Global Wheel Alignment Market size was valued at USD 2.15 billion in 2021 and is predicted to reach USD 3.01 billion by 2030 with a CAGR of 3.8% from 2022-2030. Wheel alignment machine is an equipment that is used to adjust the suspension of vehicles in order to achieve an appropriate angle at which the tyres touch the road. It is done during assembly and also when wheels lose its alignment during operation. Moreover, these machines are used for the inspection of the toe, camber, and caster to ensure accuracy of the wheels angle in comparison to each other and with the body of the vehicle. Wheel alignment machines are available with different features such as portability, wireless connectivity, and others. Various service providers have developed smart repair facilities for wheel alignment as large number of customers are paying attention to maintenance, repairing, and overhaul activities. Ensuring proper alignment of wheels improves longevity of tyres apart from optimizing the performance.
Market Segmentations and Scope of the Study:
The wheel alignment market size has been segmented based on component, vehicle type, and geography. Based on the component, the industry is classified into system and services. By system, the market is further classified into toe- in / toe-out alignment system, camber alignment system, caster alignment system and four-wheel alignment system. By services the market is further divided into OEM, Franchise, Dealership Authorized and Others. Based on vehicle type, the market is classified into passenger vehicle and commercial vehicle. The passenger vehicles are further divided into hatchback, sedan, and SUV/MUV. The commercial vehicles are further divided into light commercial vehicle and heavy commercial vehicle. The geography breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and ROW.
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Geographical Analysis
Asia-Pacific holds the lion share of global wheel alignment market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as growing economies, increasing per capita income, and standard of living of the people in countries such as India, China, Thailand, and South Korea. Also, presence of major player such as Manatec Electronics in this region further boosts the market growth. However, Europe is expected to show a steady rise in the wheel alignment market due to relatively high share of commercial vehicles, that require high maintains and directly favors the market in this region. In addition, there are presence of large number of tier-1 suppliers such as ACTIA Group, and Hofmann TeSys which offer advanced wheel alignment testing machines, is expected to propel the wheel alignment market across the region in upcoming years.
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Competitive Landscape
The market comprises of various players such as 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), ACTIA Group, Tokio Wheel Allignment, BMW AG, Bridgestone Corporation, Continental AG, Ford Motor Company, Robert Bosch GmbH, The Goodyear Tire and Rubber Company, and General Motors. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth and geographical reach. For instance, in April 2022, Autel launced a new wheel alignment and ADAS calibration frame, the IA900WA. It is one of the first integrated ADAS calibration and four-wheel alignment systems offered at an affordable piece, globally. Also, in October 2020, Hunter Engineering company launched touch-less wheel alignment inspection system in India. It is one of the industry’s first ‘drive-through’ contactless wheel alignment inspection or diagnostic systems.
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