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Tire and Wheel Handling Equipment Market Share

Report ID: GMI7230
Published Date: Oct 2023
Report Format: PDF

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Tire and Wheel Handling Equipment Market Share

The major enterprises dominating the competitive landscape of the tire and wheel handling equipment industry include:

Hunter Engineering Company
Bosch Automotive Service Solutions
Corghi
Ravaglioli
Rotary Lift
Hofmann
Coats (a Fortive Corporation Brand)
Mahle Service Solutions

Bosch Automotive Service Solutions holds the largest market share due to its focus on R&D to ensure that its equipment is at the forefront of technological advancements including automation, digitalization, and eco-friendly solutions. This makes the company a preferred choice among automotive service centers and OEM dealerships. Bosch's global reach and distribution network enable the company to provide its equipment to a wide range of markets and customers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for tire and wheel handling equipment was valued at USD 3.2 billion in 2022 and is projected to record a CAGR of over 4% between 2023 and 2032, backed by an increase in the production of vehicles including passenger cars, trucks, buses, and electric and autonomous cars.

The automotive OEM dealerships segment held majority market share of 31% in 2022 as they have a deep & direct connection with vehicle manufacturers and receive the latest equipment recommendations & specifications, which allows them to stay at the forefront of industry advancements.

North America tire and wheel handling equipment industry is witnessing robust growth due to high concentration of vehicle manufacturers, automotive service centers, and dealerships in the region.

Hunter Engineering Company, Bosch Automotive Service Solutions, Corghi, Ravaglioli, Rotary Lift, Hofmann, Coats (a Fortive Corporation Brand), and Mahle Service Solutions and many others.