Press release
Revolutionizing the Wheel: The Expanding Market for Precision Balancing Weights in the Automotive Industry 2023-2033
Persistence Market Research (PMR) has released a new market study on the wheel balancing weights market that involves the global industry analysis 2014-2018 and forecast 2019-2029. According the product definition, wheel balancing weights or wheel weights (balance weights) are used to balance a tire and wheel assembly. A wobbling and out-of-balance wheel can adversely affect the quality of ride and shorten the life of bearing, tires, and suspension components. Wheel balancing weights act as an indispensable component offering benefits such as fuel saving, enhanced tire efficiency, and improve comfort and safety.To remain 'ahead' of your competitors, request for a samples @ https://www.persistencemarketresearch.com/samples/24439
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.
Increasing Use of Responsive Tires Complementing Wheel Balancing Weight Sales
Vehicles are being made lightweight to enhance the performance parameter. Heavier automobile actually helps in providing a smooth ride by dampening vibrations before the driver could sense them. Another factor is the tire and wheel technology, where more responsive tires are being used with lower profiles. As a result, the slightest imbalance can be felt in most vehicles, proliferating the demand for wheel balancing weights.
Lower environmental impacts and human health coupled with the propensity for steel wheel balancing weights to be made from recycled material appears to position steel wheel balancing weights as the best overall alternative in the upcoming years. Moreover, the growing prominence of alloy wheels around the world is propelling the demand for wheel balancing weights than steel wheels. Several Japan-based and Europe-based OEMs are switching to zinc- and steel-based wheel balancing weights. However, the prevalence of lead-based wheel balancing weights are still high in the aftermarket segment, dampening the sales of alternative wheel balancing weights.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/24439
Asian Economies Emerging as Lucrative Markets
South Asia and East Asia are the crucial helms deciding the fate of the automotive industry and acting as a future driver for the wheel balancing weights market. At a global level, steel-based wheel balancing weights have become the replacement material of choice for almost all OEMs and regional/domestic tire retailers. South Asia and East Asia, still account for significant share for clip-on lead-based wheel balancing weights.
Lead has historically been used to manufacture wheel balancing weights due to its distinct characteristics such as high density, softness, and relatively inexpensive to manufacture and market. The Europe wheel balancing weights market is witnessing substantial growth for zinc-based wheel balancing weights due to the regional dynamics of the zinc material. Whereas, in the Americas, the demand for wheel balancing weights is attributed to the growing adoption of steel-based wheel balancing weights.
Buy Full Report Now @ https://www.persistencemarketresearch.com/checkout/24439
Wheel Balancing Weights Market: Competitive Landscape
Few prominent market participants involved in the manufacturing of wheel balancing weights are 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.
For More Related Sources -
https://www.globenewswire.com/en/news-release/2022/07/28/2487906/0/en/Passenger-Car-Accessories-Market-is-projected-to-expand-steadily-at-a-CAGR-of-5-5-by-2032-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2022/07/11/2477405/0/en/U-S-Golf-Cart-Market-is-projected-to-expand-steadily-at-a-CAGR-of-4-3-by-the-end-of-2032-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2022/06/29/2471173/0/en/Europe-Automotive-Aluminum-Extruded-Parts-Market-sales-expected-to-reach-US-16-7-Bn-by-2032-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2022/06/22/2467311/0/en/Railway-Sleepers-Market-is-estimated-to-increase-at-a-value-CAGR-of-5-7-during-the-forecast-period-of-2022-2032-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2022/05/10/2439898/0/en/Europe-Compact-Wheel-Loader-Market-reach-a-valuation-of-US-2-12-Bn-by-the-end-of-2032-Persistence-Market-Research.html
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us: -
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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 Revolutionizing the Wheel: The Expanding Market for Precision Balancing Weights in the Automotive Industry 2023-2033 here
News-ID: 2926329 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Wheel
Agricultural Tractors Market : 2 Wheel Drive, 4 Wheel Drive 2021-2031 | AMR
The global agricultural tractors market was valued at $59.1 billion in 2021, and is projected to reach $97.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Asia-Pacific is expected to dominate the market, in terms of revenue, followed by Europe, North America, and LAMEA. Increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the agricultural tractors market…
Agricultural Tractors Market : 2 Wheel Drive, 4 Wheel Drive 2021-2031
The agricultural tractors market was valued at $59.1 billion in 2021, and is estimated to reach $97.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Asia-Pacific is expected to dominate the market, in terms of revenue, followed by Europe, North America, and LAMEA. Increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the agricultural tractors market in…
Rail Wheel And Axle Industry Forecast to 2028 Global Market Analysis by Wheel Ty …
A rail wheel and axle is a type of wheel and axel that is specially designed for railways. Growing technological advancements in train networks and trains are compelling train manufacturers to invest heavy sums in R&D for the manufacturing of light materials for wheels and axles for passenger trains, freight trains, and short-distance trains. Rise in the production of locomotives in developing and developed countries are the major driving factor…
Automotive Products |Floating wheel cap and LED Floating Wheel Caps Manufacturer
Bosswellkorea, Inc. was founded in 2014 and is specializing in the development of automotive products, LED lighting floating wheel cap and LED lighting emblem, LED lighting signboard. LED floating wheel cap patent introduction (Korea, USA, Japan, China), Floating wheel cap patent (September 2020). Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world Reliability Test Pass Test Report
A floating wheel cap is a product that fits in the…
Section From Wheel Aligner Market Report 2019 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
Section From Wheel Aligner Market Report 2018 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…