
Tire Balance Market Trend Analysis Research by Type (Clip-On Type, Adhesive Type), By Balancing Method (Static Balancing, Dynamic Balancing), By Application (Passenger Vehicle, Commercial Vehicle, Motorcycle), By End-User (Automotive Service Providers, Fleet Operators, Individuals), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Global Forecast to 2034.
Feb-2025 Formats | PDF | Category: Automotive | Delivery: 24 to 72 Hours
“The Tire Balance industry is expected to expand from $1.56 Billion in 2025 to $ 2.88 Billion in 2034, with a compound annual growth rate of 5.2%. “
Tire Balance Market: Overview and Growth in the Upcoming Year
Tire balance is the distribution of weight in a tire and wheel assembly to ensure smooth rotation at high speeds. Imbalanced tires can cause uneven wear, vibrations, and handling issues, threatening safety and efficiency. The tire balancing industry offers various products and services to address imbalances and improve tire performance. The industry is driven by increased vehicle production and sales, growing awareness of regular tire care, and the development of new technologies, driving market expansion.
Government regulations requiring automakers to prioritize tire balancing for vehicle performance are driving high demand for tire balance products and services in both OEM and aftermarket categories. Innovative tire balance technology is transforming the market, with manufacturers launching improved solutions for accuracy and efficiency, including dynamic balancing systems and autonomous equipment, promoting automated and precise balance techniques.
Artificial intelligence and machine learning algorithms are being integrated into tire balancing equipment, enabling real-time diagnostics and changes. This technology improves vehicle performance and reduces customer maintenance expenses. The integration of these technologies not only enhances the efficiency of tire balance services but also enhances vehicle performance.
For Insights Consultancy’s latest market intelligence study, “Global Tire Balance Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Automotive industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
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Top Companies Covered In This Report:
- 3M Company
- Snap-on Incorporated
- John Bean Technologies Corp.
- Shanghai Baolong Automotive Corp.
- Hunter Engineering Company
- WEGMANN automotive GmbH.
- Micro-Poise Measurement Systems LLC (AMETEK)
- Perfect Equipment Inc.
- Hebei Xinshitong Accessory Co. Ltd.
- Hennessy Industries Inc.
- Beissbarth GmbH
- Plombco Inc.
- Alpha Autoparts
- Ravaglioli S.p.A
- Hatco (HARTEC s.a.l)
- TECO Automotive Equipment
- Bharat Balancing Weightss Pvt. Ltd.
- Rotary Lift
- M. Maquinas Equipamentos
- CEMB-USA
- Sice Srl
- Corghi USA Inc.
- Hofmann Maschinen- und Anlagenbau GmbH
- Werther International SpA
- Aliner automotive Equipments Pvt. Ltd.
- Cangzhou Shengshiweiye Automobile Accessory Co. Ltd.
- Shanghai Balance Automotive Equipment Co. Ltd.
- Trax JH Ltd.
- Wurth USA Inc
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment by Type
- Clip-On Type
- Adhesive Type
Segment byBalancing Method
- Static Balancing
- Dynamic Balancing
Segment by End-User
- Automotive Service Providers
- Fleet Operators
- Individuals
Segment byApplication
- Passenger Vehicle
- Commercial Vehicle
- Motorcycle
Subsegments:
By Clip-On Type: Standard Clip-On Weights, Custom Clip-On Weights
By Adhesive Type: Stick-On Weights, Pre-Cut Adhesive Weights
Regional Deep-dive Analysis:
The report provides in-depth qualitative and quantitative data on the Tire Balance Market for all of the regions and countries listed below:
- North America includes the United States, Canada, and Mexico.
- Europe includes Germany, France, Italy, the United Kingdom, Scandinavia, Benelux, Russia, and the rest of Europe.
- Asia-Pacific includes Japan, South Korea, India, China, Southeast Asia, and Australia.
- South America (including Brazil, Argentina, and the rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)
Each country is studied in detail, and the study includes qualitative and quantitative analysis of the Tire Balance Market in that country.
