Product Code: ETC172903 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The automotive wheel alignment system market in India is expected to witness a healthy growth rate over the forecast period owing to various drivers. The increasing demand for fuel-efficient vehicles, stringent emission norms imposed by the government, and growing awareness about vehicle safety are some of the key factors driving this market. Additionally, rising disposable income resulting in increasing sales of passenger vehicles has also propelled the demand for wheel alignment systems in India. Furthermore, technological advancements such as 3D imaging technology and laser-based alignment systems have made it easier for technicians to provide accurate services which further aid the growth of this market.
The rising demand for safe and comfortable driving is a major driver of the automotive wheel alignment system market in India. Another factor that is driving growth in this sector is the increasing awareness among consumers regarding proper vehicle maintenance, which includes regular wheel alignment and tire replacement. This has led to an increase in sales of automotive wheel alignment systems due to their ability to provide precise results. Additionally, stringent government regulations regarding vehicle safety have also contributed towards the growth of this market, as these systems are necessary for vehicles to pass roadside inspections. Moreover, advancements in technology such as 3D imaging and laser-guided technologies have further enhanced accuracy when performing wheel alignments. Finally, increased aftermarket services offered by OEMs are also expected to bolster the demand for automation wheel alignment systems across India.
High cost associated with installation and aftermarket services remain to be one of the biggest challenges faced by players operating in this space making it difficult for them to reach out to smaller cities where end user expenditure is low compared to metropolitan areas.Lack of service centers in remote regions combined with limited product knowledge among mechanics results into improper servicing or inadequate replacement part consumption leading to inefficient utilization or premature failure/breakdown. This further adds on more costs related to repair & maintenance activities resulting from prolonged downtime periods.
Some of the notable players currently active in India Automotive Wheel Alignment System Market include Bosch Limited (India), ATEQ Engineering Services Pvt Ltd., Hunter Engineering Company LLC USA, Samsung Auto Service Pvt Ltd., Autel Intelligent Technology Corp LTD., Hi-Tech Automotive Solutions LLP , Elektron Technologies amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Wheel Alignment System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Wheel Alignment System Market Revenues & Volume, 2020 & 2030F |
3.3 India Automotive Wheel Alignment System Market - Industry Life Cycle |
3.4 India Automotive Wheel Alignment System Market - Porter's Five Forces |
3.5 India Automotive Wheel Alignment System Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.6 India Automotive Wheel Alignment System Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 India Automotive Wheel Alignment System Market Revenues & Volume Share, By System Type, 2020 & 2030F |
4 India Automotive Wheel Alignment System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Wheel Alignment System Market Trends |
6 India Automotive Wheel Alignment System Market, By Types |
6.1 India Automotive Wheel Alignment System Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Wheel Alignment System Market Revenues & Volume, By Vehicle Type, 2020-2030F |
6.1.3 India Automotive Wheel Alignment System Market Revenues & Volume, By Passenger Vehicle, 2020-2030F |
6.1.4 India Automotive Wheel Alignment System Market Revenues & Volume, By Light Duty Vehicle, 2020-2030F |
6.1.5 India Automotive Wheel Alignment System Market Revenues & Volume, By Medium and Heavy Duty Trucks, 2020-2030F |
6.1.6 India Automotive Wheel Alignment System Market Revenues & Volume, By Buses & Coaches, 2020-2030F |
6.2 India Automotive Wheel Alignment System Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Wheel Alignment System Market Revenues & Volume, By Toe- in / Toe-out Adjustment, 2020-2030F |
6.2.3 India Automotive Wheel Alignment System Market Revenues & Volume, By Camber Adjustment, 2020-2030F |
6.2.4 India Automotive Wheel Alignment System Market Revenues & Volume, By Caster Adjustment, 2020-2030F |
6.2.5 India Automotive Wheel Alignment System Market Revenues & Volume, By Four Wheel Adjustment, 2020-2030F |
6.2.6 India Automotive Wheel Alignment System Market Revenues & Volume, By Others, 2020-2030F |
6.3 India Automotive Wheel Alignment System Market, By System Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Wheel Alignment System Market Revenues & Volume, By Laser Alignment System, 2020-2030F |
6.3.3 India Automotive Wheel Alignment System Market Revenues & Volume, By Condition Monitoring, 2020-2030F |
6.3.4 India Automotive Wheel Alignment System Market Revenues & Volume, By Measuring Tools, 2020-2030F |
6.3.5 India Automotive Wheel Alignment System Market Revenues & Volume, By Tools, 2020-2030F |
7 India Automotive Wheel Alignment System Market Import-Export Trade Statistics |
7.1 India Automotive Wheel Alignment System Market Export to Major Countries |
7.2 India Automotive Wheel Alignment System Market Imports from Major Countries |
8 India Automotive Wheel Alignment System Market Key Performance Indicators |
9 India Automotive Wheel Alignment System Market - Opportunity Assessment |
9.1 India Automotive Wheel Alignment System Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
9.2 India Automotive Wheel Alignment System Market Opportunity Assessment, By Type, 2020 & 2030F |
9.3 India Automotive Wheel Alignment System Market Opportunity Assessment, By System Type, 2020 & 2030F |
10 India Automotive Wheel Alignment System Market - Competitive Landscape |
10.1 India Automotive Wheel Alignment System Market Revenue Share, By Companies, 2023 |
10.2 India Automotive Wheel Alignment System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |