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|Region||Vehicle Type||Garage Type||Equipment Type|
|North America||Two Wheelers||Automotive OEM Dealerships||Wheel alignment systems|
|Latin America||Light Vehicles||Franchise Garage||Wheel balancers|
|Europe||Heavy Vehicles||Independent Garages||Tire Inflator|
Wheel Alignment Systems among Equipment Type to Gain Lion’s Share of the Market
On the basis of equipment type, wheel alignment systems are likely to gain lion’s share of the market by 2026-end, in terms of value. This is mainly because of penetration of computerized wheel alignment systems, which are completely automatic, highly accurate, precise and quick in operation. In addition, manufacturers are focusing on the development of wheel alignment systems with properties such as protection in wheel clamping, user-friendly calibration and automatic self-check.
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In terms of value, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative market for wheel and tire service equipment, mainly driven by the robust expansion of the automotive sector in the region. In addition, relatively less developed roadways in suburban as well as in various urban areas has led to higher prevalence of damage to vehicles in the region. Europe will also remain a lucrative region for the market growth on the back of rapid technological advancements in the region’s automotive industry.
Key Research Findings from Fact.MR’s Report
- Light vehicles and two wheelers will account for largest shares of the market, in terms of revenues
- Based on garage type, automotive OEM dealerships will continue to be dominant in the market, followed by franchise garage
Imperative assets of market players include brand image and penetration through state-of-the-art equipment. In addition, wheel and tire service equipment manufacturers are infusing relatively lower cost products for attracting smaller, price-sensitive garages. Key players identified by Fact.MR’s report include Arex Test Systems B.V., Robert Bosch GmbH, Aro Equipments Pvt. Ltd, Istobal S.A., Vehicle Service Group, Symach SRL, VisiCon Automatisierungstechnik GmbH, Snap-on Incorporated, Sarveshwari Technologies Limited (SARV), and Guangzhou Jingjia Auto Equipment Co., Ltd.
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