Automotive Wheel Alignment System Market by Type and Geography - Global Forecast and Analysis 2019-2023
Global Automotive Wheel Alignment System Market: About this market
Technavio’s automotive wheel alignment system market analysis considers sales from CCD wheel alignment system,3D wheel alignment system, and DIY wheel alignment system. Our analysis also considers the sales of automotive wheel alignment system in APAC, Europe, North America, South America, and MEA. In 2018, the CCD wheel alignment system segment had a significant market share. However, 3D wheel alignment system will account for the highest global automotive wheel alignment system market share over the forecast period. Factors such as extensive use by professional automotive repair shops across the world because of their accuracy and efficiency will play a significant role in the 3D alignment system segment to improve its market position in 2023. Also, our global automotive wheel alignment system market report looks at factors such as increased number of vehicles globally, improving automotive aftermarket distribution channel and supply chain network, and stringent regulations to control emissions and maximize fuel efficiency. However, uncertainties in the Chinese low-cost automotive WAS can be a threat to global players, a growing shortage of skilled automotive technicians may hamper the growth of the automotive wheel alignment industry over the forecast period.
Global Automotive Wheel Alignment System Market: Overview
An increasing number of vehicles globally
Modern vehicles have rigid construction, long-lasting, and durable engines that increase their lifespan. Due to the increase in the number of vehicle across the globe, there is a growing demand for automotive repair and maintenance services. Vehicles require preventive maintenance services for components such as tires, suspensions, and wheels. This is driving the expansion of the global automotive wheel alignment system market at a CAGR of almost 5% during the forecast period.
The growing popularity of wireless automotive WAS
The demand for faster and efficient automotive WASs is increasing among the customers, owing to its flexible installations. The wireless automotive WAS enables faster and accurate wheel alignment for all four wheels. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global automotive wheel alignment system market during the forecast period 2019-2023, click here.
With the presence of several major players, the global automotive wheel alignment system market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive wheel alignment system manufacturers, that include CEMB Spa, Dover Corp. Hunter Engineering Co. Robert Bosch GmbH, Snap-on Inc.
Also, the automotive wheel alignment system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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