Wheel and Tire Service Equipment Market
Wheel and Tire Service Equipment Market Study by Wheel Balancers, Wheel Alignment Systems, and Tire Inflators from 2023 to 2033
Analysis of Wheel and Tire Service Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Wheel and Tire Service Equipment Market Outlook (2023-2033)
The wheel and tire service equipment market is estimated to reach valuation of US$ 4,046.6 Million in 2023 and will top US$ 5,893.9 Million by 2033, growing with a CAGR of around 3.8% from 2023-2033.
The automotive repair and maintenance market was valued around US$ 685 billion in 2022. The use case of wheel and tire service equipment market in automotive repair and maintenance market is on the rise owing to higher spending on tire and wheel repair.
Report Attributes |
Details |
|
Wheel and Tire Service Equipment Market Size (2022A) |
US$ 3,887.4 Million |
|
Estimated Market Value (2023E) |
US$ 4,046.6 Million |
|
Forecast Market Value (2033F) |
US$ 5,893.9 Million |
|
Global Market Growth Rate (2023-2033) |
3.8% CAGR |
|
North America Market Share (2023) |
17.7% |
|
North America Market Value (2023) |
US$ 716.4 million |
|
Europe Market Share (2023) |
30.2% |
|
Europe Market Value (2023) |
US$ 1,220.5 million |
|
China Market Share (2023) |
13.0% |
|
China Market Value (2023) |
US$ 524.7 million |
|
Market Share of Top 3 Countries |
35.8% |
|
Key Companies Profiled |
|
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Sales Analysis of Wheel and Tire Service Equipment (2018-2021) Vs. Market Outlook (2023-2033)
Wheels and tires are not just necessary parts of a car/vehicle but also parts that improve the performance and style of the vehicle. They're among the simplest and most useful modifications an automobile enthusiast can make, whether for the track, the street, or the trail.
Around the world, the importance of performing timely preventative maintenance on cars, and light or heavy vehicles have increased significantly. The majority of people work to keep their cars in good condition. Daily commuters are paying more attention to keeping their cars maintained. All these factors will act as a driving factor for the growth of the market.
The automobile aftermarket is going through significant changes as a result of changing consumer expectations, accelerating technical advancements, and changes in the competitive landscape. These modifications will alter how consumers, automotive suppliers, and other aftermarket businesses perceive automobiles and related services.
- Short Term (2023 Q1 to 2026): Increasing number of car sales and hence its maintenance services will aid wheel and tire service equipment market growth.
- Medium Term (2026- 2029): North America, East Asia and Europe is anticipated to witness comparatively high wheel and tire service equipment demand due to increasing demand automotive industry in the regions.
- Long Term (2029- 2033): Integrating new advanced technology for improving the efficiency and addition of advanced features of the product can open doors to new opportunities for the wheel and tire service equipment manufacturers.
From 2018 to 2022, the global market for wheel and tire service equipment registered a CAGR of 2.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 3.8% CAGR between 2023 and 2033.
What’s Driving High Demand for Wheel and Tire Service Equipment across Regions?
“Technological advancements in wheel and tire service equipment to propel the market”
Advance technology has significantly increased the demand for new vehicle adoption. The requirements for modern cars have also been satisfied by rising innovation and increased expenditure in research and development. A number of adjustments have also been made in the garage equipment sector to increase the durability and caliber of the products.
The development of newer, more effective garage equipment has also given training institutes new options. Sonar guidance capabilities, virtual reality systems, and optical imaging are among the high-tech features that should be implemented in the essential products of wheel and tire service equipment, which could impact demand for these devices.
Additionally, the increasing sales of wheel and tire-related services and a trend toward the adoption of do-it-yourself equipment should increase the demand for wheel and tire service equipment in the future.
“Mounting automotive industry to contribute to the sales of wheel and tire service equipment”
The automobile industry is witnessing a speedy recovery trend from the second quarter of 2021 onwards, and sales of new and used cars are showing remarkable growth in major countries around the world.
