Automotive alloy wheels are made from either an alloy of magnesium or aluminum or a mixture of both. Automotive alloy wheels are light weight wheels which improve the steering and speed of a car. Since aluminum or magnesium alloy is a good conductor of heat, automotive alloy wheels decrease heat dissipation from brakes and reduce the risk of brake failure under extreme driving conditions. Automotive alloy wheels have complex geometry and satisfy the manifold design criteria, such as weight, style, performance and manufacturability.
Increasing demand for light weight and corrosion resistant alloy wheels is increasing due to changing weather conditions, which is a key factor boosting the growth of the automotive alloy wheel market. Automotive alloy wheels support tubeless tires and also offer better grip on brakes. These are some of the benefits that are likely to increase the demand for automotive alloy wheels, which in turn, will accelerate the growth of the automotive alloy wheel market in the upcoming years. The nominal reduction in fuel consumption and precise steering handling are some of the other important factors that will drive the growth of the automotive alloy wheel market.
The demand for vehicles fitted with wheels made from heavy metal is increasing in cold countries as these wheels successfully offer resistance to skidding during snow or hail. This factor is estimated to hamper the growth of the automotive alloy wheel market in the upcoming years.
In 2019, the market size of Automobile Alloy Wheels is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automobile Alloy Wheels.
This report studies the global market size of Automobile Alloy Wheels, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automobile Alloy Wheels production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Borbet
Enkei
Ronal Group
Arconic
CITIC Dicastal
Maxion Wheels
UniwheelS Group
...
Market Segment by Product Type
Aluminum
Magnesium
Carbon Fiber
Market Segment by Application
Passenger Vehicles
Commercial Vehicles
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automobile Alloy Wheels status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automobile Alloy Wheels manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automobile Alloy Wheels are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automobile Alloy Wheels. Industry analysis & Market Report on Automobile Alloy Wheels is a syndicated market report, published as Global (United States, European Union and China) Automobile Alloy Wheels Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automobile Alloy Wheels market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.