Automotive Alloy Wheels Market is Expected to Reach USD 24.8 Billion by the End of 2024

Major Demand for Automotive Alloys is Expected to be Generated From Asia Pacific Region During The Forecast Period

According to Goldstein Research, growing automobile industry and rising trend of customization of vehicles have majorly driven the growth of automobile alloy wheels market. Automotive alloy wheels major market players continuously focusing on providing cut edge technology with performance driven products. Alloy wheels also increase the acceleration and braking performance and also improve fuel economy as they are lightweight and provide better heat conduction. Global automotive alloy wheels market outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for the significant expansion of business in developed and as well as in developing countries across the globe. Based on geography, North America accounted for the highest revenue share in global automobile alloy wheels market in 2016 with more than USD 4.5 billion revenue share.

Automotive Alloy Wheels Market Segmentation

On the basis of our in-depth analysis, global automotive alloy wheels market can be segmented as follows:

  • By Vehicle Type
    • Passenger vehicles
    • Four wheelers
    • Two wheelers
    • Commercial Vehicles
    • LCV (Light Commercial Vehicles)
    • HCV (Heavy Commercial Vehicles)
  • By Material Type
    • Aluminum
    • Magnesium
    • Carbon Fiber
  • By End Users
    • OEMs (Original Equipment Manufacturer)
    • Aftermarket
  • By Geography
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}


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Automotive Alloy Wheels Industry Trends & Challenges

Global Automotive Alloy Wheels Market Outlook 2024contains a detailed overview of the global automotive alloy wheels market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by vehicle, by material, and by end users.

Further, for the in-depth analysis, Automotive Alloy Wheels Industry Analysis report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Borbet, Uniwheels, CM Wheels, Alcoa Wheels, CITIC Dicastal, Maxion, Accuride, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automobile alloy wheels market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Automotive industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in a rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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