PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531097
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531097
Automotive Wheel Alignment Services Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
In 2024, the size of the world automotive wheel alignment services industry is projected to be USD 2,259.9 million, and it is estimated to attain USD 2,769.7 million by the end of the decade, growing at a CAGR of 3.4% during the projection period.
This growth of the market can be credited to the improvements in tire alignment technology, growing automobile sales, increasing per-capita income in developing nations, fast urbanization, and growing awareness of people on the numerous aspects that affect the overall vehicle performance.
The automobile sector has been on a boom since COVID-19, and enhanced techs, like ADAS and cruise control, are attaining growing traction. Moreover, nations are experiencing financial development and a surge in the buying power of people. With this, a growing count of automobiles are selling throughout the globe.
As people shift their attention to quality in addition to the competitiveness among original equipment manufacturers OEMs, the industry is producing vehicles with highly long-lasting features and components. Meanwhile, they now pay particular concern to the maintenance of their vehicles, to increase their durability.
However, maintenance is even more vital in MPVs, SUVs, pickup trucks, and crossovers more so because they are mainly used for long-distance travel on rough roads. Operators of car fleets also get their automobiles for repair frequently to ensure that the periods that such automobiles are off the road are minimized and the highest number of automobiles available on the road to serve their intended purposes.
Key Insights
In 2024, the passenger vehicles category grips a dominating share of 70%.
Technical innovations like ADAS and cruise control are shaping the automobile sector.
Increasing need for luxury and premium vehicles because of augmented buying power.
Augmented emphasis on comfort and driving experience forces OEMs and aftermarket entities to consider wheel alignment seriously.
In 2024, Imaging is the larger category with a share of 75%.
It is also the fastest-rising category with a CAGR of 3.6% over the projection period.
The advanced accurateness of imaging systems allows more accurate misalignment analysis and cost savings.
The fixed category holds a larger share of 65% in 2024.
This conventional wheel alignment technology is efficient in measuring different angles and wheel spinning speeds.
Portable is the fastest-growing category with a CAGR of 3.7% during 2024-2030.
Camera-based technology is the largest category with a share of 50% in 2024.
Capable of accurately measuring angles with sensors directly placed on the wheels.
Widely accepted among OEMs and garages for its accuracy and simplicity.
The 3D category is expected to witness the highest CAGR of 3.8% during 2024-2030.
Incorporates advanced cameras and sensors to create a 3D model of wheel alignment.
OEMs dominate the market with a share of 45% in 2024.
Expected to witness the highest CAGR of 3.9% during 2024-2030.
Preferred for their infrastructure and in-house machinery for operational and quality testing.
North America holds the largest regional market share of 55% in 2024.
Early advancement of the automobile industry and specific regulations in the U.S. and Canada.
Asia-Pacific is the fastest-growing region with a CAGR of 4.0% during 2024-2030.
Development of the automobile industry due to low labor and raw material costs.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by vehicle type
- 1.4.2. Market size breakdown, by product type
- 1.4.3. Market size breakdown, by mobility type
- 1.4.4. Market size breakdown, by technology
- 1.4.5. Market size breakdown, by service provider
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Vehicle Type (2019-2030)
- 6.3. Market Revenue, by Product Type (2019-2030)
- 6.4. Market Revenue, by Mobility Type (2019-2030)
- 6.5. Market Revenue, by Technology (2019-2030)
- 6.6. Market Revenue, by Service Provider (2019-2030)
- 6.7. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Vehicle Type (2019-2030)
- 7.3. Market Revenue, by Product Type (2019-2030)
- 7.4. Market Revenue, by Mobility Type (2019-2030)
- 7.5. Market Revenue, by Technology (2019-2030)
- 7.6. Market Revenue, by Service Provider (2019-2030)
- 7.7. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Vehicle Type (2019-2030)
- 8.3. Market Revenue, by Product Type (2019-2030)
- 8.4. Market Revenue, by Mobility Type (2019-2030)
- 8.5. Market Revenue, by Technology (2019-2030)
- 8.6. Market Revenue, by Service Provider (2019-2030)
- 8.7. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Vehicle Type (2019-2030)
- 9.3. Market Revenue, by Product Type (2019-2030)
- 9.4. Market Revenue, by Mobility Type (2019-2030)
- 9.5. Market Revenue, by Technology (2019-2030)
- 9.6. Market Revenue, by Service Provider (2019-2030)
- 9.7. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Vehicle Type (2019-2030)
- 10.3. Market Revenue, by Product Type (2019-2030)
- 10.4. Market Revenue, by Mobility Type (2019-2030)
- 10.5. Market Revenue, by Technology (2019-2030)
- 10.6. Market Revenue, by Service Provider (2019-2030)
- 10.7. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Vehicle Type (2019-2030)
- 11.3. Market Revenue, by Product Type (2019-2030)
- 11.4. Market Revenue, by Mobility Type (2019-2030)
- 11.5. Market Revenue, by Technology (2019-2030)
- 11.6. Market Revenue, by Service Provider (2019-2030)
