Wheel Balancer Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
25476 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : RI
Wheel balancer is a device which can minimize the centrifugal force and the abnormal wear and tear of vehicle wheels. Wheel dynamic balance refers to the varying degrees centrifugal force in each direction when the wheel rotates. When dynamic balance the state is not good, centrifugal force of one direction is too large or too small, thus affecting the quality of, and it can easily cause a puncture or accidents after the tire mounted to the car. Therefore before the tires leave the factory or when repair and maintenance, wheel dynamic balance test should be carried out. And the testing tool is wheel balancer.
This report analyzed wheel balancer in three major forms which are car, truck and motorcycle wheel balancers.
At present, in developed countries, the wheel balancer industry is generally at a more advanced level. The world's largest enterprises are mainly concentrated in Europe and China. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies\' manufacturing cost is relatively higher, compared with Asia companies.Many big name brands has transfer their production to the original equipment manufacturer in China.Wth the growth of China labor cost,it will be a mainstream trend to transfer to other low labor cost countries in Asia region.
China\'s wheel balancer industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved at currently and China has become the largest production and consumption country of automobile, but most of the production technology is relatively laggard to produce some low-end wheel balancer product. Wheel Balancer is a labor intensive industry.The famous brand in China,like DALIQIBAO, Bright and Taida all produce wheel balancer product for foreign big name brand,like Atlas(US), Ranger(US),ATH(Germany),etc.All other Chinese manufacturers buy the majority of their component parts from dozens of small Chinese factories and assemble these component parts to produce their tire changers and wheel balancers.
The Global Wheel Balancer Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Wheel Balancer Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Below 15 inches or less
15 inches to 24 inches
Above 24 inches In Market segmentation by applications :
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Wheel Balancer Market for the forecast period 2023 - 2030?
• What are the driving forces in the Wheel Balancer Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Wheel Balancer industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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