Automotive Wheel Balancing Weight Market

Automotive Wheel Balancing 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.
Automotive Wheel Balancing Weight Market contains market size and forecasts of Automotive Wheel Balancing Weight in global, including the following market information:
Global Automotive Wheel Balancing Weight Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Wheel Balancing Weight Market Sales, 2017-2022, 2023-2028, (M Units)
Global top five Automotive Wheel Balancing Weight companies in 2021 (%)
The global Automotive Wheel Balancing Weight market was valued at 601.9 million in 2021 and is projected to reach US$ 930 million by 2028, at a CAGR of 6.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Clip-On Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Wheel Balancing Weight include WEGMANN, TOHO KOGYO, Hennessy, Baolong, Shengshi Weiye, 3M, Trax JH Ltd, Yaqiya and HEBEI XST, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive 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 Automotive Wheel Balancing Weight Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Units)
Global Automotive Wheel Balancing Weight Market Segment Percentages, by Type, 2021 (%)
Clip-On Type
Adhesive Type
Global Automotive Wheel Balancing Weight Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Units)
Global Automotive Wheel Balancing Weight Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicle
Commercial Vehicle
Global Automotive Wheel Balancing Weight Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Units)
Global Automotive Wheel Balancing Weight Market Segment Percentages, By Region and Country, 2021 (%)
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 Automotive Wheel Balancing Weight revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Wheel Balancing Weight revenues share in global market, 2021 (%)
Key companies Automotive Wheel Balancing Weight sales in global market, 2017-2022 (Estimated), (M Units)
Key companies Automotive Wheel Balancing Weight sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
WEGMANN
TOHO KOGYO
Hennessy
Baolong
Shengshi Weiye
3M
Trax JH Ltd
Yaqiya
HEBEI XST
Hatco
Wurth USA
Alpha Autoparts
Holman
Bharat Balancing Weightss
HEBEI FANYA