Automotive Aluminum Wheel is made by the aluminum alloy. The aluminum wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.
In the next few years, Aluminum Wheel industry will maintain increasing at a relatively high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field.
The classification of Aluminum Wheel includes Casting, Forging and Other. The proportion of Casting in 2016 is about 84.29%. Cast wheels are cheaper than forged wheels, which are lighter and stronger.
Aluminum Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Aluminum Wheel is used in Passenger Vehicle, and the sales proportion in 2016 is about 95.80%.
China and Europe is the main consumption places, with a consumption market share nearly 26.85% and 25.74% in 2016. Other regions also enjoy the major market share in global region.
In the future, the aluminum wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weaken. The installed rate in the commercial vehicle will increase.
According to this study, over the next five years the Automotive Aluminum Wheel market will register a 1.6% CAGR in terms of revenue, the global market size will reach USD 14500 million by 2024, from USD 13200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Aluminum Wheel business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Aluminum Wheel market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Aluminum Wheel value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Cast Wheels
Forged Wheels
Others
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Borbet (Germany)
CITIC Dicastal (China)
Ronal Wheels (Switzerland)
Alcoa (US)
Superior Industries (US)
Iochpe-Maxion (Brazil)
Uniwheel Group (Germany)
Wanfeng Auto (China)
Lizhong Group (China)
Enkei Wheels (Japan)
Accuride (US)
YHI International Limited (Singapore)
Topy Group (Japan)
Kunshan Liufeng (China)
Zhejiang Jinfei (China)
Yueling Wheels (China)
Zhongnan Aluminum Wheels (China)
Anchi Aluminum Wheel (China)
Guangdong Dcenti Auto-Parts (China
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Aluminum Wheel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Aluminum Wheel market by identifying its various subsegments.
Focuses on the key global Automotive Aluminum Wheel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Aluminum Wheel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Aluminum Wheel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
