Wheel Alignment Machine Market Analysis By Technology(CCD Wheel Alignment Machine, 3D Wheel Alignment Machine), By Product Type(Imaging Wheel Alignment Machine, Diagnostic Wheel Alignment Machine), By Mobility(Fixed, Portable), By Vehicle Type(Passenger, Commercial) & Forecast 2024-2035
- PUBLISHED ON
- 11/23/2022
- NO OF PAGES
- 275
- CATEGORY
- Automotive & Transportation
The global wheel alignment machine market size was valued at US$ 709.28 million in 2021, and anticipated to grow at a CAGR of 6.1% over the forecast period. Machines for wheel alignment are equipment used for wheel alignment during assembly, maintenance, and repair. The equipment adjusts the vehicle's wheels into the preferred position recommended by the original equipment manufacturers. The camber, toe, and caster angles are examined, improper wheel alignment is determined, and the angles are adjusted to set the wheel specification. Wheel alignment machine extends the life of tyres, lowers the cost of car maintenance, increases comfort while driving, and enhances vehicle safety.
To align the wheel directions and ensure that the vehicle points straight forward, a front-end alignment machine is used. By modifying the shims behind the upper mounting brackets of the front and rear wheels, a truck alignment machine aligns the truck. When maintaining tight tolerances is essential, CNC machine tool alignment and test equipment are utilised to increase a machine's precision and performance. To control flight parameters such as yaw, pitch, and roll flight parameter alignment is used.
Due to an increase in MRO (maintenance, repairing, and overhaul) operations in the automotive aftermarket, the wheel alignment machine industry is expanding. The market for wheel alignment machines is expanding primarily due to the rising number of cars on the road, high disposable income that boosts annual car sales, and the demand for cutting-edge technology for increased productivity. The need for portable and wireless wheel alignment machines are also anticipated to fuel the market's expansion.
Additionally, rising urbanisation in emerging economies like Brazil, Mexico, India, and China drives up demand for passenger and commercial cars, which in turn has an indirect impact on the expansion of the wheel alignment machine market over the forecast period.
Wheel alignment machines require expert technicians to repair and maintain them, and the initial installation cost of the entire wheel alignment system is high. However, the trend toward using better tools and technology to achieve better results will boost demand for wheel alignment machines during the course of the projection period.
Technology Insights
By technology, the market is classified into CCD wheel alignment machine and 3D wheel alignment machine. Since they are less expensive than 3D wheel alignment machines, CCD wheel alignment machines made up a sizeable portion of the market in 2021. Both technologies are not interchangeable and function according to entirely different principles. Both the technology yields the same outcomes, however there could be some variations based on the operator or other work conditions.
Mobility Insights
In terms of mobility, the global wheel alignment machine market is bifurcated into fixed and portable. The portable wheel alignment machines segment gain major market share because of its various benefits and applications. Portable wheel alignment machines are commonly used in vehicle repair shops and are compact. The majority of fixed wheel alignment equipment is found in auto assembly plants.
Vehicle Type Insights
On the basis of vehicle type, passenger car segment gain major market share in 2021, due to increasing disposable income and urbanization, which are fostering the demand for passenger cars. Therefore, it is anticipated that the growth of the passenger car segment will propel the global market growth.
Regional Insights
In terms of region, Asia pacific region accounted for largest market share in 2021, owing to rising disposable income and living standards among the middle class. Additionally, the market is expected to hold a significant position in developed Asia-Pacific countries like Japan and India due to an increase in the size of the country's fleet of passenger cars. The Asia Pacific region is largely influenced by the increased use of vehicles and vehicle sales.
Due to the relatively large percentage of commercial vehicles in the region, which require frequent maintenance and have a direct impact on the wheel alignment machine market, North America is predicted to represent a significant share of the global wheel alignment machine market.
Due to the presence of Tier-1 vehicle manufacturers in the region, Europe is anticipated to contribute a sizeable share to the global market for wheel alignment machines. Moreover, it is projected that growing demand for large commercial vehicles in the MEA region will fuel the market's expansion for wheel alignment machines in the region.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Hunter Engineering Company, Atlas Auto Equipment, Eagle Equipment, RAVAmerica, Sunrise Instruments Private Limited, Delta Equipments, Hofmann TeSys, Snap-on Incorporated, Fori Automation, Manatec Electronics Private Limited, Vehicle Service Group (A Dover Company) and Others. Major players operating in the ecosystem experiences strong competition owing to the presence of large number of players on the global and regional scale. Further, various strategies are adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.
