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Tire Changing Machines Market Size
Tire Changing Machines Market was valued at USD 504.1 million in 2022 and is predicted to expand at over 4.5% CAGR from 2023 to 2032. The increasing presence of commercial vehicles worldwide, driven by e-commerce, logistics, and urbanization, significantly fuels the market size of tire changing machines. In 2022, China accounted for a remarkable 80% of global electric bus sales and 85% of electric medium- and heavy-duty truck sales.
The growing popularity of recreational activities such as motorcycling has had a positive impact the market of tire changing machines. As more individuals engage in off-road adventures, road trips, and leisure riding, the demand for motorcycle tires has increased.
Report Attributes | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 504.1 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4.5% |
2032 Value Projection: | USD 789.0 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 373 |
Tables, Charts & Figures: | 622 |
Segments covered: | Machine Type, Vehicle Type, Distribution Channel, End User, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The high initial cost of tire changing machines presents a significant challenge in the market. Purchasing and installing these machines can be a substantial financial investment, especially for small or start-up businesses. The cost of entry deters some potential buyers, limiting market penetration. Additionally, ongoing maintenance and training expenses add to the overall expenditure. This cost barrier may hinder adoption, particularly for businesses with budget constraints or limited access to financing.
COVID-19 Impact
The COVID-19 pandemic negatively impacted the tire changing machines market in several ways. Lockdowns and economic uncertainties led to reduced automotive services and delayed equipment purchases. Automotive service centers experienced decreased foot traffic, affecting their investments in tire changing machinery. Supply chain disruptions also affected manufacturing and availability. Additionally, budget constraints in the wake of the pandemic led to postponements in upgrading or acquiring new tire changing equipment, resulting in a slowdown in the market.
Tire Changing Machines Market Trends
Advanced automation is an emerging trend in the tire changing machines industry, driven by the need for speed and precision. Robotic tire changers are becoming increasingly prevalent, capable of swiftly and accurately changing tires without manual intervention. This trend caters to the demand for quicker service in automotive workshops and reduces the risk of human errors. As the industry embraces industry 4.0, these automated machines can be integrated with IoT and AI technologies, offering enhanced efficiency, predictive maintenance, and seamless operations, making them a prominent market trend.
The integration of tire sensors is an emerging trend in the tire changing machines market. With the increasing prevalence of Tire Pressure Monitoring Systems (TPMS) and other sensor technologies in vehicles, they are being modified to handle tires equipped with these sensors. This integration streamlines the tire changing process, ensuring that sensors are not damaged during the service. It is essential for modern automotive service providers to accommodate the evolving technology, and the trend aligns with the growing demand for comprehensive and technologically advanced tire changing solutions.
Tire Changing Machines Market Analysis
Based on machine type, the fully automatic tire changing machines segment is poised to grow at a CAGR of around 3% through 2032. As the demand for efficient and quick tire changing services is increasing, automotive service providers have started investing in automated solutions to enhance customer experience. Additionally, the integration of technologies such as robotics and AI into fully automatic machines aligns with the industry's move toward greater automation. This trend ensures better productivity and is likely to drive the expansion of the fully automatic tire changing machines segment in the market.
Based on end user, the automotive service centers segment was worth USD 200 million in 2022.As the automotive industry is expanding globally, the demand for tire maintenance and replacement services has also increased, fostering the need for efficient & advanced tire changing equipment. Moreover, the trend toward more frequent tire maintenance, preventive care, and the shift toward electric and hybrid vehicles amplifies the role of service centers, promoting the adoption of specialized tire changing machines.
Asia Pacific region held approximately 40% of the tire changing machines market share in 2022. Rapid urbanization, industrialization, and an expanding automotive sector are driving the demand for tire changing equipment in commercial, residential, and industrial applications. Additionally, increased awareness of vehicle maintenance and safety, coupled with the emergence of advanced automotive technologies, will foster the need for modernized tire service solutions.
Tire Changing Machines Market Share
The major players operating in the tire changing machines industry are:
- Alpina Tyre Group Co., Ltd.
- Bosch Automotive Service Solutions
- Corghi S.p.A.
- Giuliano Group
- Hofmann Megaplan
- Hunter Engineering Company
- Ravaglioli S.p.A.
- SICE (SAE)
- Snap-on Incorporated
- Twin Busch GmbH
Bosch Automotive Service Solutions and Hunter Engineering Company are dominant players, holding over 8% market share in 2022 in global market. Bosch offers a comprehensive range of advanced equipment, from tire changers to wheel balancers, known for their precision and reliability. Hunter Engineering specializes in cutting-edge tire changing technology, with a strong focus on innovations and efficiency. Their combined expertise, global presence, and commitment to quality have positioned them as dominant players in the tire changing machines business, catering to diverse customer needs worldwide.
Tire Changing Machines Industry News
- In January 2023, Michigan-based startup RoboTire installed its fourth-generation tire changing machines at Creamery Tire, a tire service center in Pennsylvania. RoboTire's advanced automation technology enhanced the tire changing process, optimizing efficiency and service quality at the locally owned tire centers, showcasing the growing integration of robotics into automotive maintenance services.
This market research report on tire changing machines includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD million) and volume (Units) from 2018 to 2032, for the following segments:
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By Machine Type
- Manual tire changing machines
- Semi-automatic tire changing machines
- Fully automatic tire changing machines
By Vehicle Type
- Passenger cars
- Light commercial vehicles
- Heavy-duty vehicles
- Motorcycles
- Others
by Distribution Channel
- Direct sales
- Distributors and dealers
- Online retailers
By End-User
- Automotive service centers
- Vehicle dealerships
- Commercial fleets
- Repair shops
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
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