Global Wheel Balancing Weight Market Research Report 2024(Status and Outlook)

Global Wheel Balancing Weight Market Research Report 2024(Status and Outlook)



Report Overview:

Wheel 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.

Tires are balanced in factories and repair shops by two methods: static balancers and dynamic balancers. Static imbalance is caused by a difference of weight over the whole plane of the wheel. Dynamic imbalance means a difference of weight outside the plane of the wheel. In order to reach a perfect balance, both imbalances must be corrected.

Tires with high unbalance forces are downgraded or rejected. When tires are fitted to wheels at the point of sale, they are measured again on a balancing machine, and correction weights are applied to counteract the combined effect of the tire and wheel unbalance. After sale, tires may be rebalanced if driver perceives excessive vibration.

The Global Wheel Balancing Weight Market Size was estimated at USD 689.67 million in 2023 and is projected to reach USD 749.67 million by 2029, exhibiting a CAGR of 1.40% during the forecast period.

This report provides a deep insight into the global Wheel Balancing Weight market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Wheel Balancing Weight Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Wheel Balancing Weight market in any manner.

Global Wheel Balancing Weight Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

WEGMANN

Plombco

TOHO KOGYO

Hennessy

Shengshi Weiye

3M

Trax JH Ltd

Baolong

Jiangyin Yinxinde

HEBEI XST

Yaqiya

Wurth USA

Alpha Autoparts

Holman

Hatco

Bharat Balancing Weightss

HEBEI FANYA

Market Segmentation (by Type)

Clip-On Type

Adhesive Type

Market Segmentation (by Application)

