3D Wheel Aligners Market – Dependency on Leading Market Players Promise Rising Growth, details Fact.MR study

Posted on 2019-08-30 by Mark Hub in Industrial // 0 Comments

In standard automotive maintenance, the tools and systems used for wheel alignment play a critical role, the ineffectiveness hampers the vehicle’s proper working. Being a key advancement in wheel alignment systems, 3D wheel aligners are serving the purpose of offering effective scope of alignment during vehicle maintenance and servicing operations. With the state of roads becoming worse across several parts of the world, 3D wheel aligners have a great scope of utility in wheel alignment applications across the global automotive industry.

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Fact.MR foresees the global 3D wheel aligners market’s growth to be steady in the coming years. Alternatives such as CCD wheel aligners and conventional wheel alignment systems will continue to impede the adoption of 3D wheel aligners, constraining the global market to expand at sub-par pace in the near future.

The study has assessed the expansion of global 3D wheel aligners market for the period, 2017-2026, which estimates the market to grow at a CAGR of 4.7% in terms of value. The report estimates that by the end of 2026, more than 27,100 units of 3D wheel aligners will be sold worldwide. Along with volume-based market size estimations, a value-based forecast & analysis of the global 3D wheel aligners market is being offered in the report.

4-Camera 3D wheel aligners will lose their market traction, which will be picked up by 5-Camera and 6-Camera 3D wheel aligners

In 2017, around 37% of 3D wheel aligners sold in the world were developed on 4-camera designs. The demand for 4-camera 3D wheel aligners is pegged to remain highest in the global market through 2026. However, their share on global market value will dwindle towards the end of the forecast period. Alignment limitations of 4-camera 3D wheel aligners will impede their uptake, compared to 5-camera or 6-camera 3D wheel aligners. The capabilities of 5-camera and 6-camera 3D wheel aligners in terms of identifying alignment problems across multiple axis and providing accurate solution in least amount of time will drive their sales in the coming years. These two product segments will reflect a volume CAGR of more than 5% over the forecast period.

Competition Tracking: Manufacturing to remain concentered in the Asia-Pacific region

Key players in the global 3D wheel aligners market are expanding their manufacturing bases in the Asia-Pacific region. The manufacturing landscape of 3D wheel aligners will witnesses participation of companies namely, Hunter Engineering Company, Snap-on Incorporated, Corghi S.p.A., Beissbarth GmbH, Wonder Internation Sdn Bhd, Launch Tech Co., Ltd, Yantai Haide Science And Technology, Shenzhen 3Excel Tech Co.,Ltd., Actia Muller, Yingkou Dali Automobile Maintenance Equipment, Panther Electronic Machinery Manufactory Ltd., and Yingkou Hanway Techonology Co. Ltd.

In addition, 3D wheel aligner end-users such as Briggs & Stratton Corp., Champion Power Equipment, Generac Power Systems, Inc., Honda Motor Company, Hyundai Motor Co., Lifan Industry (Group) Co., Ltd., Ryobi Ltd., Subaru Corporation, Toshiba Corporation, Wuxi Kipor, and Yamaha Motor Co., Ltd. will be actively partaking towards the growth of the global 3D wheel aligners market in the near future.

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About Fact.MR

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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