Global automotive wheel balance block industry

The global market size of automotive wheel balance weights in 2024 is approximately 4.92 billion yuan. It is expected to maintain a steady growth trend in the future, with a market size of nearly 7.06 billion yuan by 2030 and a CAGR of 5.3% over the next six years.
The continuous emergence of new materials and processes has promoted the upgrading and replacement of products, further expanding the market application fields. The increase in global car ownership, especially the rapid expansion of the automotive market in developing countries, has directly driven the demand for wheel balance weights. Consumers' increasing emphasis on vehicle driving stability and safety has made regular maintenance and replacement of wheel balance weights a routine operation. Especially with the popularization of electric and intelligent vehicles, it has also brought new growth opportunities to the market for wheel balance weights. Encouraging manufacturers to develop lighter and more recyclable balance block materials further promotes market development.
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Global automotive wheel balance block industry