The price competitiveness of new entrants is a bright spot in the automotive industry, especially in the used car sector. The investment made by industry participants to establish dealer networks in the marketplace is one of the reasons for the increasing volume of new and used vehicle sales worldwide.
According to a survey, approximately 62% of vehicle loans were taken for the purchase of second-hand or used vehicles. The used vehicles are supposed to undergo several modifications that will enhance their efficiency and longevity of the vehicle. Hence, the demand for used vehicles will propel the market for wheel and tire service equipment.
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What Do Wheel and Tire Service Equipment Manufacturers Need to Watch Out?
“Disruptions in the supply chain of raw material and components to hamper market”
The covid-19 pandemic has led to the rise of many issues in the supply chain of raw materials. The automotive industry and its sectors such as maintenance centers, and garages are highly affected due to such supply chain problems.
The shortage of components required for the manufacturing and maintenance of vehicles has affected the sales of the automobile industry. Also, the shortage of semiconductor chips is affecting the automotive industry which has a domino effect on the sales of wheel and tire service equipment.
Country Wise Analysis
How Japan Wheel and Tire Service Equipment Market will grow?
Modernizing existing repair facilities and independent garages, as well as rising car sales in nations of the East Asia region, are factors that are driving demand in the wheel and tire service equipment market. Additionally, the market is expected to grow in the future as OEMs begin giving priority to the gathering of data on improving vehicle performance, which increases the need for appropriate equipment for the maintenance of vehicles.
The average monthly maintenance expenditures for private passenger cars in Japan were reported to be around US$ 95 in June 2022, which demonstrated a slight increase from roughly US$ 88 in 2021.
On the basis of the previously described factors and trends, it is anticipated that Japan will offer a variety of opportunities for revenue generation for the market players. Japan will capture a market share of 26.3% in the East Asia region in 2023.
How Market for Wheel and Tire Service Equipment is Estimated to Rise in U.S.?
The United States is home to a large automotive industry, making it an important market for wheel and tire service equipment in North America. According to Fact.MR analysis, the North American wheel, and tire service equipment market is expected to expand at a CAGR of 3.7% in the forecast period and the U.S. is expected to achieve a valuation of US$ 656.5 million in 2023.
Living spaces such as villas, bungalows, and single-family homes in the U.S. have built-in personal garages. This has increased the demand for basic garage equipment such as wheel balancers, tire changers, wheel alignment systems, etc. It is estimated that the market will grow rapidly in all developed economies like the U.S. in the near future as people around the world increasingly prefer smooth and comfortable driving experience.
Analyzing the current scenario, it is estimated that the residents of the U.S. will be more inclined to maintain their vehicles properly due to their higher standard of living and higher disposable income, which will increase the demand for wheel and tire service equipment in the country.
Category wise Insights
How Increased Demand for Wheel Alignment System Will Contribute to Rise in the Market?
The wheel alignment system is an important segment that will lead to the proper servicing of the vehicles. This system should have minimal set-up time and should be quick, which provides accurate results when aligning today's complex tire and wheel combinations.
The most advanced computer-aided alignment systems include high-resolution cameras that quickly and easily measure the position and alignment of the required targets mounted on each wheel. These machines can instantly invoke OE-specific alignment procedures.
An accurate and efficient wheel alignment system features 3D technology that increases efficiency, impresses customers and drives repeat business. Therefore, the market for wheel alignment systems is poised to rise and capture a revenue share of 81.8% in 2023.
Which Type of Garage Type is Expected to Grow during the Forecast Period?
On the basis of workshop types, the wheel and tire service equipment market is segmented into automotive OEM dealers, franchise, and independent garages. According to Fact.MR analysis, the automotive OEM dealer segment will account for 26.3% revenue share of the global market in 2023.
The automotive OEM dealer segment also has higher chances of growth in the coming years as independent garage owners are unlikely to be able to maintain and afford advanced and quality maintenance systems for luxury vehicles.
