Automotive Wheel Alignment Services Market Size, Trends Analysis (2024)

Automotive Wheel Alignment Services Market Size

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Automotive Wheel Alignment Services Market Analysis

The size of the global automotive wheel alignment services market is estimated to be USD 2,259.9 million in 2024, and it is expected to reach USD 2,769.7 million by 2030, advancing at a CAGR of 3.4% over the forecast period (2024–2030). This can be ascribed to the advancements in the tire alignment technology, increasing vehicle sales, rising disposable income in emerging economies, rampant urbanization, and burgeoning awareness of people on the various aspects that affect the overall vehicle performance.

Wheel alignment has a great influence on the running efficiency of a vehicle as it is related to the angle and direction at which the tires contact the road. During manufacturing, the OEM chooses the specific alignment for each model and make.

As the wheels and suspensions are exterior components, their optimum alignment, as preset by the manufacturer, is disturbed periodically. Wheels become misaligned due to sudden disturbances encountered on roads, such as when hitting a curb or pothole or driving too fast over speed breakers. This leads to a poor driving experience, mishandling, and even accidents, in severe cases. Hence, regular wheel alignment has gained significant interest among vehicle owners and fleet managers, to maintain the vehicles’ longevity and reduce the risk of mishaps on the road.

Automotive Wheel Alignment Services Market Trends & Drivers

Technological Developments Are Biggest Market Trends

• The automobile industry has been on a boom since COVID-19, and advanced technologies, such as ADAS and cruise control, are gaining increasing traction. Additionally, countries are witnessing economic growth and a rise in the purchasing power of people. With this, an increasing number of automobiles are selling around the world.
• Wheel alignment services have also evolved, with CCD and 3D simulation technologies being used to arrive at the perfect alignment. This technology uses sensors and cameras to capture real-time images of wheels' positions, allowing more-accurate and less-labor-intensive measurements.

Growing Emphasis on Regular Repairs Drives Market

• With people’s increasing focus on quality and the intensifying competition among OEMs, the industry is manufacturing long-lasting vehicles with durable components. Additionally, they now emphasize regular maintenance to enhance the longevity of vehicles further.
• Moreover, regular maintenance is even more crucial for multi-purpose vehicles (MPVs), sports-utility vehicles (SUVs), pickup trucks, and crossovers as they are used for long-distance travel on difficult terrains.
• Fleet operators also get their vehicles repaired regularly, to keep the downtime as short as possible and keep the maximum number of automobiles on the roads for their intended purposes.
• Automobile manufacturers as well as tire manufacturers provide realignment services for wheels, as part of which they test the camber, caster, and toe angles to fix the operational disbalances in wheels caused by poor road conditions and driving habits. The ultimate idea is to provide an overall great driving experience to vehicle owners.

High Investment and Technical Complexity Hamper Market Advance

• Wheel alignment systems are costly, and they themselves require regular maintenance and upgradation in software, so that the increasing complexity of the vehicle design can be accommodated.
• For garages providing car wash and other maintenance activities, purchasing wheel alignment machinery can be quite expensive and erode their profit margins.
• It requires technically sound professionals to carry out the alignment process, which, in turn, necessitates spending handsomely on proper training and salaries.

Automotive Wheel Alignment Services Market Outlook

Vehicle Type Insights

• The passenger vehicles category holds the larger, share of 70%, in 2024. The automobile industry continues to be shaped by technological innovations, especially the introduction of safety-focused features, such as cruise control and ADAS. At the same time, the demand for luxury and premium vehicles is increasing due to a rise in the purchasing power of people.
• People now want more comfort and an overall better driving experience, which is pushing OEMs and aftermarket entities to give wheel alignment serious thought.

The vehicle type segment is categorized as follows:

• Passenger Vehicles (Larger and Faster-Growing Category)
• Commercial Vehicles

Product Type Insights

• Imaging is the larger category, holding a share of 75% in 2024. It will also be the fastest growing category, at a CAGR of 3.6% during 2024–2030. Its higher accuracy enables this system to analyze misalignment more accurately, thereby saving costs.

