Predictive Maintenance Solutions Wheel Tire Service Equipment...

Predictive Maintenance Solutions Wheel Tire Service Equipment Forecast 2033

Posté 2025-07-15 07:01:48

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The global wheel and tire service equipment market, valued at US$ 4,046.6 million in 2023, is projected to reach US$ 5,893.9 million by 2033, growing at a compound annual growth rate (CAGR) of 3.8%. This growth is driven by increasing vehicle sales, rising consumer focus on vehicle maintenance, and technological advancements in garage equipment. The market plays a crucial role within the broader US$ 685 billion automotive repair and maintenance industry, fueled by higher spending on tire and wheel repair services.

The market’s significance lies in its support for vehicle performance and safety, with equipment like wheel alignment systems and tire changers enhancing efficiency in automotive repair. The rise of do-it-yourself (DIY) equipment and the growing used vehicle market, where 62% of vehicle loans in 2022 were for second-hand cars, are key trends boosting demand. Technological innovations, such as 3D alignment systems and sonar guidance, are transforming the industry, while supply chain disruptions, particularly in semiconductor availability, pose challenges.

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Market Analysis

The wheel and tire service equipment market is propelled by the global recovery of the automotive industry, with significant growth in new and used vehicle sales since 2021. The increasing emphasis on preventative maintenance, driven by consumer demand for reliable and efficient vehicles, is a key growth factor.

Technological advancements, such as high-resolution cameras and virtual reality systems in wheel alignment equipment, are enhancing service precision and customer satisfaction. However, supply chain disruptions, particularly from the COVID-19 pandemic, have led to shortages of raw materials and semiconductor chips, impacting production and sales. The growing popularity of used vehicles, which often require modifications for efficiency, further drives demand for wheel and tire service equipment.

Segment Analysis

The wheel and tire service equipment market is segmented by equipment type, vehicle type, and garage type. Wheel alignment systems dominate, capturing an 81.8% revenue share in 2023 due to their critical role in ensuring precise vehicle handling and tire longevity, with advanced 3D technology driving repeat business.

The passenger vehicle segment, valued at US$ 2,385.5 million in 2023, leads due to high demand for maintenance in mid-size, compact, and luxury vehicles. Independent garages hold the largest share among garage types, valued at US$ 1,968.7 million in 2023, driven by their cost-effectiveness and use of quality equipment. However, the automotive OEM dealership segment, with a 26.3% share, is poised for growth due to its ability to service luxury vehicles with advanced systems.

Country-wise Insights

In the United States, the wheel and tire service equipment market is valued at US$ 656.5 million in 2023, contributing to North America’s 17.7% global market share, with a projected CAGR of 3.7% through 2033. The U.S. market is driven by a robust automotive industry, high disposable incomes, and the prevalence of personal garages in residential settings, boosting demand for equipment like wheel balancers and tire changers. In the United Kingdom, the market benefits from Europe’s leading 30.2% share, valued at US$ 1,220.5 million in 2023, driven by a focus on advanced vehicle maintenance and the adoption of high-tech alignment systems. The U.K.’s growth aligns with Europe’s emphasis on quality and efficiency in automotive repair, supported by consumer preferences for smooth driving experiences and regulatory standards for vehicle safety.

Key Players

ARI-HETRA
ARO Equipments PVT LTD.
Automotive Specialty Equipment, Inc.
Hennessy Industries
Hofmann
Hunter Engineering Company
Jingjia Auto Equipment
John Bean
Martins Industries
National Auto Tools
Ravaglioli S.p.A
Sarveshwari Engineers
SPACE S.R.L.
Vehicle Service Group (Rotary Lift)

Strategic Outlook and Industry Trends

The wheel and tire service equipment market is evolving with a focus on technological innovation and market expansion. Manufacturers are integrating advanced features like sonar guidance and optical imaging to enhance equipment efficiency, particularly for wheel alignment systems. The rise of electric vehicles is prompting companies to develop specialized equipment to meet new maintenance demands.

Strategic initiatives, such as expanding product portfolios and improving product quality, are helping manufacturers maintain a competitive edge. The growing trend of DIY vehicle maintenance and the increasing sales of used vehicles are creating new opportunities, particularly in independent garages. As consumer expectations for vehicle performance and safety rise, manufacturers are focusing on balancing product mix and market placement to capitalize on demand, ensuring sustained growth in a dynamic automotive aftermarket.

Segmentation of Wheel and Tire Service Equipment Market

By Equipment Type: