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Global Wheel Balancer Market Research Report 2024
Synopsis
Wheel balancer is a device which can minimize the centrifugal force and the abnormal wear and tear of vehicle wheels. Wheel dynamic balance refers to the varying degrees centrifugal force in each direction when the wheel rotates. When dynamic balance the state is not good, centrifugal force of one direction is too large or too small, thus affecting the quality of, and it can easily cause a puncture or accidents after the tire mounted to the car. Therefore before the tires leave the factory or when repair and maintenance, wheel dynamic balance test should be carried out. And the testing tool is wheel balancer.
The global Wheel Balancer market was valued at US$ 786.5 million in 2023 and is anticipated to reach US$ 963 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
China is the largest market with about 45% market share. Europe is follower, accounting for about 30% market share.
The key players are Corghi, BOSCH, Snap-on, Hunter, Hennessy Industries, MAHA, CEMB, Cormach Srl, Ravaglioli, Giuliano, DALIQIBAO, Bright, Balancer, Sino-Italian Taida, Coseng, Anchor, Kwingtone etc. Top 3 companies occupied about 47% market share.
This report aims to provide a comprehensive presentation of the global market for Wheel Balancer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheel Balancer.
Report Scope
The Wheel Balancer market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wheel Balancer market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wheel Balancer manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Corghi
BOSCH
Snap-on
Hunter
Hennessy Industries
MAHA
CEMB
Cormach Srl
Ravaglioli
Giuliano
DALIQIBAO
Bright
Balancer
Sino-Italian Taida
Coseng
Anchor
Kwingtone
Segment by Type
Below 15 inches or less
15 inches to 24 inches
Above 24 inches
Segment by Application
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others
Production by Region
North America
Europe
China
Japan
Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wheel Balancer manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wheel Balancer by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wheel Balancer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Wheel balancer is a device which can minimize the centrifugal force and the abnormal wear and tear of vehicle wheels. Wheel dynamic balance refers to the varying degrees centrifugal force in each direction when the wheel rotates. When dynamic balance the state is not good, centrifugal force of one direction is too large or too small, thus affecting the quality of, and it can easily cause a puncture or accidents after the tire mounted to the car. Therefore before the tires leave the factory or when repair and maintenance, wheel dynamic balance test should be carried out. And the testing tool is wheel balancer.
The global Wheel Balancer market was valued at US$ 786.5 million in 2023 and is anticipated to reach US$ 963 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
China is the largest market with about 45% market share. Europe is follower, accounting for about 30% market share.
The key players are Corghi, BOSCH, Snap-on, Hunter, Hennessy Industries, MAHA, CEMB, Cormach Srl, Ravaglioli, Giuliano, DALIQIBAO, Bright, Balancer, Sino-Italian Taida, Coseng, Anchor, Kwingtone etc. Top 3 companies occupied about 47% market share.
This report aims to provide a comprehensive presentation of the global market for Wheel Balancer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheel Balancer.
Report Scope
The Wheel Balancer market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wheel Balancer market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wheel Balancer manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Corghi
BOSCH
Snap-on
Hunter
Hennessy Industries
MAHA
CEMB
Cormach Srl
Ravaglioli
Giuliano
DALIQIBAO
Bright
Balancer
Sino-Italian Taida
Coseng
Anchor
Kwingtone
Segment by Type
Below 15 inches or less
15 inches to 24 inches
Above 24 inches
Segment by Application
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others
Production by Region
North America
Europe
China
Japan
Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wheel Balancer manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wheel Balancer by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wheel Balancer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Wheel Balancer Market Overview
1.1 Product Definition
1.2 Wheel Balancer Segment by Type
1.2.1 Global Wheel Balancer Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Below 15 inches or less
1.2.3 15 inches to 24 inches
