According to a new market report published by Lucintel, the future of the global automotive wheel alignment service market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive wheel alignment service market is expected to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are rapid urbanization, growing awareness, and the rise in demand for the need to improve fuel efficiency in automobiles.
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In this market, toe-in/toe-out alignment system, camber alignment system, caster alignment system, and four wheel alignment system are the major products used to manufacture automotive wheel alignment service. On the basis of comprehensive research, Lucintel forecasts that toe-in/toe-out alignment system will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to technologically advanced alignment services that boosts productivity and fuel efficiency in automobiles.
Within the global automotive wheel alignment service market, the passenger car segment is expected to witness the highest growth over the forecast period due to the rise in production of passenger vehicles across the globe and increasing demand for luxury or premium passenger vehicles driven by the rise in disposable income of people and an increase in living standards of people across the globe.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the presence of automotive industry and advanced testing facilities for wheel alignment.
Emerging trends, which have a direct impact on the dynamics of the industry, include entry of cutting-edge tire alignment machines to fuel growth, growing popularity of electric vehicles, and increasing disposable income. 3M, BMW AG, Continental AG, Ford Motor Company, Mercedes Benz, Robert Bosch, MRF, and Toyota Motor Corporation are among the major suppliers of the automotive wheel alignment service market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive wheel alignment service market by product, application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Wheel Alignment Service Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive wheel alignment service market by product, application, and region, as follows:
By Product [Value ($ Million) from 2015 to 2026]:
Toe-In/Toe-Out Alignment System
Camber Alignment System
Caster Alignment System
Four Wheel Alignment System
By Application [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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