Press release
Rising Demand from Consumers to Push Sales of Automotive Wheel Market
The automotive wheel market report has been segmented on the basis of five criteria, namely material type, vehicle type, sales channel, finish type, wheel size and region. Among the segments by vehicle type, the passenger car segment is expected to register healthy growth during the forecast period with companies focusing on developing integrated solutions for the automotive wheel market as per demand from various countries.
Planning To Introduce An Offbeat Product/Technology In The Automotive Wheel Market? Go To "Purchase Now" To Have Our Automotive Wheel Market Report! https://www.persistencemarketresearch.com/checkout/25123
Factors Driving the Automotive Wheel Market
According to estimates, the global automotive aftermarket industry is anticipated to reach approximately US$ 68.6 Bn by 2020. Nowadays, consumers are keeping their vehicles for longer durations and are aware of the need to replace components to maximize the life value of a vehicle. The rising demand from aftermarket components will spur new growth opportunities for businesses operating in the aftermarket industry.
As the volume of the cars sold in emerging markets rises, the demand for automotive wheels will eventually increase. Various economic factors such as rapid urbanization, rising income and government investment support the growth of the automotive wheel market. At the same time, more and more people are expected to join the workforce as more women and youth enter the job market, which is in turn surging the demand for mobility. In the coming future, demographic and macroeconomic trends could shift to the purchase of news cars such as compact SUVs, sedans, and luxury vehicles, which will in turn drive the demand for automotive wheels.
Get A Customized Scope To Match Your Need Ask An Expert - sales@persistencemarketresearch.com
Global Automotive Wheel Market Analysis by Finish Type
On the basis of finish type, the automotive wheel market has been segmented into painted & polished, machined alloy wheel, two toned alloy, chromed and anodized. The painted & polished segment holds the maximum share, as painted & polished is the standard finish type for most cars. Majority of alloy wheels are painted and this finish often starts with a sprayed primer to prep the metal.
Global Automotive Wheel Market Analysis by Material Type
Among the segments by material type, the global automotive wheel market is anticipated to be dominated by the alloy segment. Customized color, size, powder-coating, texture, engraving and even rhinestones are a trending opportunity in the automotive wheel market (especially rim manufacturers). The increasing purchasing power of people is allowing customers to customize the wheels of their vehicles. Most of the companies are also collaborating with tire manufacturers to innovate their technologies. For instance, RIMEX is collaborating with leading tire manufacturers in testing and perfecting future wheel and rim designs for the next generation.
Planning Forward? Access Sample of Automotive Wheel Market Report @ https://www.persistencemarketresearch.com/samples/25123
Global Automotive Wheel Market Analysis by Region
The automotive wheel market is driven by the continuous growth in vehicle production. The APEJ region is projected to be the market leader in the global automotive wheel market with China and India as major contributors towards the growth of the APEJ automotive wheel market. The North America region is expected register significant growth in the automotive wheel market on account of the increasing demand for LCVs in the region. The U.S. is expected to lead the market share in the North America automotive wheel market, owing to the presence of prominent manufacturers. In Western Europe, Germany is projected to be the leader in the automotive wheel market, owing to the high demand from the aftermarket segment.
Key Players Dominating the Global Automotive Wheel Market
Examples of some of the key competitors covered in the automotive wheel market report include Arconic Inc., Dicastal North America, Inc., Maxion Wheels, Superior Industries International, Inc., Fuel Off-Road Wheels, Central Motor Wheel of America, Inc., Euromax Wheel, Marcellino Wheel, Enkei Corporation, Prime Wheel Corporation, Ronal Group, Borbet GmbH, Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd., BBS GmbH and Topy Industries Limited, among others.
How About Re-Inventing The Methodical Wheel In The Automotive Wheel Market? Tab! https://www.persistencemarketresearch.com/methodology/25123
Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
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 Rising Demand from Consumers to Push Sales of Automotive Wheel Market here
News-ID: 2556989 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Wheel
Agricultural Tractors Market : 2 Wheel Drive, 4 Wheel Drive 2021-2031 | AMR
The global agricultural tractors market was valued at $59.1 billion in 2021, and is projected to reach $97.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Asia-Pacific is expected to dominate the market, in terms of revenue, followed by Europe, North America, and LAMEA. Increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the agricultural tractors market…
Agricultural Tractors Market : 2 Wheel Drive, 4 Wheel Drive 2021-2031
The agricultural tractors market was valued at $59.1 billion in 2021, and is estimated to reach $97.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Asia-Pacific is expected to dominate the market, in terms of revenue, followed by Europe, North America, and LAMEA. Increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the agricultural tractors market in…
Rail Wheel And Axle Industry Forecast to 2028 Global Market Analysis by Wheel Ty …
A rail wheel and axle is a type of wheel and axel that is specially designed for railways. Growing technological advancements in train networks and trains are compelling train manufacturers to invest heavy sums in R&D for the manufacturing of light materials for wheels and axles for passenger trains, freight trains, and short-distance trains. Rise in the production of locomotives in developing and developed countries are the major driving factor…
Automotive Products |Floating wheel cap and LED Floating Wheel Caps Manufacturer
Bosswellkorea, Inc. was founded in 2014 and is specializing in the development of automotive products, LED lighting floating wheel cap and LED lighting emblem, LED lighting signboard. LED floating wheel cap patent introduction (Korea, USA, Japan, China), Floating wheel cap patent (September 2020). Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world Reliability Test Pass Test Report
A floating wheel cap is a product that fits in the…
Section From Wheel Aligner Market Report 2019 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 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
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…
