Growth Drivers
Challenges
On the basis of geographical analysis, the automotive wheel alignment services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America is estimated to occupy the largest market share over the forecast period on the back of escalating number of commercial vehicles in the region that require regular maintenance. For instance, the sales of commercial vehicles in the United States have only observed a hike since 2009. More than 125 million units of the automobile were sold in 2020. Similarly, Europe is also anticipated to occupy a significant share in the market in the coming years owing to the presence of major automobile manufacturers and wide usage of advanced testing facilities to check wheel alignment of vehicles in the region. Moreover, the market in Asia Pacific is evaluated to witness the highest growth during the forecast period. This can be accounted to rapid urbanization across nations namely, India and China and intensifying fleet size of passenger cars in Japan.
The automotive wheel alignment services market is further classified on the basis of region as follows:
Base Year |
2025-2037 |
Forecast Year |
2025-2037 |
CAGR |
3.2% |
Base Year Market Size (2024) |
USD 2.13 billion |
Forecast Year Market Size (2037) |
USD 3.21 billion |
Regional Scope |
|
Author Credits: Saima Khursheed
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