Processing your payment...
Please do not close your browser.

Automotive Alloy Wheel Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: CITIC Dicastal, Zhejiang Jinfei, Borbet, Howmet Aerospace

02 Mar, 2022 | 165 Pages
Shares
facebook sharing button
linkedin sharing button
twitter sharing button
sharethis sharing button

Registering a CAGR of 3.2% over the forecast period, the market value of Automotive Alloy Wheel is expected to reach US$ 17500 million in the year 2027.



Automotive Alloy Wheel Market Overview



Alloy wheels have a widespread application due to their high resilience and lightweight. Also, aluminum alloy wheels amplify the aesthetic appearance of the vehicle. Automakers are being forced to manufacture lighter, environment-friendly, and safer cars as the amount of carbon dioxide emitted is proportional to the amount of fuel consumption and the size of the vehicle; hence, reducing weight becomes a critical necessity.aluminum or magnesium alloy is a good conductor of heat, automotive alloy wheels reduction heat dissipation from brakes and reduce the risk of brake failure under extreme driving conditions. Automotive alloy wheels have complex geometry and satisfy the manifold design criteria, such as weight, style, performance and manufacturability.Changing consumer lifestyles and shifting inclination toward using light vehicles are probable to provide new opportunities for the market growth. The fast urbanization, increase in vehicle demand and production, and regulations related to fuel efficiency are expected to further propel the Aluminum Alloy Wheels Market growth during the forecast period.vehicle manufacturers have turned their attention to safe, luxurious, and lightweight selections. Lightweight materials and premium interiors are vital factors to provide some of the biggest opportunities in the automotive industry. This means that suppliers will have to develop solutions that help OEMs meet continually tightening regulations and satisfy the widening range of consumers’ tastes.



Industry News and Updates



Maxion İnci Wheel Group makes an investment of 250 million TRY in a new plant in Manisa



15 March 2021: Maxion İnci Wheel Group, a subsidiary of İnci Holding and Maxion Wheels, the world’s largest wheel manufacturer, makes an investment of 250 million TRY in a new plant in order to increase its heavy and commercial vehicle wheel production capacity. The construction and infrastructure work of the new heavy and commercial vehicle wheel production plant have been completed. 



In June 2021, Maxion İnci Wheel Group, a subsidiary of İnci Holding and Maxion Wheels, invested TRY 250 million in a new plant to increase its heavy and commercial vehicle wheel production capacity.



In January 2021, Citic Dicastal, specializing in aluminum casting and the production of aluminum automotive parts, set up the second production plant for aluminum rims with a budget of EUR 350 million in Kenitra, Morocco.



RONAL GROUP Launches New Application Wheel RONAL R67



04 Mar 2021: Following the success of the RONAL R62, which can be customised with colourful design elements, the RONAL GROUP is launching another product with two different colored applications due to the great demand: the RONAL R67.



What are the major Applications, Types and Regions for Automotive Alloy Wheel Market?



Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Casting

  • Forging

  • Other



By Application, it is segmented into




  • Passenger Vehicle

  • Commercial Vehicle



Automotive Alloy Wheel Market Regional Analysis



Asia-Pacific is expected to lead the automobile wheels market. China and India are mostly responsible for this expansion. With about 60% of the world's vehicles in the region, the region's demand for automobiles will be the largest globally during the projected period, owing to the world's highest population proportion and two densely populated nations, China and India. People's income levels in this region are likewise increasing at a quick rate.  In India, the growth rate of alloy wheels is more than the growth in the automotive wheel market average. Passenger cars have been growing at a rate of approximately 9% per annum. The growth rate of alloy wheels has been more than 15%, and it is expected to grow at 20% in the coming years. India manufactures alloy wheels of sizes ranging from 12 to 18 inches. However, the largest share goes to 14 to 16 inches alloy wheels, which cover approximately 70% of the market, as the components sector is strong enough to cash in on India’s cost-effectiveness, profitability, and globally recognized engineering capabilities.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Automotive Alloy Wheel Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Alloy Wheel Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Automotive Alloy Wheel Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 3.2% during the review period (2022 to 2027).



By Type




  • Casting

  • Forging

  • Other

  • Other



By Application




  • Passenger Vehicle

  • Commercial Vehicle

  • Others



By Companies



CITIC Dicastal, Zhejiang Jinfei, Borbet, Howmet Aerospace, Superior Industries, Ronal Wheels, Lizhong Group, Iochpe-Maxion, Enkei Wheels, Wanfeng Auto, Accuride, YHI International Limited, Zhongnan Alloy wheels, Yueling Wheels, Topy Group and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



165



Customization Available



Yes, the report can be customized as per your needs






  



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Automotive Alloy Wheel Report




  • Evaluate Automotive Alloy Wheel market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Automotive Alloy Wheel market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



FAQ -



What is the study period of this market?



The Automotive Alloy Wheel Market is studied from 2017 - 2027.



 What is the growth rate of Automotive Alloy Wheel Market?



The Automotive Alloy Wheel Market is growing at a CAGR of 3.2% over the next 5 years.



What regions does this Automotive Alloy Wheel Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL AUTOMOTIVE ALLOY WHEEL MARKET BY TYPE

    3. GLOBAL AUTOMOTIVE ALLOY WHEEL MARKET BY APPLICTAION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR AUTOMOTIVE ALLOY WHEEL



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. AUTOMOTIVE ALLOY WHEEL GROWTH

      2. APPLICATION OF AUTOMOTIVE ALLOY WHEEL



    4. IMPACT OF COVID 19



  5. GLOBAL AUTOMOTIVE ALLOY WHEEL MARKET, BY TYPE

    1. INTRODUCTION

    2. CASTING

    3. FORGING

    4. OTHER



  6. GLOBAL AUTOMOTIVE ALLOY WHEEL MARKET, BY APPLICATION

    1. INTRODUCTION

    2. PASSENGER VEHICLE

    3. COMMERCIAL VEHICLE



  7. GLOBAL AUTOMOTIVE ALLOY WHEEL MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. CITIC DICASTAL

      2. ZHEJIANG JINFEI

      3. BORBET

      4. HOWMET AEROSPACE

      5. SUPERIOR INDUSTRIES

      6. RONAL WHEELS

      7. LIZHONG GROUP

      8. IOCHPE-MAXION

      9. ENKEI WHEELS

      10. WANFENG AUTO

      11. ACCURIDE

      12. YHI INTERNATIONAL LIMITED

      13. ZHONGNAN ALLOY WHEELS

      14. YUELING WHEELS

      15. TOPY GROUP





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

Please Choose License Type

  • Single User License
    $2500
  • Site License
    $3000
  • Global License
    $5000

How can we help you?

Reach us with your research requirements and we shall provide the optimum solution to suit your needs.

Curioust about Multiple Reports?

Discounts available for multiple report purchases.

Contact Us

Our Clients

  • Merck
  • IBM
  • Dow
  • Henkel
  • AirBus
  • Cummins
  • Intel
  • Sony
  • 3M
  • 3M
  • 9