Wheel Alignment Machines Market Revenue and Value Chain 2017-2025

Wheel Alignment Machines Market: Introduction

Wheel alignment machine is basically a device specifically designed for the purpose of accurate alignment of wheels for vehicles. A wheel alignment machines aligns the tires of the wheel so that they are parallel to each other and perpendicular to the ground. Accurately aligned wheels would result in in longer life of tires and longer suspension life. Wheel alignment is very necessary for vehicles, especially four wheelers and heavy duty vehicles as improper alignment might result in stress on the suspension system of vehicles. Improper alignment of wheels also result in uneven wear of tires and may damage the suspension components. Thus, alignment of wheels is necessary at regular intervals. Alignment of wheels consists of alignment of suspension angles such as – toe, camber, thrust and caster. Wheel alignment machines applies advanced graphic display system which are embedded with high definition cameras in order to provide visual assistance so as to assure accurate alignment of the wheels. These advanced 3D alignment is much more efficient than the conventional system. Thus, owing to technological advancement and development of sophisticated technology, wheel alignment machines market is anticipated to grow at a steady CAGR over the forecast period.

Wheel Alignment Machines Market: Dynamics

Demand for wheels alignment machines is on rise owing to increasing awareness towards the necessity and benefits of accurately aligned vehicles. Accurately aligned vehicles would result in longer suspension life and would reduce the repair expenses. With the increasing demand of highly sophisticated vehicles over the time, end users are now inclined towards proper maintenance of their vehicle. Also, rapid technological advancements in the wheel alignment machines are also making the process highly precised along with reduction in time. Thus, these are some of the key factors which would positively impact the growth of the global wheel alignment machines market over the forecast period.

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Latest Wheel alignment machines consists of various components such as high precision cameras and image sensing due to which installation cost of these machines is relatively high. Therefore, local dealers or workshops are reluctant towards adoption of the costly technology which may impede the anticipated growth of the wheel alignment machines market over the forecast period.

With the development of newer and more sophisticated designs of vehicles, there is also requirement for technically advanced automotive components. Nowadays, wheel alignment machines have been developed with the latest technology based upon touchless sensors. These sensors apply laser technology such that wheels can be aligned through the laser technology. This is a very efficient and highly precised technology taking no time in the wheel alignment process. This is one of the ongoing key trend in the wheel alignment machines market.

Wheel Alignment Machines Market: Segmentation

The global wheel alignment machines market can be segmented on the basis of alignment, technology and application. On the basis of alignment, global wheel alignment machines market can be segmented as front end alignment, thrust-angle alignment and four wheel alignment. On the basis of technology, the global wheel alignment machines market can be segmented as 3D wheel alignment system, CCD alignment system and Bluetooth wheel alignment system. On the basis of application, the global wheel alignment machines market can be segmented as two wheeler, LCV, HCV, passenger vehicles, ORV and powersports.

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Wheel Alignment Machines Market: Regional Outlook

The global wheel alignment market is anticipated to be dominated by Asia Pacific region over the forecast period. The region accounts for a significant share owing to the high demand for automotive industry in the region especially in China and India. Europe and North America also account for a significant share over the forecast period owing to the improving manufacturing sector and high demand for precision equipment. Latin America and Middle East is anticipated to show sluggish growth over the forecast period.

Wheel Alignment Machines Market: Market Players

Examples of some of the market participants in the global wheel alignment machines market are-

Hunter Engineering Company
Robert Bosch GmbH
Snap-on Incorporated
RAVAmerica
Cormach S.r.l.
HAWEKA AUSTRALIA
Techfanatics
Shenzhen 3Excel Tech Co.,Ltd
Guangdong Road Buck Mechanical Equipment Co.,Ltd
MAHA Maschinenbau Haldenwang

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