NEW YORK, Sept. 6, 2022 /PRNewswire/ — The “Automotive Wheel Alignment System Market – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The automotive wheel alignment system market share is expected to increase to USD 542.57 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.17%. Technavio categorizes the global automotive WAS market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive wheel alignment system market during the forecast period. To know more about the parent market analysis – Click Now!
Automotive Wheel Alignment System Market – Vendor Landscape
- The global automotive wheel alignment system market is moderately fragmented, with the presence of numerous international and regional vendors. However, major vendors, such as Bosch, have a strong presence globally. Prominent vendors focus on developing efficient automotive wheel alignment systems for customers. Tier-2 and tier-3 suppliers provide various components, including sensors, cameras, and raw materials, such as metals.
- Robert Bosch GmbH, Elgi Equipments Ltd., Dover Corp., Hunter Engineering Co., and Snap-on Inc., are the prominent vendors operating in the market.
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Automotive Wheel Alignment System Market – Key Market Dynamics
- Market Driver – The key factor driving the global automotive WAS market growth is the increasing number of vehicles globally. In 2020, the average life expectancy of vehicles in the US crossed 12 years. The reason for the rising lifespan is attributed to the high durability of modern vehicles, among other factors. Modern vehicles have more rigid construction and a long-lasting and highly durable engine and undergo maintenance at regular intervals.
- Market Challenges – The development of ADAS-ready WAS is one of the key automotive WAS market trends that is expected to impact the industry positively in the forecast period. In addition to wheel alignment testing and diagnostics, automotive repair shops conduct numerous calibrations, including advanced driver assistance system (ADAS) calibration.
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Automotive Wheel Alignment System Market – Segmentation Analysis
The automotive wheel alignment system market report is segmented by Type (CCD WAS, 3D WAS, and DIY WAS) and Geography (APAC, Europe, North America, South America, and the Middle East and Africa).
- Regional Highlights – 37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive wheel alignment systems in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, and the MEA.
- Revenue Generating Segment – The automotive wheel alignment system market share growth by the CCD WAS segment will be significant during the forecast period. A charged coupled device (CCD) WAS uses CCD sensors adopted in the cameras to capture vehicles’ wheel positions.
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The competitive scenario provided in the Automotive Wheel Alignment System Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Automotive Wheel Alignment System Market Forecast Report – Buy Now!
Related Reports:
- The wheel aligner equipment market share is expected to increase by USD 795.88 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.03%.
- The automotive crash impact simulator market share is expected to increase by USD 558.26 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.79%.
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Automotive Wheel Alignment System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.17% |
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Market growth 2022-2026 |
USD 542.57 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.61 |
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Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Alignment Simple Solutions LLC, Ampro Testing Machines, Atlas Automotive Equipment, CEMB Spa, Dover Corp., Elgi Equipments Ltd., Fori Automation Inc., HAWEKA AG, Hunter Engineering Co., Manatec Electronics Pvt. Ltd., Nussbaum Automotive Solutions LP, Robert Bosch GmbH, Snap On Inc., Sunrise Instruments Pvt. Ltd., Tecalemit Garage Equipment Co. Ltd., Techfanatics Equipment Ltd., Technomatic Automotive Components Pvt. Ltd., TechnoVector Group, The Cartek Group, and Yantai Autenf Automobile Services Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio “Consumer Discretionary Market” Research Reports
Key Topics Covered:
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 CCD WAS – Market size and forecast 2021-2026
- Exhibit 28: Chart on CCD WAS – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on CCD WAS – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on CCD WAS – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on CCD WAS – Year-over-year growth 2021-2026 (%)
- 5.4 3D WAS – Market size and forecast 2021-2026
- Exhibit 32: Chart on 3D WAS – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on 3D WAS – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on 3D WAS – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on 3D WAS – Year-over-year growth 2021-2026 (%)
- 5.5 DIY WAS – Market size and forecast 2021-2026
- Exhibit 36: Chart on DIY WAS – Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on DIY WAS – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on DIY WAS – Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on DIY WAS – Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC – Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 North America – Market size and forecast 2021-2026
- Exhibit 54: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 China – Market size and forecast 2021-2026
- Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.9 US – Market size and forecast 2021-2026
- Exhibit 70: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.10 Germany – Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.11 France – Market size and forecast 2021-2026
- Exhibit 78: Chart on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on France – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France – Year-over-year growth 2021-2026 (%)
- 7.12 Japan – Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 CEMB Spa
- Exhibit 93: CEMB Spa – Overview
- Exhibit 94: CEMB Spa – Product / Service
- Exhibit 95: CEMB Spa – Key offerings
- 10.4 Dover Corp.
- Exhibit 96: Dover Corp. – Overview
- Exhibit 97: Dover Corp. – Business segments
- Exhibit 98: Dover Corp. – Key news
- Exhibit 99: Dover Corp. – Key offerings
- Exhibit 100: Dover Corp. – Segment focus
- 10.5 Elgi Equipments Ltd.
- Exhibit 101: Elgi Equipments Ltd. – Overview
- Exhibit 102: Elgi Equipments Ltd. – Business segments
- Exhibit 103: Elgi Equipments Ltd. – Key offerings
- Exhibit 104: Elgi Equipments Ltd. – Segment focus
- 10.6 Fori Automation Inc.
- Exhibit 105: Fori Automation Inc. – Overview
- Exhibit 106: Fori Automation Inc. – Product / Service
- Exhibit 107: Fori Automation Inc. – Key offerings
- 10.7 HAWEKA AG
- Exhibit 108: HAWEKA AG – Overview
- Exhibit 109: HAWEKA AG – Product / Service
- Exhibit 110: HAWEKA AG – Key offerings
- 10.8 Hunter Engineering Co.
- Exhibit 111: Hunter Engineering Co. – Overview
- Exhibit 112: Hunter Engineering Co. – Product / Service
- Exhibit 113: Hunter Engineering Co. – Key offerings
- 10.9 Manatec Electronics Pvt. Ltd.
- Exhibit 114: Manatec Electronics Pvt. Ltd. – Overview
- Exhibit 115: Manatec Electronics Pvt. Ltd. – Product / Service
- Exhibit 116: Manatec Electronics Pvt. Ltd. – Key offerings
- 10.10 Robert Bosch GmbH
- Exhibit 117: Robert Bosch GmbH – Overview
- Exhibit 118: Robert Bosch GmbH – Business segments
- Exhibit 119: Robert Bosch GmbH – Key news
- Exhibit 120: Robert Bosch GmbH – Key offerings
- Exhibit 121: Robert Bosch GmbH – Segment focus
- 10.11 Snap On Inc.
- Exhibit 122: Snap On Inc. – Overview
- Exhibit 123: Snap On Inc. – Business segments
- Exhibit 124: Snap On Inc. – Key news
- Exhibit 125: Snap On Inc. – Key offerings
- Exhibit 126: Snap On Inc. – Segment focus
- 10.12 Technomatic Automotive Components Pvt. Ltd.
- Exhibit 127: Technomatic Automotive Components Pvt. Ltd. – Overview
- Exhibit 128: Technomatic Automotive Components Pvt. Ltd. – Product / Service
- Exhibit 129: Technomatic Automotive Components Pvt. Ltd. – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 11.5 List of abbreviations
- Exhibit 136: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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