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Tire Balance Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5933966
The tire balance market size has grown strongly in recent years. It will grow from $1.39 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed during the historic period can be attributed to several factors, including the rise in automotive ownership, the expansion of the automotive aftermarket, the implementation of stringent vehicle safety standards, consumer demand for comfortable rides, and the globalization of supply chains in the automotive industry.

The tire balance market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period can be attributed to a heightened focus on fuel efficiency, an increasing adoption of telematics, government initiatives for road safety, the integration of predictive maintenance solutions, and customization tailored for performance vehicles. Major trends expected in the forecast period include the advancement of balancing technologies, integration with tire pressure monitoring systems, the incorporation of smart manufacturing and Industry 4.0 practices, the use of artificial intelligence (AI) for dynamic balancing, and the provision of remote diagnostics and monitoring services.

The anticipated surge in vehicle production is poised to be a driving force behind the expansion of the tire balance market in the foreseeable future. Vehicles, serving as transportation mechanisms propelled by engines, require meticulous maintenance, including tire balancing - a crucial process ensuring uniform weight distribution within tire and wheel assemblies. This balancing procedure significantly curtails vibrations and instabilities in vehicles, particularly during varied driving speeds. Notably, data from the Federal Reserve System in August 2023 highlighted a substantial uptick in US motor vehicle production, escalating from 10.25 million units in Q1 2023 to 11.29 million units in Q2 2023. Therefore, the escalating vehicle production stands as a catalyst for propelling the growth of the tire balance market.

The projected increase in tire production is expected to be a significant driver propelling the tire balance market's growth in the coming years. Tire production encompasses the manufacturing of pneumatic tires utilized across diverse vehicles, spanning cars, trucks, buses, and aircraft. The tire manufacturing process involves multiple stages, beginning from raw material sourcing to the final tire finishing. A surge in tire production directly corresponds to amplified demand for tire balancing services, attributed to the symbiotic relationship between the tire balance sector and automobile manufacturing. Additionally, it reflects the heightened maintenance needs of vehicle owners while prioritizing ride comfort and safety. For instance, a report by the Automotive Tire Manufacturers' Association (ATMA) in October 2022 showcased marked increases in passenger car tire production by 44% and truck/bus tire production by 25% between January and December 2021 compared to the previous year. This cumulative 24% growth in overall tire production during the same period substantiates the driving force behind the tire balance market's expansion.

A deceleration in tire demand is poised to potentially impede the growth trajectory of the market within the forecasted period. This slowdown, indicating a reduction in the rate of tire purchases or consumption, holds several implications for the tire balance sector, encompassing diminished sales figures, necessitating adept inventory management, heightened focus on maintenance services, and impacting the utilization of balancing equipment. Notably, data from the European Tire and Rubber Manufacturers Association in May 2023 indicated a noteworthy 12% annual decline in the demand for replacement consumer tires in the initial quarter of 2023. Consequently, this deceleration in tire demand stands as a hindrance to the advancement of the tire balance market.

Key players in the tire balance market are directing their efforts toward the development of automated and digital balancing solutions, notably exemplified by the introduction of 2-hit wheel balancers, aimed at augmenting performance, minimizing downtime, and expanding their customer base across diverse market segments. The 2-hit wheel balancer is meticulously designed to rectify imbalances in weight within vehicle wheels, ensuring a smoother and safer driving experience by detecting and correcting discrepancies. For instance, in November 2022, CEMB USA, a provider of wheel service equipment and tire machines in the United States, unveiled a new 2-hit wheel balancer explicitly tailored to streamline wheel balancing procedures, particularly beneficial for novice mechanics. This innovative balancer employs a two-hit technique to verify wheel measurements on the tire before relaying the data to the wheel balancer. Noteworthy features include laser matching, open plane balancing (OPB), LA sonar, and ALU-S balancing mode, enhancing precision. Additionally, the 2-hit system utilizes a line laser and laser spotter to indicate the ideal wheel placement for achieving optimal vehicle balance.

In January 2023, Sun Auto Tire & Service Inc., an automotive repair, maintenance, and tire service provider based in the United States, successfully completed the acquisition of Tire Outlet Holdings Inc. The financial specifics of this acquisition remain undisclosed. This strategic move by Sun Auto Tire & Service Inc. is aimed at synergizing with Tire Outlet Holdings Inc.'s corporate ethos and strategic goals, positioning the amalgamated entity optimally for continuous growth and achievement. Tire Outlet Holdings, Inc., a company based in the US, specializes in automotive wheel and tire balancing services, thus aligning well with the overarching objectives and operational focus of Sun Auto Tire & Service Inc.

Major companies operating in the tire balance market report 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.

