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Wheel Balancing Market Share

Report ID: GMI7203
Published Date: Oct 2023
Report Format: PDF

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Wheel Balancing Market Share

The major companies operating in the wheel balancing industry are-

Hunter Engineering Company
Snap-on Incorporated
Robert Bosch GmbH
3M
Corghi S.p.A.
ravaglioli.com
BendPak Holdings LLC.

Hunter Engineering Company dominates the market owing to its consistent commitment to innovations and precision. The company offers a comprehensive range of advanced wheel balancing equipment with cutting-edge technology, providing accuracy and speed. Its customer-focused approach, extensive support network, and user-friendly solutions have earned the trust of automotive service providers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of wheel balancing reached USD 2.4 billion in 2022 and is set to witness 3% CAGR between 2023 and 2032, due to increasing vehicle ownership and usage.

The aftermarket segment held around 60% market share in 2022, as with the expanding vehicle fleet, including both conventional and EVs, the demand for wheel balancing solutions in the automotive aftermarket also rises.

Asia Pacific market accounted for a revenue of USD 0.92 billion in 2022, attributed to this expansion include a rising middle-class population, increased vehicle ownership, and greater mobility demands.

Hunter Engineering Company, Snap-on Incorporated, Robert Bosch GmbH, 3M, Corghi S.p.A., ravaglioli.com, and BendPak Holdings LLC.