Automotive Wheel Alignment Services Market Size

Automotive Wheel Alignment Services Market size was valued at USD 2.06 billion in 2023 and is anticipated to reach USD 3.1 billion by the end of 2036, registering around 3.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive wheel alignment services is assessed at USD 2.11 billion.

The growth of the market can be attributed to the rising number of automobile users, increasing technological developments in the automobile sector and growing disposable income of people across the world. It is estimated that more than 68 million automobiles will be sold by 2021. Out of these, 55 million units were of passenger vehicles. In addition, high investment by car manufacturers to improve performance and fuel efficiency in vehicles is also assessed to drive market growth in the future. Furthermore, as a result of stringent government regulations regarding reduction of fuel emissions of automotive, manufacturers are now emphasizing on cutting down their carbon footprint to a large extent. This is a crucial factor expected to offer lucrative opportunities to the automotive wheel alignment services market in the upcoming years.