Tire Changers Market Size, Share & Industry Analysis, By Vehicle Type (Passenger Car, LCV, and HCV), By Wheel Diameter Size (Up to 30'', 30''-50'', and Above 50''), and Regional Forecast, 2024-2032

The global tire changers market size was valued at USD 583.3 million in 2023. The market is expected to grow from USD 610.2 million in 2024 to USD 928.2 million by 2032, exhibiting a CAGR of 5.4% during the forecast period.

The tire changers market refers to a sector within the automotive industry that involves the manufacturing, distribution, and sales of equipment designed specifically for changing vehicle tires. A tire changer is an automotive equipment/machine used by automotive technicians or individuals to remove and install tires into the rims of the wheels. The market encompasses various types, including manual, semi-automatic, and fully automatic tire changer models, each offering different levels of automation and features to accommodate different tire sizes and types of vehicles. These machines are essential for automotive repair shops, tire retailers, vehicle maintenance facilities, and individual vehicle enthusiasts who prefer to perform tire changes on their own.

The COVID-19 pandemic disrupted global supply chains due to delays in producing and distributing tire changers. Factory closures, transportation restrictions, and shortages of raw materials hindered the manufacturing process, affecting the product availability in the market.

Tire Changers Market Trends

Integration of Automated System into Tire Changers to Drive Market Growth

The tire changers market continues to witness innovations driven by advancements in technology. This includes the integration of digital interfaces, automated systems, and IoT (Internet of Things) capabilities into tire changing equipment. These technological upgrades aim to improve efficiency, accuracy, and user experience while enabling remote monitoring and diagnostics. This development will drive the tire changers market growth during the forecast period.

In February 2023, RoboTire introduced and executed an automated tire changing system at a Discount Tire store in Arlington, Texas. RoboTire’s tire-changing system utilizes state-of-the-art robotics and technologically advanced algorithms to change tires while maintaining the highest levels of safety quickly and accurately for both customers and technicians. The system can change tires in as little as 25 minutes, significantly reducing service time compared to traditional methods.

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Tire Changers Market Growth Factors

Rising Vehicle Ownership Rate & Rapid Automotive Industry Growth to Boost Market Growth

The overall growth of the automotive industry plays a considerable role in driving the demand for tire changers. As the number of vehicles on the road increases, tire maintenance, repair, and replacement services will increase. This factor will drive the demand for tire changing machines in automotive repair shops, tire retail stores, and maintenance facilities. The rate of vehicle ownership in a given region is directly proportional to the demand for tire changing machines. Higher vehicle ownership rate translates to increased demand for tire maintenance services, including tire changes, rotations, and alignments. This development will fuel the demand for tire changers during the forecast period. For instance, in 2023, according to CPCA, in China, the new energy vehicle penetration rate at retail was 35.7%, which was up 8.1 percentage points from 2022. In 2023, China had 24.56 million newly registered vehicles, the 10th consecutive year of crossing the 20 million mark, according to the MPS.

RESTRAINING FACTORS

High Initial Investment Costs, Maintenance, and Operating Expenses May Hamper Market Development

Tire changing machines require a significant initial investment from automotive repair shops and maintenance facilities. The high upfront costs of purchasing tire changing equipment may act as an entry barrier for small businesses or individuals looking to start or expand their operations. Thus, high initial investment costs may hamper the tire changers market growth.

In addition to the initial purchase cost, tire changer machines incur high maintenance and operating expenses. Regular maintenance, repairs, and replacement of parts can add to the overall cost of ownership, particularly for older or heavily used equipment. These expenses may deter some businesses from investing in tire changing equipment.

Tire Changers Market Segmentation Analysis

By Vehicle Type Analysis

Higher Frequency of Tire Replacement in Passenger Cars to Fuel Passenger Car Segment Growth

The market is segmented into passenger cars, LCVs, and HCVs based on vehicle type.

The passenger car segment held the highest market share in 2023 and might retain its dominance during the forecast period as well. The segment’s strong growth is credited to the higher frequency of car tire replacement in passenger vehicles. Passenger cars typically undergo more frequent tire replacements due to daily commuting, varied driving conditions, and shorter tire lifespans. This increased frequency of tire changes translates into higher product demand.

The LCV segment holds the second-largest market share. Light Commercial Vehicles (LCVs) are primarily used for commercial purposes, such as delivery, transportation of goods, and service provision. They are essential for logistics, construction, and trade industries. With a significant number of LCVs operating globally, a substantial demand for tire maintenance and replacement services will drive the tire changers market share.

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By Wheel Diameter Size Analysis

Increase in Demand for High-End Vehicles to Drive 30’’-50" Segment Progress

Based on the wheel diameter size, the market is divided into up to 30", 30''-50", and above 50".

