Wheel balancer is a device which can minimize the centrifugal force and the abnormal wear and tear of vehicle wheels. Wheel dynamic balance refers to the varying degrees centrifugal force in each direction when the wheel rotates. When dynamic balance the state is not good, centrifugal force of one direction is too large or too small, thus affecting the quality of, and it can easily cause a puncture or accidents after the tire mounted to the car. Therefore before the tires leave the factory or when repair and maintenance, wheel dynamic balance test should be carried out. And the testing tool is wheel balancer.
This report analyzed wheel balancer in three major forms which are car, truck and motorcycle wheel balancers.
At present, in developed countries, the wheel balancer industry is generally at a more advanced level. The world's largest enterprises are mainly concentrated in Europe and China. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies' manufacturing cost is relatively higher, compared with Asia companies.Many big name brands has transfer their production to the original equipment manufacturer in China.Wth the growth of China labor cost,it will be a mainstream trend to transfer to other low labor cost countries in Asia region.
China's wheel balancer industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved at currently and China has become the largest production and consumption country of automobile, but most of the production technology is relatively laggard to produce some low-end wheel balancer product. Wheel Balancer is a labor intensive industry.The famous brand in China,like DALIQIBAO, Bright and Taida all produce wheel balancer product for foreign big name brand,like Atlas(US), Ranger(US),ATH(Germany),etc.All other Chinese manufacturers buy the majority of their component parts from dozens of small Chinese factories and assemble these component parts to produce their tire changers and wheel balancers.
According to this study, over the next five years the Wheel Balancer market will register a xx% CAGR in terms of revenue, the global market size will reach USD xx million by 2024, from USD xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Wheel Balancer business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Wheel Balancer market by product type, application, key manufacturers and key regions and countries.
This study considers the Wheel Balancer value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Below 15 inches or less
15 inches to 24 inches
Above 24 inches
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Corghi
BOSCH
Snap-on
Hunter
Hennessy Industries
MAHA
CEMB
Cormach Srl
Ravaglioli
Giuliano
DALIQIBAO
Bright
Balancer
Sino-Italian Taida
Zhongda Group
Coseng
Anchor
Kwingtone
Hongpu
TGQB
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Wheel Balancer consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Wheel Balancer market by identifying its various subsegments.
Focuses on the key global Wheel Balancer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Wheel Balancer with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Wheel Balancer submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
