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The global wheel and tire service equipment market is projected to reach a valuation of US$ 4,046.6 million in 2023 and expand at a CAGR of 3.8% during the forecast period from 2023 to 2033. By 2033, market revenues are anticipated to reach US$ 5,893.9 million.



The rapid expansion of the automotive industry, driven by rising vehicle ownership rates worldwide, remains a key factor fueling the demand for wheel and tire service equipment. Additionally, growing expenditures on tire and… Continue