The following product types are considered in the report:

• Imaging (Larger and Faster-Growing Category)
• Diagnostic

Mobility Type Insights

• The fixed category holds the larger share, of 65%, in 2024. This is the conventional wheel alignment technology, which is efficient in measuring different angles and the wheel spinning speed. The majority of the wheel alignment service providers use this technology.
• Portable is the fastest-growing category, at a CAGR of 3.7% during 2024–2030. Traditionally, large mechanical systems were required for the process, but with these smaller and modern systems, the realignment can be done without mounting it on a particular platform. It also requires less space and room than conventional systems.

Wheel alignment services on the basis of mobility are categorized as -

• Fixed (Larger Category)
• Portable (Faster-Growing Category)

Technology Insights

• Camera-based is the largest category, holding a share of 50% in 2024. A technology introduced in the early 90s, it is capable of accurately measuring the angles, as the sensors are directly placed on the wheels. It is widely accepted among OEMs and garages due to its accuracy and simplicity.
• The 3D category is expected to witness the highest CAGR, of 3.8%, during 2024–2030. This technology incorporates advanced cameras and sensors to create a 3D model of the wheels as they are aligned. It provides a detailed view of the toe, camber, and caster angles and allows mechanics to spot the slightest disturbance in alignments with great accuracy and efficiency.

The technology segment has the following categories

• 3D Imaging (Fastest-Growing Category)
• Laser
• Camera-Based (Largest Category)

Service Provider insights

• OEMs is dominating the market, with a share of 45%, in 2024. They will also witness the highest CAGR, of 3.9%, during 2024–2030. OEMs have adequate infrastructure and in-house machinery for operational and quality testing, which make them preferable among vehicle owners.
• Franchisee-based service providers and independent garages suffer due to the lack of advanced technology and trained technicians.

The following service providers have been covered in the report:

• OEMs (Largest and Fastest-Growing Category)
• Authorized dealerships
• Tire manufacturers
• Franchisees
• Others

North America Is Largest Region

• North America holds the largest regional market share, of 55%, in 2024. This is due to the early advancement of the automobile industry, as well as the specific regulations regarding vehicle operations and maintenance in the U.S. and Canada.
• Many key automobile players and tire manufacturers are firmly established in North America. They are continuously investing in research and development and launching new products and services.
• Asia-Pacific is the fastest-growing region, advancing at a CAGR of 4.0% during 2024–2030. This is due to the development of the automobile industry with several OEMs starting to manufacture here due to the low cost of labor and raw materials.
• The region is witnessing economic growth, thereby allowing people to spend more on automobiles and other luxuries than ever. People are also becoming increasingly aware of the optimal vehicle operating parameters and their effect on driving performance, safety, comfort, mileage, and GHG emissions.

The regions and countries analyzed in this report include:

• North America (Largest Regional Market)
  • U.S. (Larger and Faster-Growing Country Market)
  • Canada
• Europe
  • U.K.
  • Germany (Largest and Fastest-Growing Country Market)
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC) (Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • Japan
  • India (Fastest-Growing Country Market)
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest and Fastest-Growing Country Market)
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Largest Country Market)
  • South Africa
  • U.A.E. (Fastest-Growing Country Market)
  • Rest of MEA

Market Concentration - Fragmented

The global automotive wheel alignment services market is fragmented and intensely competitive due to the presence of major key players. OEMs, tire manufacturers, and independent aftermarket entities offer these services, which is primarily responsible for the high fragmentation in this space.

In an effort toward consolidation, the market is witnessing several acquisitions, partnerships, and mergers and acquisitions among the market players. New products with portable designs are being launched, as companies seek to target customers in new ways.

Market players are offering precise and high-quality alignment analyzers that can check the toe, camber, and caster angles and adjust the alignment to the industry specifications or as preset by the automobile manufacturer.

Automotive Wheel Alignment Services Market News

• In January 2023, during Autoexpo India 2023, ATS ELGI introduced two new products, Velox, a contactless wheel aligner; and Spectrum 4C, a high-precision 3D wheel aligner.
• In July 2021, JK Tyres partnered with Ki Mobility Solutions to provide 24x7 service assistance and increase its brand portfolio.
• In September 2020, Bridgestone India announced tire replacement and services.

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