Comprehensive Analysis of the Automotive Wheel Market Landscape
The study provides a thorough analysis of the "Automotive Wheel Market," including revenue trends and industry data as of right now. It offers a thorough analysis of the definition, structure, and major affecting variables of the market before delving into proactive management strategies. To comprehend the dynamics of the industry, critical factors including supply, capacity utilization, market share, expenses, and gross margin are carefully examined. Additionally, the research projects the Automotive Wheel market's future course and offers insightful information about possible advancements.
Automotive Wheel Market Report Coverage and Methodology
This report provides a thorough assessment of competitive benchmarking and development prospects, with a particular focus on identifying significant companies' primary drivers and restrictions. It examines current market developments, upcoming insights, and Automotive Wheel trends, covering the supply chain, demand chain, and sales. The Automotive Wheel research includes important data like Company Profiles, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin, and Sales by Product.
For a detailed market analysis, please refer to the research report summary:
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Automotive Wheel Market Valuation :
Automotive Wheel Market was valued at US$ 42.31 Bn. in 2023 and the total Automotive Wheel revenue is expected to grow at 5.9% from 2024 to 2030, reaching nearly US$ 63.21 Bn.
Automotive Wheel Market Segmentation
According to Material, throughout the projection period, the alloy segment is anticipated to rise at a CAGR of 4.8%. Alloy wheels are sometimes purchased for aesthetic reasons (visible repairs), despite the fact that the poorer alloys are usually not resistant to corrosion. Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys.
by Rim Size
13"-15"
16"-18"
19"-21"
Above 21"
by Material
Alloy
Steel
Aluminum
Carbon Fiber
Other
Due to the higher manufacturing costs associated with alloy wheels compared to regular steel wheels, these wheels are occasionally offered as optional extras or as part of a more costly trim package rather than as standard equipment. However, compared to a decade earlier, when alloy wheels were often not factory options on low-cost vehicles, alloy wheels have become considerably more common, now featured on budget and subcompact cars.
by Vehicle
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
by End-User
Original Equipment Manufacturer (OEM)
Aftermarket
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Automotive Wheel Market Regional Insights
- North America
- Europe
- Asia-Pacific
- The MEA
- Latin America
The study's examination of the Automotive Wheel Market looks at the supply chains of manufacturers, current laws and regulations, supply chains, cost structures, and market share. By examining the pricing of the commodities in the region in proportion to the profit created, the regional markets for the Automotive Wheel Market are explored.
Automotive Wheel Market Key Players
1. MAXION Wheels (Germany)
2. Borbet GmbH (Germany)
3. Uniwheels (Germany)
4. BBS Kraftfahrzeugtechnik AG. (Germany)
5. Thyssenkrupp AG (Germany)
6. CITIC Dicastal Co., Ltd. (China)
7. Zhejiang Wanfeng Auto Wheel (China)
8. LIZHONG WHEEL GROUP (China)
9. Superior Industries International (US)
10. Accuride Corporation (US)
11. MHT Luxury Wheels (US)
12. Status Wheels, Inc. (US)
13. Wheel Pros, LLC (US)
14. Fuel Off-Road Wheels (US)
15. SOTA Offroad (US)
16. Forgiato Wheels (US)
17. KONIG AMERICAN (US)
18. LKQ Corporation (US)
19. HRE Performance Wheels (US)
20. Vossen Wheels (US)
21. ALCOA WHEELS (US)
22. Steel Strips Wheels Ltd. (India)
23. Enkei Wheels India Ltd. (India)
24. Hitachi Metals (Japan)
25. TOPY INDUSTRIES (Japan)
26. Mangels Industrial (Brazil)
27. Ronal AG (Switzerland)
28. CMWheels (UK)
29. Alcar Holding GmbH (Austria)
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Key Offerings - The Bountiful Treasure
- Market Share, Size & Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation: A detailed analysis Automotive Wheel
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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