1.2.4 Above 24 inches
1.3 Wheel Balancer Segment by Application
1.3.1 Global Wheel Balancer Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 4S Shop
1.3.3 Repair Shop
1.3.4 Motor Vehicle Manufacturers
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Wheel Balancer Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Wheel Balancer Production Estimates and Forecasts (2019-2030)
1.4.4 Global Wheel Balancer Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Wheel Balancer Production Market Share by Manufacturers (2019-2024)
2.2 Global Wheel Balancer Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Wheel Balancer, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Wheel Balancer Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Wheel Balancer Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Wheel Balancer, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Wheel Balancer, Product Offered and Application
2.8 Global Key Manufacturers of Wheel Balancer, Date of Enter into This Industry
2.9 Wheel Balancer Market Competitive Situation and Trends
2.9.1 Wheel Balancer Market Concentration Rate
2.9.2 Global 5 and 10 Largest Wheel Balancer Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Wheel Balancer Production by Region
3.1 Global Wheel Balancer Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Wheel Balancer Production Value by Region (2019-2030)
3.2.1 Global Wheel Balancer Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Wheel Balancer by Region (2025-2030)
3.3 Global Wheel Balancer Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Wheel Balancer Production by Region (2019-2030)
3.4.1 Global Wheel Balancer Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Wheel Balancer by Region (2025-2030)
3.5 Global Wheel Balancer Market Price Analysis by Region (2019-2024)
3.6 Global Wheel Balancer Production and Value, Year-over-Year Growth
3.6.1 North America Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
3.6.5 Korea Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Wheel Balancer Production Value Estimates and Forecasts (2019-2030)
4 Wheel Balancer Consumption by Region
4.1 Global Wheel Balancer Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Wheel Balancer Consumption by Region (2019-2030)
4.2.1 Global Wheel Balancer Consumption by Region (2019-2024)
4.2.2 Global Wheel Balancer Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Wheel Balancer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Wheel Balancer Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Wheel Balancer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Wheel Balancer Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Wheel Balancer Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Wheel Balancer Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Wheel Balancer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Wheel Balancer Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Wheel Balancer Production by Type (2019-2030)
5.1.1 Global Wheel Balancer Production by Type (2019-2024)
5.1.2 Global Wheel Balancer Production by Type (2025-2030)
5.1.3 Global Wheel Balancer Production Market Share by Type (2019-2030)
5.2 Global Wheel Balancer Production Value by Type (2019-2030)
5.2.1 Global Wheel Balancer Production Value by Type (2019-2024)
5.2.2 Global Wheel Balancer Production Value by Type (2025-2030)
5.2.3 Global Wheel Balancer Production Value Market Share by Type (2019-2030)
5.3 Global Wheel Balancer Price by Type (2019-2030)
6 Segment by Application
6.1 Global Wheel Balancer Production by Application (2019-2030)
6.1.1 Global Wheel Balancer Production by Application (2019-2024)
6.1.2 Global Wheel Balancer Production by Application (2025-2030)
6.1.3 Global Wheel Balancer Production Market Share by Application (2019-2030)
6.2 Global Wheel Balancer Production Value by Application (2019-2030)
6.2.1 Global Wheel Balancer Production Value by Application (2019-2024)
6.2.2 Global Wheel Balancer Production Value by Application (2025-2030)
6.2.3 Global Wheel Balancer Production Value Market Share by Application (2019-2030)
6.3 Global Wheel Balancer Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Corghi
7.1.1 Corghi Wheel Balancer Corporation Information
7.1.2 Corghi Wheel Balancer Product Portfolio
7.1.3 Corghi Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Corghi Main Business and Markets Served
7.1.5 Corghi Recent Developments/Updates
7.2 BOSCH
7.2.1 BOSCH Wheel Balancer Corporation Information
7.2.2 BOSCH Wheel Balancer Product Portfolio
7.2.3 BOSCH Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BOSCH Main Business and Markets Served
7.2.5 BOSCH Recent Developments/Updates
7.3 Snap-on
