Press release
Automotive Alloy Wheel Market: Global Industry Analysis, Size, Share, Growth and Forecast to 2023
Automotive Alloy Wheel Market
Steel and alloy wheels are the two most common types of wheels used in cars. Automotive alloy wheel is made up of alloy of light metals such as aluminum, nickel and others. Alloy wheels are stronger and lighter than steel and they also improve the appearance of the car. Consumers are becoming more conscious about the external styling of the vehicles and better riding quality, which is pushing the market towards growth. Easy acceleration of the car, growing disposable income, improved driving experience and lower cost are some of the driving factors of the automotive Alloy Wheel market.
Global Automotive Alloy Wheel Market is projected to grow at a CAGR of 2.9% during the forecast period.
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Key Players of Automotive Alloy Wheel Market:
• Euromax Wheel (U.S.)
• MHT Luxury Wheels (U.S.)
• Status Wheels, Inc. (U.S.)
• Wheel Pros, LLC (U.S.)
• Fuel Off-Road Wheels (U.S.)
• SOTA Offroad (U.S.)
• Enkei Wheels India Ltd. (India)
• Ronal AG (Switzerland)
• Uniwheels (Switzerland)
• BBS Kraftfahrzeugtechnik AG (Germany)
Market Research Future Analysis:
Market Research Future analysis shows that the global market of automotive alloy wheel market is estimated to grow at a 2.9 % CAGR by the end of year 2023. Changing life styles, and urbanization are some of the major factors driving the market of automotive alloy wheel. Asia-Pacific is leading the market of automotive alloy wheel, followed by North America which is expected to grow rapidly due to increased domestic demand for automotive alloy wheel. Automotive companies including two-wheeler manufacturers and passenger cars manufacturers are constantly trying to emphasize more on innovation for their product offering in order to enhance the efficiency of automotive.
Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Alloy Wheel Material Market, By Finishing Type
4.1 Introduction
4.2 Polished alloy wheel
4.3 Two-toned allay wheel
4.4 Others
5 Global Automotive Alloy Wheel Material Market, By Wheel type
5.1 Introduction
5.2 Compact-size
5.3 Mid-size
5.4 Full-size
Continue…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Technologies and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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