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Automotive Wheel Market: Market Demand, Applications, by 2025

Added: (Mon Apr 01 2019)

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A Comprehensive research study conducted by KD Market Insights on ” Automotive Wheel Market by Material type (Alloy, Steel, and Carbon Fiber), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and End User (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018 – 2025” report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Automotive Wheel Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments.


Automotive wheel is a component that rotates and transmits the drive from the axle to the road. It also provides a means to affix the tires. The automotive wheel comprises a rim, spoke, and hub. The quality of wheels are tested and checked using advanced technology to accomplish customers’ demand and standards of the automobile industry. Technological advancements and growth in vehicle standards contribute to the growth of the automotive wheel market globally. Moreover, rapid increase in sales of high-end cars boost the demand for advanced vehicles and thus drives the growth of the market.


According to the Guardian UK, the number of cars to roll off in UK production lines rose by 7.3% in August 2018, as compared to 2017. The UK government is encouraging growth in its transportation industry. Road transport in the UK carries 90% of passengers and 65% of domestic freight. Enhanced road infrastructure has ensured swift transition from railroads to roadways for transportation, which drives the demand for wheels in the country.The Asia-Pacific automotive wheel industry is largely controlled by government policies, which encourage sustainable manufacturing and investments in the sector. Furthermore, increased passenger car and vehicle registration in the Asia-Pacific creates lucrative opportunities for the expansion of the automotive wheel market.


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The global automotive wheel market is segmented based on material type, vehicle type, end user, and region. Alloy, steel, and carbon fiber are studied under the material segment. Based on the vehicle type, the market is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. Based on end user, the market is divided into original equipment manufacturer (OEM) and aftermarket. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.


The major players operating in the global automotive wheel market are Iochpe-Maxion, CITIC Dicastal Wheel Manufacturing, Hitachi Metals, Steel Strips Wheels, American Eagle Wheels, United Wheels Group, CLN Group, Borbet, Topy Industries Limited, and Accuride Corporation.

These players have focused on vital market strategies, such as mergers, acquisitions, collaborations, and partnerships, to strengthen their market reach; thereby, retaining their position in the competitive market.


Automotive Weel Market Key Segments:

By Material Type

– Alloy (Aluminum & Magnesium)

– Steel

– Carbon Fiber


By Vehicle Type

– Passenger Car

– Light Commercial Vehicle (LCV)

– Heavy Commercial Vehicle (HCV)


By End User

– Original Equipment Manufacturer (OEM)

– Aftermarket


By Region

North America

– U.S.

– Canada

– Mexico

– Europe

– UK

– Germany

– France

– Spain

Rest of Europe

– Asia-Pacific

– China

– India

– Japan

– South Korea

Rest of Asia-Pacific

– LAMEA

– Latin America

– Middle East

– Africa


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Table of Content


Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY BENEFITS FOR STAKEHOLDERS

1.3. KEY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models


Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE


Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.4. MARKET SHARE ANALYSIS (2017)

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increase in vehicle production

3.5.1.2. Weight reduction trends in vehicle

3.5.2. Restraint

3.5.2.1. Volatility in raw material prices

3.5.3. Opportunities

3.5.3.1. Increased adoption of carbon fiber in automotive industry

3.5.3.2. Increasing investment on wheel design for better aerodynamics


Chapter: 4: AUTOMOTIVE WHEEL MARKET, BY MATERIAL TYPE

4.1. OVERVIEW

4.2. ALLOY (ALUMINUM & MAGNESIUM)

4.2.1. Key market trends, growth factors and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market analysis by country

4.3. STEEL

4.3.1. Key market trends, growth factors, and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market analysis by country

4.4. CARBON FIBER

4.4.1. Key market trends, growth factors, and opportunities

4.4.2. Market size and forecast, by region

4.4.3. Market analysis by country


Chapter: 5: AUTOMOTIVE WHEEL MARKET, BY VEHICLE TYPE

5.1. OVERVIEW

5.2. PASSENGER CAR

5.2.1. Key market trends, growth factors and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market analysis by country

5.3. LIGHT COMMERCIAL VEHICLE (LCV)

5.3.1. Key market trends, growth factors, and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market analysis by country

5.4. HEAVY COMMERCIAL VEHICLE

5.4.1. Key market trends, growth factors, and opportunities

5.4.2. Market size and forecast, by region

5.4.3. Market analysis by country


Chapter: 6: AUTOMOTIVE WHEEL MARKET, BY END USER

6.1. OVERVIEW

6.2. ORIGINAL EQUIPMENT MANUFACTURER

6.2.1. Key market trends, growth factors and opportunities

6.2.2. Market size and forecast, by region

6.2.3. Market analysis by country

6.3. AFTERMARKET

6.3.1. Key market trends, growth factors, and opportunities

6.3.2. Market size and forecast, by region

6.3.3. Market analysis by country


Chapter: 7: AUTOMOTIVE WHEEL MARKET, BY REGION

7.1. OVERVIEW

7.2. NORTH AMERICA

7.2.1. Key market trends, growth factors, and opportunities

7.2.2. Market size and forecast, by material type

7.2.3. Market size and forecast, by vehicle type

7.2.4. Market size and forecast, by end user

7.2.4.1. U.S.

7.2.4.1.1. Market size and forecast, by Material type

7.2.4.1.2. Market size and forecast, by vehicle type

7.2.4.1.3. Market size and forecast, by End user

7.2.4.2. Canada

7.2.4.2.1. Market size and forecast, by Material type

7.2.4.2.2. Market size and forecast, by Vehicle type

7.2.4.2.3. Market size and forecast, by End user



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