7.3.1 Snap-on Wheel Balancer Corporation Information
7.3.2 Snap-on Wheel Balancer Product Portfolio
7.3.3 Snap-on Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Snap-on Main Business and Markets Served
7.3.5 Snap-on Recent Developments/Updates
7.4 Hunter
7.4.1 Hunter Wheel Balancer Corporation Information
7.4.2 Hunter Wheel Balancer Product Portfolio
7.4.3 Hunter Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Hunter Main Business and Markets Served
7.4.5 Hunter Recent Developments/Updates
7.5 Hennessy Industries
7.5.1 Hennessy Industries Wheel Balancer Corporation Information
7.5.2 Hennessy Industries Wheel Balancer Product Portfolio
7.5.3 Hennessy Industries Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Hennessy Industries Main Business and Markets Served
7.5.5 Hennessy Industries Recent Developments/Updates
7.6 MAHA
7.6.1 MAHA Wheel Balancer Corporation Information
7.6.2 MAHA Wheel Balancer Product Portfolio
7.6.3 MAHA Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.6.4 MAHA Main Business and Markets Served
7.6.5 MAHA Recent Developments/Updates
7.7 CEMB
7.7.1 CEMB Wheel Balancer Corporation Information
7.7.2 CEMB Wheel Balancer Product Portfolio
7.7.3 CEMB Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.7.4 CEMB Main Business and Markets Served
7.7.5 CEMB Recent Developments/Updates
7.8 Cormach Srl
7.8.1 Cormach Srl Wheel Balancer Corporation Information
7.8.2 Cormach Srl Wheel Balancer Product Portfolio
7.8.3 Cormach Srl Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Cormach Srl Main Business and Markets Served
7.7.5 Cormach Srl Recent Developments/Updates
7.9 Ravaglioli
7.9.1 Ravaglioli Wheel Balancer Corporation Information
7.9.2 Ravaglioli Wheel Balancer Product Portfolio
7.9.3 Ravaglioli Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Ravaglioli Main Business and Markets Served
7.9.5 Ravaglioli Recent Developments/Updates
7.10 Giuliano
7.10.1 Giuliano Wheel Balancer Corporation Information
7.10.2 Giuliano Wheel Balancer Product Portfolio
7.10.3 Giuliano Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Giuliano Main Business and Markets Served
7.10.5 Giuliano Recent Developments/Updates
7.11 DALIQIBAO
7.11.1 DALIQIBAO Wheel Balancer Corporation Information
7.11.2 DALIQIBAO Wheel Balancer Product Portfolio
7.11.3 DALIQIBAO Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.11.4 DALIQIBAO Main Business and Markets Served
7.11.5 DALIQIBAO Recent Developments/Updates
7.12 Bright
7.12.1 Bright Wheel Balancer Corporation Information
7.12.2 Bright Wheel Balancer Product Portfolio
7.12.3 Bright Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Bright Main Business and Markets Served
7.12.5 Bright Recent Developments/Updates
7.13 Balancer
7.13.1 Balancer Wheel Balancer Corporation Information
7.13.2 Balancer Wheel Balancer Product Portfolio
7.13.3 Balancer Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Balancer Main Business and Markets Served
7.13.5 Balancer Recent Developments/Updates
7.14 Sino-Italian Taida
7.14.1 Sino-Italian Taida Wheel Balancer Corporation Information
7.14.2 Sino-Italian Taida Wheel Balancer Product Portfolio
7.14.3 Sino-Italian Taida Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Sino-Italian Taida Main Business and Markets Served
7.14.5 Sino-Italian Taida Recent Developments/Updates
7.15 Coseng
7.15.1 Coseng Wheel Balancer Corporation Information
7.15.2 Coseng Wheel Balancer Product Portfolio
7.15.3 Coseng Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Coseng Main Business and Markets Served
7.15.5 Coseng Recent Developments/Updates
7.16 Anchor
7.16.1 Anchor Wheel Balancer Corporation Information
7.16.2 Anchor Wheel Balancer Product Portfolio
7.16.3 Anchor Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Anchor Main Business and Markets Served
7.16.5 Anchor Recent Developments/Updates
7.17 Kwingtone
7.17.1 Kwingtone Wheel Balancer Corporation Information
7.17.2 Kwingtone Wheel Balancer Product Portfolio
7.17.3 Kwingtone Wheel Balancer Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Kwingtone Main Business and Markets Served
7.17.5 Kwingtone Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Wheel Balancer Industry Chain Analysis
8.2 Wheel Balancer Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Wheel Balancer Production Mode & Process
8.4 Wheel Balancer Sales and Marketing
8.4.1 Wheel Balancer Sales Channels
8.4.2 Wheel Balancer Distributors
8.5 Wheel Balancer Customers
9 Wheel Balancer Market Dynamics
9.1 Wheel Balancer Industry Trends
9.2 Wheel Balancer Market Drivers
9.3 Wheel Balancer Market Challenges
9.4 Wheel Balancer Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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