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Alloy Wheels Market worth $29.62 billion by 2030, growing at a CAGR of 5.76% - Exclusive Report by 360iResearch
Alloy Wheels Market | 360iResearch
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Alloy wheels are made from metals such as aluminum or magnesium enhanced for strength and rigidity, offering better performance and aesthetics than traditional steel wheels. The alloy wheels market spans various vehicle types, including passenger cars, commercial vehicles, two-wheelers, and bicycles, segmented by wheel size, finish type, and distribution channels like OEMs and aftermarket. Key reasons for their necessity include improved performance, aesthetic appeal, and enhanced durability and corrosion resistance. They are used extensively in passenger vehicles for performance and aesthetics, as well as in commercial vehicles to boost performance and fuel efficiency, and in the two-wheeler market due to their lightweight and durable nature. The market's growth is influenced by technological advancements, growing consumer demand, and the trend of vehicle personalization. Opportunities exist in the expanding EV market, which requires lightweight components, as well as in the development of sustainable materials and increasing urbanization in emerging markets. However, challenges such as high manufacturing costs, significant investment requirements in advanced manufacturing techniques, and intense market competition persist. Innovation opportunities lie in material science, advanced manufacturing techniques like 3D printing and forging, and the integration of smart wheel technology for real-time health and performance monitoring. The competitive market is driven by consumer preferences, technological advancements, and regulatory changes, with a positive growth outlook due to increased vehicle ownership and demand for performance-enhancing components. Recommendations for businesses include investing in R&D to develop advanced alloys and manufacturing methods, expanding aftermarket presence, targeting emerging markets, and focusing on sustainability to attract environmentally-conscious consumers, thus effectively tapping into the growing alloy wheels market.
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Market Segmentation & Coverage:
This research report categorizes the Alloy Wheels Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material Type, market is studied across Aluminum Alloy, Magnesium Alloy, and Titanium Alloy.
Based on Type, market is studied across Casting and Forging.
Based on Rim Size, market is studied across 12 Inches to 17 Inches, 18 Inches to 21 Inches, and Above 22 Inches.
Based on Vehicle Type, market is studied across Commercial Vehicle and Passenger Vehicle.
Based on Distribution, market is studied across Aftermarket and OEM.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Alloy Wheels Market, highlighting leading vendors and their innovative profiles. These include Accuride Corporation, ALCAR HOLDING GMBH, CITIC Dicastal Wheel Manufacturing Co, Corima, Enkei International, Inc., Foshan Nanhai Zhongnan Aluminium Wheel Co.,Ltd., Fuel Off-Road Wheels, Howmet Aerospace, JR-WHEELS, Lizhong Group, MAXION Wheels, O.Z. S.p.A., PLATI INDIA, Rimstyle Ltd., RONAL GROUP, ShenZhen Zeroracing Auto Parts Co., Ltd., Stamford Sport Wheels., STEEL STRIPS WHEELS LIMITED, Superior Industries International, TOPY INDUSTRIES LIMITED, UNIWHEELSS AG., Volker Schmidt GmbH & Co. KG, Wheel Pros, LLC, ZHEJIANG JINFEI KAIDA WHEEL CO.,LTD., and Zhejiang Wanfeng Auto Wheel Co., Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Alloy Wheels Market, by Material Type
7. Alloy Wheels Market, by Type
8. Alloy Wheels Market, by Rim Size
9. Alloy Wheels Market, by Vehicle Type
10. Alloy Wheels Market, by Distribution
11. Americas Alloy Wheels Market
12. Asia-Pacific Alloy Wheels Market
13. Europe, Middle East & Africa Alloy Wheels Market
14. Competitive Landscape
15. Competitive Portfolio
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