Global Tyre Changers Market Size By Type (Below 15 Inches or Less, 15 to 24 Inches), By Application (4S Shop, Repair Shop), By Region, And Segment Forecasts, 2023 to 2032

The Global Tyre Changers Market was valued at approximately USD 1.4 billion in 2023 and is anticipated to surpass USD 2.5 billion by 2031, growing at a CAGR of 7.2% over the forecast period (2023-2031). This growth is primarily driven by the rising global automotive fleet, increased automotive repair and maintenance activities, and advancements in tyre-changing technologies that provide more efficient and user-friendly options. The demand for automatic and semi-automatic tyre changers is increasing among automotive service centers, boosting the market outlook.

Drivers

Growing Automotive Industry: The rapid growth in the global automotive industry, especially in emerging markets, has led to an increase in the demand for tyre changers. The need for routine maintenance and tyre replacement for vehicles propels the demand in the market.

Technological Advancements in Tyre Changers: Innovations in tyre changers, such as automated and touchless changers, have improved operational efficiency and safety, making them popular among automotive service providers.

Increased Awareness of Vehicle Safety: Rising consumer awareness regarding vehicle safety is encouraging frequent vehicle servicing, contributing to the market growth for tyre changers.

Restraints

High Initial Costs: The significant initial cost of advanced tyre changers, especially fully automatic types, can hinder their adoption among small-scale service providers.

Skill Requirement: Effective operation of automated tyre changers requires skilled personnel, and the lack of expertise in certain regions may act as a restraint to market growth.

Opportunities

Expansion in Emerging Economies: Rapid urbanization, increased vehicle ownership, and the establishment of automotive service centers in emerging markets present lucrative opportunities.

Integration of IoT and AI: Tyre changers equipped with IoT and AI features can offer predictive maintenance, reducing downtime and enhancing productivity in large automotive workshops.

Market by System Type Insights

The market is segmented based on system types, with Automatic Tyre Changers expected to hold the largest market share during the forecast period due to their ease of operation and reduced manual labor requirements. Semi-Automatic Tyre Changers remain popular among small and medium service providers due to their cost-effectiveness and versatility.

Market by End-use Insights

The Automotive Repair Shops segment is the largest end-use segment for tyre changers, driven by the rising frequency of routine maintenance and tyre replacement services. The Commercial Vehicle Repair Centers segment is also witnessing growth due to the increasing number of heavy-duty vehicles on the road, which require frequent tyre replacements.

Market by Regional Insights

Geographically, Asia-Pacific is the leading market for tyre changers, driven by rapid urbanization, increasing disposable incomes, and a booming automotive industry in countries like China and India. North America holds a significant market share due to the high demand for advanced automotive service equipment, while Europe is also a substantial market driven by a focus on vehicle safety and technological advancements in automotive service infrastructure.

Competitive Scenario

Key players in the Global Tyre Changers Market include Hunter Engineering Company, Snap-on Incorporated, Bosch Automotive Service Solutions, Corghi S.p.A., and Ravaglioli S.p.A. These companies are focusing on technological advancements, new product launches, and strategic partnerships to enhance their market position. For instance:

In 2023, Hunter Engineering launched a fully automated tyre changer with integrated AI for predictive maintenance.

Snap-on Incorporated introduced a high-precision tyre changer in 2022, optimized for heavy-duty vehicles.

Scope of Work – Global Tyre Changers Market

Key Market Developments

Hunter Engineering launched an AI-driven automated tyre changer in 2023 for improved operational efficiency.

Snap-on Incorporated developed a new precision tyre changer targeting heavy-duty vehicle segments in 2022.

Bosch Automotive Service Solutions introduced a smart tyre changer with IoT features to streamline servicing operations in 2024.

FAQs

What is the current market size of the Global Tyre Changers Market?

The Global Tyre Changers Market was valued at USD 1.4 billion in 2023.

What is the major growth driver of the Global Tyre Changers Market?

The market's growth is driven by the expanding automotive industry, increased need for regular vehicle maintenance, and technological advancements in tyre-changing equipment.

Which is the largest region during the forecast period in the Global Tyre Changers Market?

Asia-Pacific is expected to be the largest region, supported by a growing automotive sector and increased vehicle ownership.

Which segment accounted for the largest market share in Global Tyre Changers Market?

The Automatic Tyre Changers segment accounted for the largest share in 2023, due to high demand for efficient, automated solutions in service centers.

Who are the key market players in the Global Tyre Changers Market?

Key players include Hunter Engineering Company, Snap-on Incorporated, Bosch Automotive Service Solutions, Corghi S.p.A., and Ravaglioli S.p.A.