Automotive Wheel Alignment Services Market Analysis

  • Report ID: 3156
  • Published Date: Sep 16, 2024
  • Report Format: PDF, PPT

Automotive Wheel Alignment Services Market Analysis

The market is segmented by service provider into OEM, franchise, dealership authorized, and others, out of which, the OEM segment is anticipated to hold the largest share in the automotive wheel alignment services market on account of growth in the number of in-house testing facilities where all the vehicle tests are carried out. Along with this, rising demand for premium quality vehicle service is also projected to boost growth of this market segment during the forecast period. Additionally, on the basis of vehicle type, the segment for passenger vehicles is estimated to gather the largest revenue in the near future, which can be ascribed to the high production of these automobiles globally and increasing demand for luxury vehicles in developing nations.

Our in-depth analysis of the global market includes the following segments:

           Vehicle Type

  • Passenger
  • Commercial

             Product Type

  • Imaging Wheel Alignment Machine
  • Diagnostic Wheel Alignment Machine

 

 

           Service Provider

  • OEM
  • Franchise
  • Dealership Authorized
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Saima Khursheed


  • Report ID: 3156
  • Published Date: Sep 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major growth drivers for the market are increasing use of automobiles worldwide and growing technological advancements in the automotive sector.

The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030.

Lack of Skilled Labor is estimated to hamper the market growth.

Asia Pacific is expected to offer more business opportunities to the market on the back of rapid urbanization across India and China.

The major players in the market are BMW AG, 3M Company, Bridgestone Corporation, Continental AG, Ford Motor Company, and others.
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