Currently, independent garages hold the maximum share in the garage-type segment. Many vehicle owners prefer this option because of its cost-effectiveness and also the use of quality equipment for the maintenance of the vehicles. The independent garage sub-segment is expected to enjoy a valuation of US$ 1,968.7 million in 2023.
Competitive Landscape
Fact.MR profiled the following top companies in wheel and tire service equipment market in its report. Those companies are ARI-HETRA, ARO Equipments PVT LTD., Automotive Specialty Equipment, Inc. , Hennessy Industries, Hofmann, Hunter Engineering Company, Jingjia Auto Equipment, John Bean, Martins Industries, National Auto Tools, Ravaglioli S.p.A, Sarveshwari Engineers, SPACE S.R.L., Vehicle Service Group (Rotary Lift).
Manufacturers of automobiles and automotive components and equipment are putting more emphasis on new product development initiatives to increase their customer base in response to the rising demand for automobiles globally. Furthermore, manufacturers are expanding their product ranges and raising the quality of their products due to the emerging sector of electric vehicles.
Manufacturers are now focused on achieving the right balance of product mix and placement to meet demand expectations and maintain competitive advantage.
Fact.MR has provided detailed information about the price points of key manufacturers of wheel and tire service equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Wheel and Tire Service Equipment Industry Research
-
By Equipment Type :
- Wheel alignment systems
- Wheel balancers
- Tire Inflator
- Tire Changer
-
By Vehicle Type :
- Two Wheelers
- Passenger Vehicle
- Mid-Size & Compact
- Luxury & Premium
- SUVs
- Commercial Vehicle
- LCV
- HCV
- Coaches & Buses
-
By Garage Type :
- Automotive OEM Dealerships
- Franchise Garage
- Independent Garages
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- Middle East & Africa
Table of Content
1. Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Global Automotive Industry Outlook 3.2. Global Automotive Repair and Maintenance Industry Analysis 3.3. Automotive Repair and Maintenance Industry Analysis, by Region 3.4. Number of Garages, by Region 3.5. Garage Equipment Industry Analysis 3.6. Penetration of in Global Automotive Service Market 3.7. Market White Space Assessment and Opportunity Analysis 3.8. Market Opportunity Assessment 3.8.1. Total Available Market (US$ million) 3.8.2. Serviceable Addressable Market (US$ million) 3.8.3. Serviceable Obtainable Market (US$ million) 3.9. Market Dynamics 3.9.1. Market Growth Drivers 3.9.2. Market Restraints 3.9.3. Market Opportunity 3.9.4. Market Trends 3.10. Industry Value and Supply Chain Analysis 3.10.1. Value Added at Each Node of Supply Chain 3.10.2. Gross Profitability Margins (at Every Level) 3.10.3. List of Key Participants 3.10.3.1. List of Raw Materials & Component suppliers 3.10.3.2. List of Key Manufacturers 3.10.3.3. List of distributors 3.10.3.4. List of end-users 3.11. Forecast and Macro-Economic Factors – Relevance and Impact 4. Global Demand (Units) Analysis and Forecast 4.1. Historical Market Volume (Units) Analysis, 2018-2022 4.2. Current and Future Market Volume (Units) Projections, 2023-2033 4.3. Y-o-Y Volume Growth Trend Analysis 5. Global Market - Pricing Analysis 5.1. Equipment Type and Country-Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global Market Value (US$ million) Analysis and Forecast 6.1. Historical Market Value (US$ million) Analysis, 2018-2022 6.2. Current and Future Market Value (US$ million) Projections, 2023-2033 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis and Forecast, By Equipment Type 7.1. Introduction / Key Findings 7.2. Historical Market Value (US$ million) and Volume (Units) Analysis by Equipment Type, 2018-2022 7.3. Current and Future Market Value (US$ million) Analysis and Volume (Units) Forecast by Equipment Type, 2023-2033 7.3.1. Wheel alignment systems 7.3.2. Wheel balancers 7.3.3. Tire Inflator 7.3.4. Tire Changer 7.4. Market Attractiveness Analysis by Equipment Type 8. Global Market Analysis and Forecast, By Vehicle Type 8.1. Introduction / Key Findings 8.2. Historical Market Value (US$ million) and Volume (Units) Analysis By Vehicle Type, 2018-2022 8.3. Current and Future Market Value (US$ million) Analysis and Volume (Units) Forecast By Vehicle Type, 2023-2033 8.3.1. Two Wheelers 8.3.2. Passenger Vehicle 8.3.2.1. Mid-Size & Compact 8.3.2.2. Luxury & Premium 8.3.2.3. SUVs 8.3.3. Commercial Vehicle 8.3.3.1. LCV 8.3.3.2. HCV 8.3.3.3. Coaches & Buses 8.4. Market Attractiveness Analysis by Vehicle Type 9. Global Market Analysis and Forecast, By Garage Type 9.1. Introduction / Key Findings 9.2. Historical Market Value (US$ million) and Volume (Units) Analysis by Garage Type, 2018-2022 9.3. Current and Future Market Value (US$ million) Analysis and Volume (Units) Forecast by Garage Type, 2023-2033 9.3.1. Automotive OEM Dealerships 9.3.2. Franchise Garage 9.3.3. Independent Garages 9.4. Market Attractiveness Analysis By Garage Type 10. Global Market Analysis and Forecast, By Region 10.1. Introduction 10.2. Historical Market Value (US$ million) and Volume (Units) Analysis By Region, 2018-2022 10.3. Current Market Value (US$ million) Analysis and Volume (Units) Forecast By Region, 2023-2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia & Oceania 10.3.6. