Press release
Automotive Metal Wheel Market 2017-2022: New Research Reports Offers Market Opportunities and Threats Faced by Key Vendors
Fact.MR
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Increasing demand for vehicles equipped with heavy wheels in cold countries has led to an upsurge in demand for metal wheels in the automotive sector. However, metal wheels are subject to rust and corrosion due to changing weather and need to be replaced before deterioration. Such factors are likely to impact growth of the global market of automotive metal wheel negatively. According to a recently published report by Fact.MR, the global automotive metal wheel market is projected to reflect a sluggish CAGR over the projected period, 2017 – 2022.
Casting to Represent a Leading Segment
Steel wheel is expected to register a relatively high revenue growth in the global automotive wheel market by the end of 2022. This segment is predicted to represent nearly US$ 11,000 Mn in terms of revenue during the predicted period. APEJ is expected to remain the largest market for metal wheel materials globally. Steel wheel is predicted to register the highest CAGR growth among other materials in the global market, followed by aluminum alloy wheel. In terms of revenue, aluminum alloy wheels is expected to reflect the second highest growth in the global automotive metal wheel market by 2022 – end.
Aftermarket is predicted to register the highest CAGR in the global automotive metal wheels through 2022. In terms of revenue, this segment is expected to reflect the highest growth, and is predicted to represent over US$ 18,000 Mn in 2017. OEM is expected to register the second highest revenue growth in the global automotive metal wheel market.
Throughout 2022, luxury passenger car is expected to register the highest CAGR growth in the global automotive metal wheel market, followed by heavy commercial vehicles. Compact passenger car is predicted to reflect the highest revenue growth, and is predicted to represent over US$ 8,500 Mn by the end of 2022. In terms of revenue, mid-sized passenger cars is expected to reflect the second highest growth among other vehicles in the global automotive metal wheel market by 2022 – end. Light commercial vehicles and mid-sized passenger cars is expected to register parallel CAGR growth in the global market.
In terms of technology, casting is expected to register the highest revenue growth in the global automotive metal wheel market. This segment is expected to represent over US$ 19,000 Mn in the global market in 2017. Further, casting is predicted to register the highest CAGR in the global automotive metal wheel market throughout 2022. Forging among other technologies is predicted to register the second highest revenue growth in the global automotive metal wheel market by the end of 2017.
Browse Full Report with TOC- https://www.factmr.com/report/152/automotive-metal-wheel-market
Table of Content:
1. Global Automotive Metal Wheel Market - Executive Summary
2. Global Automotive Metal Wheel Market Overview
2.1. Introduction
2.1.1. Global Automotive Metal Wheel Market Taxonomy
2.1.2. Global Automotive Metal Wheel Market Definition
2.2. Global Automotive Metal Wheel Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Metal Wheel Market Y-o-Y Growth
2.3. Global Automotive Metal Wheel Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
3. Global Automotive Metal Wheel Market Analysis and Forecast By Material
3.1. Global Automotive Metal Wheel Market Size and Forecast By Material, 2012-2022
3.1.1. Steel Wheel Automotive Metal Wheel Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Aluminium Alloy Wheel Automotive Metal Wheel Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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