Global Wheel Alignment market is projected is to exhibit 7.3% CAGR during the forecast period 2018 to 2026. Wheel alignment, also known as tracking or breaking, is a standard automobile maintenance technique which adjusts the angles of the wheels in order to set to the car maker’s specification. This is done to reduce tire wear, and ensure that the vehicle travel is straight and there is no pulling to one side. The alignment angles may also be altered to obtain a needed handling characteristic.
Leading Wheel Alignment Market Players:
Hunter Engineering Company
Atlas Auto Equipment
Sunrise Instruments Private Limited
Manatec Electronics Private Limited
Vehicle Service Group
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Wheel Alignment Market Dynamics
The global Wheel Alignment market is driven owing to the rapid vehicle sales across the globe particularly in the APAC region. In addition, the rising demand for wireless and portable wheel alignment machines is also analyzed to drive the market. However, a high setup cost of these machines along with limited availability of skilled labour restricts the wheel alignment market.
Wheel Alignment Market Insight
Asia Pacific dominates the global Wheel Alignments market owing to rising disposable incomes and a huge numbers of vehicles sales every year. North America also holds a prominent share of the overall market owing to a high number of commercial vehicles in the region. Europe, being a dominant automotive manufacturing region also accounts for a key share of the global market.
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Wheel Alignment Market Segmentation
The global Wheel Alignment market is segmented into product type, vehicle type, technology, and region. On the basis of the product type the market is further bifurcated into imaging wheel alignment machine and diagnostic wheel alignment machine. By vehicle type, the market is classified into 2-wheelers, PC, LCV (light commercial vehicle), and HCV (heavy commercial vehicle). On the basis of technology, the global Wheel Alignment market is segmented into CCD wheel alignment technology, and 3D wheel alignment technology. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Wheel Alignment Market Competitive Landscape
The major players associated with the global Wheel Alignment market are Hunter Engineering Company, Eagle Equipment, Atlas Auto Equipment, RAVAmerica, Delta Equipments, Sunrise Instruments Private Limited, Hofmann TeSys, Snap-on Incorporated, Manatec Electronics Private Limited, Fori Automation, and Vehicle Service Group among others.
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