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Global Wheel Aligner Equipment Market 2019-2023

  • Published: Nov 2018
  • Pages: 101
  • SKU: IRTNTR30110
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Technavio’s market research analysts have predicted that the wheel aligner equipment market will register a revenue of more than USD 3 billion by 2023. This industry research report presents a detailed analysis of the wheel aligner equipment market by the following technology applications: such as CCD aligner and 3D aligner. The report also presents an analysis of the market’s growth across the Americas, APAC, and EMEA.

Global Wheel Aligner Equipment Industry Overview

The high disposable income of people across the globe is leading to improved sales of automobiles on a yearly basis. The growth of the global wheel aligner equipment market is closely related to the number of automobiles getting sold as these vehicles will need wheel alignment frequently. The passenger vehicle segment contributes significantly to the global automobile market. The number of cars on the roads is increasing abruptly. The rate of automobile sales in APAC and the Middle East, especially in India, Japan, China, and Iran, is increasing rapidly. For example, the new vehicles sales increased by around 4.30% during 2016-2017 in these regions. Various factors such as sales incentives, the launch of new models, the availability of low-interest finance options, and comfortable repayment options are driving the market for passenger vehicles in APAC and the Middle East. Moreover, favorable government policies in several countries have encouraged many of the manufacturers to increase their production of passenger vehicles. Hence, with the growth of the global automotive industry, the sale of wheel aligner equipment is expected to increase which, in turn, drives the wheel aligner equipment market growth.

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Companies covered

The wheel aligner equipment market is fragmented since the market has a number of companies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this wheel aligner equipment industry analysis report will aid clients identify new growth opportunities and design new growth strategies.  

The report offers a complete analysis of wheel aligner equipment manufacturers including:

  • ACTIA Group
  • Corghi
  • Hunter Engineering
  • Manatec Electronics
  • Snap-on

Wheel aligner equipment market growth based on geographic region:

  • Americas
  • APAC
  • EMEA

With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC will contribute to the maximum growth of this wheel aligner equipment market throughout the forecast period.

Wheel aligner equipment market growth based on technology

  • CCD aligner
  • 3D aligner

According to our market research experts, the CCD aligner segment will account for the highest share and growth of the market. The report also provides an accurate prediction of the contribution of the various technology segments to the growth of the wheel aligner equipment market size.

 

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Key highlights of the global wheel aligner equipment market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the wheel aligner equipment market during the next five years
  • Precise estimation of the global wheel aligner equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the wheel aligner equipment industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive information about factors that will challenge the growth of wheel aligner equipment manufacturers

 

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global wheel aligner equipment market and its stakeholders over the forecast years. The global wheel aligner equipment market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact wheel aligner equipment market size till 2023.

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

  • Market segmentation by technology
  • Comparison by technology
  • CCD aligner - Market size and forecast 2018-2023
  • 3D aligner - Market size and forecast 2018-2023
  • Market opportunity by technology

PART 07: MARKET SEGMENTATION BY VEHICLE TYPE

  • Segmentation by vehicle type

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Continuous development of new products
  • Growing popularity of touchless wheel alignment system
  • Rise in the adoption of advanced imaging technologies

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ACTIA Group
  • Corghi
  • Hunter Engineering
  • Manatec Electronics
  • Snap-on

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations

PART 16: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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