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Wheel Aligner Equipment Market is set to grow with a CAGR of 5.58% during the forecast period 2018 to 2026

According to a new market research report published by Acute Market Reports “Wheel Aligner Equipment Market – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the wheel aligner equipment market registered market value of US$ 627.0 Mn in 2017 and estimated to grow with a CAGR of 5.8% during the forecast period from 2018 to 2026.

Market Insights

The total number of passenger car sales in 2018 crosses the figure of 80 Mn units and is still counting. The aforementioned number indicates the momentous growth of the automotive industry which in proportion driving the adjacent industries such as after-sales and services. Wheel alignment service is one of the several other automotive services witnessing a rapid proliferation along with the automotive industry. Wheel alignment is an important process to keep a check on vital wheel parameters including castor, camber, toe-in, toe-out, and king pin inclinations. The parameters help in achieving better stability and extend automotive tires’ life and therefore, every consumer conduct routine wheel alignment. Owing to the factor, the demand for wheel aligner equipment experiencing consistent growth and expected to grow beyond US$ 1 Bn mark by 2026.

Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/wheel-aligner-equipment-market

Growing disposable income and ease in buying an automotive are few of the major factors that lifted the Asia Pacific as the leader in the overall wheel aligner equipment market. The Asia Pacific is closely followed by North America and Europe. Several nations in North America and Europe are shifting towards cleaner electric automobiles replacing conventional IC engines. However, the change has no impact on the wheel aligner equipment market in the regions and hence expected to register consistent growth throughout the forecast period from 2018 to 2026.

Competitive Insights:

The research analysis covers an exhaustive analysis of leading wheel aligner equipment manufacturers including Atlas Auto Equipment, Delta Equipments, Eagle Equipment, Fori Automation, Hofmann TeSys, Hunter Engineering Company, Manatec Electronics Private Limited, RAVAmerica, Sunrise Instruments Private Limited, Snap-on Incorporated, and Vehicle Service Group. Overall wheel aligner equipment market is quite fragmented and characterized by a number of multinational as well as local players. These players face each other in s breath taking competition in order to claim their market share. International players are trying to expand their geographical presence. Besides, other crucial strategies adopted by the aforementioned players are discussed in detail in publish reports.

Key Analysis Covered:

The continuously rising number of on-road automobiles and their effect on the demand for wheel aligner equipment market
Major wheel aligning technology advancement and their growth complementing the growth of wheel aligner equipment market
Significance of wheel aligner equipment for different vehicle types and their market value
Growing demand for electric vehicles and the automotive sector stimulating the need for wheel aligner equipment
Importance of the role of Asia Pacific, Middle East & Africa, and Latin America in overall wheel aligner equipment market

List of Companies Covered: