Asia Pacific 3D wheel aligners market continues to witness steady growth, on the back of growing awareness and broader push towards technology-oriented solutions. The benefits and necessity of accurately aligned automobiles have been creating lucrative growth opportunities for APAC 3D wheel aligners market. The 3D wheel aligners market in Asia Pacific is likely to gain leverage on account of lucrative automotive industry in the region.
Asia-Pacific is likely to take the lead in 3D wheel aligners market and vehicle sales have been increasing incessantly since the recent past, thereby creating significant demand for several vehicle maintenance services, which includes usage of 3D wheel aligners as well. Drastic rise in the sales of passenger cars across Asia-Pacific along with emerging markets such as India and China accounting for significant share in the regional market is creating lucrative growth opportunities for APAC 3D wheel aligners market.
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Asia-Pacific holds a significant share in the 3D wheel aligners market on a global basis owing to rapidly increasing demand for the automotive industry, particularly in India and China. Increasing number of accidents owing to inaccurate information regarding one’s own vehicle, leading to imbalance in the vehicle. In order to eliminate the usage of conventional systems for testing the accuracy of vehicles that provides inefficient information, manufacturers across Asia-Pacific in the automotive industry are planning to increase the adoption of 3D wheel aligners. Urban areas in the developing nations have been creating increasing opportunities for the growth of 3D wheel aligners market as it is suitable for the passenger cars, motorcycles and light trucks as well.
Fact.MR predicts that 3D wheel aligners market is likely to expand at approximately 4.7% CAGR over the forecast period, 2017-2026. Increasing negligence for road maintenance and bad weather conditions in various parts of the globe is leading to growing demand and supply of 3D wheel aligners. Growing awareness amongst the customers regarding the effectiveness of wheel aligners compared to the conventional systems have been driving the adoption of 3D wheel aligners on a larger basis across the globe in the forthcoming years.
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Technological innovations and development of the sophisticated technology has been driving the growth of 3D wheel aligners market at a steady pace. North America and Europe accounts for a substantial share in the 3D wheel aligners market during the forecast period owing to high demand for the precision equipment as well as improving manufacturing sector.
Alternatives like CCD wheel aligners as well as conventional wheel alignment system is likely to obstruct demand and supply of 3D wheel aligners across the globe. High costs of 3D wheel aligners is also hindering the adoption of 3D wheel aligners across the globe, for which, manufacturers are taking immense efforts to reduce passenger car prices, increasing the availability of affordable or easy finance commercial and passenger vehicles. This step in turn will drive the adoption of 3D wheel aligners in the forthcoming years.
Mr. Rohit Bhisey
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