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Tire Changing Machines Market Analysis

  • Report ID: GMI7114
  • Published Date: Oct 2023
  • Report Format: PDF

Tire Changing Machines Market Analysis

Based on machine type, the fully automatic tire changing machines segment is poised to grow at a CAGR of around 3% through 2032. As the demand for efficient and quick tire changing services is increasing, automotive service providers have started investing in automated solutions to enhance customer experience. Additionally, the integration of technologies such as robotics and AI into fully automatic machines aligns with the industry's move toward greater automation. This trend ensures better productivity and is likely to drive the expansion of the fully automatic tire changing machines segment in the market.
 

Global Tire Changing Machines Market Share, By End User, 2022

Based on end user, the automotive service centers segment was worth USD 200 million in 2022.As the automotive industry is expanding globally, the demand for tire maintenance and replacement services has also increased, fostering the need for efficient & advanced tire changing equipment. Moreover, the trend toward more frequent tire maintenance, preventive care, and the shift toward electric and hybrid vehicles amplifies the role of service centers, promoting the adoption of specialized tire changing machines.  
 

 China Tire Changing Machines Market Revenue, 2021 -2032, (USD Million)

Asia Pacific region held approximately 40% of the tire changing machines market share in 2022. Rapid urbanization, industrialization, and an expanding automotive sector are driving the demand for tire changing equipment in commercial, residential, and industrial applications. Additionally, increased awareness of vehicle maintenance and safety, coupled with the emergence of advanced automotive technologies, will foster the need for modernized tire service solutions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of changing machines was worth USD 504 million in 2022 and is projected to grow at a CAGR of over 4.5% between 2023 and 2032, driven by the increasing presence of commercial vehicles worldwide.

The automotive service centers segment was valued at over USD 200 million in 2022 and is expected to experience a significant growth through 2032, because the automotive industry is expanding globally, leading to the demand for efficient & advanced tire maintenance and replacement services.

Asia Pacific held a dominant market share of over 40% in 2022. Rapid urbanization, industrialization, and an expanding automotive sector are driving the demand for tire changing equipment in commercial, residential, and industrial applications across the APAC region.

Alpina Tyre Group Co., Ltd., Bosch Automotive Service Solutions, Corghi S.p.A., Giuliano Group, Hofmann Megaplan, Hunter Engineering Company, Ravaglioli S.p.A., SICE (SAE), Snap-on Incorporated, and Twin Busch GmbH

Tire Changing Machines Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 622
  • Countries covered: 21
  • Pages: 373
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