Auto Manufacturers under Application Type Contributes 37.6% of Market Share In Global Sales Of CCD Wheel Aligners

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Long suspension life, decreased wear and tear, and lower maintenance costs are the major considerations for the vehicle's owner. The vehicle's maintenance plan has been changed, with wheel alignment being one of the essential chores. The use of modern wheel alignment equipment has increased as people become more aware of the need of correct vehicle alignment and the negative consequences of faulty alignment.

Vehicle manufactures recommend that vehicle owners schedule wheel alignment checks twice a year, depending on the frequency of driving. Due to the high workload, maintaining wheel alignment nearly three times a year becomes critical for large trucks. CCD wheel aligners, for example, perform alignment procedures with more accuracy and in less time.

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CCD wheel aligners provide a thorough 360-degree evaluation of conventional undercarriage and alignment values. Furthermore, they are appropriate for every vehicle type, from passenger cars to big equipment. According to Fact.MR, global CCD wheel aligner output is estimated to exceed 774 thousand units by the conclusion of the assessment year. CCD wheel aligner manufacturing is predicted to expand at a 4.2 % between 2017 and 2026.

Report Attributes

Details

Base Year Value (2021A)

USD 3.4 Billion

Estimated Year Value (2022E)

USD 3.6 Billion

Projected Year Value (2032F)

USD 5.7 Billion

Global Growth Rate (2022-2032)

CAGR 4.7%

Europe Market Share in 2021

~23.4%

Europe Growth Rate (2022-2032)

CAGR 5.1%

Collective Value Share (US, Germany, China) 2022: Top 3 Countries

~35%

Top 5 Companies Market Share in 2021

~18%

Key Companies Profiled

  • Stanley
  • Milwaukee Hand Trucks
  • Dewalt
  • Apex Tool Group
  • Blackhawk Industries
  • Cooper Tools
  • Masko Tech Engineers
  • Actia Group
  • Shenzhen 3Excel Tech Co. Ltd.
  • Bosch Automotive Service Solutions Inc.
  • Snap-On Incorporated
  • Beissbarth GmbH
  • Ravaglioli S.p.A
  • Teco srl
  • Guangdong Roadbuck Co. Ltd/
  • BUTLER Engineering and Marketing S.p.A

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Europe will continue to be a dominant region due to the widespread use of 6-Camera CCD Wheel Aligners.

Since a few years, CCD wheel aligners have acquired some interest. In comparison to other locations, penetration of CCD wheel alignment technology has been significant in Europe and APEJ (Asia Pacific Excluding Japan). The sale of CCD wheel aligners in Europe is predicted to expand at a rapid pace, reaching US$ 1.2 billion by the end of the evaluation year, allowing Europe to maintain its dominance. However, APEJ is expected to have greater CCD wheel aligner output due to an expanding number of manufacturers entering the market and APEJ's significant business potential.

Because of its great precision and short operational time, 6 camera CCD wheel aligners are becoming more popular in European and Asian nations. In comparison to 8 camera CCD wheel aligners, 6 camera wheel aligners are a low-cost and generally accepted technology, with a 5.0 % adoption rate expected to generate large revenues in the next years.

High labour costs and a scarcity of skilled labour will pose challenges to the market.

The cost of making CCD wheel aligners has risen as the utilisation and inclusion of new technology has increased. This has influenced the usage of CCD wheel aligners in small garages and vehicle manufacturers. The majority of these end users rely on traditional aligners to perform wheel alignment. Furthermore, a shortage of experienced workers to operate CCD wheel alignment devices is a barrier to CCD wheel aligner sales. This issue is more prevalent in emerging economies than in industrialised economies. Manufacturers of CCD wheel alignment machines, on the other hand, have begun to promote their products as cost effective, with minimal maintenance, and as one-time investment equipment.

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Few Other Segmental Insights

  • Sale of CCD wheel aligners in garages is expected to showcase low revenue generation as compared to auto manufacturers. Auto manufacturers are relatively well equipped owing to higher investment strength than garages. However, garages are expected to pick up speed with growing popularity of CCD wheel aligners in the coming years
  • Use of CCD wheel aligners for road vehicles is estimated to generate larger sales than off road vehicles. By 2026 end, sales revenue generated from road vehicle wheel alignment is expected to touch more than US$ 2.5 Bn

Global CCD Wheel Aligners Market by Category

By Product Type :

o    6-Camera

o    8-Camera

By Vehicle Type :

o    Road Vehicles

o    Off-Road Vehicles

By Application :

o    Garage

o    Auto Manufacturers

o    Tire Manufacturers

Tags:

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