What is Trailer Wheel Rims?
Wheel rim is an attached part of an automobile that is mounted on the axle hub of a vehicle. The main functions of wheel rim is to rotate over the axle of an automobile so as to use power from engine to propel automobile, it provides support for braking system over its body, dissipate heat generated in the body of wheel rim to surrounding environment, support whole body weight as well as withstand against bearing load due to pot holes and road irregularities with constant load of rider body as well as constant tire pressure. The rims are typically made from steel or aluminum and range in size and shape.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | TSW Alloy Wheel (United States), BORBET GmbH (Germany), Enkei International, Inc. (United States), Ronal Group (Switzerland), Alcoa Wheels (United States), CITIC Dicastal (China), Voxx Wheels (United States), Maxion Wheels (United States), UNIWHEELS Group (Switzerland), MHT Luxury Wheels (United States), Hitachi Metals Ltd. (Japan), JBH Wheels (South Africa) and Treadway (New Zealand) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Commercial Vehicles and Light Commercial Vehicles) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Trailer Wheel Rims market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Trailer Wheel Rims market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are TSW Alloy Wheel (United States), BORBET GmbH (Germany), Enkei International, Inc. (United States), Ronal Group (Switzerland), Alcoa Wheels (United States), CITIC Dicastal (China), Voxx Wheels (United States), Maxion Wheels (United States), UNIWHEELS Group (Switzerland), MHT Luxury Wheels (United States), Hitachi Metals Ltd. (Japan), JBH Wheels (South Africa) and Treadway (New Zealand).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Trend
Increasing Fleet Size of Commercial Vehicles and Rising Demand for Passenger Vehicles
Restraints
- The Maintenance Cost of Trailer Wheel Rim is high
Opportunities
Growing the Automotive Industry Is Driving the Growth of Automotive Trailers
Key highlights of the Global Trailer Wheel Rims market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Trailer Wheel Rims market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Trailer Wheel Rims market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Trailer Wheel Rims Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Trailer Wheel Rims market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Trailer Wheel Rims market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Trailer Wheel Rim, Suppliers of Trailer Wheel Rim, Wholesalers, Distributors and Retailers of Trailer Wheel Rim, Automotive Industry and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.