Automotive Wheel Alignment Service Market Growth Set To Surge Signi몭cantly During 2020 – 2030 By Transparency Market Research Published December 22, 2021
Automotive Wheel Alignment Service Market: Introduction According to the report, the global automotive wheel alignment service market is projected to surpass US$ 2.5 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. The rise in vehicle sale across the globe and increase in the number of vehicle service centers across the globe boost the automotive wheel alignment service market across the globe. The adoption of EVs in the commercial transportation segment, owing to numerous bene몭ts offered by them over conventional (IC-engine) vehicles, is likely to be a trend to watch for in the near future. Furthermore, policies regulating the adoption of EVs in developed countries are expected to drive their adoption as electric light duty vehicles, which, in turn, is likely to increase the sale of EVs across the globe and consequently, drive the global wheel alignment service market during the forecast period. The automotive wheel alignment service market is anticipated to expand during the forecast period, owing to increase in affordability of vehicles among consumers and transition of people into middle and upper middle income groups. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. This is anticipated to boost the automotive wheel alignment service market across the globe. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?