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Wheel Aligner Equipment Market Analysis

  • Report ID: GMI9593
  • Published Date: May 2024
  • Report Format: PDF

Wheel Aligner Equipment Market Analysis

Based on product type, the market is divided into imaging wheel aligners, conventional wheel aligners and truck wheel aligners. The imaging wheel aligners segment dominates the market in 2023 and is projected to exceed USD 800 million by 2032. The imaging wheel aligners segment saw a considerable uptick due to their precision and efficiency. These advanced systems employ cameras and sensors to meticulously measure vehicle alignment, offering unparalleled accuracy.

With the automotive industry's growing emphasis on safety and performance, imaging wheel aligners have become indispensable tools for garages and workshops worldwide. Their ability to swiftly diagnose and rectify alignment issues ensures optimal vehicle performance, driving their prominence in the market.

Wheel Aligner Equipment Market Share, By Distribution Channel, 2023

Based on distribution channel, the wheel aligner equipment market is categorized into OEM and aftermarket. The aftermarket segment held a major market share of around 78% in 2023, driven by its adaptability and accessibility. Offering alignment solutions beyond dealership networks, aftermarket providers cater to a diverse range of vehicle owners and service centers. With competitive pricing, versatility, and easy availability, aftermarket wheel aligner equipment meets the demands of a vast consumer base. This segment's dominance reflects the growing preference for cost-effective and convenient alignment solutions in the automotive industry.

Asia Pacific Wheel Aligner Equipment Market Size, 2022-2032 (USD Million)

Asia Pacific dominated the global wheel aligner equipment market with a share of over 35% in 2023, owing to robust automotive infrastructure and burgeoning demand. With a rapidly expanding automotive sector and increasing investments in technological advancements, the region has become a key contributor to the industry's growth. Its strategic geographic location and growing emphasis on vehicle safety and performance position Asia Pacific as a pivotal contributor to the global automotive landscape.

Also, by leveraging its robust automotive sector, the United States has secured a notable portion of the market. With a focus on innovation and technological advancement, U.S. manufacturers produce cutting-edge alignment systems that cater to diverse consumer needs. Moreover, the country's extensive network of automotive service centers and dealerships ensures widespread accessibility to alignment solutions. This strategic positioning, in line with a strong commitment to quality and performance, has propelled the U.S. to prominence in the global wheel aligner equipment market.

Besides, the nations, including France, South Korea, Canada, Japan, Germany, the U.K., the Netherlands, the UAE, and Saudi Arabia, have secured decent shares in the wheel aligner equipment industry, showcasing a collective commitment to automotive excellence. They prioritize vehicle safety and performance, fostering a strong demand for advanced alignment solutions. Their robust economies and thriving automotive sectors drive innovation and adoption, making them influential contributors to the global market landscape and ensuring widespread accessibility to top-tier wheel aligner technology.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of wheel aligner equipment reached USD 1.2 billion in 2023 and is set to witness 4% CAGR between 2024 and 2032, attributed to growing consumer awareness regarding the importance of regular maintenance.

The imaging wheel aligners segment is projected to exceed USD 800 million by 2032, due to their precision and efficiency.

Asia Pacific market held over 35% share in 2023, owing to robust automotive infrastructure and burgeoning demand.

Atlas Equipment, Beissbarth GmbH, Cemb S.p.A., Corghi S.p.A., Fori Automation, Hawkeye Systems, Inc., Hunter Engineering Company, RAVAmerica, and Snap-on Incorporated among others.

Wheel Aligner Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 260
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