Automotive Aluminum Alloy Wheels Market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 13360 million in 2020. Over the next five years the Automotive Aluminum Alloy Wheels market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 14740 million by 2026. Automotive Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.
The report also assesses the key opportunities in the Automotive Aluminum Alloy Wheels market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Automotive Aluminum Alloy Wheels Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The classification of Automotive Aluminum Alloy Wheel includes Casting, Forging and Other. The proportion of Casting in 2017 is about 80.15%. Cast wheels are cheaper than forged wheels, which are lighter and stronger.
Automotive Aluminum Alloy Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Automotive Aluminum Alloy Wheel is used in Passenger Vehicle, and the sales proportion in 2017 is about 94%
China and Europe is the main consumption places, with a consumption market share nearly 28.66% and 24.65% in 2017. Other regions also enjoy the major market share in global region.
In the future, the automotive aluminum alloy wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weakening. The installed rate in the commercial vehicle will increase.
Top Key players in the Automotive Aluminum Alloy Wheels Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Automotive Aluminum Alloy Wheels Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Zhongnan Aluminum Wheels, YHI, Yueling Wheels, Guangdong Dcenti Auto-Parts, Zhejiang Jinfei, Wanfeng Auto, Lizhong, CITIC Dicastal, Borbet, Ronal Wheels, Alcoa, Superior Industries, Iochpe-Maxion, Uniwheel, Enkei Wheels, Accuride, Topy and others.
Global Automotive Aluminum Alloy Wheels Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Automotive Aluminum Alloy Wheels Market is segmented based on the type, applications, companies and regions.
By Type, Automotive Aluminum Alloy Wheels Market has been segmented into
The end user’s industry application on Automotive Aluminum Alloy Wheels Market is,
The report offers in-depth assessment of the growth and other aspects of the Automotive Aluminum Alloy Wheels Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Automotive Aluminum Alloy Wheels Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Automotive Aluminum Alloy Wheels Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Automotive Aluminum Alloy Wheels Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
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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.
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.
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.
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.