In 2022, A new version of Absolute Alignment's well-known Bluetooth Lite wheel aligner was launched. The new model was created using the already-existing "Lite" product by a specialist in wheel alignment equipment. The new Bluetooth Lite is easy to use anywhere in the workshop and has a very tiny footprint.
In 2021, The R1090 Pro 3D Alignment System was launched by Rotary, a division of Vehicle Service Group (VSG), and Dover. It has a tower-free design and a portable, space-saving cabinet that eliminates the need for a dedicated bay and gives shops with limited space the flexibility to perform wheel alignments anywhere.
In 2020, The 'Quick Check Drive' touch-less wheel alignment inspection system has been launched in India by Hunter, the world leader in wheel service and inspection equipment.
Segments
By Technology
· CCD Wheel Alignment Machine
· 3D Wheel Alignment Machine
By Product Type
· Imaging Wheel Alignment Machine
· Diagnostic Wheel Alignment Machine
By Mobility
· Fixed
· Portable
By Vehicle Type
· Passenger
· Commercial
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Reasons to Purchase Wheel Alignment Machine Market Report• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
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• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Product Overview and Scope of Wheel Alignment Machine
1.2 Wheel Alignment Machine Segment by Type
1.2.1 Global Wheel Alignment Machine Market Size Growth Rate Analysis by Type 2022 VS 2030
1.2.2 CCD Wheel Alignment Machine
1.2.3 3D Wheel Alignment Machine
1.3 Wheel Alignment Machine Segment by Application
1.3.1 Global Wheel Alignment Machine Consumption Comparison by Application: 2016 VS 2021 VS 2030
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Wheel Alignment Machine Revenue Estimates and Forecasts (2016-2030)
1.4.2 Global Wheel Alignment Machine Production Estimates and Forecasts (2016-2030)
1.5 Global Wheel Alignment Machine Market by Region
1.5.1 Global Wheel Alignment Machine Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 2030
1.5.2 North America Wheel Alignment Machine Estimates and Forecasts (2016-2030)
1.5.3 Europe Wheel Alignment Machine Estimates and Forecasts (2016-2030)
1.5.5 China Wheel Alignment Machine Estimates and Forecasts (2016-2030)
1.5.5 Japan Wheel Alignment Machine Estimates and Forecasts (2016-2030)
1.5.6 South Korea Wheel Alignment Machine Estimates and Forecasts (2016-2030)
1.5.7 India Wheel Alignment Machine Estimates and Forecasts (2016-2030)
2 Market Competition by Manufacturers
2.1 Global Wheel Alignment Machine Production Market Share by Manufacturers (2016-2021)
2.2 Global Wheel Alignment Machine Revenue Market Share by Manufacturers (2016-2021)
2.3 Wheel Alignment Machine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Wheel Alignment Machine Average Price by Manufacturers (2016-2021)
