What is Alloy Wheels Market Scope?
Alloy wheels are wheels that are made from an alloy of aluminum or magnesium. Alloy wheels market is expected growth in the future due to growth in the automotive industry in emerging countries and increasing investment in the wheel's designs. Also, technological advancement and product innovations in material and design of wheels boosting the demand of the alloy wheels.
Influencing Trend:
Technological Advancement and Product Innovations in Material and Design of Wheels
Market Growth Drivers:
Increase in Vehicle Production in both Developed and Developing Countries and Rising Demand for Lightweight Vehicles
Challenges:
High Maintenance Cost
Restraints:
Fluctuation in the Price of Raw Material and Lack of Standardization in the Manufacturing Processes of Automotive Wheel
Opportunities:
Growth in the Automotive Sector in Emerging Countries and Surging Investment on Wheel Design for Better Aerodynamics
The Alloy Wheels market study is being classified by Type (Casting, Forging and Other), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Alloy Wheels market throughout the predicted period.
Borbet GmbH (Germany), Enkei Wheels (United States), Superior Industries, Inc.(United States), Alcoa Corporation (United States), Iochpe-Maxion S.A (Brazil), Accuride Corporation (United States), Arconic (United States), Steel Strips Wheels (India) and CLN Group (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Topy Industries Limited (Japan) and Accuride Corporation (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Alloy Wheels market by Type, Application and Region.
On the basis of geography, the market of Alloy Wheels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In November 2022, M2 Capital Partners Limited, an Anglo-Canadian private equity/investment firm, announced that it would initiate a tender offer for 100% of the outstanding shares of Superior Industries International, Inc.
In February 2020, in Evansville, IN Accuride Corporation is a leading parts supplier to the global commercial vehicle industry for the Accu-Lite family of lightweight aluminum wheels and the new 38 pound 10 handhole wheels. Accuride's unique design and manufacturing process, combined with the superior performance of Quantum 99 aluminum alloy, allows Accuride to specifically control the grain structure to make the wheel stronger and maintain wheel life while lightening the wheel for improved fuel economy. do.
Key Target Audience
Alloy Wheels Manufacturers, Alloy Wheels Suppliers/Distributors, Raw Material Suppliers and Potential Investors
Alloy Wheels Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Alloy Wheels Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Alloy Wheels industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.