Press release
Automotive Alloy Wheel Market Participants Superior Industries International, FUTEX ALLOY (CHANGSHU) Co., Ltd
Persistence Market Research (PMR)
The automotive alloy wheel market is in a growth phase due to increasing demand for light weight wheels that have the same strength as steel wheels alongside having high thermal stability & ductility. Automotive alloy wheels are made from either an alloy of magnesium or aluminum or a mixture of both. Automotive alloy wheels are light weight wheels which improve the steering and speed of a car. Since aluminum or magnesium alloy is a good conductor of heat, automotive alloy wheels decrease heat dissipation from brakes and reduce the risk of brake failure under extreme driving conditions. Automotive alloy wheels have complex geometry and satisfy the manifold design criteria, such as weight, style, performance and manufacturability. Factors such as strength to weight ration and better fuel consumption are emphasized on during the manufacturing of alloy wheels. The quality of alloy wheels is tested and checked using advanced technology devices to accomplish customers’ demand and standards of the automobile industry.
Automotive Alloy Wheel Market: Market Dynamics
Increasing demand for light weight and corrosion resistant alloy wheels is increasing due to changing weather conditions, which is a key factor boosting the growth of the automotive alloy wheel market. Automotive alloy wheels support tubeless tires and also offer better grip on brakes. These are some of the benefits that are likely to increase the demand for automotive alloy wheels, which in turn, will accelerate the growth of the automotive alloy wheel market in the upcoming years. The nominal reduction in fuel consumption and precise steering handling are some of the other important factors that will drive the growth of the automotive alloy wheel market.
The demand for vehicles fitted with wheels made from heavy metal is increasing in cold countries as these wheels successfully offer resistance to skidding during snow or hail. This factor is estimated to hamper the growth of the automotive alloy wheel market in the upcoming years.
Request Report Sample@ https://www.persistencemarketresearch.com/samples/18856
In the current scenario, the preference for alloy wheels over factory fitted wheels has led to an increase in customization activity, which, in turn, will fuel sales in the aftermarket segment during the forecast period. This factor is expected to become a driver for the automotive alloy wheel market.
Automotive Alloy Wheel Market: Segmentation
The automotive alloy wheel market can be segmented on the basis of coating type, wheel size, vehicle type and sales channel.
On the basis of coating type, the market can be segmented into:
Polished alloy wheel
Two toned alloy wheel
Others
On the basis of wheel size, the market can be segmented into:
Compact size ( 13 inch – 16 inch)
Mid-size (17 inch – 21 inch)
Large size ( 21 inch and above)
On the basis of vehicle type, the market can be segmented into:
Two wheelers
PC
LCV
HCV
On the basis of sales channel, the market can be segmented into:
OEM
After Market
Automotive Alloy Wheel Market: Regional Outlook
North America is anticipated to hold a prominent share in the global automotive alloy wheel market owing to growing preference for alloy wheels. That apart, high disposable income witnessed in the working class population of the US and Canada is another factor expected to elevate the market during the forecast period. The automotive alloy wheel market is expected to grow in the Asia Pacific region due to the growing automotive industry as well as increasing living standards, especially in countries, such as Japan, China and India. Moreover, owing to the high number of two wheelers as well as two wheeler manufacturers in the region, Asia Pacific is also estimated to hold a prominent share in the said market in the upcoming years. Europe is projected to contribute a considerable share in the global automotive alloy wheel market due to the presence of a large number of automobile manufacturers in the region. Middle East and Africa is expected to grow at a moderate rate in the global automotive alloy wheel market during the forecast period.
Visit For TOC@ https://www.persistencemarketresearch.com/toc/18856
Automotive Alloy Wheel Market: Market Participants
Examples of some of the market participants identified across the value chain of the global automotive alloy wheel market include:
Borbet GmbH
Enkei
Ronal Group (Ronal Wheels)
Arconic (ALCOA WHEELS)
CITIC Dicastal Wheel Manufacturing Co., Ltd
MAXION Wheels
UNIWHEELS Group
Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd.
Superior Industries International
FUTEX ALLOY (CHANGSHU) Co., Ltd
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Alloy Wheel Market Participants Superior Industries International, FUTEX ALLOY (CHANGSHU) Co., Ltd here
News-ID: 1466382 • Views: …
More Releases from Persistence Market Research
Sports Nutrition Market to hit $53.5 Bn by 2032, driven by health & fitness tren …
The global sports nutrition market is entering a transformative growth phase, reflecting evolving consumer behavior and the rapid expansion of performance-focused lifestyles. Estimated at US$30.5 billion in 2025, the market is forecasted to reach US$53.5 billion by 2032, registering an impressive CAGR of 8.4% during the forecast period from 2025 to 2032. This robust trajectory is supported by increasing demand for protein-based supplements, plant-based nutrition products, and functional beverages designed…
Skin Toner Market to Reach US$2 Bn by 2030, Driven by Rising Skincare Demand and …
The global skin toner market is poised for steady growth, reflecting the increasing consumer emphasis on skincare, wellness, and premium beauty products. Valued at US$1.3 billion in 2023, the market is projected to expand to US$2 billion by the end of 2030, registering a compound annual growth rate (CAGR) of 5.3% during the forecast period. This robust growth trajectory underscores the rising importance of skin health in consumer lifestyles and…
Smart Watch Market to Reach US$80.48 Bn by 2031, Driven by Health Tracking & Inn …
The global smart watch market is witnessing rapid adoption as consumers increasingly embrace wearable technology for health monitoring, communication, and lifestyle integration. Valued at US$39.25 billion in 2024, the market is forecasted to reach US$80.48 billion by 2031, expanding at a robust CAGR of 10.8% during the assessment period from 2024 to 2031. This growth trajectory underscores the accelerating role of smart watches in the connected device ecosystem, where technology…
Beauty Devices Market valued at $39.5 Bn in 2023 to reach $116.6 Bn by 2033, dri …
The global beauty devices market is on a trajectory of significant expansion, reflecting the rising consumer inclination toward advanced personal care solutions. Valued at US$ 39,572.9 million in 2023, the market is projected to reach US$ 1,16,605.50 million by the end of 2033. This translates to an impressive compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2033. The upward growth momentum is attributed to…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
