The tyre changers market is projected to grow at a CAGR of 4.4% over the course of the forecast period, from a market share of US$ 1.04 billion in 2020 to US$ 1.74 billion in 2032.
The growth in the number of auto repair shops has led to a consistent need for tire changers.
The vast study is condensed and structured on the basis of different segments and regions to facilitate easy understanding to the readers. Boiling down complicated market dynamics to numbers paints a lucid and simple picture of the direction the Tire Changers market is headed towards. With a plethora of valuable insights, the report is essential for the stakeholders of the global Tire Changers market, to understand the ever-evolving demand and supply side trends.
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Impact of COVID-19 on Tire Changers Market
Owing to the outbreak of COVID-19, the global manufacturing sector has come to a screeching halt, thus impeding the penetration of technologies. Being highly reliant on the manufacturing sector, the global industrial automation sector is expected to witness a downtrend during the pandemic and the Tire Changers market is no exception. As several industries terminate operations or work with a limited workforce, the overall efficiency of the industrial sector. Moreover, industries are now opting for cost-cutting methods, which could push back the adoption of technologies. On the back of these factors, the global Tire Changers market is set to navigate through a turbulent path during the forecast period.
FMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Tire Changers market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Tire Changers Market: Segmentation
To simply the gargantuan study, the report is segregated on the basis of different segments.
On the basis of vehicle type
- Passenger Car
- Light truck
- Motor Cycle
- Heavy Duty
On the basis of components
- Mount/demount Mechanism
- Foot Pedals
- Table Top and rim clamps
- Bead Loosening System
- Air Pressure System
By Region:
- North America (U.S., Canada) Tire Changers
- Latin America (Mexico, Brazil) Tire Changers
- Western Europe (Germany, Italy, France, U.K, Spain) Tire Changers
- Eastern Europe (Poland, Russia) Tire Changers
- Asia Pacific (China, India, ASEAN, Australia & New Zealand) Tire Changers
- Japan Tire Changers
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa) Tire Changers
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers and restraints.
Tire Changers Market: Competition Analysis
The study bestows valuable insights into the competitive landscape of the global Tire Changers market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include
- Hunter Engineering Company
- Teco Automotive Equipment
- COATS
- Snap-on
- Accu-turn
- Corghi
- Puli
- Eagle Equipment
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Key Questions Answered in FMI’s Tire Changers Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factor propelling the demand for Tire Changers during the forecast period?
- How current socio-economic trends will impact the Tire Changers market?
- What are the growth strategies implemented by prominent players in the Tire Changers market to maintain their foothold in the competitive landscape?
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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