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Value (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022 11.4. Market Value (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023 - 2033 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.2. By Equipment Type 11.4.3. By Vehicle Type 11.4.4. By Garage Type 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Equipment Type 11.5.3. By Vehicle Type 11.5.4. By Garage Type 12. Latin America Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Value (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022 12.4. Market Value (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023 - 2033 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Argentina 12.4.1.4. Rest of Latin America 12.4.2. By Equipment Type 12.4.3. By Vehicle Type 12.4.4. By Garage Type 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Equipment Type 12.5.3. By Vehicle Type 12.5.4. By Garage Type 13. Europe Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Value (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022 13.4. Market Value (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023 - 2033 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. Italy 13.4.1.4. Spain 13.4.1.5. U.K. 13.4.1.6. BENELUX 13.4.1.7. Russia 13.4.1.8. Rest of Europe 13.4.2. By Equipment Type 13.4.3. By Vehicle Type 13.4.4. By Garage Type 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Equipment Type 13.5.3. By Vehicle Type 13.5.4. By Garage Type 14. East Asia Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Value (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022 14.4. Market Value (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023 - 2033 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.2. By Equipment Type 14.4.3. By Vehicle Type 14.4.4. By Garage Type 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Equipment Type 14.5.3. By Vehicle Type 14.5.4. By Garage Type 15. South Asia & Oceania Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Historical Market Value (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022 15.4. Market Value (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023 - 2033 15.4.1. By Country 15.4.1.1. India 15.4.1.2. Thailand 15.4.1.3. Indonesia 15.4.1.4. Malaysia 15.4.1.5. Australia & New Zealand 15.4.1.6. Rest of South Asia & Oceania 15.4.2. By Equipment Type 15.4.3. By Vehicle Type 15.4.4. By Garage Type 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Equipment Type 15.5.3. By Vehicle Type 15.5.4. By Garage Type 16. Middle East & Africa Market Analysis and Forecast 16.1. Introduction / Key Findings 16.2. Pricing Analysis 16.3. Historical Market Value (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022 16.4. Market Value (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023 - 2033 16.4.1. By Country 16.4.1.1. GCC Countries 16.4.1.2. South Africa 16.4.1.3. Northern Africa 16.4.1.4. Turkey 16.4.1.5. Rest of Middle East & Africa 16.4.2. By Equipment Type 16.4.3. By Vehicle Type 16.4.4. By Garage Type 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Equipment Type 16.5.3. By Vehicle Type 16.5.4. By Garage Type 17. Country-level Market Analysis and Forecast 17.1. Introduction / Key Findings 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. US Market Analysis 17.2.1. Value Proportion Analysis by Market Taxonomy 17.2.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.2.2.1. By Equipment Type 17.2.2.2. By Vehicle Type 17.2.2.3. By Garage Type 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis by Market Taxonomy 17.3.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.3.2.1. By Equipment Type 17.3.2.2. By Vehicle Type 17.3.2.3. By Garage Type 17.4. Brazil Market Analysis 17.4.1. Value Proportion Analysis by Market Taxonomy 17.4.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.4.2.1. By Equipment Type 17.4.2.2. By Vehicle Type 17.4.2.3. By Garage Type 17.5. Mexico Market Analysis 17.5.1. Value Proportion Analysis by Market Taxonomy 17.5.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.5.2.1. By Equipment Type 17.5.2.2. By Vehicle Type 17.5.2.3. By Garage Type 17.6. Argentina Market Analysis 17.6.1. Value Proportion Analysis by Market Taxonomy 17.6.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.6.2.1. By Equipment Type 17.6.2.2. By Vehicle Type 17.6.2.3. By Garage Type 17.7. Germany Market Analysis 17.7.1. Value Proportion Analysis by Market Taxonomy 17.7.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.7.2.1. By Equipment Type 17.7.2.2. By Vehicle Type 17.7.2.3. By Garage Type 17.8. France Market Analysis 17.8.1. Value Proportion Analysis by Market Taxonomy 17.8.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.8.2.1. By Equipment Type 17.8.2.2. By Vehicle Type 17.8.2.3. By Garage Type 17.9. Italy Market Analysis 17.9.1. Value Proportion Analysis by Market Taxonomy 17.9.