Wheel Balancing Machines Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2028


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When a tire is attached to a wheel, the overall finished wheel assembly must be balanced. The process ensures that all the imbalances of mass are checked and used weights are balanced. Thus, the need for the wheel balancing machines were increased. Maintaining proper balance of wheel is the critical part for maintaining the life of tire, also proper balancing ensures that the vehicle has a vibration free and smooth ride. Hence, the demand for the wheel balancing machines is continuously rising across the globe.

Global Wheel Balancing Machines Market: Segmentation

Globally, the wheel balancing machines market can be segmented on the basis of product type, operation, sales channel, and application

Based on the product type, the global wheel balancing machines market can be segmented into

  • Static Wheel Balancing Machines Dynamic Wheel Balancing Machines Bubble Wheel Balancing Machines Others

Based on the operation, the global wheel balancing machines market can be segmented into

  • Automatic Semi-Automatic Manual

Based on the sales channel, the global wheel balancing machines market can be segmented into

  • OEM Aftermarket

Based on the application, the global wheel balancing machines market can be segmented into

Motorcycles Passenger Cars Commercial Vehicles

  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Others

Global Wheel Balancing Machines Market: Dynamics                                                   

Increasing demand for the commercial vehicles as well as passenger cars is supporting the production of vehicles. In order to ensure that the weight is evenly distributed throughout each tires and wheels on a vehicle, the wheel needs to be balanced. Thus, in turn escalating the demand for the wheel balancing machines and hence driving the global wheel balancing machines market.

Development of low cost, high quality and technologically advanced machines is one of the key challenge in the global wheel balancing machines market.

Introduction of patented PROtouch technology based wheel balancing machine in the market is one of the key milestone in the digital balancers. For instance, recently, John Bean has introduced the wheel balancing machine for garages and independent tire shops. The aforementioned factors are found to be one of the key trends identified in the global wheel balancing machines market.

Global Wheel Balancing Machines Market: Regional Outlook

Considering regions, the global wheel balancing machines market is anticipated to be dominated by Asia-Pacific region, owing to the increasing demand for passenger cars and two-wheelers across the China and India. Growth in the vehicles demand across the developing countries is largely supported by the growing population and infrastructure. Asia-Pacific in the global wheel balancing machines market is anticipated to be followed by Europe, owing to the growing demand for the machines from automotive industry. Europe is anticipated to be followed by North America over the near future in the global wheel balancing machines market. Latin America and Middle East & Africa are expected to account for small share in the global wheel balancing machines market and are anticipated to grow at moderate rate over the next decade in the global wheel balancing machines market.

Global Wheel Balancing Machines Market: Market Participants

Examples of some of the market participants involved in the global Wheel Balancing Machines market include Hunter Engineering Company, CEMB S.p.A., Hofmann Maschinen- und Anlagenbau GmbH, Tecalemit Garage Equipment Company Limited, Dannmar Equipment, SIGNET AUTOMATION ENGINEERS PVT. LTD., Robert Bosch GmbH, BendPak Inc., Atlas Auto Equipment, Snap-on Incorporated, Giuliano Industrial S.p.A., Shanghai Balance Automotive Equipment CO., Ltd. and others.          

Prominent manufacturers of wheel balancing machines are focusing on introduction of customer specific machines for imbalance compensation.

The global wheel balancing machines market is anticipated to be one of the most fragmented in nature owing to the presence of large number of local as well as regional players in the market.     

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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