Automotive Wheel Fatigue Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Automotive Wheel Fatigue Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Automotive Wheel Fatigue Testing Market Introduction
Automotive wheels are an integral part of a vehicle. Being subjected to high loads and pressure, the durability of automotive wheels must be checked periodically to ensure the safe operation of the vehicle. With the rotation of automotive wheels, the radial load on the automotive wheels becomes a cyclic load. The implications of radial fatigue load on automotive wheels necessitate automotive wheel fatigue testing to ensure the structural integrity of wheels. Thereby, automotive wheel fatigue testing is imperative for examining the strength as well as fatigue resistance of automotive wheels.
Various types of automotive fatigue testing equipment are used to perform different types of tests, such as the concerning fatigue test and the radial fatigue test. The concerning fatigue test is carried out to examine the structural performance of wheels, and radial fatigue test is carried out to simulate concerning under dynamic loads. Leading manufacturers in the automotive wheel fatigue testing market are introducing innovative testing equipment to suit specific testing requirements for different types of vehicles that need to be tested.
Automotive Wheel Fatigue Testing Market – Notable Developments
- Smithers Rapra, a global leader in material testing and leading player in the automotive wheel fatigue testing market, recently announced the opening of new wheel testing capabilities at its Tire and Wheel Test Center in North America. According to its recent statement, the company has adopted new machinery with a machine load rating of 5,000 ft/lb that can test wheels up to 24”x13” in various types of automobiles, including Sports Utility Vehicles (SUVs), cars, and light trucks. After making heavy investments in tire testing capabilities at its tire and wheel testing lab in Suzhou, China, the company is aiming to attract its customers in the North American region by offering precisely controlled wheel testing capabilities to meet exact specifications in order to gain momentum in the global automotive wheel fatigue testing market.
Some of the most prominent competitors operating in the competitive landscape of global automotive wheel fatigue testing market include –
- Smithers Rapra
- TS TestingService GmbH
- Leonardo
- Kokusai
- Independent Test Services
- Alpine Metal Tech
- Greening Inc.
- Creative Dynamics Engineering
- TSW Alloy Wheels
Automotive Wheel Fatigue Testing Market Dynamics
Growing of Automotive Wheel Fatigue Testing Market Underpinned by Growing Awareness about Vehicle Safety
Increasing number of road accidents, mainly due to defect automotive components and poorly maintained vehicles, is making end-users more conscious about their vehicles’ operating condition. According to the National Highway Traffic Safety Administration (NHTSA), in 2016, over 37 thousand people succumbed to injuries in road accidents in the U.S., which was an increase of nearly 5.6% over 2015. As vehicles defects remain a leading cause behind the road fatalities, not only in the U.S. but also across the world, the market for automotive wheel fatigue testing is expected to gain momentum.
The mounting number of road fatalities due to vehicle defects is triggering governmental organizations to take initiatives for spreading awareness about good vehicle maintenance practices. This is further contributing to the growth of the automotive wheel fatigue testing market. Leading market players are adopting innovative strategies to make end-users aware about following periodic maintenance cycles by carrying out automotive wheel fatigue testing to ensure the safety of the vehicle as well as occupants. This is expected to influence growth prospects of the automotive wheel fatigue testing market.
Automotive Wheel Fatigue Testing Market Players Adopt Strategies to Customize Fatigue Testing Equipment According to Applications
Leading players in the automotive wheel fatigue testing market are introducing innovative automotive wheel fatigue testing equipment to suit the specific requirements of end-use or applications. Manufacturers are introducing distinctive features of automotive wheel fatigue testing equipment for passenger cars than those used for trucks or buses. Market players are investing in R&D to offer appropriate features of automotive wheel fatigue testing machines for specific applications. Moreover, leading players are focusing on capturing lucrative opportunities in the sports car industry by launching automotive wheel fatigue testing equipment for motorsports. This is likely to emerge as a popular trend in the automotive wheel fatigue testing market in the coming future.
Automotive Wheel Fatigue Testing Market Segmentation
Based on the types of equipment used in automotive wheel fatigue testing, the automotive wheel fatigue testing market is segmented into,
- Automotive Wheel Cornering Fatigue Testing Equipment
- Automotive Wheel Radial Fatigue Testing Equipment
- Others
Based on its applications, the automotive wheel fatigue testing market is segmented into,
- Military Vehicles
- Bus and Trucks
- Passenger Cars and Light Trucks
Based on distribution channels, the automotive wheel fatigue testing market is segmented into,
- Distributors
- Direct Sales
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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