Wheel Weight market

Wheel Weight Market - Global Outlook and Forecast 2022-2028

  • 28 January 2022
  • Automotive and Transportation
  • 110 Pages
  • Report code : PMR-6805835

  • 4.7 (158)

Wheel Weight Market

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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 Weight Market contains market size and forecasts of Wheel Weight in global, including the following market information:

Global Wheel Weight Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Wheel Weight Market Sales, 2017-2022, 2023-2028, (M Units)

Global top five Wheel Weight companies in 2021 (%)

The global Wheel Weight market was valued at 696.9 million in 2021 and is projected to reach US$ 765 million by 2028, at a CAGR of 1.3% 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 Wheel Weight include WEGMANN, Plombco, TOHO KOGYO, Hennessy, Shengshi Weiye, 3M, Trax JH Ltd, Baolong and Jiangyin Yinxinde, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Wheel 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 Weight Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Units)

Global Wheel Weight Market Segment Percentages, by Type, 2021 (%)

Clip-On Type

Adhesive Type

Global Wheel Weight Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Units)

Global Wheel Weight Market Segment Percentages, by Application, 2021 (%)

Passenger Vehicle

Commercial Vehicle

Global Wheel Weight Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Units)

Global Wheel 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 Wheel Weight revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Wheel Weight revenues share in global market, 2021 (%)

Key companies Wheel Weight sales in global market, 2017-2022 (Estimated), (M Units)

Key companies Wheel Weight sales share in global market, 2021 (%)

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

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