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.9.2.1. By Equipment Type 17.9.2.2. By Vehicle Type 17.9.2.3. By Garage Type 17.10. Spain Market Analysis 17.10.1. Value Proportion Analysis by Market Taxonomy 17.10.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.10.2.1. By Equipment Type 17.10.2.2. By Vehicle Type 17.10.2.3. By Garage Type 17.11. BENELUX Market Analysis 17.11.1. Value Proportion Analysis by Market Taxonomy 17.11.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.11.2.1. By Equipment Type 17.11.2.2. By Vehicle Type 17.11.2.3. By Garage Type 17.12. Russia Market Analysis 17.12.1. Value Proportion Analysis by Market Taxonomy 17.12.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.12.2.1. By Equipment Type 17.12.2.2. By Vehicle Type 17.12.2.3. By Garage Type 17.13. U.K. Market Analysis 17.13.1. Value Proportion Analysis by Market Taxonomy 17.13.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.13.2.1. By Equipment Type 17.13.2.2. By Vehicle Type 17.13.2.3. By Garage Type 17.14. China Market Analysis 17.14.1. Value Proportion Analysis by Market Taxonomy 17.14.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.14.2.1. By Equipment Type 17.14.2.2. By Vehicle Type 17.14.2.3. By Garage Type 17.15. Japan Market Analysis 17.15.1. Value Proportion Analysis by Market Taxonomy 17.15.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.15.2.1. By Equipment Type 17.15.2.2. By Vehicle Type 17.15.2.3. By Garage Type 17.16. South Korea Market Analysis 17.16.1. Value Proportion Analysis by Market Taxonomy 17.16.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.16.2.1. By Equipment Type 17.16.2.2. By Vehicle Type 17.16.2.3. By Garage Type 17.17. India Market Analysis 17.17.1. Value Proportion Analysis by Market Taxonomy 17.17.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.17.2.1. By Equipment Type 17.17.2.2. By Vehicle Type 17.17.2.3. By Garage Type 17.18. ASEAN Countries Market Analysis 17.18.1. Value Proportion Analysis by Market Taxonomy 17.18.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.18.2.1. By Equipment Type 17.18.2.2. By Vehicle Type 17.18.2.3. By Garage Type 17.19. Australia Market Analysis 17.19.1. Value Proportion Analysis by Market Taxonomy 17.19.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.19.2.1. By Equipment Type 17.19.2.2. By Vehicle Type 17.19.2.3. By Garage Type 17.20. GCC Countries Market Analysis 17.20.1. Value Proportion Analysis by Market Taxonomy 17.20.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.20.2.1. By Equipment Type 17.20.2.2. By Vehicle Type 17.20.2.3. By Garage Type 17.21. Turkey Market Analysis 17.21.1. Value Proportion Analysis by Market Taxonomy 17.21.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.21.2.1. By Equipment Type 17.21.2.2. By Vehicle Type 17.21.2.3. By Equipment Type 17.21.2.4. By Garage Type 17.22. South Africa Market Analysis 17.22.1. Value Proportion Analysis by Market Taxonomy 17.22.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.22.2.1. By Equipment Type 17.22.2.2. By Vehicle Type 17.22.2.3. By Garage Type 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Concentration of Players 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking of Products 19.3. Competition Deep Dive: 19.3.1. Arex Test Systems B.V. 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Key Financials 19.3.1.4. SWOT Analysis 19.3.1.5. Key Developments 19.3.1.6. Strategy Overview 19.3.2. Robert Bosch GmbH 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Key Financials 19.3.2.4. SWOT Analysis 19.3.2.5. Key Developments 19.3.2.6. Strategy Overview 19.3.3. Aro Equipments Pvt. Ltd 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Key Financials 19.3.3.4. SWOT Analysis 19.3.3.5. Key Developments 19.3.3.6. Strategy Overview 19.3.4. Istobal S.A. 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Key Financials 19.3.4.4. SWOT Analysis 19.3.4.5. Key Developments 19.3.4.6. Strategy Overview 19.3.5. Vehicle Service Group 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Key Financials 19.3.5.4. SWOT Analysis 19.3.5.5. Key Developments 19.3.5.6. Strategy Overview 19.3.6. Symach SRL 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Key Financials 19.3.6.4. SWOT Analysis 19.3.6.5. Key Developments 19.3.6.6. Strategy Overview 19.3.7. VisiCon Automatisierungstechnik GmbH 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Key Financials 19.3.7.4. SWOT Analysis 19.3.7.5. Key Developments 19.3.7.6. Strategy Overview 19.3.8. Snap-on Incorporated 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Key Financials 19.3.8.4. SWOT Analysis 19.3.8.5. Key Developments 19.3.8.6. Strategy Overview 19.3.9. Sarveshwari Technologies Limited (SARV) 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Key Financials 19.3.9.4. SWOT Analysis 19.3.9.5. Key Developments 19.3.9.6. Strategy Overview 19.3.10. Guangzhou Jingjia Auto Equipment Co., Ltd. 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Key Financials 19.3.10.4. SWOT Analysis 19.3.10.5. Key Developments 19.3.10.6. Strategy Overview 20. Assumptions & Acronyms Used 21. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Historic by Region, 2018-2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023-2033
