Tire And Wheel Handling Equipment Market Size Forecast: $5.05 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Tire And Wheel Handling Equipment Market by 2025?
The market for tire and wheel handling equipment has witnessed a consistent expansion in recent years. It's projected to increase from $3.94 billion in 2024 to $4.12 billion in 2025, marking a compound annual growth rate (CAGR) of 4.5%. Factors responsible for growth during the historical period include heightened vehicle production, climbing tire replacement frequencies, augmented use of heavy-duty vehicles, and a surging demand for tractors and construction equipment.

What Is the Estimated Market Growth Value for the Tire And Wheel Handling Equipment Industry in 2029?
The market for tire and wheel handling equipment is predicted to experience robust growth in the coming years, reaching a valuation of $5.05 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 5.2%. This projected growth can be ascribed to factors such as the expansion of automotive production, increased acceptance of puncture-resistant tire technologies, a preference for lightweight materials, an uptick in nanotechnology usage, and an amplified adoption of electric buses and commercial EVs. The forecast period is also expected to see significant trends such as the incorporation of nanotechnology, 3D-printed tires, AI-enhanced tire pressure monitoring systems (TPMS), adaptive tire technology, the use of bio-based and recycled materials, and the introduction of water-based and solvent-free adhesives.

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What Are the Growth Drivers and Opportunities in the Tire And Wheel Handling Equipment Market?
The tire and wheel handling equipment market is predicted to flourish due to the escalating demand within the automotive industry. This industry oversees the conceptualization, formation, which includes the manufacturing, promotion, and deal of motor vehicles, including cars, trucks, and motorcycles. The burgeoning demand for the automotive industry is associated with the growth in consumer demand, breakthroughs in manufacturing technology, and the increasing conversion towards electric and sustainable transportation. Tire and wheel handling equipment advances the automotive industry by enhancing efficiency, safety, and precision in mounting, dismounting, transporting, and storing tires and wheels, ultimately boosting vehicle production, maintenance, and repair procedures while cutting down on physical labor and workplace injuries. As an illustration, the Society of Motor Manufacturers and Traders, a UK-based trade association, projected in January 2025 that UK car and light van production will touch approximately 839,000 units in 2025, 930,000 units by 2027, outperforming 1.1 million by 2030. Hence, the growth in demand for the automotive industry is stimulating the advancement of the tire and wheel handling equipment market.

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What Are the Primary Segments Covered in the Global Tire And Wheel Handling Equipment Market Report?
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

What Are the Top Growth Trends in the Tire And Wheel Handling Equipment Market?
Leading corporations active in the tire and wheel handling equipment sector are concentrating on creating technologically advanced solutions, like next-generation tire changers, to improve efficiency, safety, and automation within tire and wheel handling operations. The term next-generation tire changers refers to sophisticated, automated tools designed to simplify the tedious task of mounting and demounting tires from wheels with minimal physical effort. For example, in April 2023, the American wheel service equipment firm, Coats Company, unveiled the Maxx Tire Changer series. This series represents the next breed of tire changers aimed at augmenting efficiency and longevity in tire servicing. The series comprises the Maxx 70, 80, and 90 models, engineered with user-friendly features such as adaptable power options, dual nozzle inflation, and sturdy build quality to withstand high-volume service conditions. Such advancements have significantly benefited the market by enhancing operational efficiency and minimizing downtime in tire service centers. These tire changers are constructed for user-friendliness and durability, making them perfect for high-traffic workshops.

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Which Companies Are Shaping the Future of 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

Which Region Holds the Largest Market Share in the Tire And Wheel Handling Equipment Industry?
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.

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