Over the past few year, factors such as Rapid Adoption of New Technologies
have contributed to the development of the Global Automotive Wheels Aftermarket market.
Undoubtedly, Growing Importance of Automotive Wheels Aftermarket
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Automotive Wheels Aftermarket market is expected to make a significant contribution, with an estimated market to reach USD10547.32 Million by 2028 growing at a CAGR of 4.9%.
AMA research has engaged in the competitive assessment of China & Global Automotive Wheels Aftermarket Vendors for 5 years. The Top 10 Competitive Vendors in the Automotive Wheels Aftermarket in 2022 clearly displays the competitive situations of main Automotive Wheels Aftermarket Vendorsin 2022. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list . Players like Enkei Corporation, Maxion Wheels, BORBET Gmbh, RONAL Group, CLN Group accumulates maximum market share showcasing strong market competitive advantage.
The Rim Size, such as 1315 inch, is boosting the Automotive Wheels Aftermarket market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Coating Type, such as Liquid Coating, is boosting the Automotive Wheels Aftermarket market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Distribution Channel, such as Wholesale & Distribution, is boosting the Automotive Wheels Aftermarket market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Material, such as Alloy, is boosting the Automotive Wheels Aftermarket market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Vendors such as BORBET (Germany), Enkei International (United States), Ronal Group (Switzerland), Alcoa Wheels (United States), CITIC Dicastal (China), Maxion Wheels (United States), Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd. (China) and Superior Industries (UNIWHEELS Group*) (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Automotive Wheels Aftermarket industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Vendors wants to expand into other areas of the market value chain fundamentally determines its strategy.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automotive Wheels Aftermarket market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Automotive Wheels Aftermarket market size is calculated using market estimation process, the Automotive Wheels Aftermarket market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Wheels Aftermarket market size has been validated using both top-down and bottom-up approaches.