North America was the largest region in the tire balance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tire balance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the tire balance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tire balance market consists of revenues earned by entities by providing services such as mounting and dismounting tires from wheels, measuring and identifying weight imbalances, and adjustments. The market value includes the value of related goods sold by the service provider or included within the service offering. The tire balance market also includes sales of balancing machines and balancing weights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary types of tire balance include clip-on and adhesive methods. The clip-on type involves attaching weights to the rim of a vehicle's wheel using clips. Clip-on tire balance weights are employed to fine-tune the balance of vehicle wheels, reducing vibrations and enhancing driving comfort. Tires are balanced through methods such as static balancing and dynamic balancing in various applications, including passenger vehicles, commercial vehicles, and motorcycles. End-users of tire balance services include automotive service providers, fleet operators, and individual vehicle owners.

The tire balance market research report is one of a series of new reports that provides tire balance market statistics, including tire balance industry global market size, regional shares, competitors with a tire balance market share, detailed tire balance market segments, market trends and opportunities, and any further data you may need to thrive in the tire balance industry. This tire balance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Tire Balance Market Characteristics3. Tire Balance Market Trends and Strategies
4. Tire Balance Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Tire Balance Market Size and Growth
5.1. Global Tire Balance Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Tire Balance Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Tire Balance Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Tire Balance Market Segmentation
6.1. Global Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Clip-on Type
  • Adhesive Type
6.2. Global Tire Balance Market, Segmentation by Balancing Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Static Balancing
  • Dynamic Balancing
6.3. Global Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Passenger Vehicle
  • Commercial Vehicle
  • Motorcycle
6.4. Global Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Automotive Service Providers
  • Fleet Operators
  • Individuals
7. Tire Balance Market Regional and Country Analysis
7.1. Global Tire Balance Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Tire Balance Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Tire Balance Market
8.1. Asia-Pacific Tire Balance Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Tire Balance Market
9.1. China Tire Balance Market Overview
9.2. China Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Tire Balance Market
10.1. India Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Tire Balance Market
11.1. Japan Tire Balance Market Overview
11.2. Japan Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Tire Balance Market
12.1. Australia Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Tire Balance Market
13.1. Indonesia Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Tire Balance Market
14.1. South Korea Tire Balance Market Overview
14.2. South Korea Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Tire Balance Market
15.1. Western Europe Tire Balance Market Overview
15.2. Western Europe Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Tire Balance Market
16.1. UK Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Tire Balance Market
17.1. Germany Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Tire Balance Market
18.5. France Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Tire Balance Market
19.9. Italy Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Tire Balance Market
20.13. Spain Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Tire Balance Market
21.1. Eastern Europe Tire Balance Market Overview
21.2. Eastern Europe Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Tire Balance Market
22.1. Russia Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Tire Balance Market
23.1. North America Tire Balance Market Overview
23.2. North America Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Tire Balance Market
24.1. USA Tire Balance Market Overview
24.2. USA Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Tire Balance Market
25.1. Canada Tire Balance Market Overview
25.2. Canada Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Tire Balance Market
26.1. South America Tire Balance Market Overview
26.2. South America Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Tire Balance Market
27.1. Brazil Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Tire Balance Market
28.1. Middle East Tire Balance Market Overview
28.2. Middle East Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Tire Balance Market
29.1. Africa Tire Balance Market Overview
29.2. Africa Tire Balance Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Tire Balance Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Tire Balance Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Tire Balance Market Competitive Landscape and Company Profiles
30.1. Tire Balance Market Competitive Landscape
30.2. Tire Balance Market Company Profiles
30.2.1. 3M Company
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Snap-on Incorporated
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. John Bean Technologies Corp.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Shanghai Baolong Automotive Corp.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Hunter Engineering Company
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Tire Balance Market Other Major and Innovative Companies
31.1. WEGMANN automotive GmbH.
31.2. Micro-Poise Measurement Systems LLC (AMETEK)
31.3. Perfect Equipment Inc.
31.4. Hebei Xinshitong Accessory Co. Ltd.
31.5. Hennessy Industries Inc
31.6. Beissbarth GmbH
31.7. Plombco Inc.
31.8. Alpha Autoparts
31.9. Ravaglioli S.p.a
31.10. Hatco (HARTEC s.a.l)
31.11. TECO Automotive Equipment
31.12. Bharat Balancing Weightss Pvt. Ltd.
31.13. Rotary Lift
31.14. J.M. Maquinas Equipamentos
31.15. CEMB-USA
32. Global Tire Balance Market Competitive Benchmarking33. Global Tire Balance Market Competitive Dashboard34. Key Mergers and Acquisitions in the Tire Balance Market
35. Tire Balance Market Future Outlook and Potential Analysis
35.1 Tire Balance Market in 2028 - Countries Offering Most New Opportunities
35.2 Tire Balance Market in 2028 - Segments Offering Most New Opportunities
35.3 Tire Balance Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Tire Balance Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on tire balance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for tire balance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:
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

Key Companies Mentioned: 3M Company; Snap-on Incorporated; John Bean Technologies Corp.; Shanghai Baolong Automotive Corp.; Hunter Engineering Company

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Methodology

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