Press release
Automotive Wheels Aftermarket Market Size in 2026: Demand, Revenue, Global Distributor and Research Findings | AEZ Leichtmetallräder GmbH, ALLOY WHEEL REPAIR SPECIALISTS, LLC, Arconic, Automotive Wheels Ltd, BBS Kraftfahrzeugtechnik
"Automotive Wheels Aftermarket Market"
Strategically analyzed facts and figures of the market and keen business insights covered in this Automotive Wheels Aftermarket Market report would be a key aspect in achieving enduring business growth. The insights provided in this Automotive Wheels Aftermarket Market market research report are based upon SWOT analysis on which businesses can rely confidently. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Market Analysis: Global Automotive Wheels Aftermarket Market
Global Automotive Wheels Aftermarket Market is expected to rise from its initial estimated value of USD 3.47 billion in 2018 to an estimated value of USD 4.65 billion by 2026, registering a CAGR of 3.75% in the forecast period of 2019-2026. Increasing demand for lightweight material is the major factor for the growth of this market.
Market Definition: Global Automotive Wheels Aftermarket Market
Wheel is a circular object that enables a vehicle or any other object to move easily. They revolve in an axle and the material used in the wheel is hard and durable. Good wheel provide stability and traction to the vehicle. Three important components of wheels are camber, caster and toe. There are alloy wheels that are made of alloy of magnesium and aluminium; they are combination of different metals and elements. They are very lighter as compared to the steel wheels and people use them to improve the appearance of their vehicle. Aftermarkets wheels are made to fit in multiple manufacturers and are made by the independent manufacturer. They are usually made with the cheaper materials as compared to the other wheels.
Market Drivers:
o Uses of alloy can improve the breaking performance; this factor is driving the market
o Light-weight allots increase the fuel efficiency of vehicles; this factor is expected to act as a driver for the market growth
Market Restraints:
o They are expensive to buy and to repair
o Alloy are not that much strong
Global Automotive Wheels Aftermarket Market By Aftermarket (New Wheel Replacement, Refurbished Wheel Fitment), Vehicle (PC, CV), Coating (Liquid, Powdered), Material (Alloys, Steel, Others), Rim Size (13-15 Inch, 16- 18 Inch, 19- 21 Inch, Above 21 Inch), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026.
Key Developments in the Market:
o In November 2018, Wolfrace Wheels announced the launch of their new wheel which is a combination of Wolfrace GB range and Wolfrace Eurosport so that they can serve high quality alloy to their customers.
o In January 2017, Ferada wheels launched their wheel in India which cost around 1.8 lacs to 3 lakhs and are available in 19-inch or 20- inch configurations. They soon will launch 22- inch so that they can target SUV customers as well.
Competitive Analysis: Global Automotive Wheels Aftermarket Market
Global automotive wheels aftermarket market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive wheels aftermarket for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Automotive Wheels Aftermarket Market
Few of the major competitors currently working in the global automotive wheels aftermarket market are AEZ Leichtmetallräder GmbH, ALLOY WHEEL REPAIR SPECIALISTS, LLC, Arconic, Automotive Wheels Ltd, BBS Kraftfahrzeugtechnik, Beyern Wheels, Borbet GmbH, CMWheels, ENKEI CORPORATION, Forgiato, Jian Sin Industrial Co. Ltd., KONIG AMERICAN, LKQ Corporation, MAXION Wheels Inc., O.Z. S.p.A., RAYS Co. Ltd, RONAL GROUP, Tanabe USA Inc., Status Wheels and TSW Alloy Wheels.
Revealing the Competitive scenario
In today's competitive world you need to think one step ahead to chase your competitors, our research offers reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies to present better insights to drive the business into right direction
Key Segmentation: Automotive Wheels Aftermarket Market
Regional Outlook
North America (US, Canada, Mexico)
South America (Brazil, Argentina, rest of south America)
Asia and Pacific region (Japan, china, India, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, etc)
Middle east and Africa (UAE, Saudi Arabia, Oman, etc)
Europe (Germany, Italy, U.K, France, Spain, Netherlands, Belgium, Switzerland, Russia, etc)
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that's helping the market grow faster than usual is the tough competition.
Research strategies and tools used of Automotive Wheels Aftermarket Market:
This Automotive Wheels Aftermarket Market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter's Five Forces Analysis and PEST analysis.
Key Points of this Report:
The depth industry chain include analysis value chain analysis, porter five forces model analysis and cost structure analysis
The report covers North America and country-wise market of Automotive Wheels Aftermarket Market
It describes present situation, historical background and future forecast
Comprehensive data showing Automotive Wheels Aftermarket Market capacities, production, consumption, trade statistics, and prices in the recent years are provided
The report indicates a wealth of information on Automotive Wheels Aftermarket Market manufacturer
Automotive Wheels Aftermarket Market forecast for next five years, including market volumes and prices is also provided
Raw Material Supply and Downstream Consumer Information is also included
Any other user's requirements which is feasible for us
Some extract from Table of Contents
Overview of Automotive Wheels Aftermarket Market
Automotive Wheels Aftermarket Market Size (Sales Volume) Comparison by Type
Automotive Wheels Aftermarket Market Size (Consumption) and Market Share Comparison by Application
Automotive Wheels Aftermarket Market Size (Value) Comparison by Region
Automotive Wheels Aftermarket Market Sales, Revenue and Growth Rate
Automotive Wheels Aftermarket Market Competitive Situation and Trends
Strategic proposal for estimating availability of core business segments
Players/Suppliers, Sales Area
Analyze competitors, including all important parameters of Automotive Wheels Aftermarket Market
Automotive Wheels Aftermarket Market Manufacturing Cost Analysis
The most recent innovative headway and supply chain pattern mapping
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
Free Table Of Contents Is Available Here@ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-wheels-aftermarket-market
Why Is Data Triangulation Important In Qualitative Research?
This involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Triangulation is one method used while reviewing, synthesizing and interpreting field data. Data triangulation has been advocated as a methodological technique not only to enhance the validity of the research findings but also to achieve 'completeness' and 'confirmation' of data using multiple methods
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