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Tire and Wheel Handling Equipment Market Trends

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

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Tire and Wheel Handling Equipment Market Trends

To meet the demands of the modern automotive industry, automation & robotics have become pivotal in enhancing efficiency, accuracy, and safety in tire and wheel handling processes. Automated tire changers, wheel balancers, and alignment systems are increasingly becoming prevalent, reducing the manual labor required for these tasks. Robotic arms and systems can precisely handle heavy tires and wheels, improving the safety of technicians while ensuring that tires are mounted and balanced with utmost precision. This trend increases the speed & consistency of servicing and addresses the skills gap in the industry by allowing less-experienced technicians to perform complex tasks with greater ease. Automation and robotics enable remote monitoring & control, facilitating predictive maintenance and minimizing downtime.

For instance, in June 2023, RoboTire launched a tire-changing system that uses a robot-mounted 3D vision system from Zivid, which enables the robot to handle tires, rims, and vehicles. The Zivid 2 3D camera mounted on the robot captures the scene with acute visual detail and depth, and RoboTire's advanced AI algorithms make the system fully autonomous and adaptable to all types of vehicles it encounters.

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.