Table 03. Global Market Volume (Units) and Historic by Region, 2018-2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023-2033
Table 05. Global Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 06. Global Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 07. Global Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 08. Global Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 09. Global Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 10. Global Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 11. Global Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 12. Global Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 13. Global Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 14. Global Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 15. Global Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 16. Global Market Volume (Units) and Forecast By Garage Type, 2023-2033
Table 17. North America Market Value (US$ million) and Historic by Country, 2018-2022
Table 18. North America Market Value (US$ million) and Forecast by Country, 2023-2033
Table 19. North America Market Volume (Units) and Historic by Country, 2018-2022
Table 20. North America Market Volume (Units) and Forecast by Country, 2023-2033
Table 21. North America Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 22. North America Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 23. North America Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 24. North America Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 25. North America Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 26. North America Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 27. North America Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 28. North America Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 29. North America Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 30. North America Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 31. North America Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 32. North America Market Volume (Units) and Forecast By Garage Type, 2023-2033
Table 33. Latin America Market Value (US$ million) and Historic by Country, 2018-2022
Table 34. Latin America Market Value (US$ million) and Forecast by Country, 2023-2033
Table 35. Latin America Market Volume (Units) and Historic by Country, 2018-2022
Table 36. Latin America Market Volume (Units) and Forecast by Country, 2023-2033
Table 37. Latin America Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 38. Latin America Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 39. Latin America Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 40. Latin America Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 41. Latin America Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 42. Latin America Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 43. Latin America Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 44. Latin America Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 45. Latin America Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 46. Latin America Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 47. Latin America Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 48. Latin America Market Volume (Units) and Forecast By Garage Type, 2023-2033
Table 49. Europe Market Value (US$ million) and Historic by Country, 2018-2022
Table 50. Europe Market Value (US$ million) and Forecast by Country, 2023-2033
Table 51. Europe Market Volume (Units) and Historic by Country, 2018-2022
Table 52. Europe Market Volume (Units) and Forecast by Country, 2023-2033
Table 53. Europe Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 54. Europe Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 55. Europe Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 56. Europe Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 57. Europe Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 58. Europe Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 59. Europe Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 60. Europe Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 61. Europe Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 62. Europe Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 63. Europe Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 64. Europe Market Volume (Units) and Forecast By Garage Type, 2023-2033
Table 65. East Asia Market Value (US$ million) and Historic by Country, 2018-2022
Table 66. East Asia Market Value (US$ million) and Forecast by Country, 2023-2033
Table 67. East Asia Market Volume (Units) and Historic by Country, 2018-2022
Table 68. East Asia Market Volume (Units) and Forecast by Country, 2023-2033
