Auto Manufacturers under Application Type Contributes 37.6% of Market Share In Global Sales Of CCD Wheel Aligners
Long
suspension life, decreased wear and tear, and lower maintenance costs are the
major considerations for the vehicle's owner. The vehicle's maintenance plan
has been changed, with wheel alignment being one of the essential chores. The
use of modern wheel alignment equipment has increased as people become more
aware of the need of correct vehicle alignment and the negative consequences of
faulty alignment.
Vehicle
manufactures recommend that vehicle owners schedule wheel alignment checks
twice a year, depending on the frequency of driving. Due to the high workload,
maintaining wheel alignment nearly three times a year becomes critical for
large trucks. CCD wheel aligners, for example, perform alignment procedures
with more accuracy and in less time.
For More Insights into the Market, Request
a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=528
CCD wheel
aligners provide a thorough 360-degree evaluation of conventional undercarriage
and alignment values. Furthermore, they are appropriate for every vehicle type,
from passenger cars to big equipment. According to Fact.MR, global CCD
wheel aligner output is estimated to exceed 774 thousand units
by the conclusion of the assessment year. CCD wheel aligner manufacturing is
predicted to expand at a 4.2 % between 2017 and 2026.
|
Report
Attributes |
Details |
|
Base Year
Value (2021A) |
USD 3.4
Billion |
|
Estimated
Year Value (2022E) |
USD 3.6
Billion |
|
Projected
Year Value (2032F) |
USD 5.7
Billion |
|
Global
Growth Rate (2022-2032) |
CAGR 4.7% |
|
Europe
Market Share in 2021 |
~23.4% |
|
Europe
Growth Rate (2022-2032) |
CAGR 5.1% |
|
Collective
Value Share (US, Germany, China) 2022: Top 3 Countries |
~35% |
|
Top 5
Companies Market Share in 2021 |
~18% |
|
Key
Companies Profiled |
|
Request More Information about Report
Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=528
Europe will continue to be a dominant
region due to the widespread use of 6-Camera CCD Wheel Aligners.
Since a few
years, CCD wheel aligners have acquired some interest. In comparison to other
locations, penetration of CCD wheel alignment technology has been significant
in Europe and APEJ (Asia Pacific Excluding Japan). The sale of CCD wheel
aligners in Europe is predicted to expand at a rapid pace, reaching US$ 1.2
billion by the end of the evaluation year, allowing Europe to maintain its
dominance. However, APEJ is expected to have greater CCD wheel aligner output
due to an expanding number of manufacturers entering the market and APEJ's
significant business potential.
Because of
its great precision and short operational time, 6 camera CCD wheel aligners are
becoming more popular in European and Asian nations. In comparison to 8 camera
CCD wheel aligners, 6 camera wheel aligners are a low-cost and generally
accepted technology, with a 5.0 % adoption rate expected to generate large
revenues in the next years.
High labour costs and a scarcity of skilled
labour will pose challenges to the market.
The cost of
making CCD wheel aligners has risen as the utilisation and inclusion of new
technology has increased. This has influenced the usage of CCD wheel aligners
in small garages and vehicle manufacturers. The majority of these end users
rely on traditional aligners to perform wheel alignment. Furthermore, a
shortage of experienced workers to operate CCD wheel alignment devices is a
barrier to CCD wheel aligner sales. This issue is more prevalent in emerging
economies than in industrialised economies. Manufacturers of CCD wheel
alignment machines, on the other hand, have begun to promote their products as
cost effective, with minimal maintenance, and as one-time investment equipment.
For In-Depth Competitive Analysis, Buy now:
https://www.factmr.com/checkout/528
Few Other Segmental Insights
- Sale of CCD wheel aligners in
garages is expected to showcase low revenue generation as compared to auto
manufacturers. Auto manufacturers are relatively well equipped owing to
higher investment strength than garages. However, garages are expected to
pick up speed with growing popularity of CCD wheel aligners in the coming
years
- Use of CCD wheel aligners for road
vehicles is estimated to generate larger sales than off road vehicles. By
2026 end, sales revenue generated from road vehicle wheel alignment is
expected to touch more than US$ 2.5 Bn
Global CCD Wheel Aligners Market by
Category
By Product Type :
o 6-Camera
o 8-Camera
By Vehicle Type :
o Road
Vehicles
o Off-Road
Vehicles
By Application :
o Garage
o Auto
Manufacturers
o Tire
Manufacturers
* This article was originally published here
No comments