Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Tire Balance Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Tire Balance Market Growth?
The Tire Balance Global Market Report 2025 highlights a consistent growth in the market size over the recent years. The market is projected to expand from $1.47 billion in 2024 to $1.53 billion in 2025, registering a CAGR of 3.7%.
What Is the Predicted Industry Size and CAGR of the Tire Balance Market in 2029?
The Tire Balance Global Market is projected to reach $1.87 billion by 2029, with a compound annual growth rate (CAGR) of 5.1%.
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Which Factors Are Driving Growth in the Tire Balance Market?
The key drivers in the tire balance market are:
• Focus on increasing fuel efficiency among consumers and manufacturers
• Increasing adoption of telematics in vehicles
• Government initiatives promoting road safety
• The growing demand for predictive maintenance solutions and vehicle customization for enhanced performance
Which Segment Trends Are Covered in the Tire Balance Market Forecast?
The tire balance market covered in this report is segmented –
1) By Type: Clip-On Type, Adhesive Type
2) By Balancing Method: Static Balancing, Dynamic Balancing
3) By Application: Passenger Vehicle, Commercial Vehicle, Motorcycle
4) By End-User: Automotive Service Providers, Fleet Operators, Individuals
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What Are the Current Market Trends in the Tire Balance Industry?
The key trends in the tire balance market are:
• Advanced balancing technologies are a key upcoming trend in the market.
• There is an increasing trend towards integration with tire pressure monitoring systems.
• The implementation of smart manufacturing and Industry 4.0 are rapidly reshaping the market.
• The adoption of artificial intelligence for dynamic balancing and remote diagnostics is a growing trend.
Who are the Key Companies in the Tire Balance Market?
Major players in the tire balance market are:
• 3M Company
• Snap-on Incorporated
• John Bean Technologies Corp.
• Shanghai Baolong Automotive Corp.
• Hunter Engineering Company
• WEGMANN automotive GmbH.
• Micro-Poise Measurement Systems LLC (AMETEK)
• Perfect Equipment Inc.
• Hebei Xinshitong Accessory Co. Ltd.
• Hennessy Industries Inc.
• Beissbarth GmbH
• Plombco Inc.
• Alpha Autoparts
• Ravaglioli S.p.A
• Hatco (HARTEC s.a.l)
• TECO Automotive Equipment
• Bharat Balancing Weightss Pvt. Ltd.
• Rotary Lift
• J.M. Maquinas Equipamentos
• CEMB-USA
• Sice Srl
• Corghi USA Inc.
• Hofmann Maschinen- und Anlagenbau GmbH
• Werther International SpA
• Aliner automotive Equipments Pvt. Ltd.
• Cangzhou Shengshiweiye Automobile Accessory Co. Ltd.
• Shanghai Balance Automotive Equipment Co. Ltd.
• Trax JH Ltd.
• Wurth USA Inc.
What are the Regional Trends Across the Tire Balance Market?
North America was the largest region in the tire balance market in 2024
