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Wheel Weight-Global Market Insights and Sales Trends 2024

Wheel Weight-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1826250

No of Pages : 117

Synopsis
Wheel Weight also referred to as tire balance, describes the distribution of mass within an automobile tire or the entire wheel (including the rim) to which it is attached.
When the wheel rotates, asymmetries of mass may cause it to hop or wobble, which can cause ride disturbances, usually vertical and lateral vibrations. It can also result in a wobbling of the steering wheel or of the entire vehicle. Vehicle suspensions can become excited by unbalance forces when the speed of the wheel reaches a point that its rotating frequency equals the suspension’s resonant frequency.
Tires are balanced in factories and repair shops by two methods: static balancers and dynamic balancers. Static imbalance is caused by a difference of weight over the whole plane of the wheel. Dynamic imbalance means a difference of weight outside the plane of the wheel. In order to reach a perfect balance, both imbalances must be corrected.
Tires with high unbalance forces are downgraded or rejected. When tires are fitted to wheels at the point of sale, they are measured again on a balancing machine, and correction weights are applied to counteract the combined effect of the tire and wheel unbalance. After sale, tires may be rebalanced if driver perceives excessive vibration.
The global Wheel Weight market size is expected to reach US$ 747.4 million by 2029, growing at a CAGR of 1.4% from 2023 to 2029. The market is mainly driven by the significant applications of Wheel Weight in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Wheel Weight market. Clip-On Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Adhesive Type segment is estimated at % CAGR for the next seven-year period.
Market competition is not intense. WEGMANN, Plombco, TOHO KOGYO, Hennessy and Shengshi Weiye, etc. are the leaders of the industry, with about 42% market shares. Asia Pacific is the largest consumption place, with a consumption market share nearly 50%. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 22%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wheel Weight, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wheel Weight market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wheel Weight market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wheel Weight sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wheel Weight covered in this report include WEGMANN, Plombco, TOHO KOGYO, Hennessy, Shengshi Weiye, 3M, Trax JH Ltd, Baolong and Jiangyin Yinxinde, etc.
The global Wheel Weight market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
WEGMANN
Plombco
TOHO KOGYO
Hennessy
Shengshi Weiye
3M
Trax JH Ltd
Baolong
Jiangyin Yinxinde
HEBEI XST
Yaqiya
Wurth USA
Alpha Autoparts
Holman
Hatco
Bharat Balancing Weightss
HEBEI FANYA
Global Wheel Weight market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wheel Weight market, Segment by Type:
Clip-On Type
Adhesive Type
Global Wheel Weight market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wheel Weight manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wheel Weight in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Wheel Weight Market Overview
1.1 Wheel Weight Product Overview
1.2 Wheel Weight Market Segment by Type
1.2.1 Clip-On Type
1.2.2 Adhesive Type
1.3 Global Wheel Weight Market Size by Type
1.3.1 Global Wheel Weight Market Size Overview by Type (2018-2029)
1.3.2 Global Wheel Weight Historic Market Size Review by Type (2018-2023)
1.3.3 Global Wheel Weight Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Wheel Weight Sales Breakdown by Type (2018-2023)
1.4.2 Europe Wheel Weight Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Wheel Weight Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Wheel Weight Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Wheel Weight Sales Breakdown by Type (2018-2023)
2 Global Wheel Weight Market Competition by Company
2.1 Global Top Players by Wheel Weight Sales (2018-2023)
2.2 Global Top Players by Wheel Weight Revenue (2018-2023)
2.3 Global Top Players by Wheel Weight Price (2018-2023)
2.4 Global Top Manufacturers Wheel Weight Manufacturing Base Distribution, Sales Area, Product Type
2.5 Wheel Weight Market Competitive Situation and Trends
2.5.1 Wheel Weight Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Wheel Weight Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Wheel Weight as of 2022)
