Alloy Wheel Market 2018 Key Country Analysis By Global Industry Top Players: MHT Luxury Wheels, Euromax, Enkei Wheels, Wheel Pros, Ronal, Uniwheels, Status, Fuel Off-Road, SOTA Offroad, BBS Kraftfahrzeugtechnik

Alloy Wheel Market 2018 Global Automotive Industry Trends, Size, Share, Sales and Regional Analysis Report, include historic data, with forecast data to 2023. Alloy Wheel Market research report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And key players outlook.

Global Alloy Wheel Market is growing at highest CAGR during forecast period of four years from 2018. Alloy Wheel Market is segmented by 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 in this report.

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Competitive Landscape

The global Alloy Wheel Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Alloy Wheel Market. The market participants are trying to come up with advancements in the Alloy Wheels.

Alloy Wheel Market Key Players Studied In This Report Are: MHT Luxury Wheels (U.S.), Euromax Wheel (U.S.), Enkei Wheels India Ltd.(India),  Wheel Pros, LLC (U.S.), Ronal AG (Switzerland), Uniwheels (Switzerland), Status Wheels, Inc. (U.S.) , Fuel Off-Road Wheels (U.S.), SOTA Offroad (U.S.) and BBS Kraftfahrzeugtechnik AG (Germany). These industry players are ratifying various approaches including mergers and acquisitions to remain competitive.

Market Scenario:

The global automotive alloy wheel market is growing at a slow but steady pace and according to Market Research Future (MRFR), it is set to capture a CAGR of 2.9% between 2017 and 2023. Demand for light-weight wheels, which offers greater strength has continued to grow in recent years. Alloy wheels usually have superior performance advantages over steel wheels. Alloy wheels are lighter and increase fuel efficiency of a vehicle. They are also able to endure harsh climatic conditions so there is a lower risk of technical failure. In addition, alloy wheels add to the aesthetic appeal of a vehicle than steel wheels and are often the preference of consumers since they can be customized as per buyer’s specification.

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.

Segmentation:

The global automotive alloy wheel market is segmented based on finishing type, wheel type and application. On the basis of finishing type, the global automotive alloy wheel market is segmented into polished alloy wheel, two-toned alloy wheel and others. On the basis of wheel type, it is segmented into compact-size, mid-size and full-size. On the basis of application, it is segmented into commercial vehicles, passenger cars and two wheelers.

Regional Analysis

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.

Industry Updates:

Synergies Castings is set to invest around 100 million dollars in a new alloy wheel manufacturing plant in India. Synergies castings is one of the leading aluminum alloy wheel manufacturers in India. The new unit is estimated to have an annual production capacity of 2.4 million wheels and equipped with advanced manufacturing technologies such as machining, painting facilities and cosmopolitan casting.

The GFG Alliance Industrial group has been granted permission by the Scottish highlands Council to set up an alloy wheel factory in Fort William, Scottish Highlands, UK. GFG intends to start up this alloy wheel factory which would be a 400-worker factory, producing 2 million wheels a year from 2020.

Target Audience:

Organizations
Manufacturer
Research Institute / Education Institute
Potential Investors
List of Tables:

TABLE 1 GLOBAL AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY FINISHING TYPE

TABLE 2 GLOBAL AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY WHEEL TYPE

TABLE 3 GLOBAL AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY APPLICATION

TABLE 4 GLOBAL AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY REGIONS

TABLE 5 NORTH AMERICA AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY FINISHING TYPE

TABLE 6 NORTH AMERICA AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY WHEEL TYPE

TABLE 7 NORTH AMERICA AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY APPLICATION

TABLE 8 U.S. AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY FINISHING TYPE

TABLE 9 U.S. AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY WHEEL TYPE

TABLE 10 U.S. AUTOMOTIVE ALLOY WHEEL MATERIAL MARKET, BY APPLICATION

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