Automotive Wheel Alignment Services Market Analysis
The size of the global automotive wheel alignment services market is estimated to be USD 2,259.9 million in 2024, and it is expected to reach USD 2,769.7 million by 2030, advancing at a CAGR of 3.4% over the forecast period (2024–2030). This can be ascribed to the advancements in the tire alignment technology, increasing vehicle sales, rising disposable income in emerging economies, rampant urbanization, and burgeoning awareness of people on the various aspects that affect the overall vehicle performance.
Wheel alignment has a great influence on the running efficiency of a vehicle as it is related to the angle and direction at which the tires contact the road. During manufacturing, the OEM chooses the specific alignment for each model and make.
As the wheels and suspensions are exterior components, their optimum alignment, as preset by the manufacturer, is disturbed periodically. Wheels become misaligned due to sudden disturbances encountered on roads, such as when hitting a curb or pothole or driving too fast over speed breakers. This leads to a poor driving experience, mishandling, and even accidents, in severe cases. Hence, regular wheel alignment has gained significant interest among vehicle owners and fleet managers, to maintain the vehicles’ longevity and reduce the risk of mishaps on the road.