Automotive Wheel Alignment System Market Size, Share, Growth, And Industry Analysis By Type (Toe- In / Toe-Out Alignment System, Camber Alignment System, Caster Alignment System, Four Wheel Alignment System) By Application (Passenger Car, Commercial Vehicle), Regional Insights, And Forecast From 2024 To 2031

Automotive Wheel Alignment System Market Report Overview

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The global automotive wheel alignment system market size was 365.8 million in 2022 and is expected to reach USD 502.93 million by 2031, at a CAGR of 3.6% during the forecast period.

Wheel alignment equipment is used to align all of the vehicle's wheels during assembly as well as when the wheels become misaligned while being driven. The machine adjusts the wheel angles to the manufacturer's suggested specifications, looks for any indications of bad alignment, and tests the toe, camber, and caster, which are crucial measurements of wheel alignment and orientation. The primary priority of vehicle manufacturers is passenger and vehicle safety; hence regulatory agencies have established a number of standards for passenger safety. Additionally, a vehicle with misaligned wheels can present a number of risks; as a result, vehicle manufacturers constantly advise having the wheels realigned periodically to ensure safety and also to lengthen the life of the tyres. Additionally, the quality of the inspection has improved and the alignment time has decreased thanks to the new technology. Wheel alignment devices can also be found with a variety of characteristics, including portability and wireless communication. Thus, wheel alignment is essential to extending tyre life and ensuring vehicle safety.

Because of the expanding maintenance, repair, and overhaul operations in the automotive industry as well as the advantages of regular wheel alignment of cars, which is driving market expansion, the global market is anticipated to grow at a very rapid rate throughout the projection period. Over the course of the forecast period, growth in the market is anticipated to be driven by the expanding automobile sector and rising disposable income. One of the factors anticipated to fuel the market's expansion is the rise in the number of accidents brought on by poor wheel alignment. The market is comprehensively evaluated in the study on the global automotive wheel alignment machines market.

COVID-19 Impact: COVID-19 pandemic disrupted sully chain hence had a detrimental effect on the market growth

The COVID-19 pandemic has been unprecedented and staggering, with the Automotive Wheel Alignment System market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Due to lockdowns, travel restrictions, and business closures brought on by the COVID-19 pandemic, the automotive wheel alignment service market's global supply chain has been impacted. The need for automotive wheel alignment service has decreased as a result of lockdowns and government restrictions that have affected service, repair, and overhaul operations. The need for wheel alignment machines has decreased since vehicles are no longer being produced. Additionally, because of the lockdown, fewer vehicles are being used, which reduces the requirement for maintenance. Additionally, because of lockdowns and social distance standards, businesses are having trouble finding workers, which has a negative impact on their ability to produce. Although the market for automotive wheel alignment services is growing, the pandemic is having a detrimental influence.

Latest Trends

"Increase in maintenance and repair work will lead to market expansion"

The rate of automotive adoption has substantially accelerated over the world in recent years. Modern cars have sturdy, rigid construction and extremely tough engines. As a result, frequent maintenance can extend a vehicle's lifespan and improve its operational efficiency. Additionally, as they are utilized for long-distance travel, sports utility vehicles (SUVs), multipurpose vehicles (MPVs), crossovers, and pickup trucks need thorough and routine maintenance at regular intervals. All of these elements are anticipated to fuel the market for automotive wheel alignment services to develop.

Automotive Wheel Alignment System Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into toe- in / toe-out alignment system, camber alignment system, caster alignment system, four-wheel alignment system. Toe- In / Toe-Out Alignment System is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into passenger car, commercial vehicle. Passenger car will be the dominating segment.

Driving Factors

"Growing number of automobiles worldwide fuel the market growth"

The growing number of automobiles worldwide is one of the major factors propelling the growth of the global automotive WAS market. The US car life expectancy average will reach 12 years in 2020. Among other things, the superior resilience of contemporary automobiles is blamed for the increase in longevity. Modern cars have a more sturdy build, a long-lasting, very durable engine, and they get regular maintenance. Vehicle longevity is increasing as a result of this. As a result, there is an increase in demand for vehicle repair and maintenance services worldwide. Additionally, the global automotive market is dominated by passenger cars and utility vehicles like pickup trucks, crossovers, and multipurpose vehicles like MPVs and SUVs. For these cars to run efficiently, regular maintenance is required. Additionally, the user uses these vehicles for longer periods of time, which increases the need for preventive maintenance services on critical automobile parts like tyres, suspension, and wheels.

"Higher technical advancement will aid market expansion"

Charged couple devices (CCD) and 3D wheel alignment are two examples of the various technologies utilized in wheel alignment. Light is captured by CCD alignment sensors, which then transform it into digital data that the camera records. While in 3D wheel alignment, measurements are made utilizing two cameras, a camber and inclination pendulum in each sensor head, and an integrated reference system for each wheel. This guarantees accurate readings without demanding extensive calibration. The inexpensive cost of CCD relative to 3D is a major factor in the rise; as a result, CCD is a popular option among repair shops. The market for wheel alignment services for automobiles is anticipated to increase as a result of these factors.

Restraining Factors

"Chinese low-cost automotive wheel alignment systems may limit the market expansion"

The Chinese low-cost automotive wheel alignment systems can provide a threat to international competitors, which is one of the major obstacles to the expansion of the worldwide automotive WAS market. The majority of Asian nations rely on the Chinese market for the supply of automotive parts needed in the sector. Chinese competitors now have a stronger global footprint thanks to this, fiercely competing with other key global car suppliers. Additionally, multinational vendors in the market under consideration encounter difficulties because a Chinese automobile WAS costs around one-fifth of what international vendors charge. A Chinese automobile WAS costs as little as USD 1,800 per unit, while international manufacturers' automotive WASs cost more than USD 10,000. While Chinese competitors' 3D automotive WASs are priced as low as USD 2,250 per unit, those offered by the international vendor Atlas Automotive Equipment start at a starting price of USD 14,000 per unit. During the anticipated period, the aforementioned factors will hurt the market.

Automotive Wheel Alignment System Market Regional Insights

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"North America will be the leading region during forecast period"

In terms of revenue, the North American market dominated the world market for auto wheel alignment services in 2021. The increased need for vehicle repair services and the expanding use of cutting-edge wheel alignment technology are expected to ensure the region's dominance during the predicted timeframe. The US and Canada are the two most significant markets in the region because to the increasing number of vehicles on the road and the rising demand for prompt maintenance services. The need for automobile wheel alignment services in the US is being driven by the growth of the automotive industry and the increasing focus on vehicle efficiency and safety. The country features a big new and used automobile market as well as some of the largest automakers in the globe. As a result, there is a greater requirement for maintenance services like wheel alignment. Additionally, the market is growing as a result of the presence of powerful rivals who offer a variety of services such cutting-edge wheel alignment technologies and 3D alignment.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP AUTOMOTIVE WHEEL ALIGNMENT SYSTEM COMPANIES

• Dover Corporation (U.S.)
• Hunter Engineering (U.S.)
• Tecalemit (Germany)
• Fori Automation (U.S.)
• Quincy Compressors (U.S.)
• Cartek (U.K.)
• Techno Vector Group (China)
• Haweka (U.K.)
• CEMB (Italy)
• Unimeck (India)
• Ats Elgi (India)
• Technomatic (Germany)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.