Automotive Steel Wheels Market 2022-2028
A New Market Study, Titled “Automotive Steel Wheels Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
This global study of the Automotive Steel Wheels Market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Automotive Steel Wheels industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
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The automotive steel wheels market in SAM is expected to grow from US$ 196.30 million in 2020 to US$ 249.51 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021–2028. Steel wheels still finds application under heavy load carrying vehicles such as commercial vehicle. Medium and heavy-duty trucks (M&HDT) ranging from class 3 to 8 generally use steel wheels as they have a higher rated weight carrying capacity than alloy wheels. Alloy wheels are not a good choice where gross vehicle weight rating (GVWR) is above 6 tons. These vehicles still use an Internal Combustion Engine (ICE) as their preferred powertrain. However, with the advancement of battery technology with higher power output and the development of Solid-State Battery (SSB), it is expected that electric powertrain would come into mainstream by 2028 for medium and heavy commercial vehicles. Thus, during the forecast period, it is expected to offer lucrative opportunities for steel wheels market to penetrate into the electric commercial vehicle spectrum. The increase in demand for lightweight steel wheels is among the other factors propelling the demand for automotive steel wheels.
Company Coverage (Sales data, Main Products & Services etc.):
- TOPY INDUSTRIES LIMITED
- STEEL STRIPS WHEELS LIMITED
- SHANGHAI BAOSTEEL AUTOPARTS CO. LTD.
- Klassic Wheels Ltd.
- IOCHPE-MAXION SA
- Fastco Canada
- Central Motor Wheel of America, Inc.
- ALCAR HOLDING GMBH
- Accuride Corporation
Market by Type
- Cast Iron
- Alloy Steel
Market by Application
- Commercial Vehicles
- Passenger Vehicles
Automotive Steel Wheels Market Regional Analysis:
The report provides market size for all the segments and their categories for regions that include North America, Europe, Asia Pacific (APAC), Latin America and the Middle East & Africa (MEA). These regions are further bifurcated into major countries including the U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. The report has analyzed both developed & developing regions considered for research of the Automotive Steel Wheels market. To assist firms in developing effective development strategies, the regional analysis section provides a complete overview of the industry from a number of countries and regions.
Market segment by Region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Table of Contents
Part 1: Market Overview, Development, and Segment by Type, Application & Region
Part 2: Company information, Sales, Cost, Margin etc.
Part 3: Global Market by company, Type, Application & Geography
Part 4: Asia-Pacific Market by Type, Application & Geography
Part 5: Europe Market by Type, Application & Geography
Part 6: North America Market by Type, Application & Geography
Part 7: South America Market by Type, Application & Geography
Part 8: Middle East & Africa Market by Type, Application & Geography
Part 9: Market Features
Part 10: Investment Opportunity
Part 11: Conclusion
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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