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Research Nester published a report titled “Automotive Wheel Alignment Services Market : Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global automotive wheel alignment services market in terms of market segmentation by vehicle type, product type, service provider, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The automotive wheel alignment services market is projected to grow with a CAGR of ~4% during the forecast period, i.e., 2022-2030 on account of the growing number of automobile users, rising disposable income of people and increasing advancements in the automobile sector. Furthermore, strict regulatory framework regarding reduction of fuel emissions is also anticipated to drive market growth in the forthcoming years.
The market is segmented by vehicle type, product type and service provider. Based on service provider, the OEM segment is anticipated to grab the largest share by the end of 2029, which can be credited to the increasing number of in-house testing facilities for vehicles where all the tests are performed. Apart from this, high demand for premium quality vehicle services is also estimated to further the growth of this market segment.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the automotive wheel alignment services market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period owing to robust growth of urbanization in China and India. Currently, the market in North America holds the largest share, which can be attributed to the rise in number of commercial vehicles in the region.
Growing Number of Automobile Users to Drive Market Growth
As the disposable income of the people is escalating, their need for a comfortable travelling experience is also increasing. To fulfill, the intensifying automobile demand, car manufacturers are focusing on providing an enhanced driving and services experience to its users, which in turn is anticipated to boost the growth of the market in the upcoming years.
However, lack of skilled labor and human errors are expected to operate as key restraints to the growth of the automotive wheel alignment services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive wheel alignment services market which includes company profiling of BMW AG, 3M Company, Bridgestone Corporation, Continental AG, Ford Motor Company, General Motors, Robert Bosch GmbH, TBC Corporation, Toyota Motor Corporation, Volkswagen AG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the automotive wheel alignment services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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