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Global Wheel Weight Market Research Report 2024
Synopsis
Wheel Weight also referred to as tire balance, describes the distribution of mass within an automobile tire or the entire wheel (including the rim) to which it is attached.
When the wheel rotates, asymmetries of mass may cause it to hop or wobble, which can cause ride disturbances, usually vertical and lateral vibrations. It can also result in a wobbling of the steering wheel or of the entire vehicle. Vehicle suspensions can become excited by unbalance forces when the speed of the wheel reaches a point that its rotating frequency equals the suspension’s resonant frequency.
Tires are balanced in factories and repair shops by two methods: static balancers and dynamic balancers. Static imbalance is caused by a difference of weight over the whole plane of the wheel. Dynamic imbalance means a difference of weight outside the plane of the wheel. In order to reach a perfect balance, both imbalances must be corrected.
Tires with high unbalance forces are downgraded or rejected. When tires are fitted to wheels at the point of sale, they are measured again on a balancing machine, and correction weights are applied to counteract the combined effect of the tire and wheel unbalance. After sale, tires may be rebalanced if driver perceives excessive vibration.
The global Wheel Weight market was valued at US$ 677.3 million in 2023 and is anticipated to reach US$ 747.4 million by 2030, witnessing a CAGR of 1.4% during the forecast period 2024-2030.
Market competition is not intense. WEGMANN, Plombco, TOHO KOGYO, Hennessy and Shengshi Weiye, etc. are the leaders of the industry, with about 42% market shares. Asia Pacific is the largest consumption place, with a consumption market share nearly 50%. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 22%.
This report aims to provide a comprehensive presentation of the global market for Wheel Weight, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheel Weight.
Report Scope
The Wheel Weight market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wheel Weight market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wheel Weight manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
WEGMANN
Plombco
TOHO KOGYO
Hennessy
Shengshi Weiye
3M
Trax JH Ltd
Baolong
Jiangyin Yinxinde
HEBEI XST
Yaqiya
Wurth USA
Alpha Autoparts
Holman
Hatco
Bharat Balancing Weightss
HEBEI FANYA
Segment by Type
Clip-On Type
Adhesive Type
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wheel Weight manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wheel Weight by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wheel Weight in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Wheel Weight also referred to as tire balance, describes the distribution of mass within an automobile tire or the entire wheel (including the rim) to which it is attached.
When the wheel rotates, asymmetries of mass may cause it to hop or wobble, which can cause ride disturbances, usually vertical and lateral vibrations. It can also result in a wobbling of the steering wheel or of the entire vehicle. Vehicle suspensions can become excited by unbalance forces when the speed of the wheel reaches a point that its rotating frequency equals the suspension’s resonant frequency.
Tires are balanced in factories and repair shops by two methods: static balancers and dynamic balancers. Static imbalance is caused by a difference of weight over the whole plane of the wheel. Dynamic imbalance means a difference of weight outside the plane of the wheel. In order to reach a perfect balance, both imbalances must be corrected.
Tires with high unbalance forces are downgraded or rejected. When tires are fitted to wheels at the point of sale, they are measured again on a balancing machine, and correction weights are applied to counteract the combined effect of the tire and wheel unbalance. After sale, tires may be rebalanced if driver perceives excessive vibration.
The global Wheel Weight market was valued at US$ 677.3 million in 2023 and is anticipated to reach US$ 747.4 million by 2030, witnessing a CAGR of 1.4% during the forecast period 2024-2030.
Market competition is not intense. WEGMANN, Plombco, TOHO KOGYO, Hennessy and Shengshi Weiye, etc. are the leaders of the industry, with about 42% market shares. Asia Pacific is the largest consumption place, with a consumption market share nearly 50%. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 22%.
This report aims to provide a comprehensive presentation of the global market for Wheel Weight, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheel Weight.
