Tire Changers Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185747

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185747

Tire Changers Market

Growth Factors of Tire Changers Market

The tire changers market size was valued at USD 583.3 million in 2023, and the market is now projected to grow from USD 610.2 million in 2024 to USD 928.2 million by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2023-2030.

The COVID-19 pandemic interrupted global supply chains due to interruptions in manufacturing and allocating tire changers. The pandemic caused in dropped demand due to a disturbed supply chain, drop in sales of products, delivery lists. Factory terminations, transportation limitations, and lacks of raw materials delayed the manufacturing process, affecting the product accessibility in the market.

As the number of automobiles on the road upsurges, tire upkeep, repair, and spare services will upsurge. This feature will motivate the demand for tire changing machines in automotive repair shops, tire retail stores, and upkeep services. The rate of vehicle ownership in a specified region is directly related to the demand for tire changing machines.

The tire changers market endures to witness innovations driven by developments in technology. This comprises the incorporation of digital interfaces, automated systems, and IoT competences into tire changing kit. These technological advancements aim to develop effectiveness, exactness, and user experience while allowing remote monitoring and diagnostics. This growth will motivate the tire changers market growth during the estimate period.

Comprehensive Analysis of Tire Changers Market

The market can be segmented in various ways, depending on the focus of analysis such as by vehicle type, by wheel diameter size. Based on vehicle type, the market is classified into passenger cars, LCVs, and HCVs. Based on the wheel diameter size, the market is divided into up to 30"", 30''-50"", and above 50"".

Asia pacific region is dominating the tire changers market share due to high automotive sales and growing number of on-road vehicles. The existence of a robust auto sector in developing countries will also support the market expansion in the region.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Bosch (Germany), Twinbusch (Germany), Hofmann Industries (U.S.), Snap ON (U.S.), Hunter Engineering Company Information (U.S.), BendPak Inc (U.S.), J. P. Hennessy Drive LaVergne (U.S.), Ravaglioli (Italy), NEXION S.p.A. (Italy), Giuliano (Italy), Coseng Automotive Equipment Zhuhai Ltd. (China), Shanghai Balance Automotive Equipment Co., Ltd (China), FASEP 2000 SRL (Italy), SICAM srl soc. unip. (Italy), Corwei (Yingkou) Industrial Co. (China), Eagle Equipment Corporation (U.S.), Beissbarth Automotive Testing Solutions GmbH (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In November 2022, Hunter Engineering revealed the Maverick, its newest premium center-clamp tire changer with “Revolutionary” DNA. The new model debuted at Hunter’s booth on the first day of the SEMA 2022 in Las Vegas.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.4% from 2024 to 2032

Unit Value (USD Million)

Segmentation

By Vehicle Type

- Passenger Car

- LCV

- HCV

By Wheel Diameter Size

- Up to 30''

- 30''-50''

- Above 50''

By Region

- North America (By Vehicle Type and By Wheel Diameter Size)

- U.S. (By Vehicle Type)

- Canada (By Vehicle Type)

- Mexico (By Vehicle Type)

- Europe (By Vehicle Type and By Wheel Diameter Size)

- Germany (By Vehicle Type)

- U.K. (By Vehicle Type)

- France (By Vehicle Type)

- Rest of Europe (By Vehicle Type)

- Asia Pacific (By Vehicle Type and By Wheel Diameter Size)

- China (By Vehicle Type)

- Japan (By Vehicle Type)

- India (By Vehicle Type)

- Rest of Asia Pacific (By Vehicle Type)

