Alloy Wheels Market: 2018 Sales, Industry Size, Share, Competitive Analysis, Growth Factors With Global Forecast To 2023

Alloy Wheels Market 2018: Global Industry Analysis To 2023 research provides comprehensive information on Global Alloy Wheels Market Information Report finishing type (Polished alloy wheel, Two-toned allay wheel and others), Wheel type (Compact-size, Mid-size, Full-size), application (Passenger cars, Commercial vehicles and Two wheelers) and Region. Worldwide Alloy Wheels Market is to grow at moderate CAGR during Forecast Period.

Alloy Wheels Market Highlights:

The global Automotive Alloy Wheel market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. In addition, in-house research and development capabilities, global footprint network, material offerings, R&D investments, and strong client base have become the key areas to gain an edge over the competitors.

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Key Companies analyzed are Euromax Wheel (U.S.), MHT Luxury Wheels (U.S.), Status Wheels, Inc. (U.S.), Wheel Pros, LLC (U.S.), Fuel Off-Road Wheels (U.S.), SOTA Offroad (U.S.), Enkei Wheels India Ltd.(India), Ronal AG (Switzerland), Uniwheels (Switzerland) and BBS Kraftfahrzeugtechnik AG (Germany) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Alloy Wheel Market.

Steel and alloy wheels are the two most common types of wheels used in cars. Automotive alloy wheel is made up of alloy of light metals such as aluminum, nickel and others. Alloy wheels are stronger and lighter than steel and they also improve the appearance of the car. Consumers are becoming more conscious about the external styling of the vehicles and better riding quality, which is pushing the market towards growth. Easy acceleration of the car, growing disposable income, improved driving experience and lower cost are some of the driving factors of the automotive Alloy Wheel market.

The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality Automotive Alloy Wheel services, in order to survive and succeed in an intensely competitive market environment.

The vendors with better technical and financial resources can develop innovative products that render the competitors' products obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions, technological innovations, and M&A.

In automotive industry, pricing factor has always been a point of discussion before purchase. Here, the discussion is of Automotive Alloy Wheel such as electric cars, pickups, trucks and others. As per the market statistics, the sales of Automotive Alloy Wheel is rising very rapidly in developed countries such as the US, China, Germany, UK, Norway and others. All these countries are developed and has very good economy with healthy disposable income. As a result, the sales has increased. But moving towards the developing and undeveloped countries, the high prices of Automotive Alloy Wheel has become a major hindrance for market growth. Countries such as India, Indonesia and Brazil consumes a large pool of population but still the trend of Automotive Alloy Wheel has not come into pace

Asia-Pacific market is dominating the market of automotive alloy wheel market due to growth in automotive sector. Large demand and production of automobiles, development of automotive manufacturing industries in developing economies such as China and India are driving the market for automotive alloy wheel market. Features such as weight reduction, and better handling of vehicles help in the market growth. The increased preference for external styling and customization are pushing the market towards growth. The market in developing countries is largely driven by economic growth and ongoing industrialization, which helps in production of motor vehicles and other manufacturing output.

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimatio

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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The report for Global Automotive Alloy Wheel Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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