Press release
Global Automotive Wheel Market 2018 Key Players are Maxion, Ronal AG, United Wheels, Trelleborg, Otto Fuchs, CLN, Mefro, Jantsa, Starco, ALCAR Holding, Titan Europe, SuperAlloy Industrial, Topy Industries, American Eagle Wheels, Steel Strips, Borbet
The escalating development in global automobile sector is poised to generate commendable growth avenues for automotive wheel market in the ensuing years. Automobile producers have been adopting new manufacturing techniques to comply with emission control regulatory norms. Researchers have also been implementing novel product designs and improvised concepts to increase the fuel efficiency of vehicles, which in turn, will boost automotive wheel industry size. Another pivotal factor making a significant impact on the product demand is the rising spending capabilities of consumers. Of late, consumers have been prioritizing comfort, durability, and product design, which has undoubtedly provided a significant impetus to global automotive wheel industry size. As per the estimates, automotive wheel market was pegged at USD 80.8 billion in 2016 and is projected to exceed a valuation of USD 105 billion by 2024.
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Major automotive manufacturers across North America and Europe are treading toward the production of lightweight vehicles, owing to the increasing concerns over environmental pollution. Aluminum is one of many materials that is used to construct these light weight vehicles, and has also been gaining immense popularity of late, pertaining to its benefits such as low weight, improved design, and excellent performance. As per estimates, aluminum-based automotive wheel market will surpass a revenue collection of USD 55 billion by 2024.
Top Key Players:-
The key players of global Automotive Wheel Market are Maxion, Ronal AG, United Wheels Group, Trelleborg, Otto Fuchs, CLN Group, Mefro, Jantsa, Starco, ALCAR Holding, Titan Europe Gmbh, SuperAlloy Industrial Company, Topy Industries Limited, American Eagle Wheels Corporation, Steel Strips, Borbet and CiTiC Dicastal Wheel Manufacturing.
Regional Segmentations:-
Speaking of the geographical aspects, North America and Europe have been experiencing massive expansion of automotive wheel industry over the recent years. As per estimates, North America and Europe automotive wheel industry are projected to register a CAGR of 4.5% and 4% respectively over the coming seven years. One of the major factors that has significantly influenced the regional trends is the implementation of strict regulatory norms to reduce carbon emissions by the government entities. Elaborating further on the U.S., automotive wheel market trends, the country’s excessive deployment of vehicle safety policies, rising need for efficient braking systems, heavy investments in technological advancements, and large-scale R&D activities by the manufacturing giants are few of the major factors providing a remarkable push to the regional industry growth.
Apart from passenger cars, LCVs (light weight commercial vehicles) have also been gaining prominence among consumers. Research states that automotive wheel market from LCVs will register a significant growth rate over 2017 to 2024, owing to the growing urbanization and goods transportation. The EU has deployed emission norms such as Euro 6/VI and 6 for heavy duty and light duty vehicles respectively, which will subsequently influence this segment. Spain, Germany, Belgium, Austria, Netherlands, and Finland are the major contributors of the Europe regional automotive wheel industry growth, which was valued at USD 20 billion in 2016.
