Pune, Maharashtra -- (SBWIRE) -- 05/20/2019 -- ad weather conditions and growing disregard for road maintenance is worsening the state of roads in several parts of the world, and wheel alignment systems are witnessing a sharp increase in demand. 3D wheel aligners, a key advancement in wheel alignment systems, are being sought to attain accurate assessment of nonalignment by capturing the condition of wheels and the axle three-dimensionally. Fact.MR foresees the global demand for 3D wheel aligners to emerge moderately in the coming years. While their uptake remains impeded by presence of alternatives such as CCD wheel aligners, and incompatibility in traditional automotive maintenance settings, the global market for 3D wheel aligners will continue to spearhead towards US$ 190 million valuation by the end of 2026.
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The Fact.MR forecast study estimates a 4.2% CAGR growth for the global 3D wheel aligners market in terms of volume over the period, 2017-2026. Majority of 3D wheel aligners are expected to be manufactured in the Asia-Pacific excluding Japan (APEJ) region. However, the demand for 3D wheel aligners is expected to be marginally high in Europe, as compared to North America and the APEJ 3D wheel aligners markets.
5-Camera and 6-Camera 3D Wheel Aligners to Register High Volume CAGRs during 2017-2026
In 2018 and beyond, 4-camera 3D wheel aligners will represent top-selling product in the global market. However, technical limitations and low capabilities of these products, compared to 5-camera and 6-camera 3D wheel aligners will dwindle their global market volume share considerably. On the other hand, 5-camera and 6-camera 3D wheel aligners will register steady volume CAGRs of 5.4% and 5.2% respectively.
Off-Road Vehicles to Reflect a Sharp Increase in Global Market Volume Share between 2017 and 2026
On-road vehicles will represent highest adoption of 3D wheel aligners in their maintenance operations. High frequency of wheel nonalignment in off-road vehicles, on the other hand, will drive their share on global market volumes from 25.9% in 2017 to 28.4% by 2026-end.
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Pit Version Mounting to Lose Traction; Auto Manufacturing Applications to Showcase High Profitability
Majority of 3D wheel aligners today are being equipped with pit version mounting capabilities. Their traction is pegged to dwindle in the coming years, and end-users will prefer mounting 3D wheel aligners through lift version. The report also estimates that use of 3D wheel aligners in garages will be less profitable than their auto manufacturing applications, which will account for more than 50% of global market volumes through 2026.
Market Players to Focus on Expanding their Footprint in the Asia-Pacific region
Prominent 3D wheel aligner manufacturers namely, Hunter Engineering Company, Corghi S.p.A., Snap-on Incorporated, Wonder Internation Sdn Bhd, Beissbarth GmbH, Launch Tech Co., Ltd., Shenzhen 3Excel Tech Co.,Ltd., Yantai Haide Science And Technology, Yingkou Dali Automobile Maintenance Equipment, Actia Muller, Yingkou Hanway Techonology Co.Ltd., and Panther Electronic Machinery Manufactory Ltd. are expanding their manufacturing in the Asia-Pacific region to capture the high demand in Japan and APEJ 3D wheel aligner markets.
In the coming years, the global 3D wheel aligner manufacturing landscape will also witness the participation of leading end-user such as Champion Power Equipment, Briggs & Stratton Corp., Generac Power Systems, Inc., Yamaha Motor Co., Ltd.., Hyundai Motor Co., Honda Motor Company, Lifan Industry (Group) Co., Ltd., Wuxi Kipor, Subaru Corporation, Ryobi Ltd. and Toshiba Corporation.
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To deliver a seamless understanding of the 3D Wheel Aligners market, the report is divided into 18 sophisticated chapters whose snapshots are provided below.
Chapter 1 – Executive Summary
The report commences with the chapter of the executive summary which delivers brief yet affluent information of the 3D Wheel Aligners market. The chapter includes discussion on the market overview, market analysis and market recommendations regarding the 3D Wheel Aligners market derived based on Fact.MR's proprietary wheel of fortune.
Chapter 2 – Market Introduction
In the market introduction chapter, the 3D Wheel Aligners market is introduced along with the
market segmentation in the form of market taxonomy. The chapter also introduces the 3D Wheel Aligners in the market definition section.
Chapter 3 - 3D Wheel Aligners Market Background
In this chapter, macroeconomic factors, market dynamics, a complete value chain and pricing
analysis with regard to 3D Wheel Aligners market is elaborately discussed. Discussion on the
market drivers, restraints, trends and opportunities and their impact on the market forecast is also
covered in this chapter.
Chapter 4 - Global 3D Wheel Aligners Market Analysis 2013–2017 and Forecast 2018–2026
This chapter provides the 3D Wheel Aligners market size in terms of market volume and value
during the forecast period. Market analysis based on absolute $ opportunity and y-o-y growth of the 3D Wheel Aligners market is also covered in this chapter.
Chapter 5 - Global 3D Wheel Aligners Market Analysis 2013–2017 and Forecast 2018–2026,
By System Type Based on system types in the 3D Wheel Aligners market, the chapter elaborates market size of individual systems and analysis by system types and summary of this section is covered in the chapter.
Chapter 6 - Global 3D Wheel Aligners Market Analysis 2013–2017 and Forecast 2018–2026, By Application
Based on applications, Market size of individual applications, their market attractiveness analysis and summary are also covered.
Chapter 7 - Global 3D Wheel Aligners Market Analysis 2013–2017 and Forecast 2018–2026, By End User
This chapter elaborates the segmentation of the 3D Wheel Aligners market based on end users
including independent end users, Market attractive analysis by end users is also discussed to fathom relative lucrativeness of different end users of the 3D Wheel Aligners market.
Chapter 8 - Global 3D Wheel Aligners Market Analysis 2013–2017 and Forecast 2018–2026, By Region
With the geographical perspective, the 3D Wheel Aligners market is analyzed on a total of seven regions including North America, Latin America, Europe, South East Asia & Pacific, Middle East & Africa, China and Japan. Historical data and prevailing trends in the 3D Wheel Aligners market and their influence on the global market performance is discussed in this chapter.
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