Report overview
Automotive Wheel Balancing 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.
This report aims to provide a comprehensive presentation of the global market for Automotive Wheel Balancing Weight, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Wheel Balancing Weight. This report contains market size and forecasts of Automotive Wheel Balancing Weight in global, including the following market information:
Global Automotive Wheel Balancing Weight Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Wheel Balancing Weight Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five Automotive Wheel Balancing Weight companies in 2022 (%)
The global Automotive Wheel Balancing Weight market was valued at US$ 601.9 million in 2022 and is projected to reach US$ 930 million by 2029, at a CAGR of 6.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In the global companies that produce the automotive wheel balancing weight, the WEGMANN had the maximum market share with about 32% in 2019.
Between the two types of automotive wheel balancing weight, the adhesive type held more market share with around 54% in 2019.
We surveyed the Automotive Wheel Balancing Weight manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Wheel Balancing Weight Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Automotive Wheel Balancing Weight Market Segment Percentages, by Type, 2022 (%)
Clip-On Type
Adhesive Type
Global Automotive Wheel Balancing Weight Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Automotive Wheel Balancing Weight Market Segment Percentages, by Application, 2022 (%)
Passenger Vehicle
Commercial Vehicle
Global Automotive Wheel Balancing Weight Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Automotive Wheel Balancing Weight Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Wheel Balancing Weight revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Wheel Balancing Weight revenues share in global market, 2022 (%)
Key companies Automotive Wheel Balancing Weight sales in global market, 2018-2023 (Estimated), (M Units)
Key companies Automotive Wheel Balancing Weight sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
WEGMANN
TOHO KOGYO
Hennessy
Baolong
Shengshi Weiye
3M
Trax JH Ltd
Yaqiya
HEBEI XST
Hatco
Wurth USA
Alpha Autoparts
Holman
Bharat Balancing Weightss
HEBEI FANYA
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Wheel Balancing Weight, market overview.
Chapter 2: Global Automotive Wheel Balancing Weight market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Wheel Balancing Weight manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Wheel Balancing Weight in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: Global Automotive Wheel Balancing Weight capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
