Tire and Wheel Handling Equipment Market Size & Share, By Equipment Type (Wheel Balancer, Tire Changer, Tire Inflator, Wheel Alignment Systems, Lifting Equipment), Vehicle Type (Two Wheelers, Passenger Vehicle, Commercial Vehicle), End User, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Tire and Wheel Handling Equipment Market crossed USD 3.35 Billion in 2023 and is predicted to reach USD 4.81 Billion by end of the year 2032, growing at over 4.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 3.35 Billion
• CAGR (2024-2032): 4.1%
• Forecast Year Value (2032): USD 4.81 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The Tire and Wheel Handling Equipment Market is expected to witness significant growth due to increasing demand for automation and technological advancements in manufacturing processes. The rising need for efficiency and productivity in the tire and wheel handling industry is driving the adoption of advanced equipment and machinery. Moreover, the growing automotive industry worldwide is also fueling the demand for tire and wheel handling equipment, as manufacturers strive to meet the increasing production requirements.

Report Scope

Report Coverage	Details
Segments Covered	Equipment Type, Vehicle Type, And End User
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Hunter Engineering Company, Bosch Automotive Service Solutions, Corghi, Ravaglioli, Rotary Lift, Hofmann, Coats (a Fortive Brand), Unite Automotive Equipment, ESCO (Equipment Supply Company), Mahle Service Solutions, Cemb, Nussbaum Automotive Solutions, GEGO Equipment, Atlas Auto Equipment, BendPak, Giuliano Industrial S.p.A, DQ Manufacturing, Tuxedo Distributors, LLC, Branick Industries Shanghai Balance Automotive Equipment

Industry Restraints:

The regulatory challenges and compliance issues pose a major restraint for the Tire and Wheel Handling Equipment Market. Stringent regulations regarding safety standards and environmental concerns are forcing manufacturers to invest in costly upgrades and modifications to their equipment, which could hinder market growth. Additionally, the high initial investments required for purchasing and installing tire and wheel handling equipment may also act as a restraint for small and medium-sized enterprises looking to enter the market.

Regional Forecast:

North America:

The Tire and Wheel Handling Equipment market in North America is expected to witness significant growth due to the presence of leading automotive manufacturers in the region, such as General Motors, Ford, and Fiat Chrysler. The United States and Canada are the major markets in North America, with a high demand for advanced tire and wheel handling equipment to improve efficiency and productivity in the automotive manufacturing sector.

Tire and Wheel Handling Equipment Market in Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are witnessing a surge in demand for tire and wheel handling equipment, driven by the increasing production and sales of vehicles in the region. China, in particular, is a key market for tire and wheel handling equipment due to its status as the largest automotive market in the world. Japanese and South Korean automotive manufacturers are also investing in advanced tire and wheel handling equipment to enhance their production processes.

Tire and Wheel Handling Equipment Market in Europe:

In Europe, countries such as the United Kingdom, Germany, and France are prominent markets for tire and wheel handling equipment. The automotive industry in these countries is known for its high production standards and quality requirements, leading to a growing need for innovative tire and wheel handling equipment. Manufacturers in Europe are focusing on adopting automated solutions to streamline their tire and wheel handling processes and cater to the increasing demand for vehicles in the region.

Segmentation Analysis:

In terms of segmentation, the global Tire and Wheel Handling Equipment market is analyzed on the basis of Equipment Type, Vehicle Type, And End User.

Tire and Wheel Handling Equipment Market

Wheel Balancer: The wheel balancer segment in the tire and wheel handling equipment market is expected to witness substantial growth due to the increasing demand for precision balancing of wheels to ensure smooth and safe driving experience. Automotive workshops and tire service centers are major end users of wheel balancers to eliminate vibrations and improve tire wear.

Tire Changer: The tire changer segment is anticipated to grow significantly as the need for quick and efficient tire changing services rises with the increasing number of vehicles on the road. Tire changers help in replacing tires swiftly, enhancing the overall performance and safety of vehicles. This equipment is widely used by commercial vehicle owners and fleet services.

Tire Inflator: The tire inflator segment is projected to witness steady growth as regular tire inflation is crucial for maintaining optimal tire pressure and ensuring fuel efficiency. With the rising awareness about the importance of tire pressure on vehicle performance and safety, the demand for tire inflators is expected to increase across various end user segments.

Wheel Alignment Systems: The wheel alignment systems segment is likely to experience substantial growth owing to the need for precise alignment to prevent uneven tire wear and ensure proper handling of vehicles. Automotive repair shops, dealerships, and fleet operators are major end users of wheel alignment systems to enhance vehicle performance and safety.

Lifting Equipment: The lifting equipment segment is expected to grow steadily as the need for efficient and safe lifting of vehicles for tire and wheel maintenance purposes escalates. Lifting equipment such as hydraulic jacks and scissor lifts are essential tools in automotive service centers and workshops for quick and hassle-free maintenance operations.

Vehicle Type Analysis

Two Wheelers: The two wheelers segment in the tire and wheel handling equipment market is projected to witness steady growth due to the increasing sales of motorcycles and scooters globally. Tire and wheel maintenance equipment such as tire changers and wheel balancers are essential for ensuring safe and smooth riding experience for two-wheeler owners.

Passenger Vehicle: The passenger vehicle segment is expected to dominate the tire and wheel handling equipment market as passenger cars constitute a significant portion of the global vehicle fleet. Efficient tire changers, wheel balancers, and other equipment are essential for maintaining the performance and safety of passenger vehicles, driving the demand for such equipment.

Commercial Vehicle: The commercial vehicle segment is anticipated to witness robust growth in the tire and wheel handling equipment market as commercial vehicles undergo frequent tire and wheel maintenance due to extensive usage. Proper tire inflators, wheel alignment systems, and lifting equipment are essential for fleet operators and trucking companies to ensure smooth operations and safety of their vehicles.

End User Analysis

The end user segment in the tire and wheel handling equipment market includes automotive workshops, tire service centers, dealerships, fleet operators, and others. These end users rely on tire and wheel handling equipment for efficient maintenance and repair operations to enhance vehicle performance and safety. The demand for advanced equipment such as wheel alignment systems and lifting equipment is expected to increase among end users seeking to optimize their maintenance processes and ensure customer satisfaction.

Competitive Landscape:

The competitive landscape in the Tire and Wheel Handling Equipment Market is characterized by a mix of established players and emerging companies, all vying for market share in a rapidly evolving environment. Key industry participants are increasingly focusing on innovation and technological advancements to enhance product efficiency and safety, resulting in a diverse range of offerings from automated solutions to manual equipment. The market is driven by rising automotive production, an increase in tire recycling activities, and growing demand for commercial vehicles. Strategic partnerships, acquisitions, and mergers are common tactics among competitors to expand their geographic footprint and improve product portfolios. Additionally, the emphasis on sustainability and environmentally friendly practices is pushing companies to develop more eco-conscious equipment, creating further competitive advantages.

Top Market Players

- Atlas Copco

- CEMB

- COATS

- Hunter Engineering

- Solideal

- Snap-on Incorporated

- TCE

- Tire tools

- Tyre Maintenance Equipment

- Wheel and Tire Industries