Comprehensive Overview of the Automotive Wheel Market: Unveiling Market Insights
MMR’s recent thorough study, methodically constructed using a blend of primary and secondary data studies, sheds light on the complex environment of the Automotive Wheel Market. Our industry specialists have thoroughly examined the Automotive Wheel market, providing insights from both a local and global standpoint. This study not only examines market size, share, and segment-specific statistics, but it also serves as a useful resource for potential investors looking for a better grasp of market dynamics.
Automotive Wheel Industry Analysis and Progression:
Automotive Wheel Market Size 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.
Analysis of Global Automotive Wheel Market Segmentation:
Explore the Automotive Wheel market’s segmentation, which focuses on raw materials, applications, and geographies. The market is divided into four main segments: bio-based feedstock, natural gas, coal, and methanol. Applications include LPG blending, transportation fuel, aerosol propellant, and others. The market is segmented into five regions: Latin America, the Middle East and Africa, Asia Pacific, North America, and Europe.
Scope and Methodology for the Automotive Wheel Market Report:
Our study provides a detailed analysis of the Automotive Wheel market on a global, regional, and country level. The competitive landscape is thoroughly examined, offering light on the business tactics used by significant industry participants. Insights on competitors’ revenue, production capacity, sales, and global presence are offered, along with a SWOT analysis that highlights strengths and weaknesses. The research also examines market dynamics, including drivers, restraints, opportunities, and challenges.
Automotive Wheel Marketing Methodology:
Using a bottom-up approach, our research assesses the global and regional Automotive Wheel markets. Primary and secondary research methodologies were used to collect information about market size, share, regional insights, trends, and historical industry data. A full value chain analysis is offered, revealing the manufacturing process of Automotive Wheel , including information about raw materials, customers, and distributors. Additional analysis, such as PORTER, PESTLE, and market attractiveness, help to provide a complete picture of the Automotive Wheel market at both the macro and micro levels.
Automotive Wheel Market Classifications
The raw material, application, and region segments of the global Automotive Wheel market are separated out. The market for Automotive Wheel is divided into four segments: bio-based feedstock, natural gas, coal, and methanol. The market’s application category includes LPG blending, transportation fuel, aerosol propellant, and others. divided geographically into Latin America, the Middle East & Africa, Asia Pacific, North America, and Europe.
by Rim Size
13″-15″
16″-18″
19″-21″
Above 21″
by Material
Alloy
Steel
Aluminum
Carbon Fiber
Other
By Material, the alloy segment is expected to grow at a CAGR of 4.8% during the forecast period. Alloy wheels are frequently acquired for cosmetic purposes (visible repairs), even though the lesser alloys used are typically not corrosion-resistant. Alloys enable the adoption of appealing bare-metal finishes, which must be sealed with paint or wheel covers. Even if well covered, the wheels in use will rust after 3 to 5 years, however, refurbishment is now widely available at a price. Alloy wheels are prone to galvanic corrosion, which can cause tire air leaks if proper precautions are not followed. Furthermore, when bent, alloy wheels are harder to fix than steel wheels, although their greater price generally makes repairs less expensive than replacement.
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 Analysis
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Automotive Wheel market in these countries, which covering North America — U.S., Canada, Mexico, Europe — UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific — China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America — Brazil, and Middle East and Africa.
The following companies are included in the market for Automotive Wheel :
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)
List of Contents : Automotive Wheel Market
Part 01: Executive Summary
Part 02: Scope of the Automotive Wheel Market Report
Part 03: Automotive Wheel Market Landscape
Part 04: Automotive Wheel Market Sizing
Part 05: Automotive Wheel Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Crucial Products:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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