Automotive Wheel Market Overview:
All areas of the economy are affected by the digital era, sometimes referred to as the "4.0 industry," which has greatly aided in its expansion. The automotive tire industry is one of the many sub-industries that are being impacted by the changes taking place in the automotive sector. Large companies are now using new technology and digitization to sell complex services that are tailored to the needs of their customers rather than just basic cars or tires. In order to produce such solutions that are incorporated into the current market, connectivity, mobility, and autonomy have emerged as crucial pillars.
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Automotive Wheel Market Report Scope and Research Methodology
The Automotive Wheel market report derives its insights from a comprehensive assessment, drawing on both primary and secondary sources. Country-specific market mapping is accomplished through internal and external proprietary data, alongside relevant patent and regulatory databases, which collectively shape the assessment of Automotive Wheel market volume. The competitive dynamics of the Automotive Wheel market are dissected with precision, delving into the minute and intricate factors that impact the market.
Dynamics of the Automotive Wheel Market:
There is room for product innovation because different regions have different rim sizes:
While 18- and 19-inch wheels are more popular in the US market, 16- and 17-inch wheels are standard on top-selling passenger cars in Europe. Given the existing lack of competition, the ongoing premiumization trend in India will be a major boost for alloy wheel makers and a huge potential for foreign producers. Up to five alloy wheel options, ranging in size from 17 to 22 inches, are available for the F-150, which has been the top-selling car in the US for 44 years running. Other OEMs like silver-painted aluminum wheels, and machined aluminum wheels are becoming more and more popular.
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Automotive Wheel Market Segmentation:
by Rim Size
13"-15"
16"-18"
19"-21"
Above 21"
by Material
Alloy
Steel
Aluminum
Carbon Fiber
Other
Over the course of the projected period, the alloy sector by material is anticipated to expand at a CAGR of 4.8%. Despite the fact that the weaker alloys used are usually not corrosion-resistant, alloy wheels are commonly purchased for aesthetic reasons (visible repairs). Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys. Wheels in use may rust after three to five years, even if they are properly covered. However, refurbishing is now commonly available at a cost. If appropriate safeguards are not taken, galvanic corrosion on alloy wheels might result in tire air leaks. Additionally, alloy wheels are more difficult to repair than steel wheels when bent, however repairs are typically less expensive than replacements due to their higher cost.
by Vehicle
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
by End-User
Original Equipment Manufacturer (OEM)
Aftermarket
Automotive Wheel Market Key Players:
1. MAXION Wheels (Germany)
2. Borbet GmbH (Germany)
3. Uniwheels (Germany)
4. BBS Kraftfahrzeugtechnik AG. (Germany)
5. Thyssenkrupp AG (Germany)
6. CITIC Dicastal Co., Ltd. (China)
7. Zhejiang Wanfeng Auto Wheel (China)
8. LIZHONG WHEEL GROUP (China)
9. Superior Industries International (US)
10. Accuride Corporation (US)
11. MHT Luxury Wheels (US)
12. Status Wheels, Inc. (US)
13. Wheel Pros, LLC (US)
14. Fuel Off-Road Wheels (US)
15. SOTA Offroad (US)
16. Forgiato Wheels (US)
17. KONIG AMERICAN (US)
18. LKQ Corporation (US)
19. HRE Performance Wheels (US)
20. Vossen Wheels (US)
21. ALCOA WHEELS (US)
22. Steel Strips Wheels Ltd. (India)
23. Enkei Wheels India Ltd. (India)
24. Hitachi Metals (Japan)
25. TOPY INDUSTRIES (Japan)
26. Mangels Industrial (Brazil)
27. Ronal AG (Switzerland)
28. CMWheels (UK)
29. Alcar Holding GmbH (Austria)
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Automotive Wheel Market Regional Analysis:
North America (the United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa have all been researched (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The Automotive Wheel research provides regional competitive situations. These insights assist Automotive Wheel market participants in improving tactics and creating new chances to achieve extraordinary results.
Table of content for the Automotive Wheel Market includes:
Part 01: Executive Summary
Part 02: Scope of the Automotive Wheel Market Report
Part 03: Automotive Wheel Market Landscape
Part 04: Automotive Wheel Market Sizing
Part 05: Automotive Wheel Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Questions Answered in the Automotive Wheel Market Report are:
- What is Automotive Wheel ?
- What is the expected CAGR of the Automotive Wheel market during the forecast period?
- What are the global and regional trends in the Automotive Wheel Market?
- What are the major challenges that the Automotive Wheel Market could face in the future?
- How is the intervention from regulatory authority is shaping the Automotive Wheel Market?
- What growth strategies are the players considering to increase their presence in Automotive Relay Market?
- Who held the largest market share in Automotive Wheel Market?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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