Global Automotive Alloy Wheel Market Research Report: By Finishing Type (Polished Alloy Wheel, Two-toned Alloy Wheel, and Others), Wheel Type (Compact-Size, Mid-Size, and Full-Size), Vehicle Type (Passenger Car and Commercial Vehicle), and Region (Europe, North America, Asia-Pacific, and Rest of the World)– Forecast till 2025.
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Market Research Future (MRFR), in its latest “Automotive Alloy Wheel Market” report, discusses growth inducers, limitations, and contributions of key players of the market. It states that the global market of automotive alloy wheel is expected to thrive at about 5% CAGR across the forecast period (2019–2025). The inclination of people towards improved riding experience is expected to cause a hike in the automotive alloy wheel market 2020 valuation. MRFR findings suggest that the worldwide market of automotive alloy is estimated to worth USD 21 billion by 2025. An increase in demand for aesthetic, lightweight, but sturdy automotive components is observed to gain traction for different types of alloy wheels for cars. In addition, electric vehicles that are observed to replace traditional fuel-powered cars, also have automotive alloy wheels. Thus, it can expedite the expansion of the global automotive alloy wheel market.
The worldwide automotive alloy wheel market’s segmental analysis is based on wheel type, automotive alloy wheel market sales channel, and vehicle type.
The finishing type-based segments of the market are two-toned alloy wheel, polished alloy wheel, and others. Two-toned alloy wheels offer better brake cooling and higher stability. These benefits are aiding them in gaining high popularity in the automobile sector. In addition, an increase in the incorporation of two toned alloy wheels in SUVs that has increased sales number, is expected to essentially contribute to the market expansion.
The wheel type-based market segments are mid-size, compact-size, and full-size. Compact-size alloy wheels are extensively used in lightweight vehicle and they have high strength. These features are expected to gain substantial traction.
The vehicle type-based segments if the market are commercial vehicle and passenger car. Increase in world population and the rising demand for better passenger car models are factors that can cause substantial revenue generation for the global automotive alloy wheel market.
OEM and aftermarket are the sales channel-based segments of the market. The presence of numerous OEMs across the globe, especially in Mexico, China, India, and Brazil, and their large consumer base are expected to support the market expansion.
The automotive alloy wheel market in North America is expected to register substantial growth in the foreseeable future. The aesthetic appeal of alloy wheel is observed to meet the growing demand for luxurious automobiles among people in this region. Moreover, the inclination of people towards quality over price is adding to the momentum of the regional market. In the US, the demand for automotive alloy wheel is high. Thus, its high sales volume in the US is likely to back the fast expansion of the North America automotive alloy wheel market. German cars have a competitive edge due to their classy designs and sturdiness. Alloy wheels are well known for their strength and are gaining popularity due to the availability of customization options. Thus, the Europe automotive alloy wheel market is expected to thrive in the coming years. Asia Pacific hosts numerous giant automobile manufacturers thereby can be responsible for an upsurge in the APAC automotive alloy wheel market revenue.
MRFR listedprominent players functioning in the automotive alloy wheel market. It includes MHT Luxury Wheels (U.S.), Euromax Wheel (U.S.), Wheel Pros, LLC (U.S.), Status Wheels, Inc. (U.S.), SOTA Offroad (U.S.), Fuel Off-Road Wheels (U.S.), Ronal AG (Switzerland), Enkei Wheels India Ltd.(India), BBS Kraftfahrzeugtechnik AG (Germany), Uniwheels (Switzerland), and others. Market players are opting for strategies that can improve their status and draw high revenue. Mergers and acquisition, and strategic partnerships are some of those strategies that are expected to work in favor of the global automotive alloy wheel market. Investments made by these companies for innovations is expected to achieve long-term revenue goals.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Sales Channel
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Automotive Alloy Wheel Market, By Finishing Type
5.2. Polished Alloy Wheel
5.2.1. Market Estimates & Forecast, 2019–2025
5.2.2. Market Estimates & Forecast, By Region, 2019–2025
5.3. Two-Toned Alloy Wheel
5.3.1. Market Estimates & Forecast, 2019–2025
5.3.2. Market Estimates & Forecast, By Region, 2019–2025
5.4.1. Market Estimates & Forecast, 2019–2025
5.4.2. Market Estimates & Forecast, By Region, 2019–2025
6. Global Automotive Alloy Wheel Market, By Wheel Type
6.2.1. Market Estimates & Forecast, 2019–2025
6.2.2. Market Estimates & Forecast, By Region, 2019–2025
6.3.1. Market Estimates & Forecast, 2019–2025
6.3.2. Market Estimates & Forecast, By Region, 2019–2025
6.4.1. Market Estimates & Forecast, 2019–2025
6.4.2. Market Estimates & Forecast, By Region, 2019–2025
7. Global Automotive Alloy Wheel Market, By Vehicle Type
7.2. Passenger Car
7.2.1. Market Estimates & Forecast, 2019–2025
7.2.2. Market Estimates & Forecast, By Region, 2019–2025
7.3. Commercial Vehicle
7.3.1. Market Estimates & Forecast, 2019–2025
7.3.2. Market Estimates & Forecast, By Region, 2019–2025
8. Global Automotive Alloy Wheel Market, By Sales Channel
8.2.1. Market Estimates & Forecast, 2019–2025
8.2.2. Market Estimates & Forecast, By Region, 2019–2025
8.3.1. Market Estimates & Forecast, 2019–2025
8.3.2. Market Estimates & Forecast, By Region, 2019–2025
9. Global Automotive Alloy Wheel Market, By Region
9.2. North America
9.2.1. Market Estimates & Forecast, By Country, 2019–2025
9.2.2. Market Estimates & Forecast, By Finishing Type, 2019–2025
9.2.3. Market Estimates & Forecast, By Wheel Type, 2019–2025
9.2.4. Market Estimates & Forecast, By Sales Channel, 2019–2025
9.2.5. Market Estimates & Forecast, By Vehicle Type, 2019–2025
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