Commercial Vehicle Aluminum Wheels Research:CAGR of 3.7% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Commercial Vehicle Aluminum Wheels- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Commercial Vehicle Aluminum Wheels was estimated to be worth US$ 5931 million in 2023 and is forecast to a readjusted size of US$ 7056 million by 2030 with a CAGR of 3.8% during the forecast period 2024-2030.



【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/3390318/commercial-vehicle-aluminum-wheels



Commercial Vehicle Aluminum Wheels Market Summary

Commercial Vehicle Aluminum Wheels are specialized wheels made from aluminum alloys, designed for use on commercial vehicles like trucks, buses, trailers, light commercial vehicle (Van, pickup truck, etc.) and heavy-duty equipment. Aluminum wheels have become popular in the commercial vehicle industry due to their strength, lightweight properties, and enhanced fuel efficiency.

These wheels typically made from aluminum alloys, which combine lightweight with sufficient strength. Common alloys used include mixtures of aluminum with small amounts of other metals like magnesium, which enhance durability and corrosion resistance.

Manufacturing Methods:

Casting: In casting, molten aluminum is poured into a mold to create the wheel shape. Cast wheels are usually more affordable, but they may lack the strength of forged wheels.

Forging: Forged aluminum wheels created by pressing aluminum under high pressure, which strengthens the metal. This process is more costly, but it results in stronger, lighter, and more durable wheels.

The growing demand for lightweight vehicles to improve fuel efficiency and reduce emissions is a significant driver in the commercial vehicle aluminum wheels market. Aluminum wheels offer a lighter alternative to traditional steel wheels, contributing to better fuel economy and enhanced vehicle performance. Additionally, the increasing adoption of electric commercial vehicles, which benefit from reduced weight for extended range, further propels the demand for aluminum wheels. Regulatory mandates emphasizing lower carbon emissions and the industry's focus on sustainability are also encouraging manufacturers to transition toward aluminum-based solutions.

One of the key challenges in the commercial vehicle aluminum wheels market is the high cost of aluminum compared to steel, which can impact the overall cost of the vehicle. This price sensitivity, especially in cost-conscious markets, may limit adoption rates. Furthermore, aluminum wheels, while lighter, may not always offer the same durability under extreme conditions as steel wheels, posing reliability concerns for heavy-duty applications. The need for continuous technological advancements to address these performance gaps while managing costs remains a critical hurdle for market growth.

According to the new market research report "Global Commercial Vehicle Aluminum Wheels Market Report 2024-2030", published by QYResearch, the global Commercial Vehicle Aluminum Wheels market size is projected to reach USD 7.05 billion by 2030, at a CAGR of 3.7% during the forecast period.



Global Commercial Vehicle Aluminum Wheels MarketSize(US$ Million), 2019-2030
241209-171519.webp (14 KB)

Above data is based on report from QYResearch: Global Commercial Vehicle Aluminum Wheels Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Commercial Vehicle Aluminum Wheels Top18Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
241209-171605.webp (22 KB)

Above data is based on report from QYResearch: Global Commercial Vehicle Aluminum Wheels Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Commercial Vehicle Aluminum Wheels include Howmet Aerospace (ALCOA), CITIC Dicastal, Ronal, Superior Industries, BORBET, etc. In 2023, the global top five players had a share approximately 49.0% in terms of revenue.

Commercial vehicles mainly include light commercial vehicles, heavy trucks and buses.

For light commercial vehicles, the main aluminum alloy wheels are cast, and the size of the wheels is 15-18 inches.

For heavy trucks and buses, the main aluminum alloy wheels are forged, and the size of the wheels is 19.5 inches, 22.5 inches, 24.5 inches.

The main manufacturers of light commercial vehicles wheels are: CITIC Dicastal, Superior Industries, BORBET, Iochpe-Maxion, Zhejiang Wanfeng Auto Wheel, Lizhong Group, Zhejiang Jinfei, etc.

The main manufacturers of heavy trucks and buses are: Ronal, Howmet Aerospace (ALCOA), Accuride, Hongxin Wheel, JC Forged, Nippon Steel, Alux Wheel, Wheels India, Pomlead, Zeroneal, etc.

Commercial Vehicle Aluminum Wheels,Global Market Size, Split by Product Segment
241209-171648.webp (26 KB)

Based on or includes research from QYResearch: Global Commercial Vehicle Aluminum Wheels Market Report 2024-2030.

In terms of product type, currently 15-18 inches is the largest segment, hold a share of 59.1%.

In terms of product application, currently OEM is the largest segment, hold a share of 82.6%.

North America is the largest consumption place, with a revenue market share nearly 56.3% in 2023. Following North America, Asia-Pacific is the second largest consumption place with the revenue market share of 26.08%.







The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Commercial Vehicle Aluminum Wheels market is segmented as below:

By Company

CITIC Dicastal
Ronal
Superior Industries
BORBET
Iochpe-Maxion
Howmet Aerospace (ALCOA)
Zhejiang Wanfeng Auto Wheel
Lizhong Group
Otto Fuchs
Nippon Steel
Zhejiang Jinfei Kaida Wheel
Accuride
Alux Wheel
JC Forged
Zhejiang Hongxin
Wheels India
Pomlead
Zeroneal



Segment by Type

22.5 inches
24.5 inches
19.5 inches
15-18 inches



Segment by Application

OEM
Aftermarket



Each chapter of the report provides detailed information for readers to further understand the Commercial Vehicle Aluminum Wheels market:

Chapter 1: Introduces the report scope of the Commercial Vehicle Aluminum Wheels report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Commercial Vehicle Aluminum Wheels manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Commercial Vehicle Aluminum Wheels market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Commercial Vehicle Aluminum Wheels in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Commercial Vehicle Aluminum Wheels in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Commercial Vehicle Aluminum Wheels competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Commercial Vehicle Aluminum Wheels comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Commercial Vehicle Aluminum Wheels market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global and Japan Commercial Vehicle Aluminum Wheels Market Report & Forecast 2024-2030
Global Commercial Vehicle Aluminum Wheels Market Insights, Forecast to 2030
Global Commercial Vehicle Aluminum Wheels Market Research Report 2024
Global Commercial Vehicle Aluminum Wheels Market Insights, Forecast to 2029
Global Commercial Vehicle Aluminum Wheels Market Research Report 2023
Global and India Commercial Vehicle Aluminum Wheels Market Report & Forecast 2023-2029
Commercial Vehicle Aluminum Wheels - Global Market Insights and Sales Trends 2024

About Us：

QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
Email: global@qyresearch.com
Tel: 001-626-842-1666(US)  
JP: https://www.qyresearch.co.jp

This release was published on openPR.