Automotive Wheel Balancing Weight Industry Research Report 2023

Automotive Wheel Balancing Weight Industry Research Report 2023


Automotive Wheel Balancing Weight also referred to as tire balance, describes the distribution of mass within an automobile tire or the entire wheel (including the rim) to which it is attached.
When the wheel rotates, asymmetries of mass may cause it to hop or wobble, which can cause ride disturbances, usually vertical and lateral vibrations. It can also result in a wobbling of the steering wheel or of the entire vehicle. Vehicle suspensions can become excited by unbalance forces when the speed of the wheel reaches a point that its rotating frequency equals the suspension’s resonant frequency.

Highlights


The global Automotive Wheel Balancing Weight market is projected to reach US$ million by 2028 from an estimated US$ million in 2022, at a CAGR of % during 2024 and 2029.
In the global companies that produce the automotive wheel balancing weight, the WEGMANN had the maximum market share with about 32% in 2019.
Between the two types of automotive wheel balancing weight, the adhesive type held more market share with around 54% in 2019.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Automotive Wheel Balancing Weight, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Wheel Balancing Weight.
The Automotive Wheel Balancing Weight market size, estimations, and forecasts are provided in terms of output/shipments (M Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automotive Wheel Balancing Weight market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Wheel Balancing Weight manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
WEGMANN
TOHO KOGYO
Hennessy
Baolong
Shengshi Weiye
3M
Trax JH Ltd
Yaqiya
HEBEI XST
Hatco
Wurth USA
Alpha Autoparts
Holman
Bharat Balancing Weightss
HEBEI FANYA

Product Type Insights

Global markets are presented by Automotive Wheel Balancing Weight type, along with growth forecasts through 2029. Estimates on production and value are based on the price in the supply chain at which the Automotive Wheel Balancing Weight are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).
Automotive Wheel Balancing Weight segment by Type
Clip-On Type
Adhesive Type

Application Insights

This report has provided the market size (production and revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
This report also outlines the market trends of each segment and consumer behaviors impacting the Automotive Wheel Balancing Weight market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Automotive Wheel Balancing Weight market.
Automotive Wheel Balancing Weight segment by Application
Passenger Vehicle
Commercial Vehicle

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2018-2029.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast value for 2029.
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Automotive Wheel Balancing Weight market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Automotive Wheel Balancing Weight market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Automotive Wheel Balancing Weight and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Automotive Wheel Balancing Weight industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Automotive Wheel Balancing Weight.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Automotive Wheel Balancing Weight manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Automotive Wheel Balancing Weight by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Automotive Wheel Balancing Weight in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Frequently Asked Questions

