3D Wheel Aligners Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2026
The global agricultural biologicals market size was valued at USD 98.7 Million in 2020 and it is expected to reach USD 127.1 Million by 2026, expanding at a CAGR of 4.3%, according to a new report by Facts & Factors.
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3D wheel aligners are mechanical systems that regulate the position of a wheel by using a camera array with optimal and precise camber and inclination positions depending on the type of vehicle for perfect wheel alignment. Properly aligned tires can reduce tire wear, provide better ride quality, improve vehicle self-centering, and improve steering conditions.
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Increased demand for automobiles naturally leads to an increase in the 3D wheel aligner market. Improper wheels can cause irreversible damage to the wheel hub and adjoining components, resulting in a lower blue book value for a vehicle. Furthermore, technological advancements in the sector make balancing and maintaining such devices a simple task, resulting in market growth during the forecast period.
Key Market Players:
Yingkou Hanway Technology Co Ltd., Shenzhen 3Excel Tech Co Ltd., Corghi S.p. A, Hunter Engineering Company, and Yantai Haide Science & Technology are among the major players in the global 3D wheel aligners market.
On the basis of product type, the global 3D wheel aligners market can be classified as 2-camera, 3-camera, 4-camera, 5-camera, and 6-camera. Due to an optimal price point in terms of features, 4D camera 3D wheel aligners are expected to hold the largest market share during the forecast.
On the basis of mounting type, the global 3D wheel aligners market is divided into auto boom, lift version, pit version, and wall mount. Initially, most 3D wheel aligners were integrated with the pit version mounting method. However, the auto boom segment is expected to have the highest market growth due to technological advancements and added features.
- Asia Pacific is expected to be the region’s fastest-growing market.
The Asia-Pacific region is expected to have the highest market share during the forecast period due to a massive boom in the region’s automobile sector. Furthermore, China is by far the world’s largest contributor in terms of both automobile production and procurement. This creates a huge market opportunity for 3D wheel aligners in the region.
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By Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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