The Global Automotive Wheel Market is estimated to reach USD 25.2 Billion in 2024 at a CAGR of 4.1%. Increasing demand of light weight wheels, demand for aluminum material in automotive industry and increasing vehicle sales in immerging economies is expected to drive the automotive wheel market during the forecast period. However, high price of carbon fiber wheel are expected to restrain the market during the forecast period. Demand for 3D printed wheels and demand for two-piece wheels is expected to become an opportunity for automotive wheel market.
Automotive wheel is an important part of any automotive machine which rotate and transmits the drive from the axle to the load. Wheels should be strong enough to support the vehicle and with stand the forces caused by normal operation. It can be made from aluminium alloy or magnesium alloy. Alloy wheels are expected to dominate the automotive wheels during the forecast period. The three basic elements of a wheel are hub, spokes and rim. Some key players in automotive wheel are Accuride International Inc., Steel Strips Wheels Limited, Hitachi Metals, Ltd., Borbet Gmbh and Wheelpros LLC among others.
Get Sample Copy of This Report @ https://www.forencisresearch.com/automotive-wheel-market-sample-pdf/
Automotive Wheel Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global automotive wheel market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the the basis of material, the automotive wheel market is segmented into steel, aluminim, alloys, magnesium, carbon fiber and others.
- Based on wheel size, the automotive wheel market can be segmented into 13 inch – 16 inch, 17 inch – 20 inch and above 21 inch.
- Based on vehicle type, the automotive wheel market can be segmented into passenger car, light duty vehicle (LDV) and heavy duty vehicle (HDV).
- Based on vehicle-category, the automotive wheel market can be segmented into economy vehicles, mid-priced vehicles and luxury vehicles.
- Segmentation by end user includes original equipment manufacturer (OEM) and aftermarket.
- The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
Automotive Wheel Market: Report Scope
The report on the automotive wheel market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Request Report Methodology On Competition On Global Market Here @ https://www.forencisresearch.com/automotive-wheel-market-request-methodology/
List of the leading companies operating in the Automotive Wheel market include:
- ACCURIDE INTERNATIONAL INC. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Steel Strips Wheels Limited
- Hitachi Metals, Ltd.
- BORBET GmbH
- WHEELPROS LLC
- MAXION Wheels
- HRE Wheels
- RONAL GROUP
- Vossen Wheels
- Other Key Companies
Automotive Wheel Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Automotive Wheel Market by Material
- Carbon fibre
Automotive Wheel Market by Wheel Size
- 13 inch – 16 inch
- 17 inch – 20 inch
- Above 21 inch
Consult with an Analyst @ https://www.forencisresearch.com/automotive-wheel-market-consult-with-an-analyst/
Automotive Wheel Market by Vehicle Type
- Passenger Car
- Light Duty Vehicle
- Heavy Duty Vehicle
Automotive Wheel Market by Vehicle-Category
- Economy Vehicles
- Mid-Priced Vehicles
- Luxury Vehicles
Automotive Wheel Market, by End User
- Original Equipment Manufacturer (OEM)
Read Press Release of Global Automotive Wheel Market for More Information: https://www.forencisresearch.com/automotive-wheel-market-to-reach-usd-25-2-billion-in-2024/
Automotive Wheel Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/automotive-wheel-market-purchase-now/
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Phone: +1 (720) 306 9020
For more market research insights, please visit https://www.forencisresearch.com