Global Wheel Balancer Market Growth 2023-2029

Global Wheel Balancer Market Growth 2023-2029

Wheel balancer is a device which can minimize the centrifugal force and the abnormal wear and tear of vehicle wheels. Wheel dynamic balance refers to the varying degrees centrifugal force in each direction when the wheel rotates. When dynamic balance the state is not good, centrifugal force of one direction is too large or too small, thus affecting the quality of, and it can easily cause a puncture or accidents after the tire mounted to the car. Therefore before the tires leave the factory or when repair and maintenance, wheel dynamic balance test should be carried out. And the testing tool is wheel balancer.

LPI (LP Information)' newest research report, the “Wheel Balancer Industry Forecast” looks at past sales and reviews total world Wheel Balancer sales in 2022, providing a comprehensive analysis by region and market sector of projected Wheel Balancer sales for 2023 through 2029. With Wheel Balancer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wheel Balancer industry.

This Insight Report provides a comprehensive analysis of the global Wheel Balancer 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 Wheel Balancer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wheel Balancer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wheel Balancer 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 Wheel Balancer.

The global Wheel Balancer market size is projected to grow from US$ 769.4 million in 2022 to US$ 946.8 million in 2029; it is expected to grow at a CAGR of 946.8 from 2023 to 2029.

China is the largest market with about 45% market share. Europe is follower, accounting for about 30% market share.

The key players are Corghi, BOSCH, Snap-on, Hunter, Hennessy Industries, MAHA, CEMB, Cormach Srl, Ravaglioli, Giuliano, DALIQIBAO, Bright, Balancer, Sino-Italian Taida, Coseng, Anchor, Kwingtone etc. Top 3 companies occupied about 47% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Wheel Balancer market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 15 inches or less
15 inches to 24 inches
Above 24 inches

Segmentation by application
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others

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.
Corghi
BOSCH
Snap-on
Hunter
Hennessy Industries
MAHA
CEMB
Cormach Srl
Ravaglioli
Giuliano
DALIQIBAO
Bright
Balancer
Sino-Italian Taida
Coseng
Anchor
Kwingtone

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wheel Balancer market?

What factors are driving Wheel Balancer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wheel Balancer market opportunities vary by end market size?

How does Wheel Balancer 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.