Table 69. East Asia Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 70. East Asia Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 71. East Asia Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 72. East Asia Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 73. East Asia Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 74. East Asia Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 75. East Asia Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 76. East Asia Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 77. East Asia Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 78. East Asia Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 79. East Asia Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 80. East Asia Market Volume (Units) and Forecast By Garage Type, 2023-2033
Table 81. South Asia & Oceania Market Value (US$ million) and Historic by Country, 2018-2022
Table 82. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023-2033
Table 83. South Asia & Oceania Market Volume (Units) and Historic by Country, 2018-2022
Table 84. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023-2033
Table 85. South Asia & Oceania Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 86. South Asia & Oceania Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 87. South Asia & Oceania Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 88. South Asia & Oceania Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 89. South Asia & Oceania Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 90. South Asia & Oceania Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 91. South Asia & Oceania Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 92. South Asia & Oceania Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 93. South Asia & Oceania Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 94. South Asia & Oceania Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 95. South Asia & Oceania Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 96. South Asia & Oceania Market Volume (Units) and Forecast By Garage Type, 2023-2033
Table 97. MEA Market Value (US$ million) and Historic by Country, 2018-2022
Table 98. MEA Market Value (US$ million) and Forecast by Country, 2023-2033
Table 99. MEA Market Volume (Units) and Historic by Country, 2018-2022
Table 100. MEA Market Volume (Units) and Forecast by Country, 2023-2033
Table 101. MEA Market Value (US$ million) and Historic By Equipment Type, 2018-2022
Table 102. MEA Market Value (US$ million) and Forecast By Equipment Type, 2023-2033
Table 103. MEA Market Volume (Units) and Historic By Equipment Type, 2018-2022
Table 104. MEA Market Volume (Units) and Forecast By Equipment Type, 2023-2033
Table 105. MEA Market Value (US$ million) and Historic By Vehicle Type, 2018-2022
Table 106. MEA Market Value (US$ million) and Forecast By Vehicle Type, 2023-2033
Table 107. MEA Market Volume (Units) and Historic By Vehicle Type, 2018-2022
Table 108. MEA Market Volume (Units) and Forecast By Vehicle Type, 2023-2033
Table 109. MEA Market Value (US$ million) and Historic By Garage Type, 2018-2022
Table 110. MEA Market Value (US$ million) and Forecast By Garage Type, 2023-2033
Table 111. MEA Market Volume (Units) and Historic By Garage Type, 2018-2022
Table 112. MEA Market Volume (Units) and Forecast By Garage Type, 2023-2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023-2033
Figure 05. Global Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 07. Global Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 09. Global Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 11. Global Market Attractiveness Analysis by Country, 2023-2033
Figure 12. Global Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 13. Global Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 14. Global Market Attractiveness Analysis By Garage Type, 2023-2033
Figure 15. North America Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 16. North America Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 17. North America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 19. North America Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 21. North America Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 22. North America Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 23. North America Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 24. North America Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 25. North America Market Attractiveness Analysis by Country, 2023-2033
Figure 26. North America Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 27. North America Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 28. North America Market Attractiveness Analysis By Garage Type, 2023-2033
Figure 29. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 30. Latin America Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 31. Latin America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 32. Latin America Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 33. Latin America Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 34. Latin America Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 35. Latin America Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 36. Latin America Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 37. Latin America Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 38. Latin America Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 39. Latin America Market Attractiveness Analysis by Country, 2023-2033
