Global Automotive Wheel Balancing Weight Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automotive Wheel Balancing Weight Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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.

According to our (Global Info Research) latest study, the global Automotive Wheel Balancing Weight market size was valued at US$ 646 million in 2023 and is forecast to a readjusted size of USD 1001 million by 2030 with a CAGR of 6.5% during review period.

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.

This report is a detailed and comprehensive analysis for global Automotive Wheel Balancing Weight market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Automotive Wheel Balancing Weight market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/K Unit), 2019-2030

Global Automotive Wheel Balancing Weight market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/K Unit), 2019-2030

Global Automotive Wheel Balancing Weight market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/K Unit), 2019-2030

Global Automotive Wheel Balancing Weight market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/K Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Automotive Wheel Balancing Weight

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Automotive Wheel Balancing Weight market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include WEGMANN, TOHO KOGYO, Hennessy, Baolong, Shengshi Weiye, 3M, Trax JH Ltd, Yaqiya, HEBEI XST, Hatco, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Automotive Wheel Balancing Weight market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Clip-On Type
Adhesive Type

Market segment by Application
Passenger Vehicle
Commercial Vehicle

Major players covered
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

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Wheel Balancing Weight product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Wheel Balancing Weight, with price, sales quantity, revenue, and global market share of Automotive Wheel Balancing Weight from 2019 to 2024.

Chapter 3, the Automotive Wheel Balancing Weight competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Wheel Balancing Weight breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Automotive Wheel Balancing Weight market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Wheel Balancing Weight.

Chapter 14 and 15, to describe Automotive Wheel Balancing Weight sales channel, distributors, customers, research findings and conclusion.