2.5 Manufacturers Wheel Alignment Machine Production Sites, Area Served, Product Types
2.6 Wheel Alignment Machine Market Competitive Situation and Trends
2.6.1 Wheel Alignment Machine Market Concentration Rate
2.6.2 Global 5 and 10 Largest Wheel Alignment Machine Players Market Share by Revenue
2.6.3 Mergers & Acquisitions, Expansion
3 Production and Capacity by Region
3.1 Global Production of Wheel Alignment Machine Market Share by Region (2016-2021)
3.2 Global Wheel Alignment Machine Revenue Market Share by Region (2016-2021)
3.3 Global Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
3.4 North America Wheel Alignment Machine Production
3.4.1 North America Wheel Alignment Machine Production Growth Rate (2016-2021)
3.4.2 North America Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Wheel Alignment Machine Production
3.5.1 Europe Wheel Alignment Machine Production Growth Rate (2016-2021)
3.5.2 Europe Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
3.6 China Wheel Alignment Machine Production
3.6.1 China Wheel Alignment Machine Production Growth Rate (2016-2021)
3.6.2 China Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
3.7 Japan Wheel Alignment Machine Production
3.7.1 Japan Wheel Alignment Machine Production Growth Rate (2016-2021)
3.7.2 Japan Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
3.8 South Korea Wheel Alignment Machine Production
3.8.1 South Korea Wheel Alignment Machine Production Growth Rate (2016-2021)
3.8.2 South Korea Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
3.9 India Wheel Alignment Machine Production
3.9.1 India Wheel Alignment Machine Production Growth Rate (2016-2021)
3.9.2 India Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
4 Global Wheel Alignment Machine Consumption by Region
4.1 Global Wheel Alignment Machine Consumption by Region
4.1.1 Global Wheel Alignment Machine Consumption by Region
4.1.2 Global Wheel Alignment Machine Consumption Market Share by Region
4.2 North America
4.2.1 North America Wheel Alignment Machine Consumption by Country
4.2.2 U.S.
4.2.3 Canada
4.3 Europe
4.3.1 Europe Wheel Alignment Machine Consumption by Country
4.3.2 Germany
4.3.3 France
4.3.4 U.K.
4.3.5 Italy
4.3.6 Russia
4.4 Asia Pacific
4.4.1 Asia Pacific Wheel Alignment Machine Consumption by Region
4.4.2 China
4.4.3 Japan
4.4.4 South Korea
4.4.5 Taiwan
4.4.6 Southeast Asia
4.4.7 India
4.4.8 Australia
4.5 Latin America
4.5.1 Latin America Wheel Alignment Machine Consumption by Country
4.5.2 Mexico
4.5.3 Brazil
5 Production, Revenue, Price Trend by Type
5.1 Global Wheel Alignment Machine Production Market Share by Type (2016-2021)
5.2 Global Wheel Alignment Machine Revenue Market Share by Type (2016-2021)
5.3 Global Wheel Alignment Machine Price by Type (2016-2021)
6 Consumption Analysis by Application
6.1 Global Wheel Alignment Machine Consumption Market Share by Application (2016-2021)
6.2 Global Wheel Alignment Machine Consumption Growth Rate by Application (2016-2021)
7 Key Companies Profiled
7.1 Hunter Engineering
7.1.1 Hunter Engineering Wheel Alignment Machine Corporation Information
7.1.2 Hunter Engineering Wheel Alignment Machine Product Portfolio
7.1.3 Hunter Engineering Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.1.4 Hunter Engineering Main Business and Markets Served
7.1.5 Hunter Engineering Recent Developments/Updates
7.2 Atlas Auto Equipment
7.2.1 Atlas Auto Equipment Wheel Alignment Machine Corporation Information
7.2.2 Atlas Auto Equipment Wheel Alignment Machine Product Portfolio
7.2.3 Atlas Auto Equipment Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.2.4 Atlas Auto Equipment Main Business and Markets Served
7.2.5 Atlas Auto Equipment Recent Developments/Updates
7.3 Eagle Equipment
7.3.1 Eagle Equipment Wheel Alignment Machine Corporation Information
7.3.2 Eagle Equipment Wheel Alignment Machine Product Portfolio
7.3.3 Eagle Equipment Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.3.4 Eagle Equipment Main Business and Markets Served
7.3.5 Eagle Equipment Recent Developments/Updates
7.4 RAVAmerica
7.4.1 RAVAmerica Wheel Alignment Machine Corporation Information
7.4.2 RAVAmerica Wheel Alignment Machine Product Portfolio
7.4.3 RAVAmerica Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.4.4 RAVAmerica Main Business and Markets Served
7.4.5 RAVAmerica Recent Developments/Updates
7.5 Sunrise Instruments Private
7.5.1 Sunrise Instruments Private Wheel Alignment Machine Corporation Information
7.5.2 Sunrise Instruments Private Wheel Alignment Machine Product Portfolio
