Automotive Alloy Wheel Market 2018 to 2023: Global Leading Players MHT Luxury, Euromax Wheel, Enkei Wheels, Wheel Pros, Ronal, Uniwheels, Status Wheels, Fuel Off-Road, And SOTA Offroad

Automotive Alloy Wheel Market: 2018 Share, Size, Trends, Global Research Report - Forecast to 2023 is latest report on Global Automotive Alloy Wheel System Market with Regional Outlook To 2023. This published report provides Automotive Alloy Wheel Market Analysis by finishing type (Polished alloy wheel, Two-toned allay wheel and Others), By Wheel type (Compact-size, Mid-size, Full-size), By application (Passenger cars, Commercial vehicles and Two wheelers) and Region.

Automotive Alloy Wheel industry historical and forecast market data up to 2023 with upcoming business opportunities, mergers, and acquisition is provided, to help Automotive Alloy Wheel market leading companies for future strategy development.

Global Automotive Alloy Wheel Market Key Company Analyzed In Report:

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).

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Automotive Alloy Wheel Worldwide Market Overview:

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.

Growth in the automobile industry and growing trend of vehicle customization is also aiding to the growth of automotive alloy wheel market. However, alloy wheels are pricier than steel wheels. This is one of the factors, which is hampering the expansion of the market in countries with massive pools of price-sensitive consumers. Countries such as India and Indonesia have large population, but these countries have still not given into the trend of automotive alloy wheels yet. Price is a major factor influencing the market’s growth. Alloys are generally made up of metals and other elements, so, hike in price of metals such as iron or aluminum impacts the market negatively. Periodic changes in government guidelines, advancements in technology and environmental codifications also pose challenges to the market.

Market Segmentation:

The global automotive alloy wheel market is segmented based on finishing type, wheel type and application. Based on finishing type, the global automotive alloy wheel market is segmented into polished alloy wheel, two-toned alloy wheel and others. Based on wheel type, it is segmented into compact-size, mid-size and full-size. Based on 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.

Major Points Covered in report:

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 Estimation

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 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continue…

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