Project report for Wheel Alignment

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Introduction

Wheel alignment sometimes referred to as breaking, or tracking is part of standard automobile maintenance that consists of adjusting the angles of wheels to the car manufacturer specifications. It is one of the profitable and growing business in India. The purpose of these adjustments is to reduce tire wear and to ensure that vehicle travel is straight and true. Alignment angles can also be altered beyond the maker's specifications to obtain a specific handling characteristic. Motorsport and off-road applications may call for angles to be adjusted well beyond normal, for a variety of reasons. It is very essential that all the Wheels of a Vehicle are completely balanced otherwise there will be bubbling of wheel and this will affect the steering control. Wheel Alignment machine is an equipment, which is used for alignment of all wheels of the vehicles during assembly and also when the wheels lose their alignment during their operation. Wheel alignment machine adjust the angle of wheels to the manufacturer’s recommended specification or position. Wheel alignment machine check all the signs of poor alignment as well as inspection of the toe, camber and caster, which are basis components for measuring wheel alignment and orientation. Now a days, different technology is integrated with wheel alignment machine, in order to enhance the inspection quality as well as to reduce the alignment time. Wheel alignment machine are available with different features such as portability, wireless connectivity, among others. These features are expected to increase the demand for advanced wheel alignment machine over the coming years.

Market potential & Strategy

Automotive Wheel Alignment System Market was valued at INR 28,9240 Crores in 2019 and is projected to grow at a CAGR of 4.47% to reach INR 35,8310 Crores by 2026. Wheel Alignment Machine Market is on an upward scale, due to increasing MRO (maintenance, repairing and overhaul) activities in the automotive aftermarket.  The main factor driving the growth of wheel alignment machine market is the increasing number of automobiles in use, high disposable income leading to improved sales of automobiles on a yearly basis and the need to adopt advanced technology for improved efficiency. Other factors promoting the growth of wheel alignment machine market is increase in demand for portable and wireless wheel alignment machine. Moreover, increasing urbanization across the emerging economies of the world such as Brazil, Mexico, India and China, propel the demand for passenger car and commercial vehicles which indirectly affect the growth of wheel alignment machine market over the forecast period. The repairing and maintenance of wheel alignment machine need skilled technician to fix out the problem and also the initial installation cost of the whole wheel alignment system is high. However, the trend to use a better technology and equipment to get the better result will increase the demand of wheel alignment machine market throughout the forecast period.

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