5.1. Global Wheel Aligner Equipment Price by Vehicle Type (2016-2021)
5.2. Global Wheel Aligner Equipment Revenue Market Share by Vehicle Type (2016-2021)
5.2.1. Two wheelers
5.2.2. PC
5.2.3. LCV
5.2.4. HCV
6. Global Wheel Aligner Equipment Consumption by Application (2016-2021)
6.1. Global Wheel Aligner Equipment Price by Application (2016-2021)
6.2. Global Wheel Aligner Equipment Revenue Market Share by Application (2016-2021)
6.2.1. Garages
6.2.2. Auto Manufacturers & Auto Sellers
6.2.3. Others
7. Key Companies Profiled
7.1. Yingkou Hanway Techonology
7.1.1. Yingkou Hanway Techonology Wheel Aligner Equipment Corporation Information
7.1.2. Yingkou Hanway Techonology Wheel Aligner Equipment Product Portfolio
7.1.3. Yingkou Hanway Techonology Wheel Aligner Equipment Consumption, Price and Gross Margin (2016-2021)
7.1.4. Yingkou Hanway Techonology Main Business and Markets Served
7.1.5. Yingkou Hanway Techonology Recent Developments/Updates
7.2. Yantai Haide Science And Technology
7.3. WONDER
7.4. Snap-on
7.5. Shenzhen 3Excel Tech
7.6. Shanghai Yicheng Auto-inspection Device Science & Technology
7.7. RAVAmerica
7.8. Manatec Electronics
7.9. Hunter Engineering
7.10. Hofmann TeSys
7.11. Fori Automation
7.12. Corghi
7.13. Beissbarth GmbH
7.14. Atlas Auto Equipment
7.15. ACTIA Group
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Wheel Aligner Equipment Distributors List
8.3. Wheel Aligner Equipment Customers
9. Market Dynamics
9.1. Wheel Aligner Equipment Industry Trends
9.2. Wheel Aligner Equipment Growth Drivers
9.3. Wheel Aligner Equipment Market Challenges
9.4. Wheel Aligner Equipment Market Restraints
10. Global Wheel Aligner Equipment Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Wheel Aligner Equipment, by Regions and Country
10.1.1. North America Forecasted Consumption of Wheel Aligner Equipment by Country
10.1.2. Europe Market Forecasted Consumption of Wheel Aligner Equipment by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Wheel Aligner Equipment by Region
10.1.4. Latin America Forecasted Consumption of Wheel Aligner Equipment by Country
10.1.5. Middle East and Africa Forecasted Consumption of Wheel Aligner Equipment by Country
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Technology
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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