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Aluminum Alloy Wheel Market is expected to grow at a CAGR of 8.58% during the forecasted period | Evolve Business Intelligence
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The Aluminum Alloy Wheel Market is propelled by the automotive industry's increasing focus on lightweight materials, which enhance fuel efficiency and overall vehicle performance. Consumer demand for stylish and high-performance wheels, coupled with stringent regulations promoting fuel efficiency, further drives the market.
Key Players
Some of the major Aluminum Alloy Wheel Market players holding high market shares include Capricorn Motors Pvt. Ltd., Enkei Wheels (INDIA) Limited, Maxion Wheels and Mobis India Limited, These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Neo Wheels Ltd., Plati India, Shreeniwas Casttech Industries, Steel Strips Wheels Limited (SSWL), Uno Minda and Wheels India Limited.
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Segmental Analysis
Based on Application, the Aluminum Alloy Wheel market is segmented into Two Wheelers, Passenger Cars and Commercial Vehicles.
Based on Material, the Aluminum Alloy Wheel market is segmented into Aluminum, Silicon and Others.
Based on Distribution Channel, the Aluminum Alloy Wheel market is segmented into Original Equipment Manufacturer (OEM) and Aftermarket.
Based on Sales Channel, the Aluminum Alloy Wheel market is segmented into Domestic and Imported.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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