Figure 40. Latin America Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 41. Latin America Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 42. Latin America Market Attractiveness Analysis By Garage Type, 2023-2033
Figure 43. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 44. Europe Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 45. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 46. Europe Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 47. Europe Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 48. Europe Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 49. Europe Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 50. Europe Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 51. Europe Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 52. Europe Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 53. Europe Market Attractiveness Analysis by Country, 2023-2033
Figure 54. Europe Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 55. Europe Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 56. Europe Market Attractiveness Analysis By Garage Type, 2023-2033
Figure 57. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 58. East Asia Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 59. East Asia Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 60. East Asia Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 61. East Asia Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 62. East Asia Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 63. East Asia Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 64. East Asia Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 65. East Asia Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 66. East Asia Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 67. East Asia Market Attractiveness Analysis by Country, 2023-2033
Figure 68. East Asia Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 69. East Asia Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 70. East Asia Market Attractiveness Analysis By Garage Type, 2023-2033
Figure 71. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 72. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 73. South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 74. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 75. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 76. South Asia & Oceania Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 77. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 78. South Asia & Oceania Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 79. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 80. South Asia & Oceania Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 81. South Asia & Oceania Market Attractiveness Analysis by Country, 2023-2033
Figure 82. South Asia & Oceania Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 83. South Asia & Oceania Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 84. South Asia & Oceania Market Attractiveness Analysis By Garage Type, 2023-2033
Figure 85. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023-2033
Figure 86. MEA Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 87. MEA Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 88. MEA Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 89. MEA Market Value (US$ million) and Volume (Units) By Equipment Type, 2023 & 2033
Figure 90. MEA Market Y-o-Y Growth Rate By Equipment Type, 2023-2033
Figure 91. MEA Market Value (US$ million) and Volume (Units) By Vehicle Type, 2023 & 2033
Figure 92. MEA Market Y-o-Y Growth Rate By Vehicle Type, 2023-2033
Figure 93. MEA Market Value (US$ million) and Volume (Units) By Garage Type, 2023 & 2033
Figure 94. MEA Market Y-o-Y Growth Rate By Garage Type, 2023-2033
Figure 95. MEA Market Attractiveness Analysis by Country, 2023-2033
Figure 96. MEA Market Attractiveness Analysis By Equipment Type, 2023-2033
Figure 97. MEA Market Attractiveness Analysis By Vehicle Type, 2023-2033
Figure 98. MEA Market Attractiveness Analysis By Garage Type, 2023-2033
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- FAQs -
What will be the valuation of wheel and tire service equipment market in 2033?
The market is likely to reach a valuation of US$ 5,893.9 Million by the end of forecast period.
What will be the valuation of passenger vehicle segment of vehicle type in 2023?
The passenger vehicle segment is likely to reach a valuation of around US$ 2,385.5 Million in 2023.
Which region will dominate the value generation in overall market?
Europe region holds the leading market share of around 20.2% in 2023 by valuing at US$ 1,220.5 million and presumed to increase in same growth curve by the end of 2033.
What is the CAGR of East Asia and Middle East & Africa regions for wheel and tire service equipment market?
East Asia and Middle East & Africa is poised to grow at an impressive CAGR of 4.4% and 3.9% during the forecast period.
Wheel and Tire Service Equipment Market