Press release
Research report explores the Wheel Balancing Weights Market
Additionally, the report offers a thorough analysis of the wheel balancing weights market for the upcoming ten years. The report on wheel balancing weights summarizes macroeconomic factors that could assist and influence the growth of the wheel balancing weights market and forecast factors. Moreover, the report titled- wheel balancing weights market, as per the assessment, it was estimated at ~US$ 420 Mn in 2018 and is anticipated to reach a value of ~US$ 750 Mn by the end of 2029, influenced by the cyclic trend of the automotive industry and new product launches. The wheel balancing weights market is expected to grow at a moderate CAGR of ~6% during the assessment period.
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FACTS AT A GLANCE
Companies: WEGMANN Automotive GmbH (Brands covered are HOFMANN POWER WEIGHT, Perfect Equipment Inc., Plombco), 3M Automotive, Hennessy Industries, LLC (BADA), Wurth USA, Inc., HARTEC s.a.l (Hatco brand), Cangzhou Yaqiya Auto Parts Manufacturer Co., Ltd., BeiJiaDe Auto Accessory Co., Ltd., BendPak Inc., Banner GmbH, Trax JH Ltd., P.C. Products Company International Limited, Bharat Balancing Weightss, B.S. Wheel Balance Pvt. Ltd., Italmatic Srl, Toho Kogyo Co., Ltd., and TOHO ZINC CO., LTD., among others
Coverage: All major geographies and key segments
Segments: Wheel Balancing Weights Market Segmented By Clip-on Weights, Adhesive Weights Product Type with Material used Lead, Zinc, Steel, Tin in Steel Wheel and Alloy Wheel Type
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
This PMR study offers an analysis and forecast of the global Wheel Balancing Weights market between 2019 and 2029. The Wheel Balancing Weights market study considers 2018 as the base year, with market values estimated for 2019, and a forecast developed for the duration between 2019 and 2029. Compound Average Growth Rate (CAGR) has been represented from 2019 to 2029. The study covers various perspectives of the global wheel balancing weights market, including market dynamics, value chain, pricing analysis, competition analysis, regional, and segmental growth comparison, and macro-economic along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global wheel balancing weights market is projected to grow at a CAGR of approximately 6% between 2019 and 2029 in terms of value. Increasing investment and development of production capacities to play a pivotal role in the development of wheel balancing weights market.
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This Persistence Market Research report carefully analyses the wheel balancing weights market at a global and regional level, through market segmentation on the basis of key parameters such as product type, material type, vehicle type, wheel type, and sales channel. The primary objective of the report is to offer key insights on market updates, competition positioning, growth rates, and other relevant information, and statistics in a suitable manner to the readers or various stakeholders in the wheel balancing weights market. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global wheel balancing weights market.
The report is structured to allow readers to develop a thorough understanding of the wheel balancing weights market. It begins with market definitions, which are followed by the market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Each section covers a qualitative and quantitative assessment of the Wheel Balancing Weights market on the basis of facts, historical developments, and key opinions collected from industry participants through dedicated interviews and trends in the Wheel Balancing Weights market.
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