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Global Wheel Aligner Equipment Market 2019-2023| Increasing Number of Automobiles to Boost Demand| Technavio
[November 08, 2018]

Global Wheel Aligner Equipment Market 2019-2023| Increasing Number of Automobiles to Boost Demand| Technavio


Technavio analysts forecast the global wheel aligner equipment market to grow at a CAGR of nearly 5% during the forecast period, according to their latest market research report.

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Technavio analysts forecast the global wheel aligner equipment market to grow at a CAGR of nearly 5% ...

Technavio analysts forecast the global wheel aligner equipment market to grow at a CAGR of nearly 5% during the forecast period, 2019-2023. (Graphic: Business Wire)

The growing popularity of touchless wheel alignment system is one of the major trends being witnessed in the global wheel aligner equipment market 2019-2023. A touchless wheel alignment system is a non-contact wheel-alignment system, which offers quick measurement without setup time. In this system, once the vehicle is positioned between the sensor heads, it provides precise results for all four wheels at the same time. The alignment measurement is carried out by infrared laser projectors in combination with high-resolution cameras.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing



According to Technavio analysts, one of the key factors contributing to the growth of the global wheel aligner equipment market is the increasing number of automobiles:

Global wheel aligner equipment market: Increasing number of automobiles


The improved sales of automobiles can be attributed to the high disposable income of people across the globe. The growth of the global wheel aligner equipment market is closely related to the number of automobiles getting sold as these vehicles will frequently need wheel alignment. The passenger vehicle segment contributes significantly to the global automobile market.

According to a senior analyst at Technavio for research on automotive components, "Factors such as sales incentives, the availability of low-interest finance options, the launch of new models, and comfortable repayment options are driving the market for passenger vehicles in APAC and the Middle East. Moreover, favorable government policies in several countries have encouraged many manufacturers to increase production of passenger vehicles. The growing number of automobiles increases the need for wheel alignment checks."

Global wheel aligner equipment market: Segmentation analysis

The global wheel aligner equipment market research report provides market segmentation by technology (CCD aligner and 3D aligner) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The CCD aligner segment held the largest market share in 2018, accounting for nearly 93% of the market. This technology segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 50%. This region is expected to dominate the market through 2023.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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