The Tire And Wheel Handling Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Tire And Wheel Handling Equipment Market?
The Tire And Wheel Handling Equipment Global Market Report 2025 has shown significant growth in the past years. The market size, which was at $3.94 billion in 2024, is projected to reach $4.18 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Tire And Wheel Handling Equipment Industry?
The predicted market size for the Tire And Wheel Handling Equipment Global Market by 2029 is expected to reach $4.96 billion, with a Compound Annual Growth Rate (CAGR) of 4.4%.
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What are the Key Growth Drivers Fueling the Tire And Wheel Handling Equipment Market?
The key drivers in the tire and wheel handling equipment market are:
• Growth in automotive production
• Rise in the adoption of puncture-proof tire technologies
• Increase in preference for lightweight materials in equipment production
• Integration and utilization of nanotechnology and electric vehicles.
Global Market Segmentation: Identifying Major Tire And Wheel Handling Equipment Industry Segments
The tire and wheel handling equipment market covered in this report is segmented –
1) By Equipment Type: Wheel Balancer, Tire Changer, Tire Inflator, Wheel Alignment Systems, Lifting Equipment
2) By Vehicle Type: Two-Wheelers, Passenger Vehicles, Commercial Vehicles
3) By Operation Mode: Manual, Semi-Automatic, Fully Automatic
4) By End User: Automotive Repair Shops, Tire Service Centers, Motorcycle Repair Shops, Automotive Original Equipment Manufacturer (OEM) Dealerships
Subsegments:
1) By Wheel Balancer: Static Wheel Balancers, Dynamic Wheel Balancers, Laser-Guided Wheel Balancers, Computerized Wheel Balancers
2) By Tire Changer: Manual Tire Changers, Semi-Automatic Tire Changers, Fully Automatic Tire Changers, Heavy-Duty Tire Changers (for Trucks & Buses)
3) By Tire Inflator: Digital Tire Inflators, Analog Tire Inflators, Portable Tire Inflators, Automated Tire Inflation Systems
4) By Wheel Alignment Systems: 2-Wheel Alignment Systems, 4-Wheel Alignment Systems, Laser-Based Wheel Alignment Systems, 3D Wheel Alignment Systems
5) By Lifting Equipment: Hydraulic Car Lifts, Pneumatic Tire Lifts, Scissor Lifts, Portable Wheel Lifts
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What are the emerging Trends Shaping the Future of the Tire And Wheel Handling Equipment Market?
The key trends in the tire and wheel handling equipment market are:
• One emerging trend is the integration of nanotechnology into tire and wheel handling equipment.
• Another trend is the rise of AI-based tire pressure monitoring systems, improving efficiency and safety.
• Implementation of adaptive tire technology, providing personalized performance, is gaining traction.
• Use of bio-based, recycled materials, and water-based adhesive, implying sustainability, is becoming increasingly popular.
Who Are the Top Competitors & Leading Players in the Tire And Wheel Handling Equipment Market?
Major players in the tire and wheel handling equipment market are:
• Snap-on Incorporated
• Kärcher Inc.
• Coats Company
• Hofmann Equipment
• JLG Industries Inc.
• JR Automation
• Bastian Solutions
• Hunter Engineering Company
• Camso Inc.
• Ravaglioli S.p.A.
• Corghi S.p.A.
• Cimcorp Automation Ltd.
• BendPak Inc.
• Dunn Tire LLC
• Bosch Automotive Service Solutions
• Nandan GSE
• Emerald Tyres
• Martins Industries
• Ace Ventura Tyres and Tracks
• Cleveland Equipment
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the tire and wheel handling equipment market in 2024
