Wheel Aligner Equipment Market by Type and Geography - Forecast and Analysis 2022-2026

The wheel aligner equipment market share is expected to increase by USD 795.88 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.03%.

This wheel aligner equipment market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wheel aligner equipment market segmentation by type (CCD aligner and 3D aligner) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The wheel aligner equipment market report also offers information on several market vendors, including ACTIA Group, Atlas Automotive Equipment, Beach Equipment, Bee Line Co., Beissbarth GmbH, CEMB Spa, Delta Equipments, Eagle SMF Pty Ltd., Fori Automation Inc., Hunter Engineering Co., 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, and Yantai Haide Science And Technology Co. Ltd. among others.

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

Download Report Sample to Unlock the Wheel Aligner Equipment Market Size for the Forecast Period and Other Important Statistics

 

Wheel Aligner Equipment Market: Key Drivers, Trends, and Challenges

The increasing number of automobiles is notably driving the wheel aligner equipment market growth, although factors such as the high cost of operating wheel aligner equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wheel aligner equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wheel Aligner Equipment Market Driver

The increasing number of automobiles is one of the major drivers impacting the wheel aligner equipment market growth. 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. People consider passenger vehicles, such as cars, as a necessary addition to their life. As a result, the number of cars on the roads is increasing steeply. The rate of automobile sales in APAC and the Middle East, especially in India, China, Japan, and Iran, is increasing rapidly. Factors such as sales incentives, the availability of low-interest finance options, the launch of new models, and comfortable repayment options are driving the market for passenger vehicles in APAC and the Middle East. Furthermore, favorable government policies in several countries have encouraged many manufacturers to increase their production of passenger vehicles. As the number of automobiles increases, there will be a simultaneous need for wheel alignment checks. Hence, with the growth of the global automotive industry, the sale of wheel aligner equipment is expected to increase at a significant rate during the forecast period.

Key Wheel Aligner Equipment Market Trend

The rise in the adoption of advanced imaging technologies is one of the major trends influencing the wheel aligner equipment market growth. Advanced imaging technologies are widely used in wheel aligner equipment to obtain accurate, real-time measurements of the wheel alignment for improved productivity. High-definition cameras are used for obtaining precise measurements. The use of power camera technologies, such as XD cameras, helps in measuring important vehicle angles in a fast and easy way. Some of the major vendors of wheel aligner equipment offer wheel aligner equipment equipped with advanced imaging technologies. For instance, John Bean offers the V1200 wheel alignment system, which is equipped with XD cameras. XD cameras help in ensuring accurate and reliable readings within 90 seconds. They also help in detecting the issues associated with suspension stress and the errors from lift clamps.

Key Wheel Aligner Equipment Market Challenge

The high cost of operating wheel aligner equipment is one of the major challenges impeding the wheel aligner equipment market growth. The costs for the manufacturing of wheel aligner equipment have increased due to the rising costs of the inputs and use of advanced technologies in wheel alignment, such as advanced imaging technologies. The initial installation cost of wheel aligner equipment is also high. Furthermore, the cost of wheel alignment checks depends on the size of the vehicle. The cost of wheel alignment checks for an HCV will be higher than that of a passenger car. For instance, the average cost of wheel alignment for cars is around $150 and for trucks is around $200. The high cost has negatively impacted the use of wheel aligner equipment among small garages and small-scale auto manufacturers. As a solution, most of the end-users rely on conventional aligner equipment for performing a wheel alignment. In addition to this, the repair and maintenance of wheel aligner equipment demand skilled technicians. Thus, the high cost of operating wheel aligner equipment is expected to hinder the growth of the global wheel aligner equipment market during the forecast period.

This wheel aligner equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global wheel aligner equipment market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wheel aligner equipment market during the forecast period.

Who are the Major Wheel Aligner Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• ACTIA Group
• Atlas Automotive Equipment
• Beach Equipment
• Bee Line Co.
• Beissbarth GmbH
• CEMB Spa
• Delta Equipment
• Eagle SMF Pty Ltd.
• Fori Automation Inc.
• Hunter Engineering Co.
• 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.

 

This statistical study of the wheel aligner equipment market encompasses successful business strategies deployed by the key vendors. The wheel aligner equipment market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.

Product Insights and News

• nexiongroup.com - The company offers wheel aligner equipment under its brand Corghi.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wheel aligner equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Wheel Aligner Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wheel aligner equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Wheel Aligner Equipment Market?

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the wheel aligner equipment market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing disposable income of people in developing countries and the launch of new car models by OEMs will facilitate the wheel aligner equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 adversely affected the growth of the aligner equipment market in APAC. Furthermore, due to strict lockdowns imposed in many countries, such as India, China, Japan, Australia, and Vietnam across APAC, transportation, flights, and logistics activities were suspended. This led to the decline in the maintenance of vehicles, trucks, and aircraft, which, in turn, led to a decrease in the demand for wheel aligner equipment in 2020. Thus, all these factors negatively affected the growth of the wheel aligner equipment market in APAC in 2020. 

What are the Revenue-generating Type Segments in the Wheel Aligner Equipment Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The wheel aligner equipment market share growth in the CCD aligner segment will be significant during the forecast period. CCD wheel aligner equipment offers an alignment procedure with very high accuracy in less time. This has fueled the adoption of CCD wheel aligner equipment among automobile manufacturers and garages. CCD wheel alignment is suitable for all types of vehicles, including heavy-duty vehicles, passenger cars, and aircraft.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wheel aligner equipment market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Wheel Aligner Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.03%
Market growth 2022-2026	$ 795.88 million
Market structure	Fragmented
YoY growth (%)	6.46
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 40%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ACTIA Group, Atlas Automotive Equipment, Beach Equipment, Bee Line Co., Beissbarth GmbH, CEMB Spa, Delta Equipments, Eagle SMF Pty Ltd., Fori Automation Inc., Hunter Engineering Co., 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, and Yantai Haide Science And Technology Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Wheel Aligner Equipment Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive wheel aligner equipment market growth during the next five years
• Precise estimation of the wheel aligner equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the wheel aligner equipment industry across APAC, Europe, North America, South America, and the Middle East, and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wheel aligner equipment market vendors

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