Report Scope
The Wheel Weight market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wheel Weight market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wheel Weight manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
WEGMANN
Plombco
TOHO KOGYO
Hennessy
Shengshi Weiye
3M
Trax JH Ltd
Baolong
Jiangyin Yinxinde
HEBEI XST
Yaqiya
Wurth USA
Alpha Autoparts
Holman
Hatco
Bharat Balancing Weightss
HEBEI FANYA
Segment by Type
Clip-On Type
Adhesive Type
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wheel Weight manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wheel Weight by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wheel Weight in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Wheel Weight Market Overview
1.1 Product Definition
1.2 Wheel Weight Segment by Type
1.2.1 Global Wheel Weight Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Clip-On Type
1.2.3 Adhesive Type
1.3 Wheel Weight Segment by Application
1.3.1 Global Wheel Weight Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Wheel Weight Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Wheel Weight Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Wheel Weight Production Estimates and Forecasts (2019-2030)
1.4.4 Global Wheel Weight Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Wheel Weight Production Market Share by Manufacturers (2019-2024)
2.2 Global Wheel Weight Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Wheel Weight, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Wheel Weight Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Wheel Weight Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Wheel Weight, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Wheel Weight, Product Offered and Application
2.8 Global Key Manufacturers of Wheel Weight, Date of Enter into This Industry
2.9 Wheel Weight Market Competitive Situation and Trends
2.9.1 Wheel Weight Market Concentration Rate
2.9.2 Global 5 and 10 Largest Wheel Weight Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Wheel Weight Production by Region
3.1 Global Wheel Weight Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Wheel Weight Production Value by Region (2019-2030)
3.2.1 Global Wheel Weight Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Wheel Weight by Region (2025-2030)
3.3 Global Wheel Weight Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Wheel Weight Production by Region (2019-2030)
3.4.1 Global Wheel Weight Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Wheel Weight by Region (2025-2030)
3.5 Global Wheel Weight Market Price Analysis by Region (2019-2024)
3.6 Global Wheel Weight Production and Value, Year-over-Year Growth
3.6.1 North America Wheel Weight Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Wheel Weight Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Wheel Weight Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Wheel Weight Production Value Estimates and Forecasts (2019-2030)
3.6.5 India Wheel Weight Production Value Estimates and Forecasts (2019-2030)
4 Wheel Weight Consumption by Region
4.1 Global Wheel Weight Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Wheel Weight Consumption by Region (2019-2030)
4.2.1 Global Wheel Weight Consumption by Region (2019-2024)
4.2.2 Global Wheel Weight Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Wheel Weight Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Wheel Weight Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Wheel Weight Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Wheel Weight Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Wheel Weight Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Wheel Weight Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Wheel Weight Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Wheel Weight Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Wheel Weight Production by Type (2019-2030)
5.1.1 Global Wheel Weight Production by Type (2019-2024)
5.1.2 Global Wheel Weight Production by Type (2025-2030)
5.1.3 Global Wheel Weight Production Market Share by Type (2019-2030)
5.2 Global Wheel Weight Production Value by Type (2019-2030)
5.2.1 Global Wheel Weight Production Value by Type (2019-2024)
5.2.2 Global Wheel Weight Production Value by Type (2025-2030)
5.2.3 Global Wheel Weight Production Value Market Share by Type (2019-2030)
5.3 Global Wheel Weight Price by Type (2019-2030)
6 Segment by Application
6.1 Global Wheel Weight Production by Application (2019-2030)
6.1.1 Global Wheel Weight Production by Application (2019-2024)
6.1.2 Global Wheel Weight Production by Application (2025-2030)
6.1.3 Global Wheel Weight Production Market Share by Application (2019-2030)
6.2 Global Wheel Weight Production Value by Application (2019-2030)
6.2.1 Global Wheel Weight Production Value by Application (2019-2024)
6.2.2 Global Wheel Weight Production Value by Application (2025-2030)
6.2.3 Global Wheel Weight Production Value Market Share by Application (2019-2030)
6.3 Global Wheel Weight Price by Application (2019-2030)
7 Key Companies Profiled
7.1 WEGMANN
7.1.1 WEGMANN Wheel Weight Corporation Information
7.1.2 WEGMANN Wheel Weight Product Portfolio
