Press release
Automotive Wheel Market - Global Analysis, Size, New Business Opportunities And Forecast To 2030
Automotive Wheel Market
The countries covered in the global automotive wheel market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global automotive wheel market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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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Global automotive wheel market segmentation In TBRC’s Report is:
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"
Major players in the automotive wheel market are IOCHPE Maxion, Superior Industries International, Accuride Corporation, Steel Strips Wheels, Hitachi Metals, Citic Dicastal.
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The Table of Contents includes:
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
.....
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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