Wheel Balancing Weight Market

Wheel Weight also referred to as tire balance, describes the distribution of mass within an automobile tire or the entire wheel (including the rim) to which it is attached. When the wheel rotates, asymmetries of mass may cause it to hop or wobble, which can cause ride disturbances, usually vertical and lateral vibrations. It can also result in a wobbling of the steering wheel or of the entire vehicle. Vehicle suspensions can become excited by unbalance forces when the speed of the wheel reaches a point that its rotating frequency equals the suspension?s resonant frequency.
Tires are balanced in factories and repair shops by two methods: static balancers and dynamic balancers. Static imbalance is caused by a difference of weight over the whole plane of the wheel. Dynamic imbalance means a difference of weight outside the plane of the wheel. In order to reach a perfect balance, both imbalances must be corrected.
Tires with high unbalance forces are downgraded or rejected. When tires are fitted to wheels at the point of sale, they are measured again on a balancing machine, and correction weights are applied to counteract the combined effect of the tire and wheel unbalance. After sale, tires may be rebalanced if driver perceives excessive vibration.
Wheel Balancing Weight Market aims to provide a comprehensive presentation of the global market for Wheel Balancing Weight, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheel Balancing Weight. Wheel Balancing Weight Market contains market size and forecasts of Wheel Balancing Weight in global, including the following market information:
Global Wheel Balancing Weight Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Wheel Balancing Weight Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Wheel Balancing Weight companies in 2022 (%)
The global Wheel Balancing Weight market was valued at US$ 696.9 million in 2022 and is projected to reach US$ 765 million by 2029, at a CAGR of 1.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market competition is not intense. WEGMANN, Plombco, TOHO KOGYO, Hennessy and Shengshi Weiye, etc. are the leaders of the industry, with about 42% market shares. Asia Pacific is the largest consumption place, with a consumption market share nearly 50%. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 22%.
We surveyed the Wheel Balancing Weight manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wheel Balancing Weight Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Wheel Balancing Weight Market Segment Percentages, by Type, 2022 (%)
Clip-On Type
Adhesive Type
Global Wheel Balancing Weight Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Wheel Balancing Weight Market Segment Percentages, by Application, 2022 (%)
Passenger Vehicle
Commercial Vehicle
Motorcycle
Global Wheel Balancing Weight Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Wheel Balancing Weight Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wheel Balancing Weight revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Wheel Balancing Weight revenues share in global market, 2022 (%)
Key companies Wheel Balancing Weight sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Wheel Balancing Weight sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
WEGMANN
Plombco
TOHO KOGYO
Hennessy
Shengshi Weiye
3M
Trax JH Ltd
Baolong
Jiangyin Yinxinde
HEBEI XST
Yaqiya
Wurth USA
Alpha Autoparts
Holman
Hatco
Bharat Balancing Weightss
HEBEI FANYA
Outline of Major Chapters:
Chapter 1: Introduces the definition of Wheel Balancing Weight, market overview.
Chapter 2: Global Wheel Balancing Weight market size in revenue and volume.
Chapter 3: Detailed analysis of Wheel Balancing Weight manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Wheel Balancing Weight in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Wheel Balancing Weight capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.