The Tire Changing Machines Market Size was valued at USD 0.515 Billion in 2022. The Global Tire Changing Machines industry is projected to grow from USD 0.538 Billion in 2023 to USD 0.771 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 4.60% during the forecast period (2023 - 2032). Increased complexity and specialization of modern automotive tires and the prevalence of tire-related services and maintenance needs are the key market drivers enhancing the market growth.
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for tire changing equipment is being driven by the rising complexity and specialization of modern automotive tires. As automotive technology advances, tires have become more specialized, featuring intricate designs, varying sizes, and complex materials to meet specific performance requirements. Modern tires often include advanced technologies such as run-flat capabilities, low-profile designs, and specific tread patterns to enhance performance, fuel efficiency, and safety. These features make traditional tire changing methods more challenging and necessitate specialized equipment to handle the complexity of these technologically advanced tires.
Many modern tires are equipped with sensors and rim protection features, adding another layer of complexity during the tire changing process. Tire-changing machines designed for modern tires must be equipped with advanced functionalities to handle delicate rims, avoid damage to tire pressure monitoring system (TPMS) sensors, and accommodate the specific requirements of these high-tech components. The automotive market now offers a wide range of vehicle types, each requiring tires with different sizes, load capacities, and functionalities. Tire changing equipment must be versatile enough to accommodate the diverse needs of passenger cars, SUVs, trucks, and performance vehicles. This diversity in tire sizes and types drives the demand for tire changing machines that offer flexibility and adaptability. The complexity of modern tires emphasizes the need for tire-changing processes to be highly efficient and precise. Tire changing machines with advanced features, such as automated mounting and demounting procedures, assist in reducing the risk of damage to tires and wheels while ensuring a quicker and more accurate tire replacement process.
Tire changing equipment often come equipped with specialized tools and accessories to address the intricacies of modern tires. These may include bead breakers, mounting heads, and clamping systems designed to handle the unique characteristics of high-performance, low-profile, or run-flat tires. The complexity of modern tires increases the importance of skilled technicians and operators who can efficiently use tire changing equipment. As a result, there is a growing demand for training programs and educational resources to ensure that professionals can effectively navigate the intricacies of changing modern tires using advanced tire changing equipment. Automotive service providers and tire shops face increasing competition, and offering services that can accommodate the complexity of modern tires becomes a competitive advantage. Investing in state-of-the-art tire changing equipment positions these businesses to attract customers seeking efficient and expert tire maintenance. Thus driving the Tire Changing Machines market revenue.
The global Tire Changing Machines market segmentation, based on machine type, includes Manual, Semi-Automatic, and Fully Automatic. The manual segment dominates the market, accounting for the largest market revenue due to its simplicity, cost-effectiveness, and versatility in handling a wide range of tire sizes. These machines are often favored by smaller automotive service centers and independent garages with budget constraints, as they require less initial investment and maintenance compared to their automated counterparts. The ease of the operation and ability to adapt to various tire dimensions make manual tire changing equipment a practical choice for businesses seeking efficient and reliable equipment for tire service operations.
The global Tire Changing Machines market segmentation, based on vehicle type, includes Passenger Cars, Light Commercial Vehicles, Heavy-Duty Vehicles, and Motorcycles. The passenger cars category dominates the market, attributed to their sheer volume and widespread use, representing a significant portion of the global automotive fleet. As passenger cars constitute a substantial majority of vehicles on the road, the demand for tire changing machines is consistently high due to routine maintenance and replacement needs. Additionally, advancements in automotive technology, such as tire pressure monitoring systems and run-flat tires, further contribute to the need for specialized tire changing equipment, solidifying the dominance of passenger cars in driving market trends for these machines. Further, light commercial vehicles are the second-largest segment of the tire changing machine market due to the increasing demand for light trucks and SUVs.
The global Tire Changing Machines market segmentation, based on end users, includes Automotive Service Centers, Vehicle Dealerships, Commercial Fleets, and Repair Shops. The automotive service centers category dominates the market due to their sheer volume of tire-related services and maintenance tasks. As central hubs for vehicle care, these service centers experience consistent demand for tire replacements and repairs, necessitating efficient and high-performance tire changing machines to streamline operations. Their purchasing power, coupled with the need for reliable and time-saving equipment, allows automotive service centers to influence the market by adopting and promoting advanced tire-changing technologies.
Figure 1: Tire Changing Machines Market, by End User, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. The North American Tire Changing Machines market area dominates this market, with robust automotive industry growth, technological innovation, and a high demand for efficient and advanced equipment, positioning the region as a key driver of market trends and developments globally.
