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A frame alignment system is critical as it helps straighten, correct, and align the vehicle’s chassis or frame after an accident or during significant design changes. The system primarily consists of two processes: Frame measurements, in which frame dimensions are measured and evaluated to form an optimum frame structure, and Frame Alignment, in which the accurate alignment of the final frame is checked to ensure proper maneuvering and vehicle mobility.
Safety concerns are of significant importance for the industry worldwide to ensure that the vehicle that moves from factory to road meets every aspect of safety protocols and standardization. The industry's safety regulations mandate the manufacturers to check for frame alignment and alignment for suspension and other mechanical parts for a newly manufactured vehicle. Thus, government norms for safety will boost the market adoption of a frame alignment system.
The rising demand for Sports Bikes, Multi-Purpose Vehicles (MPV), and Sports utility vehicles (SUVs), which need frequent maintenance due to their regular and heavy use, will fuel the demand for the frame alignment system market. The Automotive frame alignment system market is also lucrative owing to its high demand in the aftermarket, as it is a system that is crucial in garages to ensure the vehicle's safety, comfort, and stability.
The COVID-19 pandemic introduced a temporary global shutdown in many sectors. This temporary shutdown impacted various industries negatively, leading to revenue decline, loss of product sales, slowed production rate, unemployment, and many other severe impacts. This led to an economic downturn as the majority of the manufacturing facilities were suspended or working at half capacity.
It is pretty intuitive that the growth of the automotive frame alignment system market is directly proportional to the growth of the overall automotive market. As COVID-19 hit the world in early 2020, all the major economies had multiple setbacks due to lockdowns and supply chain bottlenecks. China and Japan play a vital role in passenger car production; both countries had to cut back on their production significantly. FY-20 was highly dissatisfied with passenger car sales across the globe as consumer sentiments and preferences took a massive shift. Consumers started refraining from buying luxury goods. Industrial activities were at a halt, significantly suppressing the mobilization of goods and resulting in a lower demand for vehicles.
The closure of production plants and shortage of workforce due to stricter social distancing norms also affected the production of new vehicles. Another issue was regarding the procurement of raw materials. The supply chain tailback affected the companies' ability to procure sufficient raw materials to meet their production needs, and at the same time, the elevated inflation significantly raised the cost of production.
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The report covers the following key insights:
By product type, the market is segmented into frame press and I beam system. Frame press systems are crucial for the precise realignment of vehicle frames following collisions. These systems apply hydraulic pressure to straighten and align the frame to factory specifications. Their ability to handle heavy-duty realignment tasks makes them essential for collision repair shops. Frame presses are highly effective for working with various types of vehicles, including trucks and SUVs, providing robust and reliable alignment solutions, making them dominant in the market. I Beam systems utilize a combination of beams and hydraulic jacks to align vehicle frames. Known for their versatility and ease of use, these systems are suitable for light to moderate frame damage repairs. I Beam systems offer a cost-effective solution and are particularly popular in smaller repair shops due to their relatively lower initial investment and maintenance costs.
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The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is predicted to lead the Automotive frame alignment system market over the coming decade. The rapid growth of the overall automotive industry drives the automotive frame alignment system market. Asia Pacific is witnessing an attractive demand for both Passenger and commercial vehicles owing to the increased preference of consumers to own cars and increased penetration of the industry and its related services, respectively. Multiple factors that strengthen our notion of Asia Pacific being the leader include the rising populace migrating to the Middle-income bracket, rising disposable income, multiple presences of OEM in China and Japan, Cheap access to labor, growing needs for safety and comfort in vehicles, and growing urbanization, among others. Additionally, Asia Pacific's market growth is optimistic as the region is witnessing a burgeoning growth in construction activities, mobile healthcare facilities, E-commerce business, and transportation of goods, and all this activity is subjected to create demand for vehicles on the road, resulting in a growth of the Automotive frame alignment system market.
The report includes the profiles of key players, such as Josam Products, Bee Line, Henry James Bicycles, Booth Concepts Inc., Blackhawk, Pro Line Sytems International Inc., Chassis Alignment Ltd, Scheibner Messentik, and Chief Automotive Technologies.
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