Commercial vehicles and modern cars are highly tuned vehicles, and driver comfort, anticipated performance, tire life and fuel economy can be negatively impacted by even a small imbalance, fractions of an ounce matters a lot today, thus the wheel balancing machines were introduced in the market. Wheel balancing machines are primarily utilized to ensure that the weight is distributed equally around the wheel and that the tyre rotates evenly.
When a tire is attached to a wheel, the overall finished wheel assembly must be balanced. The process ensures that all the imbalances of mass are checked and used weights are balanced. Thus, the need for the wheel balancing machines were increased. Maintaining proper balance of wheel is the critical part for maintaining the life of tire, also proper balancing ensures that the vehicle has a vibration free and smooth ride. Hence, the demand for the wheel balancing machines is continuously rising across the globe.
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Global Wheel Balancing Machines Market: Segmentation
Globally, the wheel balancing machines market can be segmented on the basis of product type, operation, sales channel, and application
Based on the product type, the global wheel balancing machines market can be segmented into
- Static Wheel Balancing Machines
- Dynamic Wheel Balancing Machines
- Bubble Wheel Balancing Machines
Based on the operation, the global wheel balancing machines market can be segmented into
Based on the sales channel, the global wheel balancing machines market can be segmented into
Based on the application, the global wheel balancing machines market can be segmented into
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Global Wheel Balancing Machines Market: Dynamics
Increasing demand for commercial vehicles, as well as passenger cars, is supporting the production of vehicles. In order to ensure that the weight is evenly distributed throughout each tire and wheel on a vehicle, the wheel needs to be balanced. Thus, in turn, escalating the demand for the wheel balancing machines and hence driving the global wheel balancing machines market.
The development of low-cost, high-quality and technologically advanced machines is one of the key challenges in the global wheel balancing machines market.
The introduction of patented PROtouch technology-based wheel balancing machine in the market is one of the key milestones in digital balancers. For instance, recently, John Bean has introduced the wheel balancing machine for garages and independent tire shops. The aforementioned factors are found to be one of the key trends identified in the global wheel balancing machines market.
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Global Wheel Balancing Machines Market: Regional Outlook
Considering regions, the global wheel balancing machines market is anticipated to be dominated by the Asia-Pacific region, owing to the increasing demand for passenger cars and two-wheelers across China and India. Growth in vehicle demand across the developing countries is largely supported by the growing population and infrastructure. Asia-Pacific in the global wheel balancing machines market is anticipated to be followed by Europe, owing to the growing demand for the machines from the automotive industry. Europe is anticipated to be followed by North America over the near future in the global wheel balancing machines market. Latin America and Middle East & Africa are expected to account for a small share in the global wheel balancing machines market and are anticipated to grow at a moderate rate over the next decade in the global wheel balancing machines market.
Global Wheel Balancing Machines Market: Market Participants
Examples of some of the market participants involved in the global Wheel Balancing Machines market include
- Hunter Engineering Company
- CEMB S.p.A.
- Hofmann Maschinen- und Anlagenbau GmbH
- Tecalemit Garage Equipment Company Limited
- Dannmar Equipment
- SIGNET AUTOMATION ENGINEERS PVT. LTD.
- Robert Bosch GmbH
- BendPak Inc.
- Atlas Auto Equipment
- Snap-on Incorporated
- Giuliano Industrial S.p.A.
Prominent manufacturers of wheel balancing machines are focusing on the introduction of customer-specific machines for imbalance compensation.
The global wheel balancing machines market is anticipated to be one of the most fragmented in nature owing to the presence of a large number of local as well as regional players in the market.
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