7.1.3 WEGMANN Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.1.4 WEGMANN Main Business and Markets Served
7.1.5 WEGMANN Recent Developments/Updates
7.2 Plombco
7.2.1 Plombco Wheel Weight Corporation Information
7.2.2 Plombco Wheel Weight Product Portfolio
7.2.3 Plombco Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Plombco Main Business and Markets Served
7.2.5 Plombco Recent Developments/Updates
7.3 TOHO KOGYO
7.3.1 TOHO KOGYO Wheel Weight Corporation Information
7.3.2 TOHO KOGYO Wheel Weight Product Portfolio
7.3.3 TOHO KOGYO Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.3.4 TOHO KOGYO Main Business and Markets Served
7.3.5 TOHO KOGYO Recent Developments/Updates
7.4 Hennessy
7.4.1 Hennessy Wheel Weight Corporation Information
7.4.2 Hennessy Wheel Weight Product Portfolio
7.4.3 Hennessy Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Hennessy Main Business and Markets Served
7.4.5 Hennessy Recent Developments/Updates
7.5 Shengshi Weiye
7.5.1 Shengshi Weiye Wheel Weight Corporation Information
7.5.2 Shengshi Weiye Wheel Weight Product Portfolio
7.5.3 Shengshi Weiye Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Shengshi Weiye Main Business and Markets Served
7.5.5 Shengshi Weiye Recent Developments/Updates
7.6 3M
7.6.1 3M Wheel Weight Corporation Information
7.6.2 3M Wheel Weight Product Portfolio
7.6.3 3M Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.6.4 3M Main Business and Markets Served
7.6.5 3M Recent Developments/Updates
7.7 Trax JH Ltd
7.7.1 Trax JH Ltd Wheel Weight Corporation Information
7.7.2 Trax JH Ltd Wheel Weight Product Portfolio
7.7.3 Trax JH Ltd Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Trax JH Ltd Main Business and Markets Served
7.7.5 Trax JH Ltd Recent Developments/Updates
7.8 Baolong
7.8.1 Baolong Wheel Weight Corporation Information
7.8.2 Baolong Wheel Weight Product Portfolio
7.8.3 Baolong Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Baolong Main Business and Markets Served
7.7.5 Baolong Recent Developments/Updates
7.9 Jiangyin Yinxinde
7.9.1 Jiangyin Yinxinde Wheel Weight Corporation Information
7.9.2 Jiangyin Yinxinde Wheel Weight Product Portfolio
7.9.3 Jiangyin Yinxinde Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Jiangyin Yinxinde Main Business and Markets Served
7.9.5 Jiangyin Yinxinde Recent Developments/Updates
7.10 HEBEI XST
7.10.1 HEBEI XST Wheel Weight Corporation Information
7.10.2 HEBEI XST Wheel Weight Product Portfolio
7.10.3 HEBEI XST Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.10.4 HEBEI XST Main Business and Markets Served
7.10.5 HEBEI XST Recent Developments/Updates
7.11 Yaqiya
7.11.1 Yaqiya Wheel Weight Corporation Information
7.11.2 Yaqiya Wheel Weight Product Portfolio
7.11.3 Yaqiya Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Yaqiya Main Business and Markets Served
7.11.5 Yaqiya Recent Developments/Updates
7.12 Wurth USA
7.12.1 Wurth USA Wheel Weight Corporation Information
7.12.2 Wurth USA Wheel Weight Product Portfolio
7.12.3 Wurth USA Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Wurth USA Main Business and Markets Served
7.12.5 Wurth USA Recent Developments/Updates
7.13 Alpha Autoparts
7.13.1 Alpha Autoparts Wheel Weight Corporation Information
7.13.2 Alpha Autoparts Wheel Weight Product Portfolio
7.13.3 Alpha Autoparts Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Alpha Autoparts Main Business and Markets Served
7.13.5 Alpha Autoparts Recent Developments/Updates
7.14 Holman
7.14.1 Holman Wheel Weight Corporation Information
7.14.2 Holman Wheel Weight Product Portfolio
7.14.3 Holman Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Holman Main Business and Markets Served
7.14.5 Holman Recent Developments/Updates
7.15 Hatco
7.15.1 Hatco Wheel Weight Corporation Information
7.15.2 Hatco Wheel Weight Product Portfolio
7.15.3 Hatco Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Hatco Main Business and Markets Served
7.15.5 Hatco Recent Developments/Updates
7.16 Bharat Balancing Weightss
7.16.1 Bharat Balancing Weightss Wheel Weight Corporation Information
7.16.2 Bharat Balancing Weightss Wheel Weight Product Portfolio
7.16.3 Bharat Balancing Weightss Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Bharat Balancing Weightss Main Business and Markets Served
7.16.5 Bharat Balancing Weightss Recent Developments/Updates
7.17 HEBEI FANYA
7.17.1 HEBEI FANYA Wheel Weight Corporation Information
7.17.2 HEBEI FANYA Wheel Weight Product Portfolio
7.17.3 HEBEI FANYA Wheel Weight Production, Value, Price and Gross Margin (2019-2024)
7.17.4 HEBEI FANYA Main Business and Markets Served
7.17.5 HEBEI FANYA Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Wheel Weight Industry Chain Analysis
8.2 Wheel Weight Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Wheel Weight Production Mode & Process
8.4 Wheel Weight Sales and Marketing
8.4.1 Wheel Weight Sales Channels
8.4.2 Wheel Weight Distributors
8.5 Wheel Weight Customers
9 Wheel Weight Market Dynamics
9.1 Wheel Weight Industry Trends
9.2 Wheel Weight Market Drivers
9.3 Wheel Weight Market Challenges
9.4 Wheel Weight Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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