Global Wheel Balancer Market Insights, Forecast to 2025

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.
Global Wheel Balancer market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Wheel Balancer.

This industry study presents the global Wheel Balancer market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Wheel Balancer production, revenue and market share by manufacturers, key regions and type;
The consumption of Wheel Balancer in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Corghi, BOSCH, etc.

The following manufacturers are covered in this report:
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

Wheel Balancer Breakdown Data by Type
Below 15 inches or less
15 inches to 24 inches
Above 24 inches
Wheel Balancer Breakdown Data by Application
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others

Wheel Balancer Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions

Wheel Balancer Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Wheel Balancer status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Wheel Balancer manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Wheel Balancer :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Wheel Balancer market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Frequently Asked Questions