Key Influencer in the Tire And Wheel Handling Equipment Market 2025: Rising Demand For Automotive Industry Propels Market Growth Due To Enhanced Efficiency And Safety Driver

What combination of drivers is leading to accelerated growth in the tire and wheel handling equipment market?
The tire and wheel handling equipment market is predicted to boom in response to the expanding needs of the automotive industry. This industry, which entails the designing, developing, manufacturing, marketing, and selling of automobiles like cars, trucks, and motorcycles, has seen a surge in demand due to factors including increasing consumer needs, technological advancements in manufacturing, and a transition towards electric and sustainable transportation. The role of tire and wheel handling equipment is crucial in this industry, enhancing efficiency, safety, and precision when it comes to mounting, dismounting, transporting, and storing tires and wheels. This boosts the processes of vehicle manufacturing, maintenance, and repair, while also decreasing manual labor and workplace injuries. For example, as per the UK's Society of Motor Manufacturers and Traders, UK car and light van production is anticipated to reach about 839,000 units in 2025, increase to 930,000 units by 2027, and exceed 1.1 million by 2030. Consequently, the escalating needs of the automotive industry is steering the growth of the tire and wheel handling equipment market.

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What is the projected compound annual growth rate (CAGR) of the tire and wheel handling equipment market from 2025 to 2034, and what factors influence it?
The market for tire and wheel handling equipment has experienced significant growth in recent years. The market value is projected to increase from $3.94 billion in 2024 to $4.18 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%. Factors such as increased vehicle production, high tire replacement rates, heightened use of heavy-duty vehicles, and a rising demand for tractors and construction equipment have contributed to its growth during the historical period.

The market size for tire and wheel handling equipment is projected to consistently expand over the next few years. It's anticipated that it will reach $4.96 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.4%. This expected growth in the forecasted period can be linked to factors such as an increase in the production of automobiles, greater acceptance of puncture-proof tire technologies, a higher preference for lightweight materials, increased utilization of nanotechnology, and a surge in the introduction of electric buses and commercial Electric Vehicles (EVs). The prediction period is likely to be marked by key trends such as the incorporation of nanotechnology, the emergence of 3D-printed tires, AI-powered tire pressure monitoring systems (TPMS), adaptive tire technology, the use of bio-based and recycled materials, and the implementation of water-based and solvent-free adhesives.

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How are the latest trends influencing the growth of the tire and wheel handling equipment market?
Leading businesses in the tire and wheel handling equipment market are prioritizing the production of technologically innovative products, like next-gen tire changing tools, to amplify safety, efficiency, and automation in their facilities. These next-gen tire changers are sophisticated, automated devices constructed to simplify and expedite the mounting and dismounting of tires with minimal manual input. For instance, in April 2023, US-based Coats Company, known for their wheel service equipment, introduced the Maxx Tire Changer series - a new wave of tire changers, designed to boost efficiency and longevity in tire service. The series comes with the Maxx 70, 80, and 90 models, all of which are equipped with features that favor technicians, such as adaptable power solutions, dual nozzle inflation, and sturdy build for high-traffic service environments. This innovation greatly adds value to the market by improving functional productivity and minimizing downtime in tire service centers. The tire changers from this series have been engineered for easy use and prolonged durability, making them perfect for busy shops.

What are the major segments of the tire and wheel handling equipment market and their role in driving growth?
The tire and wheel handling equipment market covered in this report is segmented -

1) By Equipment Type: Wheel Balancer, Tire Changer, Tire Inflator, Wheel Alignment Systems, Lifting Equipment
2) By Vehicle Type: Two-Wheelers, Passenger Vehicles, Commercial Vehicles
3) By Operation Mode: Manual, Semi-Automatic, Fully Automatic
4) By End User: Automotive Repair Shops, Tire Service Centers, Motorcycle Repair Shops, Automotive Original Equipment Manufacturer (OEM) Dealerships

Subsegments:
1) By Wheel Balancer: Static Wheel Balancers, Dynamic Wheel Balancers, Laser-Guided Wheel Balancers, Computerized Wheel Balancers
2) By Tire Changer: Manual Tire Changers, Semi-Automatic Tire Changers, Fully Automatic Tire Changers, Heavy-Duty Tire Changers (for Trucks & Buses)
3) By Tire Inflator: Digital Tire Inflators, Analog Tire Inflators, Portable Tire Inflators, Automated Tire Inflation Systems
4) By Wheel Alignment Systems: 2-Wheel Alignment Systems, 4-Wheel Alignment Systems, Laser-Based Wheel Alignment Systems, 3D Wheel Alignment Systems
5) By Lifting Equipment: Hydraulic Car Lifts, Pneumatic Tire Lifts, Scissor Lifts, Portable Wheel Lifts

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Which regions are key players in the growth of the tire and wheel handling equipment market?
North America was the largest region in the tire and wheel handling equipment market in 2024. The regions covered in the tire and wheel handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the tire and wheel handling equipment market?
Major companies operating in the tire and wheel handling equipment market are Snap-on Incorporated, Kärcher Inc., Coats Company, Hofmann Equipment, JLG Industries Inc., JR Automation, Bastian Solutions, Hunter Engineering Company, Camso Inc., Ravaglioli S.p.A., Corghi S.p.A., Cimcorp Automation Ltd., BendPak Inc., Dunn Tire LLC, Bosch Automotive Service Solutions, Nandan GSE, Emerald Tyres, Martins Industries, Ace Ventura Tyres and Tracks, Cleveland Equipment

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What Is Covered In The Tire And Wheel Handling Equipment Global Market Report?

•Market Size Forecast: Examine the tire and wheel handling equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the tire and wheel handling equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the tire and wheel handling equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the tire and wheel handling equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the tire and wheel handling equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the tire and wheel handling equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the tire and wheel handling equipment market.
•Competitive Landscape: Review strategic developments in the tire and wheel handling equipment market, including expansions, agreements, and new product launches.

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