Wheel Weight also referred to as tire balance, describes the distribution of mass within an automobile tire or the entire wheel (including the rim) to which it is attached.
The global average price of Wheel Weight is in the decreasing trend, from 114.6 USD/K Unit in 2014 to 105.7 USD/K Unit in 2018. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Wheel Weight includes Clip-On Wheel Weights and the Adhesive Wheel Weights, and the proportion of Adhesive Wheel Weights in 2018 is about 50.24%, and the proportion is in increasing trend from 2014 to 2018.
Asia Pacific is the largest consumption place, with a consumption market share nearly 50.67% in 2018. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 22.7%.
According to this study, over the next five years the Wheel Weight market will register a 1.3% CAGR in terms of revenue, the global market size will reach US$ 700 million by 2024, from US$ 650 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Wheel Weight business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Wheel Weight market by product type, application, key manufacturers and key regions and countries.
This study considers the Wheel Weight 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.
Clip-On Type
Adhesive Type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
Motorcycle
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.
WEGMANN
Plombco
TOHO KOGYO
Hennessy
Shengshi Weiye
3M
Trax JH Ltd
Baolong
Jiangyin Yinxinde
HEBEI XST
Yaqiya
Wurth USA
Alpha Autoparts
Holman
Hatco
Bharat Balancing Weightss
HEBEI FANYA
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 Weight 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 Weight market by identifying its various subsegments.
Focuses on the key global Wheel Weight 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 Weight 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 Weight 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.
