Global Tire Changing Machine Market: Introduction
Tire changing machines, also known as tire changers is one of the wheel service equipment used to mount or dismount tires with vehicle wheels. Additionally, tire changing machines are specifically designed for installing tire into the rim and removing the tire from a rim. Further, tire changing machine comes with various aspects and technologies. Among them, fully automatic tire changing machine is designed to safely and efficiently change all types of tire and wheel combinations. The features include computerized mount or demount programs, automatic tire diameter measurement, integrated wheel lift, hydraulic or electric center clamping, drive system, automatic laser-profiling of the wheel, and bead inflation at the top-side.
High level of fragmentation and domination of aftermarket are the key features identified in the global tire changing machine market. Moreover, in the overall sales of tire changing machines, aftermarket or replacement segment wields the global tire changing machines market. Besides, consumption of tire changing machines by OEM is totally dependent on the new automobile sales trend while the aftermarket segment is linked to usage patterns and replacement cycles. Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global and regional tire changing machines market.
Global Tire Changing Machine Market: Market Dynamics
Somehow, the growth of tire changing machines market is related to the growth of the automobile sector. With stable automobile sales and higher infrastructure spend, the production of the tire is set to gain. Manufacturers in the tire changing machine market are expected to continue their growth momentum and register a revenue growth led by a strong performance in the commercial vehicle segment. Additionally, headway in demand for tire changing machines will be driven by the expanding middle class in developing countries; due to the fact that these regions are likely to experience increased vehicle ownership. Subsequently, replacement of tires and acceleration in the wheel servicing activities to reinforce the pace of tire changing machines market. Moreover, an increase in proliferation of semi-automatic and automatic tire changing machines across the regions, such as India, China, ASEAN etc. will impede the sales of manual or mechanically operated tire changing machines. However, the sales of tire changing machines is expected to continue to witness hefty growth rates. In a nutshell, tire changing machines market is to be affected by a positive outlook for the automotive industry in developing regions.
Global Tire Changing Machine Market: Market Segmentation
The global tire changing machine market can be segmented on the basis of product type, tire construction, wheel diameter, sales channel, operation, and region.
On the basis of product type, the global tire changing machine market can be segmented as:
On the basis of tire construction, the global tire changing machine market can be segmented as:
On the basis of wheel diameter, the global tire changing machine market can be segmented as:
On the basis of sales channel, the global tire changing machine market can be segmented as:
On the basis of operation, the global tire changing machine market can be segmented as:
Global Tire Changing Machine Market: Regional Outlook
In terms of value, SEAP and China is expected to continue to spearhead the global tire changing machine market, followed by Europe. North America has a robust manufacturing infrastructure for heavy commercial vehicles. In the coming few years, the growth of tire changing machine market will be mainly driven due to an increase in the production of commercial vehicles, such as trailers. Further, in South East Asia and Pacific, especially in ASEAN, there has been a growing need for tire changing machines on the backdrop of a rising number of the automotive fleet in the region. As a result, there is an extended focus in Southeast Asia on tire changing machines that are both cost-efficient and effective. In the medium term, the outlook for automotive market in India is likely to be bolstered by growing insistence to lower emission levels and enhance fuel efficiency in vehicles. The heavy investment driven tire industry contributes materially in the regional GDP. Consequently, encouraging the need for tire changing machines in the regional market. Moving ahead, Japan tire changing machine market is anticipated to witness a sluggish growth in the forthcoming years.
Global Tire Changing Machine Market: Key Participants
Examples of some of the market participants in the global tire changing machine market discerned across the value chain include: