Global and United States Automotive Wheel Balancing Weight Market Insights, Forecast to 2027

Automotive Wheel Balancing 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.
In the global companies that produce the automotive wheel balancing weight, the WEGMANN had the maximum market share with about 32% in 2019.
Between the two types of automotive wheel balancing weight, the adhesive type held more market share with around 54% in 2019.

Market Analysis and Insights: Global and United States Automotive Wheel Balancing Weight Market
This report focuses on global and United States Automotive Wheel Balancing Weight market.
In 2020, the global Automotive Wheel Balancing Weight market size was US$ 547.9 million and it is expected to reach US$ 863.2 million by the end of 2027, with a CAGR of 6.7% during 2021-2027. In United States the Automotive Wheel Balancing Weight market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Automotive Wheel Balancing Weight Scope and Market Size
Automotive Wheel Balancing Weight market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Wheel Balancing Weight market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Automotive Wheel Balancing Weight market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.

Segment by Type
Clip-On Type
Adhesive Type

Segment by Application
Passenger Vehicle
Commercial Vehicle

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
WEGMANN
TOHO KOGYO
Hennessy
Baolong
Shengshi Weiye
3M
Trax JH Ltd
Yaqiya
HEBEI XST
Hatco
Wurth USA
Alpha Autoparts
Holman
Bharat Balancing Weightss
HEBEI FANYA