Automobile Alloy Wheels Market: Fashion Trend In Automotive Industry

By Goldstein Market Intelligence || 2019-01-02 10:20:02 AM

Automobile Alloy Wheels Market: Fashion Trend In Automotive Industry

Automobile Alloy Wheels Market Outlook

Market Overview

Automobile alloy wheels major market players are focused on delivering cutting-edge technology along 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. Automobile Alloy Wheels Market outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for a significant expansion of business in developed and in developing countries across the world. On the basis of the regional analysis, North America is driving the highest revenue share in global automobile alloy wheels market in 2016 with more than USD 4.5 billion revenue share.

Browse Full Report: Automobile Alloy Wheels Market

Growth Drivers

According to the report published by Goldstein Research, The rising automotive industry and the growing trend of customization of vehicles is predominantly driving the automobile alloy wheels market. Moreover, major alloy wheel manufacturers in the market are witnessed to adopt different business strategies such as mergers& acquisitions to stand with the immense market competition in the automobile sector. For instance, the Dymag, one of the top performing alloy wheel manufacturer, has recently introduced carbon composite car wheels such that when measured they are 40% lighter than equivalent ORM aluminum alloy wheels of the same size category.

Geographic Analysis

North America's automotive aftermarket industry consists of a substantial share in global alloy wheel market with more than 5% are tire dealers, 20% are auto body shops and 75% customers are car dealerships in the aftermarket. Further, North America is closely followed by Europe with +22% share in automotive alloy wheels market. Across Europe, Germany consists of the largest market for automobile alloy wheels in terms of highest consumption as compared to demand & supply throughout the region.

Market Segmentation

Global automobile alloy wheels market can be segmented as follows:

By Vehicle Type

  1. Passenger vehicles
  2. Four wheelers
  3. Two wheelers
  4. Commercial Vehicles
  5. LCV (Light Commercial Vehicles)
  6. HCV (Heavy Commercial Vehicles)

By Material Type

  1. Aluminum
  2. Magnesium
  3. Carbon Fiber

By End Users

  1. OEMs (Original Equipment Manufacturer)
  2. Aftermarket

By Geography

  1. North America
  2. Europe
  3. Middle East and Africa
  4. Latin America
  5. Asia Pacific

Key Players

The global Automobile Alloy Wheels Market Report encompasses the competitive outlook of following major players: Borbet, Uniwheels, CM Wheels, Alcoa Wheels, CITIC Dicastal, Maxion, Accuride, etc.

Global Automobile Alloy Wheels Market Outlook, 2016-2024 Covers:

  1. Forecast market size (USD), market share (%) and market growth CAGR, 2016-2024
  2. Present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
  3. In-depth competitive analysis of the major players and leaders in automobile alloy wheels market.
  4. Future prospects of the overall industry based on manufacturers and suppliers inautomobile aftermarket across the globe.
  5. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models.
  6. Global automobile alloy wheels market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
  7. Market growth dynamics, challenges, risk analysis, trends & opportunities for the new & existing players in the market.
  8. The market segmentation in the report is backed by the estimated & forecast market size (USD) & market share (%) along with the BPS analysis & market attractiveness.

Key questions answered in Global Automobile Alloy Wheels Market Report

  1. What is the global automobile alloy wheels market Size by 2025 and what would be the expected growth rate of the industry?
  2. What is the total revenue per segment and region in global automobile alloy wheels market in 2016-2017 and what would be the expected revenue per segment and region over the forecast period?
  3. What are the global automobile alloy wheels market trends and recent developments?
  4. What are the factors which are driving global automobile alloy wheels market?
  5. What are the major barriers to global automobile alloy wheels market growth?

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