Automotive Wheel Alignment Services

Automotive Wheel Alignment Services

Wheel alignment is a piece of equipment that is used to make sure that all of the vehicle's wheels are in the right place during assembly and when a wheel is out of place during operation. In addition, the machine adjusts the wheel's angle in accordance with the recommended specifications provided by the manufacturer. Moreover, the growth of the market is being driven by the need to check the toe, camber, and caster, which are the primary components in the measurement of wheel alignment, guarantee the safety of passengers, and increase in activities related to maintenance and repair.

The Automotive Wheel Alignment Market is expected to grow at a strong CAGR of 4% during the forecast period as owing rise in demand for used vehicles. Moreover, rapid urbanization, the development of roads and infrastructure and rise in demand for vehicles across the globe are the factors driving the growth of the market.

• Based on vehicle type, the market is segmented into passenger vehicle and commercial vehicle. Amongst these, passenger vehicles hold a higher CAGR during the forecast period owing to the rise in the production of passenger vehicles across the globe. Moreover, the demand for luxury or premium passenger vehicles is increasing due to rise in disposable income of people and an increase in the living standards of people across the globe.
• By product type, the market is bifurcated into imaging wheel alignment machine and diagnostic wheel alignment machine. Among these, diagnostic wheel alignment machine captured the significant share of the market in 2021. The factors such as improving vehicle performance and safety, reducing the wear and tear of the wheel, and getting the best performance are driving the growth of the segment.
• By Service Provider, the market is bifurcated into OEM, Franchise, Dealership Authorized, and others. Among these, OEM captured a significant share of the market in 2021 owing to a growing in-house testing facility where all vehicle tests, including wheel alignment, crash test, and NHV, are performed to enhance vehicle performance. As a result, this is likely to accelerate global market expansion.
• For a better understanding of the market adoption of the Industrial Relay industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Korea, and Rest of Asia-Pacific), Rest of World. Asia-pacific dominated the automotive wheel alignment market in 2021. The automotive wheel alignment market share in the region is largely controlled due to fast-paced urbanization, increased disposable income, and dynamic economic progress. Moreover, the major presence of original equipment manufacturers and tier-1 suppliers across the region who have advanced testing facilities for a wheel alignment is anticipated to drive the automotive wheel alignment services. For instance, According to the data released by the Society of Indian Automobile Manufacturers (SIAM), a total of 37,92,356 passenger vehicles were sold in India in 2023.
• Some of the major players operating in the market include BMW AG; 3M.; Bridgestone Corporation; Continental AG; Ford Motor Company.; General Motors; Robert Bosch GmbH; TBC Corporation; Toyota Motor Corporation; Volkswagen AG.