Rising Demand For Automotive Industry Propels Market Growth Due To Enhanced Efficiency And Safety: Key Factor Driving The Growth In The Tire And Wheel Handling Equipment Market

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What Is the Expected Tire And Wheel Handling Equipment Market Size During the Forecast Period?
Over the past few years, the market size for tire and wheel handling equipment has seen robust growth. Its market value is projected to rise from $3.94 billion in 2024 to $4.18 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The spike in growth during the historic era can be associated with factors such as enhanced vehicle manufacturing, higher replacement rates of tires, augmented utilization of heavy-duty vehicles, and the escalating demand for tractors and construction equipment.The market for tire and wheel handling equipment is projected to experience consistent expansion in the ensuing years. The market value is anticipated to reach $4.96 billion in 2029, with a compound annual growth rate (CAGR) of 4.4%. The forecasted growth can be linked to the increase in car manufacturing, trending puncture-proof tire technologies, the growing preference for lightweight materials, and the escalating use of nanotechnology. Additionally, the surge in electric buses and commercial EV usage also contribute to the growth. Key market trends anticipated in the forecast period encompass the incorporation of nanotechnology, the advent of 3D-printed tires, AI-integrated tire pressure monitoring systems (TPMS), the application of adaptive tire technology, the use of bio-based and recycled materials, along with the adoption of water-based and solvent-free adhesives.

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What Are the High-Growth Segments in the Tire And Wheel Handling Equipment Market?
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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What Key Drivers Are Expected to Influence Future Tire And Wheel Handling Equipment Market Growth?
The upward trend in the automotive sector is anticipated to drive the expansion of the tire and wheel handling equipment market. The automotive sector involves the creativity, evolution, production, advertising, and sale of motor vehicles, which includes automobiles, trucks, and motorcycles. The increasing demand is attributed to elements such as escalated consumer demand, advancements in the manufacturing methods, and the transitioning trend towards electric and sustainable commuting. Tire and wheel handling equipment contributes to the automotive industry by ameliorating effective operation, safety, and accuracy when mounting, dismounting, moving, and storing tires and wheels, consequently boosting the processes of vehicle creation, servicing, and repair while diminishing manual work and injuries at the workplace. For example, in January 2025, the Society of Motor Manufacturers and Traders, a trade association based in the UK, predicted UK car and light van production would reach approximately 839,000 units in 2025, soaring to 930,000 units by 2027, and exceeding 1.1 million by 2030. Consequently, the increasing demand in the automotive sector propels the growth of the tire and wheel handling equipment market.

Which Companies Hold the Largest Share Across Different Tire And Wheel Handling Equipment Market Segments?
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

What Trends Are Driving Growth in The Tire And Wheel Handling Equipment Market?
Reflecting a focus on technological innovation, key players in the tire and wheel handling equipment market are concentrating their efforts on creating advanced solutions like next-generation tire changers. These new solutions aim to improve efficiency, safety, and automation in the processes of tire and wheel handling. Next-generation tire changers are advanced, automated apparatus intended to simplify the mounting and demounting of tires from wheels with reduced manual labor. An example of this is the April 2023 launch of the Maxx Tire Changer series by the US-based Coats Company. This next-generation innovation aims to boost efficiency and durability during tire servicing. The series, which includes the Maxx 70, 80, and 90 models, is equipped with technician-friendly features like versatile power options, dual nozzle inflation, and a sturdy build for busy service environments. This greatly benefits the market by enhancing operational productivity and minimizing downtime in tire service centers. Thanks to their user-friendly design and durability, these tire changers are perfect for high-volume outlets.

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What Are the Emerging Geographies for The Tire And Wheel Handling Equipment Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Tire And Wheel Handling Equipment Market?
2. What is the CAGR expected in the Tire And Wheel Handling Equipment Market?
3. What Are the Key Innovations Transforming the Tire And Wheel Handling Equipment Industry?
4. Which Region Is Leading the Tire And Wheel Handling Equipment Market?

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