- 11.7. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Vehicle Type (2019-2030)
- 12.3. Market Revenue, by Product Type (2019-2030)
- 12.4. Market Revenue, by Mobility Type (2019-2030)
- 12.5. Market Revenue, by Technology (2019-2030)
- 12.6. Market Revenue, by Service Provider (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Vehicle Type (2019-2030)
- 13.3. Market Revenue, by Product Type (2019-2030)
- 13.4. Market Revenue, by Mobility Type (2019-2030)
- 13.5. Market Revenue, by Technology (2019-2030)
- 13.6. Market Revenue, by Service Provider (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Vehicle Type (2019-2030)
- 14.3. Market Revenue, by Product Type (2019-2030)
- 14.4. Market Revenue, by Mobility Type (2019-2030)
- 14.5. Market Revenue, by Technology (2019-2030)
- 14.6. Market Revenue, by Service Provider (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Vehicle Type (2019-2030)
- 15.3. Market Revenue, by Product Type (2019-2030)
- 15.4. Market Revenue, by Mobility Type (2019-2030)
- 15.5. Market Revenue, by Technology (2019-2030)
- 15.6. Market Revenue, by Service Provider (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Vehicle Type (2019-2030)
- 16.3. Market Revenue, by Product Type (2019-2030)
- 16.4. Market Revenue, by Mobility Type (2019-2030)
- 16.5. Market Revenue, by Technology (2019-2030)
- 16.6. Market Revenue, by Service Provider (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Vehicle Type (2019-2030)
- 17.3. Market Revenue, by Product Type (2019-2030)
- 17.4. Market Revenue, by Mobility Type (2019-2030)
- 17.5. Market Revenue, by Technology (2019-2030)
- 17.6. Market Revenue, by Service Provider (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Vehicle Type (2019-2030)
- 18.3. Market Revenue, by Product Type (2019-2030)
- 18.4. Market Revenue, by Mobility Type (2019-2030)
- 18.5. Market Revenue, by Technology (2019-2030)
- 18.6. Market Revenue, by Service Provider (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Vehicle Type (2019-2030)
- 19.3. Market Revenue, by Product Type (2019-2030)
- 19.4. Market Revenue, by Mobility Type (2019-2030)
- 19.5. Market Revenue, by Technology (2019-2030)
- 19.6. Market Revenue, by Service Provider (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Vehicle Type (2019-2030)
- 20.3. Market Revenue, by Product Type (2019-2030)
- 20.4. Market Revenue, by Mobility Type (2019-2030)
- 20.5. Market Revenue, by Technology (2019-2030)
- 20.6. Market Revenue, by Service Provider (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Vehicle Type (2019-2030)
- 21.3. Market Revenue, by Product Type (2019-2030)
- 21.4. Market Revenue, by Mobility Type (2019-2030)
- 21.5. Market Revenue, by Technology (2019-2030)
- 21.6. Market Revenue, by Service Provider (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Vehicle Type (2019-2030)
- 22.3. Market Revenue, by Product Type (2019-2030)
- 22.4. Market Revenue, by Mobility Type (2019-2030)
- 22.5. Market Revenue, by Technology (2019-2030)
- 22.6. Market Revenue, by Service Provider (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Vehicle Type (2019-2030)
- 23.3. Market Revenue, by Product Type (2019-2030)
- 23.4. Market Revenue, by Mobility Type (2019-2030)
- 23.5. Market Revenue, by Technology (2019-2030)
- 23.6. Market Revenue, by Service Provider (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Vehicle Type (2019-2030)
- 24.3. Market Revenue, by Product Type (2019-2030)
- 24.4. Market Revenue, by Mobility Type (2019-2030)
- 24.5. Market Revenue, by Technology (2019-2030)
- 24.6. Market Revenue, by Service Provider (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Vehicle Type (2019-2030)
- 25.3. Market Revenue, by Product Type (2019-2030)
- 25.4. Market Revenue, by Mobility Type (2019-2030)
- 25.5. Market Revenue, by Technology (2019-2030)
- 25.6. Market Revenue, by Service Provider (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Vehicle Type (2019-2030)
- 26.3. Market Revenue, by Product Type (2019-2030)
- 26.4. Market Revenue, by Mobility Type (2019-2030)
- 26.5. Market Revenue, by Technology (2019-2030)
- 26.6. Market Revenue, by Service Provider (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Vehicle Type (2019-2030)
- 27.3. Market Revenue, by Product Type (2019-2030)
- 27.4. Market Revenue, by Mobility Type (2019-2030)
- 27.5. Market Revenue, by Technology (2019-2030)
- 27.6. Market Revenue, by Service Provider (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Vehicle Type (2019-2030)
- 28.3. Market Revenue, by Product Type (2019-2030)
- 28.4. Market Revenue, by Mobility Type (2019-2030)
- 28.5. Market Revenue, by Technology (2019-2030)
- 28.6. Market Revenue, by Service Provider (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Bridgestone Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Volkswagen AG
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Robert Bosch GmbH
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. The Goodyear Tire and Rubber Company
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Toyota Motor Corporation
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Ford Motor Company
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. General Motors Company
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. MRF Limited
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Continental AG
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. BMW AG
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Mahindra & Mahindra Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
