CCD Wheel Aligners Market is Anticipated to Surpass USD 5.7 Bn at a CAGR of 4.7% by 2032

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The global CCD wheel aligners market was valued at USD 3.6 billion in 2022 and is projected to exceed USD 5.7 billion by 2032, growing at a CAGR of 4.7% from 2022 to 2032.

In 2022, the CCD wheel aligners market accounted for approximately 59% of the global automotive garage equipment market. During the forecast period from 2022 to 2032, the market is expected to experience an absolute $ opportunity of USD 2.1 billion, reflecting significant growth potential.

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Region-wise Insights

Europe is the leading region in the CCD wheel aligners market, contributing 23.4% to the global market share. This dominance is due to the higher adoption of wheel alignment equipment in the region compared to others. Sales of CCD wheel aligners in Europe are expected to reach USD 1.2 billion by the end of the forecast period in 2032.

The growth can be largely attributed to the increasing adoption of 6-camera CCD wheel aligners, which have become a widely accepted advanced technology. Their relatively low price point is driving their adoption, resulting in higher revenues for manufacturers in the coming years. As a result, the region is expected to grow at a CAGR of 5.1% during the forecast period.

Category-wise Insights

6-camera CCD wheel aligners, currently holding 51.9% of the overall market share, are expected to experience higher growth compared to 8-camera wheel aligners. These 6-camera systems provide high-speed, precise measurements for all standard vehicle alignment angles, including both rear and front angles. As a result, the 6-camera CCD wheel aligner market is projected to grow at a CAGR of 3.9% from 2022 to 2032.

In the application type segment, auto manufacturers account for more than 37.6% of the overall market share. This is primarily due to their well-established and well-equipped facilities, supported by increased investments that enhance the capabilities of their manufacturing units.

Competitive Landscape

The global CCD wheel aligners market is highly fragmented and competitive, with numerous domestic and regional players. Key industry players adopt various marketing strategies, including mergers and acquisitions, expansions, collaborations, and partnerships.

New product development is a key strategy used by leading companies to enhance their market presence among consumers. These efforts have led to the introduction of advanced CCD wheel aligners, aimed at improving performance and meeting evolving customer demands.

Fact.MR provides detailed insights into the price points of leading manufacturers in the CCD wheel aligners market, including sales growth, production capacity, and potential technological advancements in its recently published report.

For example:

  • Technovector recently launched a contactless wheel alignment system that features automatic vehicle detection and adaptive towers to measure a wide range of wheelbases. Their machine-vision wheel aligners for heavy-duty trucks incorporate WideScope technology, enabling fast angle checks and adjustments.
  • Rotary Lift introduced the 8 CCD sensor wheel aligner, a 3D wheel alignment system equipped with an A4 printer and a powerful PC. The system also includes a robust mobile cabinet for attaching and charging wheel clamps.

Read More: https://www.factmr.com/report/528/ccd-wheel-aligners-market  

Global CCD Wheel Aligners Market by Category

  • By Product Type:
    • 6-Camera
    • 8-Camera
  • By Vehicle Type:
    • Road Vehicles
    • Off-Road Vehicles
  • By Application:
    • Garage
    • Auto Manufacturers
    • Tire Manufacturers
  • By Region:
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

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