CCD Wheel Aligners Market: Future Forecast Indicates Impressive Growth Rate
As per research, the use of CCD wheel aligners in APEJ is expected to grow at 5.6% with respect to value. The revenue generated by sales of CCD wheel aligners in this region is expected to reach a significant value over the assessment period.
[USPRwire, Mon Dec 10 2018] Vehicle manufacturers have advised the owners of the vehicle to schedule wheel alignment check twice a year, depending upon the frequency of driving. For heavy vehicles, it becomes vital to maintain wheel alignment almost thrice a year owing to heavy workload. Modern wheel aligners, such as CCD wheel aligners, carry out alignment procedure with higher accuracy and in reduced time. This has pushed the adoption of CCD wheel aligners across garages and auto manufacturing units at a significant scale.
CCD wheel aligners offer a complete 360 degree appraisal of standard undercarriage and alignment values. Moreover, they are suitable for any vehicle type, from passenger cars to heavy vehicles. As per Fact.MR, the production of CCD wheel aligners is expected to reach more than 774 thousand units across the globe by the end of the assessment period. With respect to volume, CCD wheel aligner production is expected to grow at 4.2% during the period of forecast, 2017-2026.
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Higher Accuracy as Compared to Conventional Wheel Aligners to Boost Adoption of CCD Wheel Aligners
With a view to enhance vehicle output, technological advancements in the field of automotive machinery have been taking place since past several years. Manufacturers are highly focused on introducing advanced wheel aligners that play a major role in maintaining overall vehicle health, consequently reducing vehicle breakdowns. Initially, manual or conventional wheel alignment was adopted, which posed several problems, for instance, low accuracy, inefficiency, lack of labor and highly time consuming procedure. However, with introduction of modern CCD wheel aligners, manufacturers have overcome all the limitations of traditional wheel aligners by using technologies such as charge-coupled devices (CCD) in wheel alignment machines. In terms of accuracy and flexibility, CCD wheel aligners are a more reliable solution to fixing alignment problems. Since past ears, wide range of CCD wheel aligners have been developed, for example, 6 camera and 8 camera CCD wheel aligners that are largely used by auto manufacturers and garages. This is expected to fuel the adoption of CCD wheel aligners in the coming years.
Asia Pacific Excluding Japan (APEJ) to Radiate Potential Growth
Asia Pacific excluding Japan (APEJ) region being one of the largest manufacturing hubs, is expected to reflect significant market potential for CCD wheel aligners. Automakers across the globe are concentrating on expanding their base in APEJ region owing to the immense potential that the region portrays. As per research, the use of CCD wheel aligners in APEJ is expected to grow at 5.6% with respect to value. The revenue generated by sales of CCD wheel aligners in this region is expected to reach a significant value over the assessment period.
Players involved in development of advanced wheel alignment machines are focusing on targeting APEJ region and few other European countries to expand their global footprint. Additionally, with introduction of new technologies in this field, key players are partnering with local players to promote the use of their developments in the respective regional market. Key players involved in CCD wheel aligners market include Stanley, Milwaukee Hand Trucks, Dewalt, Apex Tool Group, Blackhawk Industries and CooperTools, to name a few.
High Cost and Lack of Skilled Labor to Pose Challenges for the Market
With increasing use of and incorporation of novel technologies, the cost associated with the manufacturing of CCD wheel aligners has increased. This has impacted the use of CCD wheel aligners among small garages, and small scale auto manufacturers. Most of these end users rely on conventional aligners to carry out wheel alignment. In addition, lack of skilled labor to operate CCD wheel alignment machines is another hurdle hindering the sales of CCD wheel aligners. This problem persists among emerging regions than developed economies. However, manufacturers of CCD wheel alignment machines have started promoting their product as cost efficient, with less maintenance and have positioned their products as one-time investment equipment. This is expected to change the mentality of garage owners to opt for CCD wheel aligners and increase their businesses by catering to the heavy vehicle segment.
Few Other Segmental Insights
- Sale of CCD wheel aligners in garages is expected to showcase low revenue generation as compared to auto manufacturers. Auto manufacturers are relatively well equipped owing to higher investment strength than garages. However, garages are expected to pick up speed with growing popularity of CCD wheel aligners in the coming years
- Use of CCD wheel aligners for road vehicles is estimated to generate larger sales than off road vehicles. By 2026 end, sales revenue generated from road vehicle wheel alignment is expected to touch more than US$ 2.5 Bn
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Table of Content:
- Global Economic Outlook
- Global CCD Wheel Aligners Market - Executive Summary
2.1. Global CCD Wheel Market – Opportunity Analysis & Mega Trends
- Global CCD Wheel Aligners Market Overview
3.1.1. Global CCD Wheel Aligners Market Taxonomy
3.1.2. Global CCD Wheel Aligners Market Definition
3.2. Global CCD Wheel Aligners Market Size (US$ Mn) & Volume (Unit) and Forecast, 2012-2026
3.2.1. Global CCD Wheel Aligners Market Y-o-Y Growth
3.3. Global CCD Wheel Aligners Market Dynamics
3.4. Parent Market Overview
3.5. Supply Chain
3.6. Cost Structure
3.7. Product life Cycle Analysis
3.8. List of Distributors
3.9. Specifications of CCD Wheel Aligners
3.10. Product/ Module Benchmarking
3.11. Top End Module Comparison
3.12. Forecast Factors & Impact Analysis
3.13. Investment Feasibility Index
3.14. PESTLE Analysis
3.15. Porter’s Analysis
3.16. Key Participants Market Presence (Intensity Map) By Region
- Pricing Point Analysis
4.1. Price Point Assessment by Region
4.2. Price Forecast till 2026
4.3. Factors Influencing Pricing
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