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Automotive Wheel Alignment Service Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Automotive Wheel Alignment Service MarketWheel alignment sometimes referred to as breaking, or tracking is part of standard automobile maintenance that consists of adjusting the angles of wheels to the car manufacturer specifications. The purpose of these adjustments is to reduce tire wear and to ensure that vehicle travel is straight and true (without "pulling" to one side). Alignment angles can also be altered beyond the maker's specifications to obtain a specific handling characteristic. Motorsport and off-road applications may call for angles to be adjusted well beyond normal, for a variety of reason
The global Automotive Wheel Alignment Service market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Automotive Wheel Alignment Service is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Automotive Wheel Alignment Service is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
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The global market for Automotive Wheel Alignment Service in OEM is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Automotive Wheel Alignment Service include 3M, BMW AG, Bridgestone Corporation, Continental AG, DRiV Incorporated, Ford Motor Company, General Motors, Mahindra and Mahindra Ltd. and Mercedes Benz, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Automotive Wheel Alignment Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Wheel Alignment Service.
The Automotive Wheel Alignment Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automotive Wheel Alignment Service market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Wheel Alignment Service companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Type
• Passenger Vehicles Wheel Alignment
• Commercial Vehicles Wheel Alignment
By Application
• OEM
• Aftermarket
Key Players
3M, BMW AG, Bridgestone Corporation, Continental AG, DRiV Incorporated, Ford Motor Company, General Motors, Mahindra and Mahindra Ltd., Mercedes Benz, MRF, Robert Bosch GmbH, TBC Corporation, The Goodyear Tire and Rubber Company, Tire Prose Francorp, Toyota Motor Corporation, Volkswagen AG
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