31-May-2021 | Facts and Factors
The global 3D wheel aligners market was calculated at USD 98.7 million in 2020, and it is expected to generate revenue of 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."
3D wheel aligners are mechanical systems that regulate the position of a wheel by using an array of the camera with optimal and precise camber and inclination position depending on the type of vehicle for perfect alignment of the wheels. Properly aligned tires can lead to reduced tire wear, provide a better ride quality, better self-centering of the vehicle, improved steering conditions.
High demand for automobiles naturally leads to an increase in the 3D wheel aligner market proportionally. Improper wheels can lead to irreversible damage to the wheel hub and the adjoining components which leads to lesser blue book value of a vehicle. Additionally, technological improvements in the sector make balancing and maintenance of such devices a hassle-free task which further leads to a growth in the market during the forecast.
Top Market Players
The major participants in the global 3D wheel aligners market are Yingkou Hanway Technology Co Ltd., Shenzhen 3Excel Tech Co Ltd., Corghi S.p. A, Hunter Engineering Company, and Yantai Haide Science & Technology, among others.
The global 3D wheel aligners market can be divided into 2-camera, 3-camera, 4-camera, 5-camera, and 6-camera on the basis of product type. The 4D camera 3D wheel aligners are expected to occupy the largest market share during the forecast owing to an optimum price point w.r.t features.
The global 3D wheel aligners market can be segmented into the auto boom, lift version, pit version, and wall mount on the basis of mounting type. In the beginning, a majority of 3D wheel aligners were integrated with the pit version mounting method. However, the segment of the auto boom is expected to witness the highest market growth owing to advancements in technology and added features.
Asia Pacific Is Projected To Emerge As The Highest Growing Market In The Region
Asia-Pacific region is expected to witness the highest market share during the forecast period owing to a huge boom in the automobile sector in the region. Additionally, China is the biggest contributor in the world by a large margin in terms of both production and procurement of automobiles. This gives the region a highly inflatable market space for the 3D wheel aligners to flourish.
Browse the full “3D Wheel Aligners Market By Type (2-Camera, 3-Camera, 4-Camera, 5-Camera, & 6-Camera), By Mounting Type (Auto Boom, Lift Version, Pit Version, & Wall Mount), By Vehicle Type (Road Vehicles & Off-Road Vehicles), By End-User (Garage, Auto Manufacturers, Tire Manufacturers, & Others), and By Regions - Global and Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/3d-wheel-aligners-market
The global 3D wheel aligner market can be segmented as:
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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