- Rest of the World (By Vehicle Type and By Wheel Diameter Size

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships; 4.2. Porters Five Forces Analysis; 4.3. Technological Development; 4.4. Impact of Covid-19
5. Global Tire Changers Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Definitions; 5.2. Market Analysis, Insights and Forecast – By Vehicle Type; 5.2.1. Passenger Car; 5.2.2. LCV; 5.2.3. HCV; 5.3. Market Analysis, Insights and Forecast – By Wheel Diameter Size; 5.3.1. Upto 30 ''; 5.3.2. 30''-50''; 5.3.3. Above 50''; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia pacific; 5.4.4. Rest of the world
6. North America Tire Changers Market Analysis, Insights and Forecast, 2019-2032: 6.1. Market Analysis, Insights and Forecast – By Vehicle Type; 6.1.1. Passenger Car; 6.1.2. LCV; 6.1.3. HCV; 6.2. Market Analysis, Insights and Forecast – By Wheel Diameter Size; 6.2.1. Upto 30 ''; 6.2.2. 30''-50''; 6.2.3. Above 50''; 6.3. Market Analysis, Insights Market Analysis – By Country; 6.3.1. The U.S.; 6.3.1.1. By Vehicle Type; 6.3.2. Canada; 6.3.2.1. By Vehicle Type; 6.3.3. Mexico; 6.3.3.1. By Vehicle Type
7. Europe Tire Changers Market Analysis, Insights and Forecast, 2019-2032: 7.1. Market Analysis, Insights and Forecast – By Vehicle Type; 7.1.1. Passenger Car; 7.1.2. LCV; 7.1.3. HCV; 7.2. Market Analysis, Insights and Forecast – By Wheel Diameter Size; 7.2.1. Upto 30 ''; 7.2.2. 30''-50''; 7.2.3. Above 50''; 7.3. Market Analysis, Insights Market Analysis – By Country; 7.3.1. The U.K; 7.3.1.1. Vehicle Type; 7.3.2. Germany; 7.3.2.1. Vehicle Type; 7.3.3. France; 7.3.3.1. Vehicle Type; 7.3.4. Rest of Europe; 7.3.4.1. Vehicle Type
8. Asia Pacific Tire Changers Market Analysis, Insights and Forecast, 2019-2032: 8.1. Market Analysis, Insights and Forecast – By Vehicle Type; 8.1.1. Passenger Car; 8.1.2. LCV; 8.1.3. HCV; 8.2. Market Analysis, Insights and Forecast – By Wheel Diameter Size; 8.2.1. Upto 30 ''; 8.2.2. 30''-50''; 8.2.3. Above 50''; 8.3. Market Analysis, Insights Market Analysis – By Country; 8.3.1. China; 8.3.1.1. Vehicle Type; 8.3.2. India; 8.3.2.1. Vehicle Type; 8.3.3. Japan; 8.3.3.1. Vehicle Type; 8.3.4. Rest of Asia Pacific; 8.3.4.1. Vehicle Type
9. Rest of the World Tire Changers Market Analysis, Insights and Forecast, 2019-2032: 9.1. Market Analysis, Insights and Forecast – By Vehicle Type; 9.1.1. Passenger Car; 9.1.2. LCV; 9.1.3. HCV; 9.2. Market Analysis, Insights and Forecast – By Wheel Diameter Size; 9.2.1. Upto 30 ''; 9.2.2. 30''-50''; 9.2.3. Above 50''
10. Market Analysis, Insights Competitive Analysis: 10.1. Key Industry Development; 10.2. Global Market Ranking Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. Bosch (Germany); 10.5.1.1. Overview; 10.5.1.2. Products & Services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. Twinbusch (Germany); 10.5.2.1. Overview; 10.5.2.2. Products & Services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. Hofmann Industries (U.S.); 10.5.3.1. Overview; 10.5.3.2. Products & Services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. Snap ON (U.S.); 10.5.4.1. Overview; 10.5.4.2. Products & Services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. Hunter Engineering Company Information (U.S.); 10.5.5.1. Overview; 10.5.5.2. Products & Services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. BendPak Inc (U.S.); 10.5.6.1. Overview; 10.5.6.2. Products & Services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. J. P. Hennessy Drive LaVergne (U.S.); 10.5.7.1. Overview; 10.5.7.2. Products & Services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. Ravaglioli (Italy); 10.5.8.1. Overview; 10.5.8.2. Products & Services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. NEXION S.p.A. (Italy); 10.5.9.1. Overview; 10.5.9.2. Products & Services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability); 10.5.10. Giuliano (Italy); 10.5.10.1. Overview; 10.5.10.2. Products & Services; 10.5.10.3. SWOT Analysis; 10.5.10.4. Recent Developments; 10.5.10.5. Strategies; 10.5.10.6. Financials (Based on Availability); 10.5.11. Coseng Automotive Equipment Zhuhai Ltd. (China); 10.5.11.1. Overview; 10.5.11.2. Products & Services; 10.5.11.3. SWOT Analysis; 10.5.11.4. Recent Developments; 10.5.11.5. Strategies; 10.5.11.6. Financials (Based on Availability); 10.5.12. Shanghai Balance Automotive Equipment Co., Ltd (China); 10.5.12.1. Overview; 10.5.12.2. Products & Services; 10.5.12.3. SWOT Analysis; 10.5.12.4. Recent Developments; 10.5.12.5. Strategies; 10.5.12.6. Financials (Based on Availability); 10.5.13. FASEP 2000 SRL (Italy); 10.5.13.1. Overview; 10.5.13.2. Products & Services; 10.5.13.3. SWOT Analysis; 10.5.13.4. Recent Developments; 10.5.13.5. Strategies; 10.5.13.6. Financials (Based on Availability); 10.5.14. SICAM srl soc. unip. (Italy); 10.5.14.1. Overview; 10.5.14.2. Products & Services; 10.5.14.3. SWOT Analysis; 10.5.14.4. Recent Developments; 10.5.14.5. Strategies; 10.5.14.6. Financials (Based on Availability); 10.5.15. Corwei (Yingkou) Industrial Co. (China); 10.5.15.1. Overview; 10.5.15.2. Products & Services; 10.5.15.3. SWOT Analysis; 10.5.15.4. Recent Developments; 10.5.15.5. Strategies; 10.5.15.6. Financials (Based on Availability); 10.5.16. Eagle Equipment Corporation (U.S.); 10.5.16.1. Overview; 10.5.16.2. Products & Services; 10.5.16.3. SWOT Analysis; 10.5.16.4. Recent Developments; 10.5.16.5. Strategies; 10.5.16.6. Financials (Based on Availability); 10.5.17. Beissbarth Automotive Testing Solutions GmbH (Germany); 10.5.17.1. Overview; 10.5.17.2. Products & Services; 10.5.17.3. SWOT Analysis; 10.5.17.4. Recent Developments; 10.5.17.5. Strategies; 10.5.17.6. Financials (Based on Availability)