Comprehensive Study Report on Wheel and Tire Service Equipment Industry Market Trends, Size and Market Growth Review (2017-2026) by Vehicle Type (Two Wheelers, Light & Heavy Vehicles), by Regions - North America, Latin America, Europe, APEJ, MEA

Dublin 2, Ireland, 2018-Jul-17 — Surging average vehicle age has been triggering demand for maintenance and replacement of wheels and tires in automobiles, thereby creating demand for relevant service equipment. Growing awareness of consumers regarding vehicle safety and repair, surging OEM dealerships and increasing number of specialty wheel and tire shops are further supporting demand for wheel and tire service equipment. This FactMR report discusses key prospects for growth of global Wheel and Tire Service Equipment Market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

The scope of the report is to analyze the global wheel and tire service equipment market for the period 2017-2026 and give readers an accurate, unbiased analysis. Wheel and tire service equipment manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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Aging vehicles, growing annual mileage and retaining patterns in vehicle owners are creating recurring demand for advanced wheel and tire service equipment. Technological convergence has been scaling down large when and tire service equipment tools, enabling them to fit within automobiles. Equipment optimization has led toward the development of compact, sophisticated products integrated with sensor-based applications for diagnosing real-time service escalation requirements.

Manufacturers are now focusing on acquiring proper balance in product mix and placement for meeting expectations in demand and maintaining a competitive advantage. Sonar-driven functions, optical imaging, and virtual reality systems are among high-tech features being implemented in the current wheel and tire service equipment, which in turn are likely to influence demand for these equipment. However, lower uptake of services associated with wheels and tires, and the trend of adoption of do-it-yourself equipment are likely to restrain demand for wheel and tire service equipment.

On the basis of equipment type, wheel alignment systems are likely to gain lion’s share of the market by 2026-end, in terms of value. This is mainly because of penetration of computerized wheel alignment systems, which are completely automatic, highly accurate, precise and quick in operation. In addition, manufacturers are focusing on the development of wheel alignment systems with properties such as protection in wheel clamping, user-friendly calibration and automatic self-check.

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In terms of value, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative market for wheel and tire service equipment, mainly driven by the robust expansion of the automotive sector in the region. In addition, relatively less developed roadways in suburban as well as in various urban areas has led to higher prevalence of damage to vehicles in the region. Europe will also remain a lucrative region for the market growth on the back of rapid technological advancements in the region’s automotive industry.

Competition Tracking

Imperative assets of market players include brand image and penetration through state-of-the-art equipment. In addition, wheel and tire service equipment manufacturers are infusing relatively lower cost products for attracting smaller, price-sensitive garages. Key players identified by FactMR’s report include Arex Test Systems B.V., Robert Bosch GmbH, Aro Equipments Pvt. Ltd, Istobal S.A., Vehicle Service Group, Symach SRL, VisiCon Automatisierungstechnik GmbH, Snap-on Incorporated, Sarveshwari Technologies Limited (SARV), and Guangzhou Jingjia Auto Equipment Co., Ltd.

Table of Contents

Global Economic Outlook
Global Wheel and Tire Service Equipment Market - Executive Summary
2.1. Opportunity Assessment

2.2. Mega Trends

Global Wheel and Tire Service Equipment Market Overview
3.1. Introduction

       3.1.1. Global Wheel and Tire Service Equipment Market Taxonomy

       3.1.2. Global Wheel and Tire Service Equipment Market Definition

3.2. Global Wheel and Tire Service Equipment Market Size (US$ Mn), Volume (‘000 Units) and Forecast, 2012-2026

       3.2.1. Global Wheel and Tire Service Equipment Market Y-o-Y Growth

3.3. Overall Automotive Repair and Maintenance Industry Analysis

3.4. Garage Equipment Industry Analysis

3.5. Global Wheel and Tire Service Equipment Market Dynamics

       3.5.1 Market Drivers

       3.5.2. Market Restraints

       3.5.3. Market trends……………………………….CONTINUED

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This release was published on openPR.