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Off-Road Vehicles to Reflect a Sharp Increase in  3D Wheel Aligners Market Volume Share between 2017 and 2026 || Key Players: Actia Muller, Yingkou Dali Automobile Maintenance Equipment, Panther Electronic Machinery Manufactory Ltd.

03-07-2019 07:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Off-Road Vehicles to Reflect a Sharp Increase in  3D Wheel

 Bad weather conditions and growing disregard for road maintenance is worsening the state of roads in several parts of the world, and wheel alignment systems are witnessing a sharp increase in demand. 3D wheel aligners, a key advancement in wheel alignment systems, are being sought to attain accurate assessment of nonalignment by capturing the condition of wheels and the axle three-dimensionally. Fact.MR foresees the global demand for 3D wheel aligners to emerge moderately in the coming years. While their uptake remains impeded by presence of alternatives such as CCD wheel aligners, and incompatibility in traditional automotive maintenance settings, the global market for 3D wheel aligners will continue to spearhead towards US$ 190 million valuation by the end of 2026.

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The Fact.MR forecast study estimates a 4.2% CAGR growth for the 3D wheel aligners market in terms of volume over the period, 2017-2026. Majority of 3D wheel aligners are expected to be manufactured in the Asia-Pacific excluding Japan (APEJ) region. However, the demand for 3D wheel aligners is expected to be marginally high in Europe, as compared to North America and the APEJ 3D wheel aligners markets.

4-Camera 3D wheel aligners will lose their market traction, which will be picked up by 5-Camera and 6-Camera 3D wheel aligners

In 2017, around 37% of 3D wheel aligners sold in the world were developed on 4-camera designs. The demand for 4-camera 3D wheel aligners is pegged to remain highest in the global market through 2026. However, their share on global market value will dwindle towards the end of the forecast period. Alignment limitations of 4-camera 3D wheel aligners will impede their uptake, compared to 5-camera or 6-camera 3D wheel aligners.

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On-road vehicles will represent highest adoption of 3D wheel aligners in their maintenance operations. High frequency of wheel nonalignment in off-road vehicles, on the other hand, will drive their share on global market volumes from 25.9% in 2017 to 28.4% by 2026-end.

Majority of 3D wheel aligners today are being equipped with pit version mounting capabilities. Their traction is pegged to dwindle in the coming years, and end-users will prefer mounting 3D wheel aligners through lift version. The report also estimates that use of 3D wheel aligners in garages will be less profitable than their auto manufacturing applications, which will account for more than 50% of global market volumes through 2026.

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Key players in the global 3D wheel aligners market are expanding their manufacturing bases in the Asia-Pacific region. The manufacturing landscape of 3D wheel aligners will witnesses participation of companies namely, Hunter Engineering Company, Snap-on Incorporated, Corghi S.p.A., Beissbarth GmbH, Wonder Internation Sdn Bhd, Launch Tech Co., Ltd, Yantai Haide Science And Technology, Shenzhen 3Excel Tech Co.,Ltd., Actia Muller, Yingkou Dali Automobile Maintenance Equipment, Panther Electronic Machinery Manufactory Ltd., and Yingkou Hanway Techonology Co. Ltd.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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