CCD Wheel Aligners Market: Higher Accuracy as Compared to Conventional Wheel Aligners to Boost Adoption

Posted on 2019-07-04 by Mark Hub in Internet & Online // 0 Comments

Fact.MR

Rockville, USA, 2019-Jul-04 — /EPR Network/ —

Fact.MR’s research report on global CCD wheel aligners states that the global market is projected to expand at a moderate rate to register a value CAGR of 4.7% throughout the period of assessment, 2017-2026. Additionally, according to this research report, the sale of CCD wheel aligners is estimated to exceed US$ 4 Bn by the end of the year of assessment (2026). Increasing importance of accurate wheel alignment coupled with use of 6 camera CCD wheel aligners is expected to push the sales of the product in the years to follow.

Poor road conditions often have an adverse effect on the alignment of wheels in cars and other heavy vehicles. It becomes imperative for the user of the vehicle to carry out proper analysis of wheel alignment in order to gain efficient control on vehicle steering thus preventing road accidents. The use of wheel aligners has become vital owing to increasing cases of road accidents owing to misalignment of the wheel.

There have been various advances in wheel aligners with introduction of new technologies with respect to gauging the alignment angle of the wheel, the deviation and the correction needed to reduce the deviation. Moreover, improper wheel alignment also has an adverse effect on vehicle tires that consequently cause under arms of the vehicle to carry high loads resulting in damage. Negative effects of wheel alignment has called for efficient wheel monitoring and balancing. Considering various wheel alignment technologies, CCD wheel aligners are widely used alignment machines as they offer higher accuracy and faster alignment process. Moreover, they can be used to align wheels of larger vehicles.

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Vehicle manufacturers have advised the owners of the vehicle to schedule wheel alignment check twice a year, depending upon the frequency of driving. For heavy vehicles, it becomes vital to maintain wheel alignment almost thrice a year owing to heavy workload. Modern wheel aligners, such as CCD wheel aligners, carry out alignment procedure with higher accuracy and in reduced time. This has pushed the adoption of CCD wheel aligners across garages and auto manufacturing units at a significant scale.

CCD wheel aligners have gained moderate traction since past years. Penetration of CCD wheel alignment equipment in Europe and APEJ (Asia Pacific Excluding Japan) has been high as compared to other regions. The sale of CCD wheel aligners in Europe is expected to grow at a significant rate and is poised to touch US$ 1.2 Bn by end of the year of assessment, making Europe to stay in lead.

Asia Pacific Excluding Japan (APEJ) to Radiate Potential Growth

Asia Pacific excluding Japan (APEJ) region being one of the largest manufacturing hubs, is expected to reflect significant market potential for CCD wheel aligners. Automakers across the globe are concentrating on expanding their base in APEJ region owing to the immense potential that the region portrays. As per research, the use of CCD wheel aligners in APEJ is expected to grow at 5.6% with respect to value. The revenue generated by sales of CCD wheel aligners in this region is expected to reach a significant value over the assessment period.

Segmental Insights

Sale of CCD wheel aligners in garages is expected to showcase low revenue generation as compared to auto manufacturers. Auto manufacturers are relatively well equipped owing to higher investment strength than garages. However, garages are expected to pick up speed with growing popularity of CCD wheel aligners in the coming years
Use of CCD wheel aligners for road vehicles is estimated to generate larger sales than off road vehicles. By 2026 end, sales revenue generated from road vehicle wheel alignment is expected to touch more than US$ 2.5 Bn

Competitive Analysis

Players involved in development of advanced wheel alignment machines are focusing on targeting APEJ region and few other European countries to expand their global footprint. Additionally, with introduction of new technologies in this field, key players are partnering with local players to promote the use of their developments in the respective regional market. Key players involved in CCD wheel aligners market include Stanley, Milwaukee Hand Trucks, Dewalt, Apex Tool Group, Blackhawk Industries and CooperTools, to name a few.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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