Tire and Wheel Handling Equipment Market Size & Share 2023 to 2032
Market Size by Equipment Type (Wheel Balancer, Tire Changer, Tire Inflator, Wheel Alignment Systems, Lifting Equipment), by Vehicle Type (Two Wheelers, Passenger Vehicle, Commercial Vehicle), by End User.
Report ID: GMI7230
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Published Date: October 2023
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Report Format: PDF
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Authors:
Preeti Wadhwani, Aishvarya Ambekar
Tire and Wheel Handling Equipment Market Size
Tire and Wheel Handling Equipment Market was valued at USD 3.2 billion in 2022 and is projected to grow at a CAGR of over 4% between 2023 and 2032. To meet the rising consumer demand, there has been an increase in the production of vehicles including passenger cars, trucks, buses, and specialized vehicles such as electric and autonomous cars. Technological advancements and innovations in vehicle designs, manufacturing processes, and safety features, as well as the adoption of environment-friendly vehicles including electric & hybrid cars, boost industry growth. These diverse vehicles cater to the varied preferences of consumers, fostering both growth and diversification in the industry. The integration of technology into vehicles including connected car systems and autonomous driving features further expands the industry.
Tire and Wheel Handling Equipment Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Economic factors, such as consumer incomes and the overall economic health, play a significant role in automotive industry growth as strong economies prompt increased vehicle purchases. The complex supply chain and various automotive component suppliers augment industry expansion. Government regulations and safety standards drive R&D, creating growth opportunities for companies producing safety-related components.
Manufacturers are compelled to invest in high-cost technologies and processes to ensure regulatory compliance, which can elevate production expenses. The regulations target emission control, waste management, and energy efficiency, demanding companies to adopt cleaner practices and reduce energy consumption. The restrictions on material usage may also necessitate alterations in equipment composition and production methods.
The administrative burden of documenting and reporting adherence to environmental standards further complicates the manufacturing process. For global businesses, navigating a landscape of varying international regulations adds complexities to their operations. Nevertheless, these challenges provide opportunities for innovations, differentiation, and enhanced environmental responsibility, positioning manufacturers that effectively address them as leaders in a world increasingly focused on eco-friendliness and sustainability.
COVID-19 Impact
The COVID-19 pandemic had profound impacts on the tire and wheel handling equipment industry. Automotive manufacturers scaled back operations and temporarily halted production due to supply chain disruptions, labor shortages, and reduced consumer demand owing to lockdowns and economic uncertainties. The pandemic also affected automotive service centers and tire retailers, leading to lower maintenance and replacement activities, further reducing the equipment demand in these sectors.
Tire and Wheel Handling Equipment Market Trends
To meet the demands of the modern automotive industry, automation & robotics have become pivotal in enhancing efficiency, accuracy, and safety in tire and wheel handling processes. Automated tire changers, wheel balancers, and alignment systems are increasingly becoming prevalent, reducing the manual labor required for these tasks. Robotic arms and systems can precisely handle heavy tires and wheels, improving the safety of technicians while ensuring that tires are mounted and balanced with utmost precision. This trend increases the speed & consistency of servicing and addresses the skills gap in the industry by allowing less-experienced technicians to perform complex tasks with greater ease. Automation and robotics enable remote monitoring & control, facilitating predictive maintenance and minimizing downtime.
For instance, in June 2023, RoboTire launched a tire-changing system that uses a robot-mounted 3D vision system from Zivid, which enables the robot to handle tires, rims, and vehicles. The Zivid 2 3D camera mounted on the robot captures the scene with acute visual detail and depth, and RoboTire's advanced AI algorithms make the system fully autonomous and adaptable to all types of vehicles it encounters.
Tire and Wheel Handling Equipment Market Analysis
Based on equipment type, the tire and wheel handling equipment industry is categorized into wheel balancer, tire changer, tire inflator, wheel alignment systems, and lifting equipment. The wheel alignment systems segment will expand at a high CAGR from 2023 to 2032. The automotive industry's advancements including the emergence of electric and autonomous vehicles, necessitate highly precise wheel alignment systems. These specialized vehicles require meticulous alignment to optimize their performance, safety, and energy efficiency, fueling the advanced wheel alignment equipment demand. Safety concerns also play a significant role in the growing popularity of wheel alignment systems. Proper wheel alignment is vital for road safety as misaligned wheels can result in uneven tire wear, compromised handling stability, and increased braking distances. The heightened focus on safety pushes automotive service centers to invest in advanced wheel alignment equipment to ensure that vehicles are in peak condition.
Based on end-user, the market is segmented into repair shops, tire service centers, motorcycle repair shops and OEM dealerships. Automotive OEM Dealerships segment held over 31% market share in 2022 as they have a deep & direct connection with vehicle manufacturers and receive the latest equipment recommendations & specifications, which allows them to stay at the forefront of industry advancements. This positions dealers as early adopters of cutting-edge tire and wheel handling equipment, ensuring they can provide the most advanced and specialized services to customers. Dealerships operate as one-stop shops for vehicle sales, service, and maintenance, which makes them the primary hubs for tire and wheel servicing. They have a steady & reliable stream of customers who rely on their expertise and equipment for maintenance & repairs.
North America tire and wheel handling equipment market is witnessing robust growth generating a revenue of around USD 980.4 million in 2022, due to high concentration of vehicle manufacturers, automotive service centers, and dealerships. The high concentration generates a substantial demand for tire and wheel handling equipment, as the industry requires advanced machinery for vehicle servicing and maintenance. The automotive culture in the region, characterized by a strong emphasis on personal vehicles and long-distance travel, leads to a high demand for tire services and equipment.
Tire and Wheel Handling Equipment Market Share
The major enterprises dominating the competitive landscape of the tire and wheel handling equipment industry include:
Bosch Automotive Service Solutions holds the largest market share due to its focus on R&D to ensure that its equipment is at the forefront of technological advancements including automation, digitalization, and eco-friendly solutions. This makes the company a preferred choice among automotive service centers and OEM dealerships. Bosch's global reach and distribution network enable the company to provide its equipment to a wide range of markets and customers.
Tire and Wheel Handling Equipment Industry News
The tire and wheel handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD billion) from 2018 to 2032 for the following segments:
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Market, By Equipment Type
Market, By Vehicle Type
Market, By End User, 2018 – 2032
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
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✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
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Trust & credibility
Verified data sources
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Regulatory filings
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Academic research
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GMI archive
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Trade data
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Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →