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Tire balance Market to grow at a CAGR of 5 percent to reach USD 1.97 billion by 2029

(USGovernment-News.Com, August 31, 2023 ) Maximize Market Research expects, the Tire balance Market to grow from USD 1.4 billion in 2022 to USD 1.97 billion in 2029 at a CAGR of 5 percent.

Tire balance Market Report Scope and Research Methodology

The Tire Balance Market Report explores the global market for tire balancing solutions. The research methodology involves extensive data collection, analysis, and interpretation using primary and secondary sources. The report offers insights into market trends, key players, growth drivers, and future projections within the tire balance industry.

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Tire balance Market Dynamics

Tire balance Market dynamics are shaped by the pursuit of smoother rides and enhanced vehicle performance. Increasing automotive ownership, demand for fuel efficiency, and safety considerations drive the market. Technological advancements in balancing equipment and growing aftermarket services contribute to the growth of the industry.

Tire balance Market Regional Insights

North America and Europe lead the Tire Balance Market due to high vehicle ownership and advanced automotive sectors. Asia Pacific shows significant growth potential, driven by expanding automotive markets.

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Tire balance Market Segmentation

By vehicle Type

Passenger vehicles

Commercial vehicles


By Balancing Method

Static balancing

Dynamic balancing

By End-User

Automotive service providers

Fleet operators


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Tire balance Market Key Competitors include:

Hunter Engineering Company (United States)

Snap-on Incorporated (United States)

CEMB-USA (United States)

John Bean Technologies Corp. (United States)

Corghi USA (United States)

Perfect Equipment Inc. (United States)

Beissbarth GmbH (Germany)

Hofmann Maschinen- und Anlagenbau GmbH (Germany)

Sice Srl (Italy)

Ravaglioli S.p.A (Italy)

TECO Automotive Equipment (Italy)

Werther International (Italy)

Bright Balancer Equipment Co., Ltd. (China)

Guilin Guibei Machine Co., Ltd. (China)

Maximize Market Research a leading Automotive and Transportation research firm, has also published the following reports:

Tire Testing Machine Market - The market size is expected to reach USD 675.80 million by 2029 at a CAGR of 4.7 percent during the forecast period.

Tire Filler Market - The market size is expected to reach USD 138.8 billion by 2029 at a CAGR of 5.68 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.


Dnyaneshwari Yevale


Source: EmailWire.Com


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