Press release
Automotive Trailer Wheel Rims Market Top Keyplayers TSW alloys Wheels, Maxion wheels, Voxx Products, MHT Luxury Wheels, Hitachi Metals Ltd., Zhejiang Wanfeng Auto Wheel Co., Ltd, Sota Offroad, Accuride International
Automotive-Trailer-Wheel-Rims
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Growing automotive industry is one of the major factors driving growth of the automotive trailer wheel rims market
One of the major factors attributed to growth of the market is rising production of vehicles worldwide. For instance, according to the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced in 2016 was 95 million units, which increased to 97 million units in 2017, globally. Therefore, increasing number of vehicles on road is leading to rising demand for automotive trailer wheel rims. Moreover, players in the market are developing advanced and innovative rims, in order to sustain in the market.
Global Automotive Trailer Wheel Rims Market: Regional Insights
Asia Pacific automotive trailer wheel rims market is expected to grow at a highest CAGR over the forecast period (2018–2026). This growth is attributed to presence of emerging economies such as India, China, and Japan in the region positioned as growth engines in the automotive sector. Owing to increasing vehicle production in economies such as China and India, the demand for automotive trailer wheel rims in this region has also increased.
Global Automotive Trailer Wheel Rims market: Competitive Landscape
Major players operating in the global automotive trailer wheel rims market include TSW alloys Wheels, Maxion wheels, Voxx Products, MHT Luxury Wheels, Hitachi Metals Ltd., Zhejiang Wanfeng Auto Wheel Co., Ltd, Sota Offroad, Accuride International Inc., Vossen Wheels, Inc., and Auto Wheel & Rim.
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