openPR Logo
Press release

Wheel Alignment Systems among Equipment Type to Gain Lion’s Share of the Wheel and Tire Service Equipment Market, Fact.MR

02-26-2021 08:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Wheel Alignment Systems among Equipment Type to Gain Lion’s

Increasing sales of automobiles has instrumented an upsurge in demand for equipment that properly maintain the vehicles and service their key parts such as wheels and tires. Garage owners are installing advanced wheel and tire service equipment to capitalize on growing wheel replacement rate and the degrading quality of tires. Customization needs of vehicle owners is another factor driving the demand for wheel and tire service equipment. Fact.MR’s latest forecast study on the global wheel and tire service equipment market projects that by the end of 2026, wheel and tire service equipment worth over US$ 4.5 Bn will be sold across the globe. The report also reveals that the global wheel and tire service equipment market will expand at a moderate CAGR of 3.5% in terms of volume, during the forecast period, 2017-2026.

Browse Full Report, visit: https://www.factmr.com/report/468/wheel-tire-service-equipment-market

Key Insights from the Report

In 2017, around 720 thousand units of wheel and tire service equipment were sold across the globe. The report estimates that wheel and tire service equipment will be predominantly used for light vehicles in the forthcoming years. On the other hand, the use of wheel and tire service equipment for heavy vehicles will register highest volume CAGR of 5% over the forecast period.

Throughout the forecast period, majority of wheel and tire service equipment are expected to be used in independent garages. By the end of 2026, independent garages from all over the world will have bought around 796 thousand units of wheel and tire service equipment.

In 2018 and beyond, more than half of the wheel and tire service equipment manufactured in the world will be used for wheel alignment. The report projects that wheel alignment systems will be remain a top-selling wheel and tire service equipment in the automotive industry. By 2026-end, the demand for wheel balancers will also gain traction, registering sales of more than 488 thousand units.

Request a report sample to gain valuable insights: https://www.factmr.com/connectus/sample?flag=S&rep_id=468

Asia-Pacific excluding Japan (APEJ) has been observed as the largest marketplace in the global wheel and tire service equipment landscape. High presence of automakers in APEJ countries such as China, India and South Korea, coupled with favorable industrial regulations and availability of low-wage labor, will continue to drive the growth of wheel and tire service equipment market in the APEJ region through 2026. By the end of forecast period, nearly 650 thousand units of wheel and tire service equipment will be sold across the APEJ region.

The report has also identified the key players in the global wheel and tire service equipment market. Companies namely, Arex Test Systems B.V., Boston Garage Equipment Ltd., Robert Bosch GmbH, Continental AG, Aro Equipments Pvt. Ltd LKQ Coatings Ltd., Istobal S.A., Con Air Equipments Private Limited, Vehicle Service Group, Gray Manufacturing Company, Inc., Symach SRL Standard Tools and Equipment Co., VisiCon Automatisierungstechnik GmbH, MAHA Mechanical Engineering Haldenwang GmbH & Co. KG, Snap-on Incorporated, Samvit Garage Equipments, Sarveshwari Technologies Limited (SARV), Oil Lube Systems Pvt Ltd., Guangzhou Jingjia Auto Equipment Co., Ltd., and Nussbaum Automotive Solutions Lp have been profiled in the report as global leaders in manufacturing wheel and tire service equipment. These companies are expected to remain active throughout the forecast period in the expansion of the global wheel and tire service equipment market.

For More Detailed Information about Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=468

 

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wheel Alignment Systems among Equipment Type to Gain Lion’s Share of the Wheel and Tire Service Equipment Market, Fact.MR here

News-ID: 2249584 • Views:

More Releases from Fact.MR

Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C., Hydro Flask Lead - Fact.MR
Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C …
The global insulated drinkware market was valued at US$ 1.39 billion in 2023 and is forecasted to expand at a 6.3% CAGR over the next ten years. Worldwide sales of insulated drinkware are projected to reach US$ 2.57 billion by 2033-end.This robust growth is driven by increasing consumer awareness of sustainability, rising participation in outdoor activities, and the growing demand for reusable, eco-friendly products amid bans on single-use plastics. The market
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB Ltd, ANSYS, Inc, AT&T Inc, AVEVA Group plc, Bentley Systems
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 | Fact.MR Report
09-02-2025 | Health & Medicine
Fact.MR
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 2035
09-02-2025 | Health & Medicine
Fact.MR
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable

All 5 Releases


More Releases for Equipment

Construction Equipment Rental (Ez Equipment Rental)
Whatever Your Project Needs, We Have The Solution We understand purchasing heavy equipment isn't always the best option for a business, especially if you only need a machine temporarily. EZ Equipment Rental LLC services industrial businesses with the equipment they need to operate, as well as homeowners and handymen tackling residential projects. Our inventory is stocked with bucket trucks, concrete equipment, generators, lighting, pumps, saws, jumping jacks, air compressors, pressure washers, earthmoving
Laboratory Equipment Services Market, By Equipment Type (Analytical Equipment, G …
Laboratory equipment services basically encompass a wide range of services such as repair and maintenance, calibration, and validation that help labs run more efficiently, increase machine uptime, and improve testing and production results. Equipment servicing, user training, installation & modification, maintenance services, and equipment validation and calibration are just a few of the services available. View Detailed Report: https://www.databridgemarketresearch.com/reports/global-laboratory-equipment-services-market Global Laboratory equipment services Market was valued at USD 10.86 billion in 2021
Food Service Equipment Market Size, Share, Trends, Growth Analysis Report By Equ …
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033 The Business Research Company presents an extensive market research report on the ""Food Service Equipment Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments. Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities,
Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,
Global Construction Equipment Rental Market 2018 - Ahern Equipment Rental, Cater …
The global Construction Equipment Rental market research report 2019 -2023 proposes a thorough analysis of the Construction Equipment Rental market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Construction Equipment Rental market report provides a wide-range of Construction Equipment Rental market segmentation Earthmoving
Durable Medical Equipment Market Size, Durable Medical Equipment Market Share, D …
According to a new study published by Polaris Market Research the Global Durable Medical Equipment (DME) market is anticipated to reach USD 246.6 billion by 2026. Request for Sample of This Research Report @ https://bit.ly/2PNhMF7 Top Key Players:- Stryker Corporation Medtronic plc Baxter International Medline Industries Becton Dickinson and Company Sunrise Medical (US) LLC Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment