PUBLISHER: The Business Research Company | PRODUCT CODE: 1731064
PUBLISHER: The Business Research Company | PRODUCT CODE: 1731064
Wheel balancing is the process of ensuring even weight distribution in a tire and wheel assembly to facilitate smooth rotation at high speeds. This is achieved by mounting the wheel on a balancing machine, which detects imbalances and indicates where counterweights should be placed to correct uneven weight distribution. Proper wheel balancing minimizes vibrations, enhances driving comfort, extends tire lifespan, and prevents premature wear on suspension components.
The primary wheel balancing products include static wheel balancing machines, dynamic wheel balancing machines, bubble wheel balancing machines, and others. Static wheel balancing machines identify weight imbalances in a stationary wheel without requiring rotation. These machines are distributed through online, offline, and direct sales channels and are available in automatic, semi-automatic, and manual configurations. They are used for both commercial and passenger vehicles.
The wheel balancing market research report is one of a series of new reports from The Business Research Company that provides wheel balancing market statistics, including wheel balancing industry global market size, regional shares, competitors with a wheel balancing market share, detailed wheel balancing market segments, market trends and opportunities, and any further data you may need to thrive in the wheel balancing industry. This wheel balancing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wheel balancing market size has grown strongly in recent years. It will grow from $2.78 billion in 2024 to $2.97 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period was driven by factors such as rising consumer demand, increased use of lightweight alloy wheels, expanding urbanization, a growing preference for tubeless tires, and an increasing need for balancing solutions.
The wheel balancing market size is expected to see strong growth in the next few years. It will grow to $3.82 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. In the forecast period, growth is expected to be fueled by rising global vehicle ownership rates, increasing demand for electric vehicles, higher consumer spending, expanding infrastructure development, and the growing use of eco-friendly and sustainable balancing materials. Key trends anticipated during this period include the emergence of mobile wheel balancing services, integration with telematics, a focus on fuel efficiency, advancements in balancing technologies, and the use of artificial intelligence (AI) for dynamic balancing.
The growing demand for electric vehicles is expected to significantly drive the growth of the wheel balancing market in the coming years. Electric vehicles (EVs) are powered entirely or partially by electricity, utilizing batteries or fuel cells instead of traditional internal combustion engines. The rise in demand for EVs is fueled by increasing environmental awareness, government incentives, and advancements in battery technology, which have improved both the efficiency and affordability of these vehicles. Wheel balancing plays a crucial role in enhancing the performance of electric vehicles by reducing tire wear, minimizing energy loss, and improving driving stability, ultimately making EVs more reliable and cost-effective, thus further boosting their demand. For example, according to the International Energy Agency in April 2023, global EV sales reached 10 million in 2022, with China accounting for 60%, Europe increasing by 15%, and the U.S. by 55%. By the end of 2023, sales surged to 14 million, marking a 35% increase, driven by China's market dominance and continued growth in Europe and the U.S. due to policy support. As such, the increasing demand for electric vehicles is fueling growth in the wheel balancing market.
Companies in the wheel balancing market are focusing on developing advanced products such as heavy-duty wheel balancers to manage larger, heavier wheels with enhanced precision. Heavy-duty wheel balancers are specialized machines designed to balance the large wheels of commercial trucks, buses, and industrial vehicles, ensuring smooth operation and reducing tire wear. For example, in January 2025, ARI-HETRA, a US-based manufacturer of transportation maintenance equipment, introduced the WS-25WB50, WS-25WB30, and WS-25WB10 heavy-duty wheel balancers. The WS-25WB series provides advanced wheel balancing solutions tailored to various needs. The Premium Model (WS-25WB50) features a 19-inch LCD display, an online management console, and a built-in wheel lift for easy handling. The Advanced Model (WS-25WB30) offers a digital display, the same online management system, and a built-in wheel lift for smooth operation. For portability, the Compact Model (WS-25WB10) runs on a battery-powered display, includes an online console, and features a hand-crank wheel lift. All models support tires up to 50 inches in diameter, 440 lbs in weight, and rim sizes ranging from 8 to 26 inches, requiring an air supply for operation.
In January 2025, Martins Industries, a Canada-based tire equipment manufacturer, acquired ABC American Balancing Corp. for an undisclosed sum. This acquisition enhances Martins Industries' wheel balancing portfolio by integrating ABC American Balancing Corp.'s bead-based balancing technology, which strengthens its position in the market and expands its ability to provide efficient and precise solutions for a wider range of vehicles, including motorcycles. ABC American Balancing Corp. specializes in tire balancing beads and is also based in Canada.
Major players in the wheel balancing market are Hunter Engineering Company, Ravaglioli S.p.A., Corghi Pty Ltd., Snap-on Incorporated, ATS Elgi Limited, Shanghai Balance Automotive Equipment Co., Ltd., Beissbarth GmbH, CEMB S.p.A., Icon Autocraft Pvt Ltd., Tecalemit Garage Equipment Company Limited, Atlas Auto Equipment, Hofmann, Giuliano Industrial S.p.A., Delta Equipment, BendPak Holdings LLC, Sice Srl, Mayflower Equipment Co. Inc., The Coats Company, Naman Automotive Solutions, Hi-tech Pneumatics, and Techfanatics Equipment Limited.
North America was the largest region in the wheel balancing market in 2024. The regions covered in wheel balancing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the wheel balancing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wheel balancing market consists of revenues earned by entities by providing services such as wheel alignment, custom wheel installation, tire mounting, and dismounting. The market value includes the value of related goods sold by the service provider or included within the service offering. The wheel balancing market also includes sales of wheel weights, tire changers, wheel alignment systems, air compressors, balancing beads, and powders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wheel Balancing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wheel balancing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wheel balancing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wheel balancing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.