Wheel Aligner Equipment Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Germany, Japan, India - Size and Forecast 2024-2028

Wheel Aligner Equipment Market Size 2024-2028

The wheel aligner equipment market size is forecast to increase by USD 730.8 million at a CAGR of 6.5% between 2023 and 2028.

• The market is witnessing significant growth due to the increasing number of automobiles on the road. This trend is driven by the development of advanced driver-assistance systems (ADAS) that require wheel aligner equipment to be ADAS-ready. However, the high cost of operating wheel aligner equipment poses a challenge to market growth. To mitigate this challenge, manufacturers are focusing on developing cost-effective solutions without compromising on performance and accuracy. Additionally, the integration of IoT technology in wheel aligner equipment is expected to revolutionize the market by enabling real-time monitoring and predictive maintenance, thereby enhancing efficiency and productivity. Overall, the market is expected to witness steady growth in the coming years.

What will be the Size of the Wheel Aligner Equipment Market During the Forecast Period?

Request Free Sample

• The market is experiencing significant growth, driven by the increasing demand for vehicle safety and improved performance. The aftermarket segment is a key contributor to this growth, as automotive service providers seek to offer advanced alignment services to enhance customer satisfaction and retention. Technological advancements, such as 3D imaging and automated systems, are transforming the market, with contactless wheel aligners and wireless alignment systems gaining popularity.
• Moreover, OEM and aftermarket players are investing in customer-centric approaches, offering non-contact four-wheel alignment and imaging wheel aligners to ensure vehicle performance and tire longevity. Economic uncertainties have led some automotive infrastructure companies to adopt cost-effective conventional wheel aligners, while others are exploring the benefits of Spectrum 4C and 3D wheel aligners for their truck fleets. Overall, the market is poised for continued expansion, as automotive service providers prioritize alignment services as a crucial aspect of after-sale service.

How is this Wheel Aligner Equipment Industry segmented and which is the largest segment?

The wheel aligner equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • CCD aligner
  • 3D aligner
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

By Type Insights

• The CCD aligner segment is estimated to witness significant growth during the forecast period.

CCD wheel aligner equipment, utilizing sensors similar to those in digital and video cameras, provides precise alignment for various types of vehicles, including passenger cars and heavy-duty vehicles. The market for CCD wheel aligner technology is expanding due to its efficiency and high accuracy, with 6-camera models gaining popularity among garages. This trend is anticipated to boost sales within the forecast period. CCD wheel aligner equipment caters to diverse industries, including automotive manufacturing and maintenance. Technological advancements continue to enhance the functionality and precision of these systems, making them an essential tool for maintaining vehicle safety and performance.

Get a glance at the Wheel Aligner Equipment Industry report of share of various segments Request Free Sample

The CCD aligner segment was valued at USD 1.2 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 39% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The market in Asia Pacific (APAC) is experiencing significant growth due to the increasing sales of passenger and commercial vehicles in the region. Key factors driving this growth include rising disposable income and the launch of new automobile models by Original Equipment Manufacturers (OEMs). China, India, and Japan are the major markets, accounting for a substantial portion of vehicle sales in APAC. In countries like India, which heavily rely on road transport for freight, there is a growing demand for Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs) to transport passengers and sensitive goods. The market in APAC is expected to continue expanding at a steady pace during the forecast period.

Market Dynamics

Our wheel aligner equipment market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Wheel Aligner Equipment Industry?

Increasing number of automobiles is the key driver of the market.

• The market is driven by the increasing sales of passenger vehicles and the subsequent demand for regular wheel alignment services. With the rise in vehicle ownership worldwide, particularly in regions such as APAC and the Middle East, the market for wheel aligner equipment is poised for growth. This market is characterized by technological advancements, including 3D imaging and automated systems, which enhance vehicle safety and improve tire longevity. Customer-centric approaches, such as contactless wheel aligners and wireless alignment systems, are also gaining popularity among automotive service providers. The non-contact four-wheel alignment technology, which uses imaging wheel aligners and CCD or 3D aligners, is increasingly being adopted due to its precision and efficiency.
• Moreover, the OEM and aftermarket sectors, as well as automotive infrastructure, are significant contributors to the market's growth. The technological development of wheel aligner equipment is a key business strategy for companies such as Spectrum 4C, Snap-on Incorporated, and others. The focus on vehicle performance and after-sale service is driving the demand for advanced wheel aligner equipment, particularly for trucks and electric cars.

What are the market trends shaping the Wheel Aligner Equipment Industry?

Development of ADAS-ready wheel aligner equipment is the upcoming trend in the market.

