Automotive Wheel Alignment Services Market Trends

  • Report ID: 3156
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Automotive Wheel Alignment Services Market Trends

Growth Drivers

  • Increasing Use of Automobiles Worldwide
  • Growing Technological Advancements in the Automotive Sector

Challenges

  • Human Errors and Lack of Skilled Labor

Automotive Wheel Alignment Services Market: Key Insights

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.

Automotive-Wheel-Alignment-Market-Share

The automotive wheel alignment services market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Saima Khursheed


  • Report ID: 3156
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive wheel alignment services is estimated at USD 2.19 billion.

Automotive Wheel Alignment Services Market size was over USD 2.13 billion in 2024 and is anticipated to cross USD 3.21 billion by 2037, growing at more than 3.2% CAGR during the forecast period i.e., between 2025-2037.

North America industry is set to account for largest revenue share by 2037, propelled by escalating number of commercial vehicles in the region that require regular maintenance.

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