Global Automotive Wheel Balancing Weight Market Growth 2023-2029

Global Automotive Wheel Balancing Weight Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Automotive Wheel Balancing Weight Industry Forecast” looks at past sales and reviews total world Automotive Wheel Balancing Weight sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Wheel Balancing Weight sales for 2023 through 2029. With Automotive Wheel Balancing Weight sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Wheel Balancing Weight industry.
This Insight Report provides a comprehensive analysis of the global Automotive Wheel Balancing Weight landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Wheel Balancing Weight portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Wheel Balancing Weight market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Wheel Balancing Weight and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Wheel Balancing Weight.
The global Automotive Wheel Balancing Weight market size is projected to grow from US$ 572.3 million in 2022 to US$ 916 million in 2029; it is expected to grow at a CAGR of 916 from 2023 to 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.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Wheel Balancing Weight market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Clip-On Type
Adhesive Type
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Wheel Balancing Weight market?
What factors are driving Automotive Wheel Balancing Weight market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Wheel Balancing Weight market opportunities vary by end market size?
How does Automotive Wheel Balancing Weight break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.