Equipment optimization has led toward the development of compact, sophisticated products integrated with sensor-based applications for diagnosing real-time service escalation requirements.Read Report Summary: https://www.factmr.com/report/468/wheel-tire-service-equipment-marketManufacturers are now focusing on acquiring proper balance in product mix and placement for meeting expectations in demand and maintaining a competitive advantage.
However, lower uptake of services associated with wheels and tires, and the trend of adoption of do-it-yourself equipment are likely to restrain demand for wheel and tire service equipment.On the basis of equipment type, wheel alignment systems are likely to gain lion’s share of the market by 2026-end, in terms of value.
This is mainly because of penetration of computerized wheel alignment systems, which are completely automatic, highly accurate, precise and quick in operation.
In addition, manufacturers are focusing on the development of wheel alignment systems with properties such as protection in wheel clamping, user-friendly calibration and automatic self-check.For a deep-dive analysis of the competition landscape, request for the report customization at: https://www.factmr.com/connectus/sample?flag=RC_id=468In terms of value, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative market for wheel and tire service equipment, mainly driven by the robust expansion of the automotive sector in the region.
In addition, relatively less developed roadways in suburban as well as in various urban areas has led to higher prevalence of damage to vehicles in the region.
Europe will also remain a lucrative region for the market growth on the back of rapid technological advancements in the region’s automotive industry.Imperative assets of market players include brand image and penetration through state-of-the-art equipment.
