CCD Wheel Aligners Market Is Anticipated To Surpass USD 5.7 Billion By 2032

CCD Wheel Aligners Market

The global CCD wheel aligners market is estimated at USD 3.6 Billion in 2022 and is forecast to surpass USD 5.7 Billion by 2032, growing at a CAGR of 4.7% during 2022-2032.

The vehicle maintenance schedule leading to reduced wear and tear and maintenance expenses have become the main aspects of the vehicle owner, and wheel alignment is one of the main tasks. Rising awareness regarding the proper alignment of wheels of vehicles due to the negative impacts posed by the improper alignment is expected to trigger market demand by 1.6X in coming years.

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Key Takeaways:

  • Europe region for CCD wheel aligners is projected to grow at a CAGR of 5.1% during 2022-2032.
  • Asia-Pacific CCD wheel aligners market is expected to grow at a CAGR of 4.1%.
  • By product type, 6 camera CCD wheel aligners currently holds 51.9% of the CCD wheel aligners market share.
  • By application, auto manufacturers segment holds more than 1/3rd i.e. 37.6% of the overall market share.

Growth Drivers:

  • Wheel aligners, which provide a faster alignment with a high level of accuracy, are becoming more popular among auto manufacturers and garages, thus driving the demand for CCD wheel aligners.
  • Rising cases of road accidents caused by misalignment of wheels and introduction of multiple wheel technologies to spur the market growth.

Key Restraints:

  • The scarcity of skilled labor to operate CCD wheel alignment machines is generating challenges and limiting product sales.

Competitive landscape:

The global CCD wheel aligners market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced CCD wheel aligners.

Fact.MR has provided detailed information about price points of top manufacturers of CCD wheel aligners market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Technovector recently introduced contactless wheel alignment system which provides automatic vehicle detection and adaptive towers to measure wide range of wheelbases. Their machine-vision wheel aligners for heavy-duty trucks comes up with WideScope technology, which provides fast angles check and adjustment.
  • 8 CCD sensor wheel aligner introduced recently by Rotary Lift is a 3D wheel alignment, equipped with an A4 printer, and a powerful PC. It also comes up with a robust mobile cabinet to attach and charge the wheel clamps.

Key Players in the CCD Wheel Aligners Market are

  • Stanley
  • Milwaukee Hand Trucks
  • Dewalt
  • Apex Tool Group
  • Blackhawk Industries
  • Cooper Tools
  • Masko Tech Engineers
  • Actia Group
  • Shenzhen 3Excel Tech Co. Ltd.
  • Bosch Automotive Service Solutions Inc.
  • Snap-On Incorporated

Global CCD Wheel Aligners Market by Category:

·         By Product Type :

  • 6-Camera
  • 8-Camera

·         By Vehicle Type :

  • Road Vehicles
  • Off-Road Vehicles

·         By Application :

  • Garage
  • Auto Manufacturers
  • Tire Manufacturers

·         By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Key Questions Covered in CCD Wheel Aligners Market Report

  • The report offers insight into the CCD wheel aligners market demand outlook for 2022-2032.
  • The market study also highlights projected sales growth for CCD wheel aligners market between 2022 and 2032.
  • CCD wheel aligners market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
  • CCD wheel aligners market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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