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1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Automotive Wheel Balancing Weight by Type
2.2.1 Market Value Comparison by Type (2018 VS 2022 VS 2029) & (US$ Million)
1.2.2 Clip-On Type
1.2.3 Adhesive Type
2.3 Automotive Wheel Balancing Weight by Application
2.3.1 Market Value Comparison by Application (2018 VS 2022 VS 2029) & (US$ Million)
2.3.2 Passenger Vehicle
2.3.3 Commercial Vehicle
2.4 Global Market Growth Prospects
2.4.1 Global Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
2.4.2 Global Automotive Wheel Balancing Weight Production Capacity Estimates and Forecasts (2018-2029)
2.4.3 Global Automotive Wheel Balancing Weight Production Estimates and Forecasts (2018-2029)
2.4.4 Global Automotive Wheel Balancing Weight Market Average Price (2018-2029)
3 Market Competitive Landscape by Manufacturers
3.1 Global Automotive Wheel Balancing Weight Production by Manufacturers (2018-2023)
3.2 Global Automotive Wheel Balancing Weight Production Value by Manufacturers (2018-2023)
3.3 Global Automotive Wheel Balancing Weight Average Price by Manufacturers (2018-2023)
3.4 Global Automotive Wheel Balancing Weight Industry Manufacturers Ranking, 2021 VS 2022 VS 2023
3.5 Global Automotive Wheel Balancing Weight Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Automotive Wheel Balancing Weight Manufacturers, Product Type & Application
3.7 Global Automotive Wheel Balancing Weight Manufacturers, Date of Enter into This Industry
3.8 Global Automotive Wheel Balancing Weight Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 WEGMANN
4.1.1 WEGMANN Automotive Wheel Balancing Weight Company Information
4.1.2 WEGMANN Automotive Wheel Balancing Weight Business Overview
4.1.3 WEGMANN Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.1.4 WEGMANN Product Portfolio
4.1.5 WEGMANN Recent Developments
4.2 TOHO KOGYO
4.2.1 TOHO KOGYO Automotive Wheel Balancing Weight Company Information
4.2.2 TOHO KOGYO Automotive Wheel Balancing Weight Business Overview
4.2.3 TOHO KOGYO Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.2.4 TOHO KOGYO Product Portfolio
4.2.5 TOHO KOGYO Recent Developments
4.3 Hennessy
4.3.1 Hennessy Automotive Wheel Balancing Weight Company Information
4.3.2 Hennessy Automotive Wheel Balancing Weight Business Overview
4.3.3 Hennessy Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.3.4 Hennessy Product Portfolio
4.3.5 Hennessy Recent Developments
4.4 Baolong
4.4.1 Baolong Automotive Wheel Balancing Weight Company Information
4.4.2 Baolong Automotive Wheel Balancing Weight Business Overview
4.4.3 Baolong Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.4.4 Baolong Product Portfolio
4.4.5 Baolong Recent Developments
4.5 Shengshi Weiye
4.5.1 Shengshi Weiye Automotive Wheel Balancing Weight Company Information
4.5.2 Shengshi Weiye Automotive Wheel Balancing Weight Business Overview
4.5.3 Shengshi Weiye Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.5.4 Shengshi Weiye Product Portfolio
4.5.5 Shengshi Weiye Recent Developments
4.6 3M
4.6.1 3M Automotive Wheel Balancing Weight Company Information
4.6.2 3M Automotive Wheel Balancing Weight Business Overview
4.6.3 3M Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.6.4 3M Product Portfolio
4.6.5 3M Recent Developments
4.7 Trax JH Ltd
4.7.1 Trax JH Ltd Automotive Wheel Balancing Weight Company Information
4.7.2 Trax JH Ltd Automotive Wheel Balancing Weight Business Overview
4.7.3 Trax JH Ltd Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.7.4 Trax JH Ltd Product Portfolio
4.7.5 Trax JH Ltd Recent Developments
4.8 Yaqiya
4.8.1 Yaqiya Automotive Wheel Balancing Weight Company Information
4.8.2 Yaqiya Automotive Wheel Balancing Weight Business Overview
4.8.3 Yaqiya Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.8.4 Yaqiya Product Portfolio
4.8.5 Yaqiya Recent Developments
4.9 HEBEI XST
4.9.1 HEBEI XST Automotive Wheel Balancing Weight Company Information
4.9.2 HEBEI XST Automotive Wheel Balancing Weight Business Overview
4.9.3 HEBEI XST Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.9.4 HEBEI XST Product Portfolio
4.9.5 HEBEI XST Recent Developments
4.10 Hatco
4.10.1 Hatco Automotive Wheel Balancing Weight Company Information
4.10.2 Hatco Automotive Wheel Balancing Weight Business Overview
4.10.3 Hatco Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
4.10.4 Hatco Product Portfolio
4.10.5 Hatco Recent Developments
7.11 Wurth USA
7.11.1 Wurth USA Automotive Wheel Balancing Weight Company Information
7.11.2 Wurth USA Automotive Wheel Balancing Weight Business Overview
4.11.3 Wurth USA Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
7.11.4 Wurth USA Product Portfolio
7.11.5 Wurth USA Recent Developments
7.12 Alpha Autoparts
7.12.1 Alpha Autoparts Automotive Wheel Balancing Weight Company Information
7.12.2 Alpha Autoparts Automotive Wheel Balancing Weight Business Overview
7.12.3 Alpha Autoparts Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
7.12.4 Alpha Autoparts Product Portfolio
7.12.5 Alpha Autoparts Recent Developments
7.13 Holman
7.13.1 Holman Automotive Wheel Balancing Weight Company Information
7.13.2 Holman Automotive Wheel Balancing Weight Business Overview
7.13.3 Holman Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
7.13.4 Holman Product Portfolio
7.13.5 Holman Recent Developments
7.14 Bharat Balancing Weightss
7.14.1 Bharat Balancing Weightss Automotive Wheel Balancing Weight Company Information
