The global market of automotive alloy wheel is growing rapidly. Focus towards improved efficiency, and improved driving experience makes automotive alloy wheel popular among manufacturers as well as consumers. Such automotive alloy wheel has features such as recyclability, less cost and manufacture as per the weight of the vehicle, which push the market towards growth. Automotive alloy wheel production is consequently high in Asia-Pacific, with China and India expected to be the most promising markets. Rising production levels, growing automotive industry and an increasing demand for the lightweight automotive alloy wheel supplied by manufacturers, are driving the automotive alloy wheel market.
The new trends being witnessed are Research and development being carried by automotive alloy wheel manufacturers with focus on advantageous locations for production and short-distance supply to reduce costs.
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Key Players of Automotive Alloy Wheel Market:
- Euromax Wheel (U.S.)
- MHT Luxury Wheels (U.S.)
- Status Wheels, Inc. (U.S.)
- Wheel Pros, LLC (U.S.)
- Fuel Off-Road Wheels (U.S.)
- SOTA Offroad (U.S.)
- Enkei Wheels India Ltd. (India)
- Ronal AG (Switzerland)
- Uniwheels (Switzerland)
- BBS Kraftfahrzeugtechnik AG (Germany)
Market Research Future Analysis:
Market Research Future analysis shows that the global market of automotive alloy wheel market is estimated to grow at a 2.9 % CAGR by the end of year 2023. Changing life styles, and urbanization are some of the major factors driving the market of automotive alloy wheel. Asia-Pacific is leading the market of automotive alloy wheel, followed by North America which is expected to grow rapidly due to increased domestic demand for automotive alloy wheel. Automotive companies including two-wheeler manufacturers and passenger cars manufacturers are constantly trying to emphasize more on innovation for their product offering in order to enhance the efficiency of automotive.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Alloy Wheel Material Market, By Finishing Type
4.2 Polished alloy wheel
4.3 Two-toned allay wheel
5 Global Automotive Alloy Wheel Material Market, By Wheel type
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