Press release
Automotive Wheel Global Market Growth Analysis, Emerging Trends, Industry Outlook Forecast To 2030
Automotive Wheel Market
The automotive wheel market report describes and explains the global automotive wheel market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The automotive wheel market consists of sales of automotive wheels by entities (organizations, sole traders, and partnerships) that manufacture automotive wheels. The wheel is an essential component of every vehicle. It counteracts all of the forces that the vehicle is subjected to during operation, balancing the entire weight of a vehicle. A spoke, rim, and hub are essential parts of an automobile wheel. It is responsible for turning, operating, and directing the direction and speed of the vehicle.
The global automotive wheel market is expected to grow from $29.37 billion in 2020 to $30.41 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The growth in the automotive wheel market is mainly due to the growing demand for vehicles fueled by growing urbanization. The market is expected to reach $44.28 billion in 2025 at a CAGR of 9.8%.
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Some of the major players of automotive wheel market are IOCHPE Maxion, Superior Industries International, Accuride Corporation, Steel Strips Wheels, Hitachi Metals, Citic Dicastal, Zhejiang Wanfeng Auto Wheel, Borbet, Mangels Industrial, Mefro Wheels, Ronal Group, CLN Group, Wanfeng Auto Holding Group, Foshan Nanhai Zhongnan Aluminum Wheel Co, and Super Alloy Industries.
The countries covered in the automotive wheel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The regions covered in the automotive wheel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The global automotive wheel market is segmented –
1) By Material: Steel, Alloy, Carbon Fiber, Others
2) By Vehicle Class: Economy, Mid-Priced, Luxury-Priced
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
4) By Rim Size: 13-15", 16"-18", 19"-21", Above 21"
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Few Points From Table Of Content
1. Executive Summary
2. Automotive Wheel Market Characteristics
3. Automotive Wheel Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Wheel
5. Automotive Wheel Market Size And Growth
....
26. Africa Automotive Wheel Market
27. Automotive Wheel Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Wheel Market
29. Automotive Wheel Market Future Outlook and Potential Analysis
30. Appendix
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