Further, the prime countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: TIRE CHANGING MACHINES MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Tire Changing Machines market accounts for the second-largest market share due to the stringent automotive safety standards, a growing emphasis on eco-friendly solutions, and the increasing adoption of advanced tire servicing technologies. Further, the German Tire Changing Machines market held the largest market share, and the UK Tire Changing Machines market was the fastest-growing market in the European region.
The Asia-Pacific Tire Changing Machines Market is to grow at the rapid CAGR from 2023 to 2032. This is due to the region's burgeoning automotive sector, rapid industrialization, and a surge in vehicle ownership. Moreover, China’s Tire Changing Machines market held the largest market share, and the Indian Tire Changing Machines market was the rapid-growing market in the Asia-Pacific region.
Leading market players are investing heavily in the research and development in order to expand their product lines, which will help the Tire Changing Machines market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Tire Changing Machines industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Tire Changing Machines industry to benefit the clients and increase the market sector. In recent years, the Tire Changing Machines industry has offered some of the most significant advantages to automotive industries. Major players in the Tire Changing Machines market, including Hunter Engineering Company, Coats Tire Equipment, Snap-On Incorporated, Bosch Automotive Service Solutions, Beissbarth GmbH, Hennessey Industries, NEXION SpA, Coburg Equipment Private Limited, RAVAmerica, Hoffmann Megaplan, and others, are trying to increase market demand by investing in the research and development operations.
Snap-on Incorporated is an American company that designs, manufactures, and markets high-end tools and the equipment for professional use in various industries, with a focus on automotive repair. Founded in 1920, Snap-on is renowned for its innovative hand tools, power tools, tool storage solutions, and diagnostic equipment, serving professionals such as mechanics, technicians, and industrial workers. The company has a strong global presence and is known for its commitment to quality and precision in its products. Snap-on's products are often considered premium, targeting professionals who require reliable and durable tools for their work. The company operates in multiple segments, including the Snap-on Tools Group, Industrial, and Repair Systems and Information Group, offering a comprehensive range of products and services to its customers. In October 2023, Snap-on Incorporated announced that it had acquired Hofmann Megaplan, a leading manufacturer of tire changing machines and wheel balancers. This acquisition is expected to strengthen Snap-on's position in the global tire service equipment market.
Coats is a well-known company that specializes in manufacturing tire-related equipment, including tire changers, wheel balancers, and other automotive service equipment. Coats has a long history in the industry and is recognized for its innovation and quality in providing solutions for tire and wheel service needs. However, for the most current and specific information about Coats Tire Equipment Company, I recommend checking their official website or contacting them directly for the latest updates on their products, services, and corporate developments. In July 2023, Coats Tire Equipment announced that it had acquired Coats Tire Canada, a leading distributor of tire changing machines and other tire service equipment in Canada. This acquisition is expected to expand Coats Tire Equipment's reach into the Canadian market.
May 2023: Hunter Engineering Company announced that it had acquired Nussbaum Reifenmontagemaschinen GmbH, a leading manufacturer of tire changing machines and wheel balancers in Europe. This acquisition is expected to strengthen Hunter Engineering Company's position in the European tire service equipment market.
May 2023: Hofmann Megaplan announced a partnership with Mahle, a leading manufacturer of automotive parts and components. The partnership will focus on the development of new tire changing machines and other automotive equipment.
July 2023: Beissbarth announced a partnership with Continental, a leading manufacturer of tires and automotive parts. The partnership will focus on the development of new tire-changing machines for the automotive aftermarket.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.515 Billion |
| Market Size 2023 | USD 0.538 Billion |
| Market Size 2032 | USD 0.771 Billion |
| Compound Annual Growth Rate (CAGR) | 4.60% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Machine Type, Vehicle Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Hunter Engineering Company, Coats Tire Equipment, Snap-On Incorporated, Bosch Automotive Service Solutions, Beissbarth GmbH, Hennessey Industries, NEXION SpA, Coburg Equipment Private Limited, RAVAmerica, Hoffmann Megaplan |
| Key Market Opportunities | ·      Prevalence of tire-related services and maintenance needs. |
| Key Market Dynamics | ·      Increased complexity and specialization of modern automotive tires. |
Tire Changing Machines Market Highlights:
Frequently Asked Questions (FAQ) :
The global Tire Changing Machines market size was valued at USD 0.515 Billion in 2022.
The global market is foreseen to rise at a CAGR of 4.60% during the forecast period, 2023-2032.
North America held the biggest share of the global market
The key players in the market are Hunter Engineering Company, Coats Tire Equipment, Snap-On Incorporated, Bosch Automotive Service Solutions, Beissbarth GmbH, Hennessey Industries, NEXION SpA, Coburg Equipment Private Limited, RAVAmerica, Hoffmann Megaplan.
The passenger cars category dominated the market in 2022.
The automotive service centers had the biggest share in the global market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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