Passenger Vehicle

Commercial Vehicle

Motorcycle

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Wheel Balancing Weight Market
  • Overview of the regional outlook of the Wheel Balancing Weight Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an 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 Wheel Balancing Weight Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Wheel Balancing Weight
1.2 Key Market Segments
1.2.1 Wheel Balancing Weight Segment by Type
1.2.2 Wheel Balancing Weight Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
1.4 Key Data of Global Auto Market
1.4.1 Global Automobile Production by Country
1.4.2 Global Automobile Production by Type
2 Wheel Balancing Weight Market Overview
2.1 Global Market Overview
2.1.1 Global Wheel Balancing Weight Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Wheel Balancing Weight Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Wheel Balancing Weight Market Competitive Landscape
3.1 Global Wheel Balancing Weight Sales by Manufacturers (2019-2024)
3.2 Global Wheel Balancing Weight Revenue Market Share by Manufacturers (2019-2024)
3.3 Wheel Balancing Weight Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Wheel Balancing Weight Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Wheel Balancing Weight Sales Sites, Area Served, Product Type
3.6 Wheel Balancing Weight Market Competitive Situation and Trends
3.6.1 Wheel Balancing Weight Market Concentration Rate
3.6.2 Global 5 and 10 Largest Wheel Balancing Weight Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Wheel Balancing Weight Industry Chain Analysis
4.1 Wheel Balancing Weight Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Wheel Balancing Weight Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Wheel Balancing Weight Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Wheel Balancing Weight Sales Market Share by Type (2019-2024)
6.3 Global Wheel Balancing Weight Market Size Market Share by Type (2019-2024)
6.4 Global Wheel Balancing Weight Price by Type (2019-2024)
7 Wheel Balancing Weight Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Wheel Balancing Weight Market Sales by Application (2019-2024)
7.3 Global Wheel Balancing Weight Market Size (M USD) by Application (2019-2024)
7.4 Global Wheel Balancing Weight Sales Growth Rate by Application (2019-2024)
8 Wheel Balancing Weight Market Segmentation by Region
8.1 Global Wheel Balancing Weight Sales by Region
8.1.1 Global Wheel Balancing Weight Sales by Region
8.1.2 Global Wheel Balancing Weight Sales Market Share by Region
8.2 North America
8.2.1 North America Wheel Balancing Weight Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Wheel Balancing Weight Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Wheel Balancing Weight Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Wheel Balancing Weight Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Wheel Balancing Weight Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 WEGMANN
9.1.1 WEGMANN Wheel Balancing Weight Basic Information
9.1.2 WEGMANN Wheel Balancing Weight Product Overview
9.1.3 WEGMANN Wheel Balancing Weight Product Market Performance
9.1.4 WEGMANN Business Overview
9.1.5 WEGMANN Wheel Balancing Weight SWOT Analysis
9.1.6 WEGMANN Recent Developments
9.2 Plombco
9.2.1 Plombco Wheel Balancing Weight Basic Information
9.2.2 Plombco Wheel Balancing Weight Product Overview
9.2.3 Plombco Wheel Balancing Weight Product Market Performance
9.2.4 Plombco Business Overview
9.2.5 Plombco Wheel Balancing Weight SWOT Analysis
9.2.6 Plombco Recent Developments
9.3 TOHO KOGYO
9.3.1 TOHO KOGYO Wheel Balancing Weight Basic Information
9.3.2 TOHO KOGYO Wheel Balancing Weight Product Overview
9.3.3 TOHO KOGYO Wheel Balancing Weight Product Market Performance
9.3.4 TOHO KOGYO Wheel Balancing Weight SWOT Analysis
9.3.5 TOHO KOGYO Business Overview
9.3.6 TOHO KOGYO Recent Developments
9.4 Hennessy
9.4.1 Hennessy Wheel Balancing Weight Basic Information
9.4.2 Hennessy Wheel Balancing Weight Product Overview
9.4.3 Hennessy Wheel Balancing Weight Product Market Performance
9.4.4 Hennessy Business Overview
9.4.5 Hennessy Recent Developments
9.5 Shengshi Weiye
9.5.1 Shengshi Weiye Wheel Balancing Weight Basic Information
9.5.2 Shengshi Weiye Wheel Balancing Weight Product Overview
9.5.3 Shengshi Weiye Wheel Balancing Weight Product Market Performance
9.5.4 Shengshi Weiye Business Overview
9.5.5 Shengshi Weiye Recent Developments
9.6 3M
9.6.1 3M Wheel Balancing Weight Basic Information
9.6.2 3M Wheel Balancing Weight Product Overview
9.6.3 3M Wheel Balancing Weight Product Market Performance
9.6.4 3M Business Overview
9.6.5 3M Recent Developments
9.7 Trax JH Ltd
9.7.1 Trax JH Ltd Wheel Balancing Weight Basic Information
9.7.2 Trax JH Ltd Wheel Balancing Weight Product Overview
9.7.3 Trax JH Ltd Wheel Balancing Weight Product Market Performance
9.7.4 Trax JH Ltd Business Overview
9.7.5 Trax JH Ltd Recent Developments
9.8 Baolong
9.8.1 Baolong Wheel Balancing Weight Basic Information
9.8.2 Baolong Wheel Balancing Weight Product Overview
9.8.3 Baolong Wheel Balancing Weight Product Market Performance
9.8.4 Baolong Business Overview
9.8.5 Baolong Recent Developments
9.9 Jiangyin Yinxinde
9.9.1 Jiangyin Yinxinde Wheel Balancing Weight Basic Information
9.9.2 Jiangyin Yinxinde Wheel Balancing Weight Product Overview
9.9.3 Jiangyin Yinxinde Wheel Balancing Weight Product Market Performance
9.9.4 Jiangyin Yinxinde Business Overview
9.9.5 Jiangyin Yinxinde Recent Developments
9.10 HEBEI XST
9.10.1 HEBEI XST Wheel Balancing Weight Basic Information
9.10.2 HEBEI XST Wheel Balancing Weight Product Overview
9.10.3 HEBEI XST Wheel Balancing Weight Product Market Performance
9.10.4 HEBEI XST Business Overview
9.10.5 HEBEI XST Recent Developments
9.11 Yaqiya
9.11.1 Yaqiya Wheel Balancing Weight Basic Information
9.11.2 Yaqiya Wheel Balancing Weight Product Overview
9.11.3 Yaqiya Wheel Balancing Weight Product Market Performance
9.11.4 Yaqiya Business Overview
9.11.5 Yaqiya Recent Developments
9.12 Wurth USA
9.12.1 Wurth USA Wheel Balancing Weight Basic Information
9.12.2 Wurth USA Wheel Balancing Weight Product Overview
9.12.3 Wurth USA Wheel Balancing Weight Product Market Performance
9.12.4 Wurth USA Business Overview
9.12.5 Wurth USA Recent Developments
9.13 Alpha Autoparts
9.13.1 Alpha Autoparts Wheel Balancing Weight Basic Information
9.13.2 Alpha Autoparts Wheel Balancing Weight Product Overview
9.13.3 Alpha Autoparts Wheel Balancing Weight Product Market Performance
9.13.4 Alpha Autoparts Business Overview
9.13.5 Alpha Autoparts Recent Developments
9.14 Holman
9.14.1 Holman Wheel Balancing Weight Basic Information
9.14.2 Holman Wheel Balancing Weight Product Overview
9.14.3 Holman Wheel Balancing Weight Product Market Performance
9.14.4 Holman Business Overview
9.14.5 Holman Recent Developments
9.15 Hatco
9.15.1 Hatco Wheel Balancing Weight Basic Information
9.15.2 Hatco Wheel Balancing Weight Product Overview
9.15.3 Hatco Wheel Balancing Weight Product Market Performance
9.15.4 Hatco Business Overview
9.15.5 Hatco Recent Developments
9.16 Bharat Balancing Weightss
9.16.1 Bharat Balancing Weightss Wheel Balancing Weight Basic Information
9.16.2 Bharat Balancing Weightss Wheel Balancing Weight Product Overview
9.16.3 Bharat Balancing Weightss Wheel Balancing Weight Product Market Performance
9.16.4 Bharat Balancing Weightss Business Overview
9.16.5 Bharat Balancing Weightss Recent Developments
9.17 HEBEI FANYA
9.17.1 HEBEI FANYA Wheel Balancing Weight Basic Information
9.17.2 HEBEI FANYA Wheel Balancing Weight Product Overview
9.17.3 HEBEI FANYA Wheel Balancing Weight Product Market Performance
9.17.4 HEBEI FANYA Business Overview
9.17.5 HEBEI FANYA Recent Developments
10 Wheel Balancing Weight Market Forecast by Region
10.1 Global Wheel Balancing Weight Market Size Forecast
10.2 Global Wheel Balancing Weight Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Wheel Balancing Weight Market Size Forecast by Country
10.2.3 Asia Pacific Wheel Balancing Weight Market Size Forecast by Region
10.2.4 South America Wheel Balancing Weight Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Wheel Balancing Weight by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Wheel Balancing Weight Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Wheel Balancing Weight by Type (2025-2030)
11.1.2 Global Wheel Balancing Weight Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Wheel Balancing Weight by Type (2025-2030)
11.2 Global Wheel Balancing Weight Market Forecast by Application (2025-2030)
11.2.1 Global Wheel Balancing Weight Sales (K Units) Forecast by Application
11.2.2 Global Wheel Balancing Weight Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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