Market Overview:
A wheel is the main component while designing a vehicle. A wheel is a component having a circular shape and which rotates on the axle bearing. Wheels, when combined with the axles, allow ease of transportation of heavy objects assisting in transportation and also supporting the load in machines. Wheel spacers are also one of the important parts of automobiles. These offer options for automobiles to widen their wheelbase. By using the wheel spacers the cars can change the clearance and can look more aggressive having a sportier look. Apart from a changed look of the cars, the handling of the car in curves also becomes easy due to the increased distance between the tires because of mounting wheel spacers in the cars. In some cases, it is seen that the installation of wheel spacers can affect other components too resulting in fast wear of components.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Supreme Suspensions (United States), Spidertrax (United States), Toyota (Japan), Venum Wheel Accessories (United States), Titan Wheel Accessories (United States), ECCPP (United States), Demon Tweeks (United Kingdom), White Knight Wheel Accessories (United States), Rugged Ridge (United States), Bloxsport (China), Rough Country Suspension Systems (United States) and KW automotive GmbH (ST Suspensions) (Germany) |
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 |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Wheel Spacer Market Study:
Supreme Suspensions (United States), Spidertrax (United States), Toyota (Japan), Venum Wheel Accessories (United States), Titan Wheel Accessories (United States), ECCPP (United States), Demon Tweeks (United Kingdom), White Knight Wheel Accessories (United States), Rugged Ridge (United States), Bloxsport (China), Rough Country Suspension Systems (United States) and KW automotive GmbH (ST Suspensions) (Germany)
Wheel Spacer Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Commercial Car Tires, Luxury Car Tires, Bus and Truck Tires and Others |
Type | Slip-On and Bolt-On |
Size | 3 mm – 5 mm,10 mm – 15 mm,15 mm – 20 mm,20 mm and Above,Others |
Distribution Channels | Online,Specialty Stores,Garages |
Material | Steel,Aluminum Alloys |
Mounting Type | Hub Centric,Lug Centric |
Manufacturing Method | Casting,Forging |
Bolt Pattern | 4 Lugs,5 Lugs,6 Lugs,8 Lugs |
Influencing Trend:
Growing Trend of having better appearance, clearance, correction and improved handling
Market Growth Drivers:
With The Growing Urban Population, There Is an Increase in the Demand for Vehicles and The Rising Demand for Better Aesthetic Along With Improved Stability Is Increasing the Market for Wheel Spacer
Challenges:
Fluctuation in the Prices of the Raw Materials and High Competition among the Competitors
Restraints:
Unavailability of the Raw Materials Used for Making These Wheel Spacers and Lack of Professionals for Fitting these Wheel Spacers
Opportunities:
Increase in the Automotive Sector in Developing Countries, Growth in New Technological Advancements and Integration in the Automotive Industry and Increasing Research and Development Activities by the Wheel Spacer Manufactures Has Been Proving To Be Essential In the Growth of the Market in Near Future
Some of the other players that are also part of study are Professional Custom Design (United Kingdom) and US Wheel Adapters (United States). The Global Wheel Spacer market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In Wheel Spacer industry, growing popularity of aftermarket modifications contributing to the growth of the wheel spacer market. Many car enthusiasts are willing to invest in aftermarket parts and accessories to enhance the performance and appearance of their vehicles.
Toyota and Suzuki to Increase Collaboration in India's Production and Development Sectors
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wheel Spacer 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 into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Wheel Spacer market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the 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 Wheel Spacer, Suppliers of Wheel Spacer, Wholesalers and Distributors of Wheel Spacer, 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.