The firm said global revenues are expected to reach $541.4 million in 2022, with tire changers and wheel alignment equipment leading the way. It identified Snap-on Inc., Hunter Engineering Co. and Hennessy Industries Inc. as the market leaders.
Frost & Sullivan also noted that technology convergence is scaling down large wheel and tire diagnostic garage equipment tools to fit within automobiles. Optimization will create smaller, sophisticated products that use sensor-based applications to diagnose real-time service escalation needs, the firm said. Manufacturers must focus on achieving the right balance of product mix and placement to meet demand expectation and maintain a competitive advantage.
We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...
Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...
