Tire Balancer Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030.
The global tire balancer market was valued at approximately USD 1.2 billion in 2022, with a compound annual growth rate (CAGR) of 5.8% projected for the forecast period. This growth trajectory is driven by the increasing demand for vehicle maintenance and the expanding automotive sector. The rising number of vehicles on the road and the growing emphasis on vehicle safety and performance are contributing to the steady demand for tire balancing solutions. Additionally, technological advancements in tire balancing systems are further propelling market growth by offering enhanced precision and efficiency.
Opportunities within the tire balancer market are expanding as emerging economies invest in automotive infrastructure and services. The growing automotive aftermarket sector in regions such as Asia-Pacific and Latin America presents significant potential for market players. The adoption of advanced tire balancing technologies, such as automated and dynamic balancing systems, is also expected to drive market growth. The increasing focus on enhancing vehicle performance and safety features is creating a favorable environment for the adoption of innovative tire balancing solutions. As a result, the market is poised for considerable growth, with new opportunities emerging in various regions worldwide.
Get an In-Depth Research Analysis of the Global Tire Balancer Market Size And Forecast [2025-2032]
Bosch
Corghi
Snap-on
Hunter
Hennessy Industries
MAHA
CEMB
Cormach Srl
Ravaglioli
Giuliano
Bright
Balancer
Sino-Italian Taida
Coseng
Anchor
Kwingtone
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Tire Balancer Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Tire Balancer Market
4S Shop
Repair Shop
Motor Vehicle Manufacturers
Others
Based on Types the Market is categorized into Below types that held the largest Tire Balancer market share In 2023.
Below 15 Inches or Less
15 Inches to 24 Inches
Above 24 Inches
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Tire Balancer Market Research Analysis
1. Introduction of the Global Tire Balancer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tire Balancer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Balancer Market, By Type
6. Global Tire Balancer Market, By Application
7. Global Tire Balancer Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tire Balancer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/