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Automotive Wheel Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2026

Author : Ronak Bora | Published Date : 2020-09-14 

The automotive wheel market is likely to gain substantial growth in the coming years owing to the increasing vehicle production, and the growing demand for lightweight materials. The fast growth of automotive sector across a plethora of industry verticals has benefitted the market as well as its growth.

The application of sensors, electronics, as well as advanced technology in the automotive industry on a large scale, has also led the evolution and growth of consumers demand, which keeps growing as the industry incorporates more technological advancements in its processes and products. The wheels on a truck, car, or bus, are mainly responsible for making sure that a stable grip is maintained on the road, and that the ride is safe and smooth.

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There are different types of material used in wheel, the aluminum-based wheels are built in with a mixture of aluminum and nickel. Most of the wheels presently are of cast aluminum alloy, which means the wheels are made by pouring in molten aluminum into a mold. Additionally, aluminum wheels are a perfect choice for a balance of cost, gas mileage, performance, and aesthetics. Aluminum wheels come in a wide assortment of finishes and sizes as well.

The automotive wheel market is bifurcated in terms of material, product, end-use, vehicle type, and regional landscape.

Based on material, the automotive wheel market is categorized into carbon fiber, magnesium, steel wheels, and aluminum. The steel wheels segment will witness around 5% CAGR over the study timeframe with its installation in heavy duty vehicles.

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These wheels are made with an alloy of carbon and iron. The steel-based wheels are durable and much easier to repair as well as refinish. These wheels are much easier to repair in comparison to alloy-based wheels, because steel can frequently be hammered back into its place when it is bent.

In terms of vehicle type, the overall automotive wheel market is classified into buses & coaches, heavy trucks, light commercial vehicles, passenger cars, and trailers. The buses & coaches segment will witness over 5.5% CAGR over the forecast time frame with increasing demand from fleet owners. The trailers segment will witness growth owing to the rising freight demand from emerging economies and rapid industrialization across the globe.

From a regional frame of reference, Latin America automotive wheel market will witness around 5% CAGR over the forecast timeframe owing to increasing demand of SUVs and light commercial vehicles. The Middle East & Africa region is at a nascent stage and will witness around 4.5% CAGR over the forecast period owing to an increasing demand for premium vehicles.

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Report Content

Chapter 1    Methodology & Scope

1.1. Market definitions

1.2. Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    APAC

1.2.4    LATAM

1.2.5    MEA

1.3. Forecast calculation

1.3.1    COVID-19 impact calculations on industry forecast

1.4. Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2    Executive Summary

2.1. Automotive wheel industry 3600 synopsis, 2016 - 2026

2.1.1    Business trends

2.1.2    Material trends

2.1.3    Product trends

2.1.4    End-use trends

2.1.5    Vehicle trends

2.1.6    Regional trends

Chapter 3    Automotive Wheel Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2016 - 2026

3.2.1    COVID-19 impact on industry landscape

3.3. Industry ecosystem analysis

3.3.1    Component suppliers

3.3.2    Manufacturers

3.3.3    Distribution chain analysis

3.3.3.1    Distributors

3.3.3.2    E-commerce

3.3.4    End users

3.3.4.1    OEM

3.3.4.2    Aftermarket

3.3.5    Profit margin analysis

3.3.6    Value chain disruptions due to COVID-19

3.3.7    Vendor matrix

3.4. Technology landscape

3.4.1    Casting technology

3.4.1.1    Low Pressure Die Casting (LPDC)

3.4.1.2    High Pressure Die Casting (HPDC)

3.4.1.3    Gravity casting

3.4.2    Flow forming technology

3.4.3    Forging technology

3.4.4    High Light Technology (HLT)

3.5. Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6. Industry best practices and key buying criteria

3.6.1    Need recognition

3.6.2    Information search

3.6.3    Evaluation of alternatives

3.6.4    Purchase decision

3.6.5    Post purchase behaviour

3.7. Global automotive production overview

3.7.1    Production data

3.7.2    Automotive production, by country (

3.7.2.1    Passenger cars

3.7.2.2    Commercial Vehicles

3.8. Differentiation in paint layering overview

3.9. Automotive wheel paint layering, by material

3.9.1    Aluminum

3.9.2    Steel

3.9.3    Magnesium

3.9.4    Carbon

3.10. Automotive wheel consumption scenario

3.10.1    Automotive wheels consumption scenario

3.10.2    Automotive wheels export requirements

3.11. Pricing analysis, 2019 (including COVID-19 impact)

3.11.1    Regional pricing

3.11.1.1    North America

3.11.1.2    Europe

3.11.1.3    Asia Pacific

3.11.1.4    Latin America

3.11.1.5    Middle East & Africa

3.11.2    Cost structure analysis, 2019

3.11.2.1    Raw material cost

3.11.2.2    Labor cost

3.11.2.3    Other raw material cost

3.11.2.4    Energy & Utilities cost

3.12. Industry impact forces

3.12.1    Growth drivers

3.12.1.1    North America

3.12.1.1.1    Stringent vehicle efficiency norms

3.12.1.2    Europe

3.12.1.2.1    Growing demand for small and mid-sized SUVs

3.12.1.3    Asia Pacific

3.12.1.3.1    Emergence of product manufacturers and development of lightweight wheels

3.12.1.4    Latin America

3.12.1.4.1    Increasing leasing and rental automotive services demand

3.12.1.5    Middle East & Africa

3.12.1.5.1    Increasing adoption of high-end and luxury vehicles

3.12.2    Industry pitfall and challenges

3.12.2.1    High initial factory set up and trade tariff costs

3.12.2.2    Temporary closure of manufacturing facilities due to COVID-19

3.13. Innovation & sustainability

3.13.1    MICHELIN ACORUS technology

3.13.2    One-piece, super light, hollow carbon fiber wheel technology

3.14. Growth potential analysis, 2019

3.15. Porter’s analysis

3.16. Competitive landscape, 2019

3.16.1    Global company market share analysis, 2019

3.16.2    Company performance analysis, 2019

3.17. Strategy dashboard

3.18. PESTLE analysis

3.19. COVID-19 impact on automotive industry

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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