North America
The North American tire balance industry is highly competitive, with top competitors offering innovative solutions to meet changing client needs. The US and Canada are driving market expansion, emphasizing advanced tire balance systems. Rising consumer awareness of tire balancing’s importance in vehicle safety is also driving growth.
Europe
Europe’s Germany, France, and the UK are seeing a surge in tire balance demand due to strict vehicle safety and pollution laws. Key market players are focusing on strategic alliances and collaborations to boost their presence in the region.
Asia Pacific
The Asia Pacific region, including China, Japan, and India, is attracting a significant market for tire balance solutions due to urbanization, rising disposable income, and increased automotive manufacturing. Market participants are investing in R&D to develop cost-effective and innovative solutions.
Middle East
The tire balance market in the Middle East, including Saudi Arabia, UAE, and Qatar, is expanding due to the automotive aftermarket business and increased vehicle maintenance awareness. Key competitors are offering tailored solutions to meet the specific needs of Middle Eastern consumers.
Recent News:
In November 2022, Bosch announced an investment of approximately USD 10 billion in digitalization and connectivity by 2025. As automotive technology evolves toward sustainability and digital solutions, this investment is aimed at facilitating advancements in wheel balancing equipment and enhancing efficiency, precision, and sustainability, ultimately improving service quality in the market.
The research provides answers to the following key questions:
- What is the expected growth rate of the Tire Balance market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Tire Balance market?
- What are the prominent market trends influencing the market’s development?
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Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Tire Balance business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things 1) On request more company profiles (competitors) 2) Data about particular country or region 3) We will incorporate the same with no additional cost (Post conducting feasibility).
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Table of Contents
- Executive Summary
- Tire Balance Industry Characteristics
- Tire Balance Industry Trends And Strategies
- Tire Balance Industry – Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
- Global Tire Balance Growth Analysis And Strategic Analysis Framework
5.1. Global Tire Balance PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Tire Balance Industry Growth Rate Analysis
5.4. Global Tire Balance Historic Market Size and Growth, 2019 – 2024, Value ($ Billion)
5.5. Global Tire Balance Forecast Market Size and Growth, 2025 – 2034, 2034F, Value ($ Billion)
5.6. Global Tire Balance Total Addressable Market (TAM)
- Tire Balance Industry Segmentation
6.1. Global Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
Clip-On Type
Adhesive Type
6.2. Global Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
Static Balancing
Dynamic Balancing
6.3. Global Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
Passenger Vehicle
Commercial Vehicle
Motorcycle
6.4. Global Tire Balance Industry, Segmentation By End-User, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
Automotive Service Providers
Fleet Operators
Individuals
6.5. Global Tire Balance Industry, Sub-Segmentation Of Clip-On Type, By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
Standard Clip-On Weights
Custom Clip-On Weights
6.6. Global Tire Balance Industry, Sub-Segmentation Of Adhesive Type, By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
Stick-On Weights
Pre-Cut Adhesive Weights
- Tire Balance Industry Regional And Country Analysis
7.1. Global Tire Balance Industry, Split By Region, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
7.2. Global Tire Balance Industry, Split By Country, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Asia-Pacific Tire Balance Industry
8.1. Asia-Pacific Tire Balance Industry Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
8.3. Asia-Pacific Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
8.4. Asia-Pacific Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- China Tire Balance Industry
9.1. China Tire Balance Industry Overview
9.2. China Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F,$ Billion
9.3. China Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F,$ Billion
9.4. China Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F,$ Billion
- India Tire Balance Industry
10.1. India Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
10.2. India Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
10.3. India Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Japan Tire Balance Industry
11.1. Japan Tire Balance Industry Overview
11.2. Japan Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
11.3. Japan Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
11.4. Japan Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Australia Tire Balance Industry
12.1. Australia Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
12.2. Australia Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
12.3. Australia Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Indonesia Tire Balance Industry
13.1. Indonesia Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
13.2. Indonesia Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
13.3. Indonesia Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- South Korea Tire Balance Industry
14.1. South Korea Tire Balance Industry Overview
14.2. South Korea Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
14.3. South Korea Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
