[187+ Pages Report] The global 3D wheel aligners market was calculated at USD 98.7 Million in 2020, and it is expected to generate revenue around USD 127.1 Million by the end of 2026, growing at a CAGR of around 4.3% between 2021 and 2026, according to a report published by Facts and Factors titled "3D Wheel Aligners Market."
Global 3D Wheel Aligners Market: Overview
3D wheel alignment refers to a mechanical device that performs and regulates the most minute wheel alignment on a wide range of vehicles. In essence, the following operation is performed using a set of cameras for each wheel alongside computed reference systems with the variety of camber and inclination pendulums provided in each sensor's head. Perfect wheel alignment is required for the smooth functioning of any vehicle. Improper alignment can cause harmful effects on the suspension system as well and cause irreversible damage and further damage and pre-pone the cycle life of a tire.
Global 3D Wheel Aligners Market: Growth Factors
High demand for privately-owned vehicles across the globe will propel the growth of the 3D wheel aligner over the forecast period. The properly aligned wheel can extend the life-cycle of the wheel and other adjoining components by a large part. Additionally, with the growth of the tire market on the horizon, better maintenance needs and raise awareness about automobile and tire safety will further propel the growth of the 3D wheel aligners market during the forecast period. Furthermore, a properly aligned wheel can prevent tire wear, provide better steering ability, provide a comfortable ride, and enhance the self-centering of the vehicle. These factors further provide new opportunities for the 3D wheel aligner market to grow. However, expensive initial materials and complex operational cycles required for manufacturing and maintaining 3D wheel aligners can hamper the growth of the market to a certain extent.
Global 3D Wheel Aligners Market: Segmentation
The global 3D wheel aligner market can be segmented on the basis of product type, mounting type, end-user, vehicle type, and region.
On the basis of product type, the 3D wheel aligner market can be divided into 2-camera, 3-camera, 4-camera, 5-camera, and 6-camera. The 4-camera 3D wheel aligner will occupy the highest market growth during the forecast. On the basis of mounting type, the 3D wheel aligner market can be divided into the auto boom, lift version, pit version, and wall mount. A majority of 3D wheel aligners are equipped with pit version mounting; however, the segment of the auto boom will witness the highest growth CAGR during the forecast period. On the basis of end-user, the 3D wheel aligner market can be segmented on the basis of the garage, auto manufacturers, tire manufacturers, and others. The garage and auto manufacturing segments will account for the largest market share during the forecast period due to the higher efficiency of protecting tires from rapid wear and tear. On the basis of vehicle type, the 3D wheel aligner market can be divided into the road and off-road vehicles. The off-road vehicles will occupy the largest market share during the forecast period owing to the toughened use case scenario of the latter which leads to constant tuning and maintenance.
Global 3D Wheel Aligners Market: Regional Analysis
The region of Asia-Pacific is expected to recoup the largest market share during the forecast period with China being touted as the world’s largest contributor to the 3D wheel aligner market. China is the world’s largest automobile consumer and producer which makes the region a highly viable region for the market. Germany will occupy the region of Europe which is expected to grow at a steady rate during the forecast period. The increase in the manufacturing hubs and increased requirement of widened application for the sector will drive the market of 3D wheel aligners during the forecast.
Global 3D Wheel Aligners Market: Competitive Players
The major participants in the 3D wheel aligner market are Actia Muller, Beissbarth GmbH, Snap-On Incorporated, Launch Tech Co. Ltd, Panther Electronic Machinery Equipment, Yingkou Hanway Technology Co Ltd., Shenzhen 3Excel Tech Co Ltd., Corghi S.p. A, Hunter Engineering Company, and Yantai Haide Science & Technology, among others.
Global 3D Wheel Aligners Market: By Type Segment Analysis
Global 3D Wheel Aligners Market: By Mounting Type Segment Analysis
Global 3D Wheel Aligners Market: By End-User Segment Analysis
Global 3D Wheel Aligners Market: By Vehicle Type Segment Analysis
Global 3D Wheel Aligners Market: By Regional Segment Analysis
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