Press release
Automotive Wheel Market 2020 Size & Comprehensive Analysis by 2028 | Top Players: American Eagle Wheels Corporation, Steel Strips Wheels Limited, TSW Alloy Wheels, Work Co. Ltd., Automotive Wheels Ltd., Wheel Pros, Borbet, Dicastal Wheel Manufacturing Co.
Automotive Wheel Market
The automotive wheel is a component that rotates and transmits the drive from the axle to the road. It also provides a means to affix the tires. The automotive wheel comprises a rim, spoke, and hub.
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Increasing vehicle production along with proliferating consumer preference for comfort and fuel-efficient vehicles will propel the automotive wheel market size over the forecast timeframe. Choice and utilization of appropriate wheels based on vehicle models, size, and price specifications form an integral part of the vehicle layout. Economical pricing, heavy load carrying capabilities, lower weight, and resistance to corrosion from external factors are among the prominent features that will continue to aid the manufacturers in gaining increased consumer acquisition through the forecast period.
On the basis of vehicle type, Passenger vehicles segment is estimated to hold the largest market share during the forecast period. So, the increase in R&D investment by OEMs and Tier 1 players to improve the drive quality and efficiency of passenger vehicles will drive the automotive wheel market in this segment. However, the rise in disposable income, particularly in developing countries such as China, India, Mexico, and others, will drive the automotive wheel market in the passenger vehicle segment.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
1. American Eagle Wheels Corporation
2. Steel Strips Wheels Limited
3. TSW Alloy Wheels
4. Work Co. Ltd.
5. Automotive Wheels Ltd.
6. Wheel Pros
7. Borbet
8. Dicastal Wheel Manufacturing Co. Ltd.
9. Zhejiang Wanfeng Auto Wheel
10. LIZHONG GROUP
11. Changchun Faway Automobile Components Co. Ltd.
12. Dongfeng Automotive Wheel Co. Ltd.
13. Zhejiang Jinfei Kaida Wheel Co. Ltd.
14. Guiyang Yuxing Wheel Manufacturing Co. Ltd.
15. Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd.
16. Maxion Wheels
17. Ronal Group
18. Superior Industries International Inc.
19. Arconic Inc.
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Insights about regional distribution of market:
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.
Market Segmentation:
By Material Type:
Alloy
Steel
Carbon Fiber
By Vehicle Type:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By End-User:
OEM
Aftermarket
By Region:
North America
North America, by Country
US
Canada
Mexico
North America, by Material Type
North America, by Vehicle Type
North America, by End-User
Western Europe
Western Europe, by Country
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Western Europe
Western Europe, by Material Type
Western Europe, by Vehicle Type
Western Europe, by End-User
Asia Pacific
Asia Pacific, by Country
China
India
Japan
South Korea
Australia
Indonesia
Rest of Asia Pacific
Asia Pacific, by Material Type
Asia Pacific, by Vehicle Type
Asia Pacific, by End-User
Eastern Europe
Eastern Europe, by Country
Russia
Turkey
Rest of Eastern Europe
Eastern Europe, by Material Type
Eastern Europe, by Vehicle Type
Eastern Europe, by End-User
Middle East
Middle East, by Country
UAE
Saudi Arabia
Qatar
Iran
Rest of Middle East
Middle East, by Material Type
Middle East, by Vehicle Type
Middle East, by End-User
Rest of the World
Rest of the World, by Country
South America
Africa
Rest of the World, by Material Type
Rest of the World, by Vehicle Type
Rest of the World, by End-User
Objectives of this report:
To assess regional and global market size for automotive wheel market.
Define major segments in the automotive wheel industry and determine market shares and demand.
To provide the automotive wheel industry with a competitive scenario of major developments witnessed by main companies in the historical years.
To determine key factors that control automotive wheel market industry dynamics with their potential gravity over the forecast period.
Reasons to Buy This Report:
Offers unique insights into the decision-making process for any category that may aid in strategic decision-making.
Market size estimate of the regionally and internationally focused infotainment market for vehicles.
Unique research methodology based on the dynamics of market.
Recognition of major companies operating on the market with related innovations
Scope to cover all potential categories that will assist all stakeholders in the automotive wheel market industry.
Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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