Press release
Forged Alloy Alumunium Wheel Market will reach 4070 million US$ by 2025- QY Research, Inc.
Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
Forged wheels are typically around 25% lighter than cast wheels (and potentially even more).
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The classification of Forged Alloy Alumunium Wheel includes OEM, Aftermarket, and the proportion of OEM in 2017 is about 86.13%, OEM will be the reigning segment in terms of market revenue share throughout the forecast period, anticipated to hold about 86.23% revenue share of the global market by 2025 end. With a noteworthy 5.24% CAGR.
Under by Application, the global market is segmented into Passenger Vehicle, Commercial Vehicleand. Passenger Vehicle segment will hold maximum sales share in the global market, and the consumption proportion is about 88.8% in 2017. and forecasts indicate 88.9% market share for this segment by the end of the forecast period in 2025.
Europe is the largest consumption place, with a consumption market share nearly 30.9% in 2017. Following Europe, North America is the second largest consumption place with the consumption market share of 26.8%, China is also an important sales region for the Forged Alloy Alumunium Wheel.
Market competition is intense. Superior Industries, Alcoa, BBS GmbH, CITIC Dicastal, Borbet, Gemsy Wheels, etc. are the leaders of the industry. In the future, the Forged Alloy Alumunium Whee will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weakening. The installed rate in the commercial vehicle will increase.
The global Forged Alloy Alumunium Wheel market is valued at 2520 million US$ in 2017 and will reach 4070 million US$ by the end of 2025, growing at a CAGR of 6.2% during 2018-2025.
The major manufacturers covered in this report
Superior Industries
Alcoa
BBS GmbH
CITIC Dicastal
Borbet
Gemsy Wheels
Ronal Wheels
Accuride
Wanfeng Auto
BBS JAPAN
RAYS Wheels
Cromodora Wheels
Zhejiang Jinfei
Lizhong Group
YHI
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
United States
EU
China
Japan
South Korea
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
OEM
Aftermarket
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Passenger Vehicle
Commercial Vehicle
Click to view the full report TOC, figure and tables: https://www.qyresearch.com/index/detail/79153/global-forged-alloy-alumunium-wheel-market
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
QY Research, INC.
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Suite 218,
City of industry, CA - 91748
USA: +1 626 295 2442
Email – inquiry@qyrsearch.com
Web – www.qyresearch.com
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