14.4. South Korea Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Western Europe Tire Balance Industry
15.1. Western Europe Tire Balance Industry Overview
15.2. Western Europe Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
15.3. Western Europe Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
15.4. Western Europe Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- UK Tire Balance Industry
16.1. UK Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
16.2. UK Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
16.3. UK Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Germany Tire Balance Industry
17.1. Germany Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
17.2. Germany Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
17.3. Germany Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- France Tire Balance Industry
18.1. France Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
18.2. France Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
18.3. France Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Italy Tire Balance Industry
19.1. Italy Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
19.2. Italy Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
19.3. Italy Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Spain Tire Balance Industry
20.1. Spain Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
20.2. Spain Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
20.3. Spain Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Eastern Europe Tire Balance Industry
21.1. Eastern Europe Tire Balance Industry Overview
21.2. Eastern Europe Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
21.3. Eastern Europe Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
21.4. Eastern Europe Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Russia Tire Balance Industry
22.1. Russia Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
22.2. Russia Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
22.3. Russia Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- North America Tire Balance Industry
23.1. North America Tire Balance Industry Overview
23.2. North America Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
23.3. North America Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
23.4. North America Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- USA Tire Balance Industry
24.1. USA Tire Balance Industry Overview
24.2. USA Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
24.3. USA Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
24.4. USA Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Canada Tire Balance Industry
25.1. Canada Tire Balance Industry Overview
25.2. Canada Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
25.3. Canada Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
25.4. Canada Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- South America Tire Balance Industry
26.1. South America Tire Balance Industry Overview
26.2. South America Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
26.3. South America Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
26.4. South America Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Brazil Tire Balance Industry
27.1. Brazil Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
27.2. Brazil Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
27.3. Brazil Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Middle East Tire Balance Industry
28.1. Middle East Tire Balance Industry Overview
28.2. Middle East Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
28.3. Middle East Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
28.4. Middle East Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Africa Tire Balance Industry
29.1. Africa Tire Balance Industry Overview
29.2. Africa Tire Balance Industry, Segmentation By Type, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
29.3. Africa Tire Balance Industry, Segmentation By Balancing Method, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
29.4. Africa Tire Balance Industry, Segmentation By Application, Historic and Forecast, 2019-2024, 2025-2034F, 2034F, $ Billion
- Tire Balance Industry Competitive Landscape And Company Profiles
30.1. Tire Balance Industry Competitive Landscape
30.2. Tire Balance Industry Company Profiles
30.2.1. 3M Company Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Snap-on Incorporated Overview, Products and Services, Strategy and Financial Analysis
30.2.3. John Bean Technologies Corp. Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Shanghai Baolong Automotive Corp. Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Hunter Engineering Company Overview, Products and Services, Strategy and Financial Analysis
- Tire Balance Industry Other Major And Innovative Companies
31.1. WEGMANN automotive GmbH.
31.2. Micro-Poise Measurement Systems LLC (AMETEK)
31.3. Perfect Equipment Inc.
31.4. Hebei Xinshitong Accessory Co. Ltd.
31.5. Hennessy Industries Inc
31.6. Beissbarth GmbH
31.7. Plombco Inc.
31.8. Alpha Autoparts
31.9. Ravaglioli S.p.A
31.10. Hatco (HARTEC s.a.l)
31.11. TECO Automotive Equipment
31.12. Bharat Balancing Weightss Pvt. Ltd.
31.13. Rotary Lift
31.14. J.M. Maquinas Equipamentos
31.15. CEMB-USA
- Global Tire Balance Industry Competitive Benchmarking And Dashboard
- Key Mergers And Acquisitions In The Tire Balance Industry
- Recent Developments In The Tire Balance Industry
- Tire Balance Industry High Potential Countries, Segments and Strategies
35.1 Tire Balance Industry In 2034 – Countries Offering Most New Opportunities
35.2 Tire Balance Industry In 2034 – Segments Offering Most New Opportunities
35.3 Tire Balance Industry In 2034 – Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
- Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. For Insights Consultancy
36.6. Copyright And Disclaimer
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