Press release
Automotive Wheels Market Top Key Players - Iochpe-Maxion, Enkei Group, Superior Industries, Ronal Group, Accuride, Mangels Industries, Borbet, CLN Group, Wanfeng Auto Holding Group
In US, the best-seller for 44 consecutive years, F-150 gets as many as 5 alloy wheel options with wheel size ranging from 17inch going all the way to 22 inch. Among other OEMs silver painted aluminum wheels are very common and there has been a growing demand for machined aluminum wheels.
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US AUTOMOTIVE WHEELS MARKET
Ford with 5 of its cars in top 30 selling list in the region has aluminium wheel as standard and different finishes of aluminium wheel as optional package. Sparkle silver painted finish is commonly found in the steel wheels used as standard among low end models in Ford Fusion and Ford F150.
All of the Chevrolet cars 4 of them in the top 30 feature aluminium wheels. Twin spoke design is the most common design found in these vehicles. Bright silver painted and machined face finish is found in Chevrolet vehicles.
EUROPE AUTOMOTIVE WHEELS MARKET
Volkswagen with 5 models in top 30 cars in the region is most for any automaker. The base models of the car come with steel wheels, but the alloy wheel is found in every other variant. Gloss black, grey metallic and dark graphite finishing is found in these alloy wheels. These cars come with mostly 4, 5 and 10 spoke wheels.
CHINA AUTOMOTIVE WHEELS MARKET
The Chinese cars dominated by aluminium alloy wheels as only 3 models are equipped with steel wheels in the base models. Nissan Sylphy, Volkswagen Santana and Roewe Ei5 are the only models with steel wheels for their base models. The aluminium alloy wheels are available for these models itself but for different other variants.
The best-seller SUV Haval H6 gets Aluminum alloy wheels as standard on all variants.
JAPAN AUTOMOTIVE WHEELS MARKET
Toyota in 7 of its models feature steel wheel as standard option in entry models. Usually, the lower size diameter wheels are steel wheels. The aluminium alloy wheels come with cutting glitter black paint, hyper chrome metallic paint finish and also forged and sputtered aluminium wheels.
INDIA AUTOMOTIVE WHEELS MARKET
India has traditionally been one of the most important markets for steel wheels as the tractor and commercial vehicle industry is one of the biggest in the world.Tractor industry in India (world`s biggest market) has outperformed every industry segment in 2020 so far with ~0.6 Million units sold in first 9 months of 2020.
POST COVID MARKET STATUS
There has been sharp V shaped recovery in almost all major markets in H2-2020 after lockdowns ended. The overall market volumes have although declined in 2020 but the suppliers are upbeat as they see growing demand for lighter alloy wheels with higher margins.
The passenger car market declined to ~14.4M units in US(-16% YOY), ~20M units in China(-6% YOY), by -25% in EU and India.
COMPETITIVE LANDSCAPE
The leading wheel manufacturers are Mangels Industries and Iochpe-Maxion from Brazil, Ronal AG and Borbet (Germany), CLN Group (Italy), Superior Industries and Accuride (US). Some of the asian based wheel makers are Enkei Group (Japan), Wanfeng Auto Holding Group (China), Superior Alloy Industries (Taiwan) , Wheels India and Steel Strips Wheel Ltd (India).
COMPANY PROFILE
Iochpe-Maxion
Enkei Group
Superior Industries
Ronal Group
Accuride
Mangels Industries
Borbet
CLN Group
Wanfeng Auto Holding Group
Foshan Nanhai Zhongnan Aluminum Wheel Co
Super Alloy Industries
Steel Strips Wheels Ltd
Read More Information: https://mobilityforesights.com/product/automotive-wheels-market/
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About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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