openPR Logo
Press release

Automotive Trailer Wheel Rims Market Analysis and Forecast 2020: By Keyplayers 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

10-21-2020 07:05 AM CET | Industry, Real Estate & Construction

Press release from: Coherent Market Insights

Automotive Trailer Wheel Rims

Automotive Trailer Wheel Rims

Don’t Quarantine Your Research, you keep your social distance and we provide you a social DISCOUNT use QUARANTINEDAYS Code in precise requirement and Get FLAT 1000USD OFF on all CMI reports

Automotive trailer wheel rim is the exterior edge of a vehicle that holds the tire. The materials used for manufacturing those rims include steel, aluminum alloy, and magnesium among others. It is characterized by its design, diameter, and width. It provides support to the tire of the vehicle. It also performs various functions such as acting as a supporting link to the suspension unit of the vehicle.

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.

Download Free PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2125

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. For instance, the Maxion Wheel, a world leader in the light-weight wheel market, currently supply aluminum wheel rims to every major OEM in the world. The benefits offered by aluminum material over the steel material is that they are often several pounds lighter per wheel, which means quicker acceleration and faster stopping. Moreover, less weight also means less strain on suspension components. In extreme driving conditions, alloy wheels are able to dissipate heat away from brake components than their steel counterparts. Hence, these factors will propel growth of the automotive trailer wheel rims market.

Request Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/2125

Global Automotive Trailer Wheel Rims Market: Segment Trends

Among vehicle type, passenger vehicles segment accounted for the largest market share in 2017 and is the fastest growing segment, owing to increasing sales of these vehicles worldwide. According to the International Organization of Motor Vehicle Manufacturers, the total units of passenger cars sold in 2015 was 69 million, which increased to 72 million in 2016, globally. Furthermore, increasing R&D investment by original equipment manufacturer (OEMs) will improve riding quality and also reduce overall weight of the vehicles, which in turn will make the vehicles fuel efficient. Hence, increasing sales of passenger vehicles will inadvertently increase the demand for automotive trailer wheel rims, thereby fueling growth of the market.

High maintenance cost is one of the major factors restraining growth of the automotive trailer wheel rims market

One of the major factors hindering growth of the global automotive trailer wheel rims market is the high maintenance cost that has to be incurred. For instance, according to Coherent Market Insights’ analysis, the cost incurred for straightening a bent rim is around US$ 75 or less whereas the cost incurred for repainting wheel rim requires over US$ 200 per wheel and cost incurred in entire replacement of wheel rim was over US$ 500. Therefore, high cost acts as a barrier for growth of the global 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. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in India, the total number of vehicles produced in 2015 was 4.16 million and it increased to 4.48 million in 2016. Similarly, in China, the total number of vehicles produced in 2015 was 24.5 million and it increased to 28.1million in 2016. Moreover, the manufacturers of wheel rims such as Maxion wheels, Voxx wheels, Hitachi metals, and others are setting up their plants in this region, which in turn increases the demand for automotive wheel rims and further drives growth of the market. For instance, in January 2018, the Maxion Wheel set up new manufacturing plant in India for manufacturing wheels for passengers cars. Hence, all these factors will help in boosting growth of the automotive trailer wheel rims market in this region.

Key players such as TSW alloys, Maxion wheel, Accuride International Inc., and others adopted product development strategies, in order to strengthen their position in the market. For instance, in September 2016, Maxion Wheels, the world’s leading wheel manufacturer, launched the industry’s lightest commercial vehicle steel wheel in the European market. The Gen34 22.5” x 9.0” steel wheel weighs 34 kilograms. This strategy will help the company to serve innovative products to their customers, thereby helping them to gain competitive edge in the market.

Request For Discount @ https://www.coherentmarketinsights.com/insight/request-discount/2125

Global Automotive Trailer Wheel Rims Market: Taxonomy

The global automotive trailer wheel rims market is segmented on the basis of rim size, material type, vehicle type, and region.