The 30’’-50" segment has captured the biggest market share. This wheel diameter range is commonly found in high-end vehicles. The segment’s growth is due to the increasing adoption of high-end vehicles, such as luxury cars, performance vehicles, SUVs, and light trucks. However, these vehicles often come equipped with larger wheels to enhance aesthetics, performance, and handling.

The up to 30” segment accounted for the second-largest share of the market in 2023. The segment’s growth is attributed due to the wide applicability of this wheel diameter range. Vehicles with wheel diameters of up to 30" cover a broad range of vehicle types, including passenger cars, SUVs, vans, and recreational vehicles.

REGIONAL INSIGHTS

The market is analyzed across North America, Europe, Asia Pacific, and the rest of the world.

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Asia Pacific dominated the global market and was valued at USD 284.2 million in 2023. The region will likely dominate the market during the forecast period and also by recording the fastest CAGR. The high automotive sales and growing number of on-road vehicles in the region will further propel the demand for tire changers. The existence of a robust auto sector in developing countries of Asia Pacific, such as China, India, Japan, South Korea, and others, will also support the market expansion in the region.

Europe has captured the second-biggest share of the global market as the region is known to be an early adopter of new energy vehicles and is the second-largest producer of vehicles in the world. Europe has a robust aftermarket services industry, with a strong emphasis on vehicle maintenance and repair. European vehicle owners tend to prioritize regular maintenance to ensure the longevity and performance of their vehicles. Tire changer equipment is essential for aftermarket service providers to deliver efficient and reliable tire replacement services. These aftermarket services will boost the regional market growth during the forecast period.

List of Key Companies in Tire Changers Market

Companies to Focus On Expansion of Product Portfolio & Sales Network, Mergers, and Acquisitions to Drive Market Growth

The major players in this market include SNAP-ON, Corwei (Yingkou) Industrial CO., LTD, and Nexion s.p.a. The tire changer system manufacturers are focusing on expanding their product portfolios & sales networks, and are entering partnerships with other firms.

SNAP-ON is one of the top producers of tire changers. The company is increasing its focus on research and development programs and initiatives to create new and high-quality products with enhances features. The company designs, manufactures, and distributes tool and equipment solutions worldwide.

List of Key Companies Profiled:

• Bosch (Germany)


• Twinbusch (Germany)


• Hofmann Industries (U.S.)


• Snap ON (U.S.)


• Hunter Engineering Company Information (U.S.)


• BendPak Inc (U.S.)


• J. P. Hennessy Drive LaVergne (U.S.)


• Ravaglioli (Italy)


• NEXION S.p.A. (Italy)


• Giuliano (Italy)


• Coseng Automotive Equipment Zhuhai Ltd. (China)


• Shanghai Balance Automotive Equipment Co., Ltd (China)


• FASEP 2000 SRL (Italy)


• SICAM srl soc. unip. (Italy)


• Corwei (Yingkou) Industrial Co. (China)


• Eagle Equipment Corporation (U.S.)


• Beissbarth Automotive Testing Solutions GmbH (Germany)

KEY INDUSTRY DEVELOPMENTS:

• In February 2024, Rabaconda introduced the All-New Mini Tire changers. Rabaconda Mini Tire changers are made to quickly and easily change motorcycle tires from 10 to 17 inches, which are often some of the most difficult tire types to change. The Mini Tire changer is an extremely small and portable tool.


• In December 2022, RoboTire signed a partnership with Creamery Tire, Inc. The partnership between Creamery Tire, which offers customers a striking tire-buying experience, and RoboTire’s systems using robotics, machine learning, and artificial intelligence will aim to enhance the overall tire-changing experience for customers in Pennsylvania.


• In November 2022, Hunter Engineering revealed the Maverick, its newest premium center-clamp tire changer with “Revolutionary” DNA. The new model debuted at Hunter’s booth on the first day of the SEMA 2022 in Las Vegas.


• In August 2022, RoboTire announced that it would install its first revolutionary tire changing system at Discount Tire. Discount Tire is a physical retailer of tires and wheels with more than 1,100 stores in the U.S.


• In February 2021, Hunter introduced two new tabletop tire changers: the TCX58 and TCX59. The two models were specially designed to service SUV and truck tires. These models feature a bead-breaking shovel system and Hunter’s automatic swing arm. They are built on Hunter’s 220V 2-speed chassis.

REPORT COVERAGE

The report provides a detailed market analysis and focuses on key aspects, such as leading market participants, competitive landscape, and types. Besides, it includes insights into the market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the market's growth in recent years.

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