Global Automotive Wheel Alignment System Market 2019-2023 | Growing Popularity of Wireless Automotive WAS to Boost Growth | Technavio

Technavio has published a new market research report on the global automotive wheel alignment system market from 2019-2023. (Graphic: Business Wire)

LONDON--()--The global automotive wheel alignment system market is expected to post a CAGR close to 5%, according to the latest market research report by Technavio. However, the market is expected to decelerate on a year-on-year basis during the forecast period 2019-2023.

The global demand for automotive repair and maintenance services is growing due to numerous factors. One of the major driving factors is the rising lifespan of vehicles, which is leading to higher vehicle population in most of the prominent automotive countries. This increase in vehicle population is leading to the growing demand for automotive repair and maintenance services. Furthermore, as modern vehicles are used for a longer duration, there is a higher demand for preventive maintenance services of essential automotive components, including wheel alignment systems. Therefore, such factors are expected to boost market growth during the forecast period.

As per Technavio, the growing popularity of wireless automotive WAS will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global automotive wheel alignment system market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Automotive Wheel Alignment System Market: Growing Popularity of Wireless Automotive (WAS)

The demand for faster and efficient automotive WAS is increasing among customers. The concerned market is witnessing growth in demand for wireless automotive WAS, also known as non-contact automotive WAS, owing to its flexible installation. Moreover, the wireless automotive WAS enables faster and accurate wheel alignment for all four wheels, simultaneously. The faster and accurate wheel alignment is enabled through laser, and 3D cameras by the wireless WAS. The wireless automotive WAS uses Bluetooth technology for wireless communication, and the system can be operated using a remote control. Prominent vendors, such as Bosch and Snap-on, offer wireless automotive WAS. As wireless automotive WASs allows faster measurement, automotive repair shops can cater to more customers, which leads to an increase in the turnover of automotive repair shops. Hence, these shops prefer wireless automotive WASs. Thus, it is expected that the growing popularity of the wireless automotive WAS will significantly benefit the market in focus.

“Apart from the growing popularity of wireless automotive WAS, the development of ADA-ready WAS and the growing online purchase of automotive products are some other major factors that will drive market growth during the forecast period,” says a senior analyst at Technavio.

Global Automotive Wheel Alignment System Market: Segmentation Analysis

This market research report segments the global automotive wheel alignment system market by type (CCD wheel alignment system, 3D wheel alignment system, and DIY wheel alignment system) and geographical regions (APAC, Europe, North America, South America, and MEA).

The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA, respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market and register the highest incremental growth due to the high adoption of passenger cars and commercial vehicles in the region

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global automotive wheel alignment system market is set to post a CAGR close to 5%, according to the latest market research report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com