7.14.2 Bharat Balancing Weightss Automotive Wheel Balancing Weight Business Overview
7.14.3 Bharat Balancing Weightss Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
7.14.4 Bharat Balancing Weightss Product Portfolio
7.14.5 Bharat Balancing Weightss Recent Developments
7.15 HEBEI FANYA
7.15.1 HEBEI FANYA Automotive Wheel Balancing Weight Company Information
7.15.2 HEBEI FANYA Automotive Wheel Balancing Weight Business Overview
7.15.3 HEBEI FANYA Automotive Wheel Balancing Weight Production, Value and Gross Margin (2018-2023)
7.15.4 HEBEI FANYA Product Portfolio
7.15.5 HEBEI FANYA Recent Developments
5 Global Automotive Wheel Balancing Weight Production by Region
5.1 Global Automotive Wheel Balancing Weight Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
5.2 Global Automotive Wheel Balancing Weight Production by Region: 2018-2029
5.2.1 Global Automotive Wheel Balancing Weight Production by Region: 2018-2023
5.2.2 Global Automotive Wheel Balancing Weight Production Forecast by Region (2024-2029)
5.3 Global Automotive Wheel Balancing Weight Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
5.4 Global Automotive Wheel Balancing Weight Production Value by Region: 2018-2029
5.4.1 Global Automotive Wheel Balancing Weight Production Value by Region: 2018-2023
5.4.2 Global Automotive Wheel Balancing Weight Production Value Forecast by Region (2024-2029)
5.5 Global Automotive Wheel Balancing Weight Market Price Analysis by Region (2018-2023)
5.6 Global Automotive Wheel Balancing Weight Production and Value, YOY Growth
5.6.1 North America Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
5.6.2 Europe Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
5.6.3 China Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
5.6.4 Japan Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
5.6.5 South Korea Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
5.6.6 India Automotive Wheel Balancing Weight Production Value Estimates and Forecasts (2018-2029)
6 Global Automotive Wheel Balancing Weight Consumption by Region
6.1 Global Automotive Wheel Balancing Weight Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
6.2 Global Automotive Wheel Balancing Weight Consumption by Region (2018-2029)
6.2.1 Global Automotive Wheel Balancing Weight Consumption by Region: 2018-2029
6.2.2 Global Automotive Wheel Balancing Weight Forecasted Consumption by Region (2024-2029)
6.3 North America
6.3.1 North America Automotive Wheel Balancing Weight Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
6.3.2 North America Automotive Wheel Balancing Weight Consumption by Country (2018-2029)
6.3.3 United States
6.3.4 Canada
6.4 Europe
6.4.1 Europe Automotive Wheel Balancing Weight Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
6.4.2 Europe Automotive Wheel Balancing Weight Consumption by Country (2018-2029)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Automotive Wheel Balancing Weight Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
6.5.2 Asia Pacific Automotive Wheel Balancing Weight Consumption by Country (2018-2029)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Automotive Wheel Balancing Weight Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
6.6.2 Latin America, Middle East & Africa Automotive Wheel Balancing Weight Consumption by Country (2018-2029)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Automotive Wheel Balancing Weight Production by Type (2018-2029)
7.1.1 Global Automotive Wheel Balancing Weight Production by Type (2018-2029) & (M Units)
7.1.2 Global Automotive Wheel Balancing Weight Production Market Share by Type (2018-2029)
7.2 Global Automotive Wheel Balancing Weight Production Value by Type (2018-2029)
7.2.1 Global Automotive Wheel Balancing Weight Production Value by Type (2018-2029) & (US$ Million)
7.2.2 Global Automotive Wheel Balancing Weight Production Value Market Share by Type (2018-2029)
7.3 Global Automotive Wheel Balancing Weight Price by Type (2018-2029)
8 Segment by Application
8.1 Global Automotive Wheel Balancing Weight Production by Application (2018-2029)
8.1.1 Global Automotive Wheel Balancing Weight Production by Application (2018-2029) & (M Units)
8.1.2 Global Automotive Wheel Balancing Weight Production by Application (2018-2029) & (M Units)
8.2 Global Automotive Wheel Balancing Weight Production Value by Application (2018-2029)
8.2.1 Global Automotive Wheel Balancing Weight Production Value by Application (2018-2029) & (US$ Million)
8.2.2 Global Automotive Wheel Balancing Weight Production Value Market Share by Application (2018-2029)
8.3 Global Automotive Wheel Balancing Weight Price by Application (2018-2029)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Automotive Wheel Balancing Weight Value Chain Analysis
9.1.1 Automotive Wheel Balancing Weight Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Automotive Wheel Balancing Weight Production Mode & Process
9.2 Automotive Wheel Balancing Weight Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Automotive Wheel Balancing Weight Distributors
9.2.3 Automotive Wheel Balancing Weight Customers
10 Global Automotive Wheel Balancing Weight Analyzing Market Dynamics
10.1 Automotive Wheel Balancing Weight Industry Trends
10.2 Automotive Wheel Balancing Weight Industry Drivers
10.3 Automotive Wheel Balancing Weight Industry Opportunities and Challenges
10.4 Automotive Wheel Balancing Weight Industry Restraints
11 Report Conclusion
12 Disclaimer

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