Wheel Alignment Machine Market 2023 Industry Trends, Future Demands, Growth Factors, Emerging Technologies

The global wheel alignment machine market size was valued at US$ 709.28 million in 2021, and anticipated to grow at a CAGR of 6.1% over the forecast period. Machines for wheel alignment are equipment used for wheel alignment during assembly, maintenance, and repair. The equipment adjusts the vehicle's wheels into the preferred position recommended by the original equipment manufacturers. The camber, toe, and caster angles are examined, improper wheel alignment is determined, and the angles are adjusted to set the wheel specification. Wheel alignment machine extends the life of tyres, lowers the cost of car maintenance, increases comfort while driving, and enhances vehicle safety.

To align the wheel directions and ensure that the vehicle points straight forward, a front-end alignment machine is used. By modifying the shims behind the upper mounting brackets of the front and rear wheels, a truck alignment machine aligns the truck. When maintaining tight tolerances is essential, CNC machine tool alignment and test equipment are utilised to increase a machine's precision and performance. To control flight parameters such as yaw, pitch, and roll flight parameter alignment is used.

Due to an increase in MRO (maintenance, repairing, and overhaul) operations in the automotive aftermarket, the wheel alignment machine industry is expanding. The market for wheel alignment machines is expanding primarily due to the rising number of cars on the road, high disposable income that boosts annual car sales, and the demand for cutting-edge technology for increased productivity. The need for portable and wireless wheel alignment machines are also anticipated to fuel the market's expansion.

Additionally, rising urbanisation in emerging economies like Brazil, Mexico, India, and China drives up demand for passenger and commercial cars, which in turn has an indirect impact on the expansion of the wheel alignment machine market over the forecast period.

Wheel alignment machines require expert technicians to repair and maintain them, and the initial installation cost of the entire wheel alignment system is high. However, the trend toward using better tools and technology to achieve better results will boost demand for wheel alignment machines during the course of the projection period.

Technology Insights

By technology, the market is classified into CCD wheel alignment machine and 3D wheel alignment machine. Since they are less expensive than 3D wheel alignment machines, CCD wheel alignment machines made up a sizeable portion of the market in 2021. Both technologies are not interchangeable and function according to entirely different principles. Both the technology yields the same outcomes, however there could be some variations based on the operator or other work conditions.

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Mobility Insights

In terms of mobility, the global wheel alignment machine market is bifurcated into fixed and portable. The portable wheel alignment machines segment gain major market share because of its various benefits and applications. Portable wheel alignment machines are commonly used in vehicle repair shops and are compact. The majority of fixed wheel alignment equipment is found in auto assembly plants.

Vehicle Type Insights

On the basis of vehicle type, passenger car segment gain major market share in 2021, due to increasing disposable income and urbanization, which are fostering the demand for passenger cars. Therefore, it is anticipated that the growth of the passenger car segment will propel the global market growth.

Regional Insights

In terms of region,  Asia pacific region accounted for largest market share in 2021, owing to rising disposable income and living standards among the middle class. Additionally, the market is expected to hold a significant position in developed Asia-Pacific countries like Japan and India due to an increase in the size of the country's fleet of passenger cars. The Asia Pacific region is largely influenced by the increased use of vehicles and vehicle sales.

Due to the relatively large percentage of commercial vehicles in the region, which require frequent maintenance and have a direct impact on the wheel alignment machine market, North America is predicted to represent a significant share of the global wheel alignment machine market.

Due to the presence of Tier-1 vehicle manufacturers in the region, Europe is anticipated to contribute a sizeable share to the global market for wheel alignment machines. Moreover, it is projected that growing demand for large commercial vehicles in the MEA region will fuel the market's expansion for wheel alignment machines in the region.

Key Companies Insights

Some of the major companies studied under the market scope are as follows: Hunter Engineering Company, Atlas Auto Equipment, Eagle Equipment, RAVAmerica, Sunrise Instruments Private Limited, Delta Equipments, Hofmann TeSys, Snap-on Incorporated, Fori Automation, Manatec Electronics Private Limited, Vehicle Service Group (A Dover Company) and Others. Major players operating in the ecosystem experiences strong competition owing to the presence of large number of players on the global and regional scale. Further, various strategies are adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.

In 2022, A new version of Absolute Alignment's well-known Bluetooth Lite wheel aligner was launched. The new model was created using the already-existing "Lite" product by a specialist in wheel alignment equipment. The new Bluetooth Lite is easy to use anywhere in the workshop and has a very tiny footprint.

In 2021, The R1090 Pro 3D Alignment System was launched by Rotary, a division of Vehicle Service Group (VSG), and Dover. It has a tower-free design and a portable, space-saving cabinet that eliminates the need for a dedicated bay and gives shops with limited space the flexibility to perform wheel alignments anywhere.

In 2020, The 'Quick Check Drive' touch-less wheel alignment inspection system has been launched in India by Hunter, the world leader in wheel service and inspection equipment.

Segments

By Technology

· CCD Wheel Alignment Machine

· 3D Wheel Alignment Machine

By Product Type

· Imaging Wheel Alignment Machine

· Diagnostic Wheel Alignment Machine

By Mobility

· Fixed

· Portable

By Vehicle Type

· Passenger

· Commercial

· Others

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Reasons to Purchase Wheel Alignment Machine Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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