Global Market Study on Wheel Balancing Weights: Gaining Prominence in Tire Balancing Aftermarket


  • Rep Id : XPLREP4145
  • Published On : August, 2019
  • No. of Pages : 280
  • Category : Tyres
  • Publisher : Persistence Market Research

This XploreMR study offers an analysis and forecast of the global Wheel Balancing Weights market between 2019 and 2029. The Wheel Balancing Weights market study considers 2018 as the base year, with market values estimated for 2019, and a forecast developed for the duration between 2019 and 2029. Compound Average Growth Rate (CAGR) has been represented from 2019 to 2029. The study covers various perspectives of the global wheel balancing weights market, including market dynamics, value chain, pricing analysis, competition analysis, regional, and segmental growth comparison, and macro-economic along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global wheel balancing weights market is projected to grow at a CAGR of approximately 6% between 2019 and 2029 in terms of value. Increasing investment and development of production capacities to play a pivotal role in the development of wheel balancing weights market.

This XploreMR report carefully analyses the wheel balancing weights market at a global and regional level, through market segmentation on the basis of key parameters such as product type, material type, vehicle type, wheel type, and sales channel. The primary objective of the report is to offer key insights on market updates, competition positioning, growth rates, and other relevant information, and statistics in a suitable manner to the readers or various stakeholders in the wheel balancing weights market. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global wheel balancing weights market.

The report is structured to allow readers to develop a thorough understanding of the wheel balancing weights market. It begins with market definitions, which are followed by the market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Each section covers a qualitative and quantitative assessment of the Wheel Balancing Weights market on the basis of facts, historical developments, and key opinions collected from industry participants through dedicated interviews and trends in the Wheel Balancing Weights market.

Wheel Balancing Weights Market: Segmentation

By Product Type

By Material Type

By Vehicle Type

By Wheel Type

By Sales Channel

By Region

  • Clip-on Weights
  • Adhesive Weights
  • Lead
  • Zinc
  • Steel
  • Tin and Others
  • Passenger Cars
    • Compact
    • Mid-size
    • Luxury
    • SUVs
  • LCVs
  • HCVs
  • Steel Wheel
  • Alloy Wheel
  • OEM
  • Aftermarket
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Subsequent sections of the report provide value (US$ Mn) and volume (‘000 boxes) projections for the Wheel Balancing Weights market on the basis of the aforementioned segments at a global level. Here, in the report – one box has been defined as a unit comprised of 100 clip-on wheel balancing weights or 100 strips/rolls of adhesive wheel balancing weights.

The global Wheel Balancing Weights market values represented in these section have been agglomerated by collecting data and information at a regional level. The Wheel Balancing Weights market information, along with key facts and insights, covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share, and attractiveness analysis for each of the sub-types covered in each segment of this wheel balancing weights market report.

The next section of the report presents a summarized view of the global Wheel Balancing Weights market based on eight prominent regions considered in the study. The section includes regional market position, growth potential, trends, and attractiveness analysis for each of these regions.

All the above sections evaluate the present market scenario and growth prospects in the global Wheel Balancing Weights market, while the forecast presented in these sections assesses the market size in terms of volume and value.

In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global Wheel Balancing Weights market is expected to develop in the future. Given the characteristics of the Wheel Balancing Weights market, we triangulated the outcome of three different types of analysis: primary research, secondary research, and our own analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecast exercise.

All the Wheel Balancing Weights market segments and sub-segments have been analysed on Basis Point Share (BPS) to understand each individual segment’s relative contribution to the Wheel Balancing Weights market growth. Another key feature of the Wheel Balancing Weights market report is the analysis of all the key segments in the Wheel Balancing Weights market, sub-segments, and regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Wheel Balancing Weights market.

In the final section of the Wheel Balancing Weights market report, a competitive landscape of the Wheel Balancing Weights market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their presence in the Wheel Balancing Weights market, and key differentiating factors and strategies. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Wheel Balancing Weights market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the Wheel Balancing Weights marketplace. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the Wheel Balancing Weights market.

Wheel Balancing Weights Market