Wheel and Tire Service Equipment Market Opportunities, Key Growth Factors, Ongoing Trends, Market Perspective and Forecast till 2022

Dublin 2, Ireland, 2018-Apr-02 — /EPR Network/ —

Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Wheel and Tire Service Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been added to the wide online database of Fact.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global “Wheel and Tire Service Equipment Market”. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2022.

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Fact.MR’s latest forecast study on the global wheel and tire service equipment market projects that by the end of 2026, wheel and tire service equipment worth over US$ 4.5 Bn will be sold across the globe. The report also reveals that the global wheel and tire service equipment market will expand at a moderate CAGR of 3.5% in terms of volume, during the forecast period, 2017-2026.

Wheel Alignment Systems among Equipment Type to Gain Lion’s Share of the Market

On the basis of equipment type, wheel alignment systems are likely to gain lion’s share of the market by 2026-end, in terms of value. This is mainly because of penetration of computerized wheel alignment systems, which are completely automatic, highly accurate, precise and quick in operation. In addition, manufacturers are focusing on the development of wheel alignment systems with properties such as protection in wheel clamping, user-friendly calibration and automatic self-check.

Key Insights from the Report

1. In 2017, around 720 thousand units of wheel and tire service equipment were sold across the globe. The report estimates that wheel and tire service equipment will be predominantly used for light vehicles in the forthcoming years. On the other hand, the use of wheel and tire service equipment for heavy vehicles will register highest volume CAGR of 5% over the forecast period.

2. Throughout the forecast period, majority of wheel and tire service equipment are expected to be used in independent garages. By the end of 2026, independent garages from all over the world will have bought around 796 thousand units of wheel and tire service equipment.

3. In 2018 and beyond, more than half of the wheel and tire service equipment manufactured in the world will be used for wheel alignment. The report projects that wheel alignment systems will be remain a top-selling wheel and tire service equipment in the automotive industry. By 2026-end, the demand for wheel balancers will also gain traction, registering sales of more than 488 thousand units.

4. Asia-Pacific excluding Japan (APEJ) has been observed as the largest marketplace in the global wheel and tire service equipment landscape. High presence of automakers in APEJ countries such as China, India and South Korea, coupled with favorable industrial regulations and availability of low-wage labor, will continue to drive the growth of wheel and tire service equipment market in the APEJ region through 2026. By the end of forecast period, nearly 650 thousand units of wheel and tire service equipment will be sold across the APEJ region.

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Table of Content:

1. Global Economic Outlook

2. Global Wheel and Tire Service Equipment Market – Executive Summary
2.1. Opportunity Assessment
2.2. Mega Trends

3. Global Wheel and Tire Service Equipment Market Overview
3.1. Introduction
3.1.1. Global Wheel and Tire Service Equipment Market Taxonomy
3.1.2. Global Wheel and Tire Service Equipment Market Definition
3.2. Global Wheel and Tire Service Equipment Market Size (US$ Mn), Volume (‘000 Units) and Forecast, 2012-2026
3.2.1. Global Wheel and Tire Service Equipment Market Y-o-Y Growth
3.3. Overall Automotive Repair and Maintenance Industry Analysis
3.4. Garage Equipment Industry Analysis
3.5. Global Wheel and Tire Service Equipment Market Dynamics
3.5.1 Market Drivers
3.5.2. Market Restraints
3.5.3. Market trends
3.5.3.1. Impact Analysis by Vehicle Type
3.5.3.2. Impact Analysis by Garage Type
3.5.3.3. Impact Analysis by Equipment Type

4. Pricing Point Analysis               
4.1. Price Point Assessment by Region
4.2. Price Point Assessment by Vehicle Type
4.3. Price Forecast till 2026
4.4. Factors Influencing Pricing

Continued….

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