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Wheel Aligner Equipment Market By Technology (CCD Wheel Aligner, 3D), By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The growth of wheel alignment equipment market is growing consistently in proportion with the growth of the global automotive market. Wheel alignment is a vital after-sale service and is performed by the owner multiple times during the lifecycle of an automobile. Realizing the growth opportunities, several vendors are starting new ventures for wheel alignment services. As a result, the global wheel aligner equipment market was valued at US$ 627 million in 2017 and is expected to reach US$ 1039.12 million by 2026. The market is estimated to grow at a compound annual growth rate of 5.8% throughout the forecast period from 2018 to 2026.

Market Synopsis

CCD Wheel Aligner Equipment is Set to Dominate in the Coming Years

By technology, wheel aligner equipment is broadly classified into CCD wheel aligning equipment and 3D wheel aligning equipment. Both technologies operate on entirely different principles and are not interchangeable. The technologies have the same output, and the alignment offered by the two has marginal differences depending on the operator and other working conditions. However, the CCD wheel aligner equipment is much more affordable compared to the 3D aligner equipment. The cost of equipment is the sole reason why CCD wheel aligners lead the global wheel aligner equipment market in terms of market value. However, 3D wheel aligner equipment is expected to grow gradually throughout the forecast period.

The increase in demand for passenger cars resulted in the expansion of the market for wheel alignment equipment for passenger cars.

A variety of wheel aligner equipment and set-ups are available for different vehicle types, such as passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Wheel alignment equipment for passenger cars claims the majority of the market share, thus leading the market in terms of market value. Continuously growing demand for passenger cars powered by rising disposable income will help the wheel alignment equipment market for passenger cars retain its dominance in the coming years.

The thriving automotive industry in Asia Pacific provides enormous growth potential for the wheel alignment market.

In terms of market value, Asia Pacific currently holds the global leadership position in the overall wheel aligner market. Notable economic growth allowed people in the region to raise their standard of living, and a considerable positive outcome of it is stimulating the automotive industry. Consequently, Asia Pacific offers a tremendous growth opportunity for the wheel aligner equipment market. Asia Pacific is followed by North America and Europe in terms of market value. The revolution of electric cars in these developed regions is also offering the potential for the wheel aligner market to grow.

Market Segmentation

Competitive Landscape   

The research study covers some of the leading wheel aligner equipment manufacturers, including Atlas Auto Equipment, Delta Equipments, Eagle Equipment, Fori Automation, Hofmann TeSys, Hunter Engineering Company, Manatec Electronics Private Limited, RAVAmerica, Sunrise Instruments Private Limited, Snap-on Incorporated, and Vehicle Service Group. Major wheel alignment equipment manufacturers face stiff competition with each other and local players in order to maintain their market position. Several business strategies, such as geographical expansion and technological development, are adopted by these companies to face their competition. With new entrants entering the market on a regular basis, market competition is expected to intensify.

Key questions are answered in this report.

  • What is the positive effect of growth in the automotive sector on the wheel aligner equipment market?
  • Which are the most prominent vehicle types, and how is their growth helping the wheel alignment equipment market grow?
  • What are the different types of wheel aligner equipment and their market positions in terms of market value?
  • What impact has advances in imaging technology and sensors had on the demand for wheel aligner equipment?
  • How are top-grossing regions such as Asia Pacific and Latin America expected to make an impact on the overall wheel aligner equipment market?

Frequently Asked Questions:

The market for Wheel Aligner Equipment Market is expected to reach US$ 1039.12 Mn by 2026.

The Wheel Aligner Equipment Market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Atlas Auto Equipment, Delta Equipments, Eagle Equipment, Fori Automation, Hofmann TeSys, Hunter Engineering Company, Manatec Electronics Private Limited, RAVAmerica, Sunrise Instruments Private Limited are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Dec 2018
Category:  Automotive & Transportation
Report ID:   59499
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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