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Major Points of Table Of Content:-
Chapter 4 Automotive Wheel Market, By Material
4.1 Global automotive wheel market share by material, 2016 & 2024
4.2 Aluminum
4.2.1 Automotive wheel market estimates and forecast from aluminum, 2013 – 2024, (Thousand Units) (USD Million)
4.2.2 Automotive wheel market estimates and forecast from aluminum by region, 2013-2024, (Thousand Units) (USD Million)
4.3 Steel
4.3.1 Automotive wheel market estimates and forecast from steel, 2013 – 2024, (Thousand Units) (USD Million)
4.3.2 Automotive wheel market estimates and forecast from steel by region, 2013-2024, (Thousand Units) (USD Million)
4.4 Magnesium
4.4.1 Automotive wheel market estimates and forecast from magnesium, 2013 – 2024, (Thousand Units) (USD Million)
4.4.2 Automotive wheel market estimates and forecast from magnesium by region, 2013-2024, (Thousand Units) (USD Million)
4.5 Carbon Fiber
4.5.1 Automotive wheel market estimates and forecast from carbon fiber, 2013 – 2024, (Thousand Units) (USD Million)
4.5.2 Automotive wheel market estimates and forecast from carbon fiber by region, 2013-2024, (Thousand Units) (USD Million)
Chapter 5 Automotive Wheel Market, By Product
5.1 Global automotive wheel market share by product, 2016 & 2024
5.2 Regular
5.2.1 Automotive wheel market estimates and forecast from regular, 2013 – 2024, (Thousand Units) (USD Million)
5.2.2 Automotive wheel market estimates and forecast from regular by region, 2013-2024, (Thousand Units) (USD Million)
5.3 High performance
5.3.1 Automotive wheel market estimates and forecast from high performance, 2013 – 2024, (Thousand Units) (USD Million)
5.3.2 Automotive wheel market estimates and forecast from high performance by region, 2013-2024, (Thousand Units) (USD Million)
Chapter 6 Automotive Wheel Market, By End-Use
6.1 Global automotive wheel market share by end-use, 2016 & 2024
6.2 OEM
6.2.1 Automotive wheel market estimates and forecast from OEM, 2013 – 2024, (Thousand Units) (USD Million)
6.2.2 Automotive wheel market estimates and forecast from OEM by region, 2013-2024, (Thousand Units) (USD Million)
6.3 Aftermarket
6.3.1 Automotive wheel market estimates and forecast from aftermarket, 2013 – 2024, (Thousand Units) (USD Million)
6.3.2 Automotive wheel market estimates and forecast from aftermarket by region, 2013-2024, (Thousand Units) (USD Million)
Chapter 7 Automotive Wheel Market, By Vehicle
7.1 Global automotive wheel market share by vehicle, 2016 & 2024
7.2 Passenger cars
7.2.1 Automotive wheel market estimates and forecast from passenger cars, 2013 – 2024, (Thousand Units) (USD Million)
7.2.2 Automotive wheel market estimates and forecast from passenger cars by region, 2013-2024, (Thousand Units) (USD Million)
7.3 Lightweight commercial vehicles
7.3.1 Automotive wheel market estimates and forecast from lightweight commercial vehicles, 2013 – 2024, (Thousand Units) (USD Million)
7.3.2 Automotive wheel market estimates and forecast from lightweight commercial vehicles by region, 2013-2024, (Thousand Units) (USD Million)
7.4 Heavy trucks
7.4.1 Automotive wheel market estimates and forecast from heavy trucks, 2013 – 2024, (Thousand Units) (USD Million)
7.4.2 Automotive wheel market estimates and forecast from heavy trucks by region, 2013-2024, (Thousand Units) (USD Million)
7.5 Buses & coaches
7.5.1 Automotive wheel market estimates and forecast from buses & coaches, 2013 – 2024, (Thousand Units) (USD Million)
7.5.2 Automotive wheel market estimates and forecast from buses & coaches by region, 2013-2024, (Thousand Units) (USD Million)
7.6 Trailers
7.6.1 Automotive wheel market estimates and forecast from trailers, 2013 – 2024, (Thousand Units) (USD Million)
7.6.2 Automotive wheel market estimates and forecast from trailers by region, 2013-2024, (Thousand Units) (USD Million)
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Rapid urbanization trends across the globe have changed the consumer standards of living, on account of which people have been giving preferences to personal cars. In fact, subject to this factor, passenger cars have made a humongous contribution toward the overall automotive wheel market size. As per the estimates, passenger cars vehicle segment is expected to account for more than 75% of the global automotive wheel market share by 2024 generating a notable valuation of USD 77 billion.
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