Press release
Wheel Aligner Equipment Market Size to Reach $2.05 Billion by 2029 | Growth at 6.5% CAGR Forecast
Wheel Aligner Equipment Market
What is the Projected Market Size of the Wheel Aligner Equipment Industry?
In recent times, the market size for wheel aligner equipment has exhibited robust growth. The market size, which stood at $1.51 billion in 2024, is expected to grow to $1.6 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 5.8%. The historic growth is due to factors such as heightened demand for heavy-duty wheel aligners, burgeoning motorsports industry, increased preference for multi-functional alignment systems, a surge in demand for commercial vehicles, and a rise in demand for electric vehicles (EVs).
What Will Be the Size of the Wheel Aligner Equipment Market by 2029?
It is anticipated that the wheel aligner equipment market will experience significant expansion in the approaching years, with its value estimated to reach $2.05 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.5%. This predicted growth within the projection period can be ascribed to factors such as an increase in automotive repairs, upswing in vehicle manufacturing, escalating intricacy in vehicle suspension systems, growth in disposable income, and a surge in demand for versatile alignment systems. Key trends to watch in this period include technological innovation, vehicle diagnostic systems, mobile wheel aligners, software-centric alignment solutions and the incorporation of telematics.
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What Are the Key Drivers Accelerating Growth in the Wheel Aligner Equipment Market?
The expansion of the wheel alignment equipment market is set to be fueled by the growing demand in the automotive sector. The automobile sector includes the creation, manufacturing, promotion, and the sell of vehicles like cars, trucks, motorcycles along with their related components. The surge in demand is attributable to factors such as rising disposable incomes, urbanization, government incentives, and escalating use of commercial vehicles in e-commerce and logistics sectors. Wheel alignment tools utilized in the automotive sector adjust wheel angles to augment vehicle safety, fuel efficiency, and to prolong the life of tires, making it crucial for service stations, repair shops and manufacturing units. For example, estimates from the Society of Motor Manufacturers and Traders, a trade association based in the UK, suggest that light van and car production in the UK could hit approximately 839,000 units in 2025, climb up to 930,000 units by 2027, and potentially surpass 1.1 million by 2030. Hence, the escalating demand for the automotive sector is facilitating the growth of the wheel alignment equipment market.
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How Is the Wheel Aligner Equipment Market Segmented by Type, Application, and Region?
The wheel aligner equipment market covered in this report is segmented -
1) By Product Type: Imaging Wheel Aligners, Conventional Wheel Aligners, Truck Wheel Aligners
2) By Mobility: Fixed, Portable
3) By Technology: 3D Wheel Aligners, Laser-Based Wheel Aligners, Infrared Wheel Aligners, Other Technologies
4) By End Users: Garages, Auto Original Equipment Manufacturers, Other End Users
Subsegments:
1) By Imaging Wheel Aligners: 3D Imaging Wheel Aligners, CCD (Charge-Coupled Device) Wheel Aligners, Laser-Based Imaging Wheel Aligners, High-Precision Digital Imaging Wheel Aligners
2) By Conventional Wheel Aligners: Manual Wheel Aligners, Optical Wheel Aligners, Mechanical Wheel Aligners, Analog Wheel Aligners
3) By Truck Wheel Aligners: Heavy-Duty Truck Wheel Aligners, Trailer Wheel Aligners, Bus Wheel Aligners, Off-Road Vehicle Wheel Aligners
What Are the Key Trends Driving Growth in the Wheel Aligner Equipment Market?
Leading enterprises in the wheel aligner equipment industry are prioritising the development of groundbreaking solutions like bluetooth lite wheel aligners. Such innovations are designed to amplify precision, efficiency, and convenience in vehicle alignment procedures. A Bluetooth Lite wheel aligner represents a wireless alignment platform that makes use of Bluetooth technology to enable accurate, efficient, and smooth wheel adjustments for vehicles in automotive garages. In a specific example, in April 2022, Absolute Alignment, a wheel alignment equipment manufacturing company situated in England, introduced the Bluetooth Lite wheel aligner. This cost-effective, compact 6-sensor CCD four-wheel alignment mechanism is specifically designed for smaller workshops and tyre fitters, posing a considerable competition to conventional laser aligners. Equipped with front turn plates, wheel clamps, and a steering wheel clamp, the Bluetooth Lite wheel aligner enhances profitability by effectively providing wheel alignment services in high-capacity settings. Hence, this makes it adaptable for different kinds of workshop configurations.
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Who Are the Leading Companies Driving Growth in the Wheel Aligner Equipment Market?
Major companies operating in the wheel aligner equipment market are Toyota Motor Corporation, Robert Bosch GmbH, Continental AG, Bridgestone Corporation, Snap-on Incorporated, Hofmann Megaplan GmbH, Newtech Equipment, Hunter Engineering Company, Fori Automation Inc., Ravaglioli S.p.A., Corghi S.p.A., ELGi Equipments Limited, Apex Technologies, Manatec Electronics Private Limited, Beissbarth GmbH, CEMB S.p.A., Pramukh Equipments, Delta Power Equipments, Giuliano Industrial S.p.A., Icon Autocraft Pvt. Ltd.
Which Is the Leading Region in the Global Wheel Aligner Equipment Market?
Asia-Pacific was the largest region in the wheel aligner equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wheel aligner equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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