By Rim Size:
• 13-15 inch
• 16-18inch
• 19-21inch
• > 21 inch

By Material Type:
• Steel
• Alloy
• Carbon-fiber
• Others

By Vehicle Type:
• Passenger Vehicles
• Light Commercial Vehicles
• Others

By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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 Trailer Wheel Rims Market Analysis and Forecast 2020: By Keyplayers 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 here

News-ID: 2166257 • Views: 305

More Releases from Coherent Market Insights

Europe Needle-free IV Connectors Market - Cardinal Health, Inc, Amsino Internati …
An informative study on the Europe Needle-free IV Connectors Market from 2020-2027 has lately released for the database of Coherent Market Insights that helps by making business conclusions and shape the future of the organizations. Individual analysis of top regions and countries like North America, Europe, Asia-Pacific, South America, Asia-Pacific, Middle East & Africa and Latin America and the rest of the world is conducted. Industry overview, product definitions, and
Enteroviruses Testing Kit Market - Sartorius AG, Abbexa Ltd, Cepheid Inc., Aviva …
An informative study on the Enteroviruses Testing Kit Market from 2020-2027 has lately released for the database of Coherent Market Insights that helps by making business conclusions and shape the future of the organizations. Individual analysis of top regions and countries like North America, Europe, Asia-Pacific, South America, Asia-Pacific, Middle East & Africa and Latin America and the rest of the world is conducted. Industry overview, product definitions, and growth
Radiofrequency Ablation Devices Market - Accuray, Inc., Avanos Medical, Inc., Bo …
An informative study on the Radiofrequency Ablation Devices Market from 2020-2027 has lately released for the database of Coherent Market Insights that helps by making business conclusions and shape the future of the organizations. Individual analysis of top regions and countries like North America, Europe, Asia-Pacific, South America, Asia-Pacific, Middle East & Africa and Latin America and the rest of the world is conducted. Industry overview, product definitions, and growth
Reperfusion Treatment Market - Corline Biomedical AB, SBI Holdings Inc., Pharmin …
An informative study on the Reperfusion Treatment Market from 2020-2027 has lately released for the database of Coherent Market Insights that helps by making business conclusions and shape the future of the organizations. Individual analysis of top regions and countries like North America, Europe, Asia-Pacific, South America, Asia-Pacific, Middle East & Africa and Latin America and the rest of the world is conducted. Industry overview, product definitions, and growth status

All 5 Releases


More Releases for Wheel

Section From Wheel Aligner Market Report 2018 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Automobile Wheel Hub Motor Market
https://www.qandqmarketresearch.com/reports/7159405/automobile-wheel-hub-motor-market-19 This industry study presents the global Automobile Wheel Hub Motor market size, historical breakdown data 20132018 and forecast 20182025. The Automobile Wheel Hub Motor production, revenue and market share by manufacturers, key regions and type; The consumption of Automobile Wheel Hub Motor in volume terms are also provided for major countries or regions, and for each application and product at the global level. Market share, growth rate, and competitive factors are
Global Commercial Automotive Wheel Market Forecast 2018-2025 Accuride Wheel, Bha …
Recently added detailed market study "Global Commercial Automotive Wheel Market" examines the performance of the Commercial Automotive Wheel market 2018. It encloses an in-depth Research of the Commercial Automotive Wheel market state and the competitive landscape globally. This report analyzes the potential of Commercial Automotive Wheel market in the present and the future prospects from various angles in detail. The Global Commercial Automotive Wheel Market 2018 report includes Commercial Automotive Wheel
Global Rail Wheel Market Consumption 2017 Trends By Product(Rolled Rail Wheel, F …
Scope Of Global Rail Wheel Market Research Report 2017 Global Rail Wheel Market Analysis, Status and Forecast 2022 Market Research Report contains a market overview of the industry which talks about market defination, product scope, revenue, growth opportunities, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=486231 This report studies the global Rail Wheel market, analyzes and researches
SteerClear Wheel Launches New Website
A new website has been launched for the innovative secure connected steering wheel -the SteerClear Wheel that communicates intuitively to the driver through information, light, color and sensations. “We are pleased with the new design and think that it illustrates clearly the great features of the SteerClear Wheel,” said Lynn Walford, inventor and patent-filer of the whole new concept in steering wheel design and implementation. The SteerClear Wheel website was designed
Crazy Wheel - Game App
Brainvire has come up with new upgraded version of mobile game application. The current version has got more than 40k downloads and 3700 positive reviews across the world, and the number is increasing day by day. We are happy with these numbers and want to share our feeelings globally. In this tech freak age, mobile games are developed using best technologies. Mobile game apps are the best for everyone right