• The market plays a significant role in ensuring vehicle safety and optimizing vehicle performance by maintaining proper wheel alignment. This market caters to both OEM and aftermarket needs, with various types of aligners available, such as 3D imaging, contactless, and automated systems. Technological advancements have led to the development of non-contact four-wheel alignment and wireless alignment systems, enhancing the convenience and efficiency of alignment services. Imaging wheel aligners, like Spectrum 4C and Snap-on Incorporated's 3D Aligner, use advanced technology to provide precise alignment results. Automotive service providers offer alignment services as part of their after-sale service, ensuring tire longevity and improved vehicle handling.
• Moreover, economic uncertainties and changing business strategies have led to the adoption of customer-centric approaches, making wheel aligner equipment essential for garages catering to passenger cars, electric cars, and truck wheel aligners. Technological development in this field continues, with CCD Aligner and 3D Aligner being popular choices among automotive infrastructure. Alignment services are crucial for maintaining the safety and performance of vehicles, as misaligned wheels can lead to uneven tire wear, poor fuel efficiency, and even vehicle damage. Furthermore, advanced driver assistance systems (ADAS) rely on precise wheel alignment for optimal functionality. By investing in wheel aligner equipment, automotive service providers can cater to the growing demand for reliable and efficient alignment services.

What challenges does Wheel Aligner Equipment Industry face during the growth?

High cost of operating wheel aligner equipment is a key challenge affecting the industry growth.

• The market encompasses advanced technologies such as 3D imaging and automated systems, prioritizing vehicle safety and performance. Spectrum 4C, Snap-on Incorporated, and other market players offer customer-centric approaches, including contactless wheel aligners and wireless alignment systems. Economic uncertainties have influenced business strategies, driving technological development in non-contact four-wheel alignment and imaging wheel aligners. Passenger cars and electric vehicles are significant markets for this equipment, with alignment services essential for after-sale service and tire longevity.
• Moreover, the automotive infrastructure relies on these services to maintain vehicle performance and ensure safety. However, the high initial installation costs and varying check prices for different vehicle sizes, such as HCVs and passenger cars, pose challenges for small garages and aftermarket players. The average wheel alignment cost for passenger cars is approximately USD150, while trucks can cost around USD200. Despite these challenges, the market continues to evolve, with CCD Aligner and 3D Aligner technologies contributing to the ongoing advancements.

Exclusive Customer Landscape

The wheel aligner equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The wheel aligner equipment industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ACTIA Group
• Beach Equipment
• Bee Line Co.
• Beissbarth GmbH
• CEMB Spa
• Delta Equipments
• Eagle SMF Pty Ltd.
• Fori Automation Inc.
• Hunter Engineering Co.
• ISN Canada Group Holdings Inc.
• KJC Engineering Inc.
• Kratzer Automation AG
• Manatec Electronics Pvt. Ltd.
• NEXION S.p.A.
• Shenzhen 3Excel Tech Co. Ltd.
• Snap On Inc.
• Sunrise Instruments Pvt. Ltd.
• Wonder Internation Sdn Bhd
• Yantai Haide Science And Technology Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is a significant segment of the automotive infrastructure, focusing on ensuring vehicle safety and optimizing vehicle performance. This market encompasses various types of aligners, including conventional and advanced automated systems, catering to passenger cars, trucks, and electric vehicles. Three-dimensional (3D) imaging plays a pivotal role in modern wheel aligner technology. This technology allows for precise measurement of wheel angles, enabling alignment services to achieve optimal vehicle performance and tire longevity. Automated systems, such as contactless wheel aligners and non-contact four-wheel alignment systems, are gaining popularity due to their efficiency and accuracy.

In addition, technological development in the market is driven by customer-centric approaches. Automotive service providers are increasingly focusing on after-sale service and providing value-added services to their customers. OEMs and aftermarket players are investing in technological advancements to cater to the evolving needs of the market. Wireless alignment systems are another emerging trend in the market. These systems offer convenience and flexibility to garages and automotive service providers, enabling them to perform wheel alignments more efficiently and effectively. Spectrum 4C, for instance, is a wireless alignment system that uses advanced imaging technology to deliver accurate wheel alignments. Economic uncertainties and changing market conditions have forced businesses to adopt strategic approaches to remain competitive in the market.

Furthermore, snap-on Incorporated, for example, has expanded its product offerings to cater to various market segments, including passenger cars, trucks, and electric vehicles. The technological landscape of the market is diverse, with various types of aligners, including CCD aligners and 3D aligners, catering to different market segments. Passenger cars and commercial vehicles have distinct alignment requirements, and wheel aligner equipment manufacturers are developing specialized solutions to meet these needs. Electric cars, as a growing segment of the automotive market, present unique challenges and opportunities for wheel aligner equipment manufacturers. The absence of traditional engine components in electric cars necessitates different alignment techniques and equipment.

In addition, as the electric vehicle market continues to grow, wheel aligner manufacturers are investing in research and development to cater to this segment. Therefore, the market is a dynamic and evolving industry, driven by technological advancements, changing market conditions, and customer demands. The market encompasses various types of aligners, including conventional and advanced automated systems, catering to passenger cars, trucks, and electric vehicles. The focus on customer-centric approaches, technological development, and wireless alignment systems are key trends shaping the future of the market.

Request Free Sample

What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the Wheel Aligner Equipment industry during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of industry companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch