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

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

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

Wheel balancing—also known as tire balancing—is the process of equalizing the weight of the combined tire and wheel assembly so that it spins smoothly at high speed. Balancing involves putting the wheel/tire assembly on a balancer, which centers the wheel and spins it to determine where the weights should go.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

The Global Info Research report includes an overview of the development of the Wheel Balancing Machine industry chain, the market status of Passenger Car (Automatic, Manual), Motorcycles (Automatic, Manual), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Wheel Balancing Machine.

Regionally, the report analyzes the Wheel Balancing Machine markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Wheel Balancing Machine market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Wheel Balancing Machine market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Wheel Balancing Machine industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Automatic, Manual).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Wheel Balancing Machine market.

Regional Analysis: The report involves examining the Wheel Balancing Machine market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Wheel Balancing Machine market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Wheel Balancing Machine:

Company Analysis: Report covers individual Wheel Balancing Machine manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Wheel Balancing Machine This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Car, Motorcycles).

Technology Analysis: Report covers specific technologies relevant to Wheel Balancing Machine. It assesses the current state, advancements, and potential future developments in Wheel Balancing Machine areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Wheel Balancing Machine market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Wheel Balancing Machine 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.

Market segment by Type
Automatic
Manual
Semi-Automatic

Market segment by Application
Passenger Car
Motorcycles
BUS
Trucks
Others

Major players covered
CEMB SpA
SCHENCK RoTec GmbH
CIMAT Balancing Machines
Shanghai Jianping Dynamic Balancing Machine Manufacturing Co., Ltd
Redback Automotive Equipment
Atlas Auto Equipment
TyreON BV
REMA TIP TOP GmbH
Robert Bosch GmbH
Star Electronics Systems
Precision Testing Machines Pvt. Ltd
Corghi
Ampro Testing Machines
UniAliner Auto Equipments Company
Hofmann Maschinen- und Anlagenbau GmbH
Tecalemit Garage Equipment Company Limited
Dannmar Equipment
SIGNET AUTOMATION ENGINEERS PVT. LTD
BendPak Inc
Snap-on Incorporated
Giuliano Industrial S.p.A.
Shanghai Balance Automotive Equipment CO., Ltd

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 Wheel Balancing Machine product scope, market overview, market estimation caveats and base year.

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

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

Chapter 4, the Wheel Balancing Machine 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 application, with sales market share and growth rate by type, 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 2017 to 2023.and Wheel Balancing Machine market forecast, by regions, type and 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 Wheel Balancing Machine.

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