2.7 Date of Key Manufacturers Enter into Wheel Weight Market
2.8 Key Manufacturers Wheel Weight Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Wheel Weight Status and Outlook by Region
3.1 Global Wheel Weight Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Wheel Weight Historic Market Size by Region
3.2.1 Global Wheel Weight Sales in Volume by Region (2018-2023)
3.2.2 Global Wheel Weight Sales in Value by Region (2018-2023)
3.2.3 Global Wheel Weight Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Wheel Weight Forecasted Market Size by Region
3.3.1 Global Wheel Weight Sales in Volume by Region (2024-2029)
3.3.2 Global Wheel Weight Sales in Value by Region (2024-2029)
3.3.3 Global Wheel Weight Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Wheel Weight by Application
4.1 Wheel Weight Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Commercial Vehicle
4.2 Global Wheel Weight Market Size by Application
4.2.1 Global Wheel Weight Market Size Overview by Application (2018-2029)
4.2.2 Global Wheel Weight Historic Market Size Review by Application (2018-2023)
4.2.3 Global Wheel Weight Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Wheel Weight Sales Breakdown by Application (2018-2023)
4.3.2 Europe Wheel Weight Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Wheel Weight Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Wheel Weight Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Wheel Weight Sales Breakdown by Application (2018-2023)
5 North America Wheel Weight by Country
5.1 North America Wheel Weight Historic Market Size by Country
5.1.1 North America Wheel Weight Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Wheel Weight Sales in Volume by Country (2018-2023)
5.1.3 North America Wheel Weight Sales in Value by Country (2018-2023)
5.2 North America Wheel Weight Forecasted Market Size by Country
5.2.1 North America Wheel Weight Sales in Volume by Country (2024-2029)
5.2.2 North America Wheel Weight Sales in Value by Country (2024-2029)
6 Europe Wheel Weight by Country
6.1 Europe Wheel Weight Historic Market Size by Country
6.1.1 Europe Wheel Weight Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Wheel Weight Sales in Volume by Country (2018-2023)
6.1.3 Europe Wheel Weight Sales in Value by Country (2018-2023)
6.2 Europe Wheel Weight Forecasted Market Size by Country
6.2.1 Europe Wheel Weight Sales in Volume by Country (2024-2029)
6.2.2 Europe Wheel Weight Sales in Value by Country (2024-2029)
7 Asia-Pacific Wheel Weight by Region
7.1 Asia-Pacific Wheel Weight Historic Market Size by Region
7.1.1 Asia-Pacific Wheel Weight Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Wheel Weight Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Wheel Weight Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Wheel Weight Forecasted Market Size by Region
7.2.1 Asia-Pacific Wheel Weight Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Wheel Weight Sales in Value by Region (2024-2029)
8 Latin America Wheel Weight by Country
8.1 Latin America Wheel Weight Historic Market Size by Country
8.1.1 Latin America Wheel Weight Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Wheel Weight Sales in Volume by Country (2018-2023)
8.1.3 Latin America Wheel Weight Sales in Value by Country (2018-2023)
8.2 Latin America Wheel Weight Forecasted Market Size by Country
8.2.1 Latin America Wheel Weight Sales in Volume by Country (2024-2029)
8.2.2 Latin America Wheel Weight Sales in Value by Country (2024-2029)
9 Middle East and Africa Wheel Weight by Country
9.1 Middle East and Africa Wheel Weight Historic Market Size by Country
9.1.1 Middle East and Africa Wheel Weight Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Wheel Weight Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Wheel Weight Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Wheel Weight Forecasted Market Size by Country
9.2.1 Middle East and Africa Wheel Weight Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Wheel Weight Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 WEGMANN
10.1.1 WEGMANN Company Information
10.1.2 WEGMANN Introduction and Business Overview
10.1.3 WEGMANN Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.1.4 WEGMANN Wheel Weight Products Offered
10.1.5 WEGMANN Recent Development
10.2 Plombco
10.2.1 Plombco Company Information
10.2.2 Plombco Introduction and Business Overview
10.2.3 Plombco Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Plombco Wheel Weight Products Offered
