The latest report on the wheel balancing weights market by Persistence Research values the market at US$ 420 million in 2018. According to the report, it is anticipated to reach a value of US$ 750 million by the end of 2029, influenced by the cyclic trend of the automotive industry and new product launches. The wheel balancing weights market is expected to grow at a moderate compound annual growth rate (CAGR) of 6 per cent during the period.