7.5.3 Sunrise Instruments Private Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.5.4 Sunrise Instruments Private Main Business and Markets Served
7.5.5 Sunrise Instruments Private Recent Developments/Updates
7.6 Delta Equipment
7.6.1 Delta Equipment Wheel Alignment Machine Corporation Information
7.6.2 Delta Equipment Wheel Alignment Machine Product Portfolio
7.6.3 Delta Equipment Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.6.4 Delta Equipment Main Business and Markets Served
7.6.5 Delta Equipment Recent Developments/Updates
7.7 Hofmann TeSys
7.7.1 Hofmann TeSys Wheel Alignment Machine Corporation Information
7.7.2 Hofmann TeSys Wheel Alignment Machine Product Portfolio
7.7.3 Hofmann TeSys Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.7.4 Hofmann TeSys Main Business and Markets Served
7.7.5 Hofmann TeSys Recent Developments/Updates
7.8 Snap-on Incorporated
7.8.1 Snap-on Incorporated Wheel Alignment Machine Corporation Information
7.8.2 Snap-on Incorporated Wheel Alignment Machine Product Portfolio
7.8.3 Snap-on Incorporated Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.8.4 Snap-on Incorporated Main Business and Markets Served
7.7.5 Snap-on Incorporated Recent Developments/Updates
7.9 Fori Automation
7.9.1 Fori Automation Wheel Alignment Machine Corporation Information
7.9.2 Fori Automation Wheel Alignment Machine Product Portfolio
7.9.3 Fori Automation Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.9.4 Fori Automation Main Business and Markets Served
7.9.5 Fori Automation Recent Developments/Updates
7.10 Manatec Electronics Private
7.10.1 Manatec Electronics Private Wheel Alignment Machine Corporation Information
7.10.2 Manatec Electronics Private Wheel Alignment Machine Product Portfolio
7.10.3 Manatec Electronics Private Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.10.4 Manatec Electronics Private Main Business and Markets Served
7.10.5 Manatec Electronics Private Recent Developments/Updates
7.11 Dover
7.11.1 Dover Wheel Alignment Machine Corporation Information
7.11.2 Dover Wheel Alignment Machine Product Portfolio
7.11.3 Dover Wheel Alignment Machine Production, Revenue, Price and Gross Margin (2016-2021)
7.11.4 Dover Main Business and Markets Served
7.11.5 Dover Recent Developments/Updates
8 Wheel Alignment Machine Manufacturing Cost Analysis
8.1 Wheel Alignment Machine Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Raw Materials Price Trend
8.1.3 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Wheel Alignment Machine
8.4 Wheel Alignment Machine Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Wheel Alignment Machine Distributors List
9.3 Wheel Alignment Machine Customers
10 Market Dynamics
10.1 Wheel Alignment Machine Industry Trends
10.2 Wheel Alignment Machine Growth Drivers
10.3 Wheel Alignment Machine Market Challenges
10.4 Wheel Alignment Machine Market Restraints
11 Production and Supply Forecast
11.1 Global Forecasted Production of Wheel Alignment Machine by Region (2022-2030)
11.2 North America Wheel Alignment Machine Production, Revenue Forecast (2022-2030)
11.3 Europe Wheel Alignment Machine Production, Revenue Forecast (2022-2030)
11.4 China Wheel Alignment Machine Production, Revenue Forecast (2022-2030)
11.5 Japan Wheel Alignment Machine Production, Revenue Forecast (2022-2030)
11.6 South Korea Wheel Alignment Machine Production, Revenue Forecast (2022-2030)
11.7 India Wheel Alignment Machine Production, Revenue Forecast (2022-2030)
12 Consumption and Demand Forecast
12.1 Global Forecasted Demand Analysis of Wheel Alignment Machine
12.2 North America Forecasted Consumption of Wheel Alignment Machine by Country
12.3 Europe Market Forecasted Consumption of Wheel Alignment Machine by Country
12.4 Asia Pacific Market Forecasted Consumption of Wheel Alignment Machine by Region
12.5 Latin America Forecasted Consumption of Wheel Alignment Machine by Country
13 Forecast by Type and by Application (2022-2030)
13.1 Global Production, Revenue and Price Forecast by Type (2022-2030)
13.1.1 Global Forecasted Production of Wheel Alignment Machine by Type (2022-2030)
13.1.2 Global Forecasted Revenue of Wheel Alignment Machine by Type (2022-2030)
13.1.3 Global Forecasted Price of Wheel Alignment Machine by Type (2022-2030)
13.2 Global Forecasted Consumption of Wheel Alignment Machine by Application (2022-2030)
14 Research Finding and Conclusion
15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
15.4 Disclaimer
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