10.2.5 Plombco Recent Development
10.3 TOHO KOGYO
10.3.1 TOHO KOGYO Company Information
10.3.2 TOHO KOGYO Introduction and Business Overview
10.3.3 TOHO KOGYO Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.3.4 TOHO KOGYO Wheel Weight Products Offered
10.3.5 TOHO KOGYO Recent Development
10.4 Hennessy
10.4.1 Hennessy Company Information
10.4.2 Hennessy Introduction and Business Overview
10.4.3 Hennessy Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hennessy Wheel Weight Products Offered
10.4.5 Hennessy Recent Development
10.5 Shengshi Weiye
10.5.1 Shengshi Weiye Company Information
10.5.2 Shengshi Weiye Introduction and Business Overview
10.5.3 Shengshi Weiye Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Shengshi Weiye Wheel Weight Products Offered
10.5.5 Shengshi Weiye Recent Development
10.6 3M
10.6.1 3M Company Information
10.6.2 3M Introduction and Business Overview
10.6.3 3M Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.6.4 3M Wheel Weight Products Offered
10.6.5 3M Recent Development
10.7 Trax JH Ltd
10.7.1 Trax JH Ltd Company Information
10.7.2 Trax JH Ltd Introduction and Business Overview
10.7.3 Trax JH Ltd Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Trax JH Ltd Wheel Weight Products Offered
10.7.5 Trax JH Ltd Recent Development
10.8 Baolong
10.8.1 Baolong Company Information
10.8.2 Baolong Introduction and Business Overview
10.8.3 Baolong Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Baolong Wheel Weight Products Offered
10.8.5 Baolong Recent Development
10.9 Jiangyin Yinxinde
10.9.1 Jiangyin Yinxinde Company Information
10.9.2 Jiangyin Yinxinde Introduction and Business Overview
10.9.3 Jiangyin Yinxinde Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Jiangyin Yinxinde Wheel Weight Products Offered
10.9.5 Jiangyin Yinxinde Recent Development
10.10 HEBEI XST
10.10.1 HEBEI XST Company Information
10.10.2 HEBEI XST Introduction and Business Overview
10.10.3 HEBEI XST Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.10.4 HEBEI XST Wheel Weight Products Offered
10.10.5 HEBEI XST Recent Development
10.11 Yaqiya
10.11.1 Yaqiya Company Information
10.11.2 Yaqiya Introduction and Business Overview
10.11.3 Yaqiya Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Yaqiya Wheel Weight Products Offered
10.11.5 Yaqiya Recent Development
10.12 Wurth USA
10.12.1 Wurth USA Company Information
10.12.2 Wurth USA Introduction and Business Overview
10.12.3 Wurth USA Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Wurth USA Wheel Weight Products Offered
10.12.5 Wurth USA Recent Development
10.13 Alpha Autoparts
10.13.1 Alpha Autoparts Company Information
10.13.2 Alpha Autoparts Introduction and Business Overview
10.13.3 Alpha Autoparts Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Alpha Autoparts Wheel Weight Products Offered
10.13.5 Alpha Autoparts Recent Development
10.14 Holman
10.14.1 Holman Company Information
10.14.2 Holman Introduction and Business Overview
10.14.3 Holman Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Holman Wheel Weight Products Offered
10.14.5 Holman Recent Development
10.15 Hatco
10.15.1 Hatco Company Information
10.15.2 Hatco Introduction and Business Overview
10.15.3 Hatco Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Hatco Wheel Weight Products Offered
10.15.5 Hatco Recent Development
10.16 Bharat Balancing Weightss
10.16.1 Bharat Balancing Weightss Company Information
10.16.2 Bharat Balancing Weightss Introduction and Business Overview
10.16.3 Bharat Balancing Weightss Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Bharat Balancing Weightss Wheel Weight Products Offered
10.16.5 Bharat Balancing Weightss Recent Development
10.17 HEBEI FANYA
10.17.1 HEBEI FANYA Company Information
10.17.2 HEBEI FANYA Introduction and Business Overview
10.17.3 HEBEI FANYA Wheel Weight Sales, Revenue and Gross Margin (2018-2023)
10.17.4 HEBEI FANYA Wheel Weight Products Offered
10.17.5 HEBEI FANYA Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Wheel Weight Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Wheel Weight Industrial Chain Analysis
11.4 Wheel Weight Market Dynamics
11.4.1 Wheel Weight Industry Trends
11.4.2 Wheel Weight Market Drivers
11.4.3 Wheel Weight Market Challenges
11.4.4 Wheel Weight Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Wheel Weight Distributors
12.3 Wheel Weight Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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