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Global Wheel Aligner Equipment Market 2019-2023

Global Wheel Aligner Equipment Market 2019-2023

About Wheel Aligner Equipment

Wheel aligner equipment is the equipment used to align the wheels of vehicles during assembly, repair, and maintenance.

Technavio’s analysts forecast the global wheel aligner equipment market generate a revenue of more than USD 3 billion during the period 2019-2023.

Covered in this report

The report covers the present scenario and the growth prospects of the global wheel aligner equipment market for 2019-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wheel Aligner Equipment Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendor
    s
  • ACTIA Group
  • Corghi
  • Hunter Engineering
  • Manatec Electronics
  • Snap-on
Market driver
  • Increasing number of automobiles
  • For a full, detailed list, view our report
Market challenge
  • High cost of operating wheel aligner equipment
  • For a full, detailed list, view our report
Market trend
  • Increase in tire damage for automobiles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Wheel Aligner Equipment Market 2019-2023

Technavio recognizes the following companies as the key players in the global wheel aligner equipment market: ACTIA Group, Corghi, Hunter Engineering, Manatec Electronics, and Snap-on.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in tire damage for automobiles. Tire damage is one of the major issues faced by vehicle owners. Improper alignment of the wheels is one of the major causes of tire damage. The poor conditions of the roads, especially in developing and underdeveloped countries such as Congo. Paraguay, Ukraine, Nigeria. and India, can lead to tire wear out, which can increase the number of road accidents.”

According to the report, one driver in the market is increasing number of automobiles. The high disposable income of people globally is leading to improved sales of automobiles on a yearly basis. The growth of the global wheel aligner equipment market is closely related to the number of automobiles getting sold as these vehicles will be in need of wheel alignment frequently. The passenger vehicle segment contributes significantly to the global automobile market.

Further, the report states that one challenge in the market is high cost of operating wheel aligner equipment. The wheel alignment is one of the major maintenance jobs that directly affect the tire quality and the lifespan of tires. The costs associated with the manufacturing of wheel aligner equipment has increased due to the rising use and incorporation of various technologies in wheel alignment such as advanced imaging technologies.

Companies Mentioned

ACTIA Group

Corghi

Hunter Engineering

Manatec Electronics

Snap-on

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global automotive garage equipment market
      • Table Segments of global automotive garage equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by technology
    • Table Technology - Market share 2018-2023 (%)
    • Comparison by technology
      • Table Comparison by technology
    • CCD aligner - Market size and forecast 2018-2023
      • Table CCD aligner - Market size and forecast 2018-2023 ($ millions)
      • Table CCD aligner - Year-over-year growth 2019-2023 (%)
    • 3D aligner - Market size and forecast 2018-2023
      • Table 3D aligner - Market size and forecast 2018-2023 ($ millions)
      • Table 3D aligner - Year-over-year growth 2019-2023 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Market segmentation by vehicle type
    • Segmentation by vehicle type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Continuous development of new products
    • Growing popularity of touchless wheel alignment system
    • Rise in the adoption of advanced imaging technologies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ACTIA Group
      • Table ACTIA Group - Overview
      • Table ACTIA Group – Business segments
      • Table ACTIA Group – Segment focus
      • Table ACTIA Group – Key offerings
    • Corghi
      • Table Corghi - Overview
      • Table Corghi – Business segments
      • Table Corghi – Key offerings
    • Hunter Engineering
      • Table Hunter Engineering - Overview
      • Table Hunter Engineering – Business segments
      • Table Hunter Engineering – Organizational developments
      • Table Hunter Engineering – Key offerings
    • Manatec Electronics
      • Table Manatec Electronics - Overview
      • Table Manatec Electronics – Business segments
      • Table Manatec Electronics – Organizational developments
      • Table Manatec Electronics – Key offerings
    • Snap-on
      • Table Snap-on - Overview
      • Table Snap-on – Business segments
      • Table Snap-on – Organizational developments
      • Table Snap-on – Geographic focus
      • Table Snap-on – Segment focus
      • Table Snap-on – Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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