In the world economic growth, the Automotive Aluminum Alloy Wheels industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Aluminum Alloy Wheels market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Automotive Aluminum Alloy Wheels market size will be further expanded, we expect that by 2024, The market size of the Automotive Aluminum Alloy Wheels will reach XXX million $.
Overview
Automotive aluminum alloy wheels are made from high-grade, precision-manufactured alloy featuring patented heat-treating methods and advanced manufacturing techniques. Automotive aluminum alloy wheels are available in multiple wheel designs according to consumer requirements. Consumers can choose from many categories, including performance, economy, standard, dual-zone, and high end. The global automotive aluminum alloy wheels market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global automotive aluminum alloy wheels market is expected to witness significant growth during the forecast period, owing to the increasing demand for vehicles fitted with wheels made from heavy metal in cold countries.
Market Drivers
Increasing demand for lightweight and corrosion-resistant alloy wheels is expected to drive growth of the global automotive aluminum alloy wheels market during the forecast period. With changing weather conditions, the demand for corrosion-resistant and lightweight wheels has increased. For instance, in February 2020, Arconic Wheel & Transportation Products launched Alcoa Ultra One heavy-duty truck wheel. Thus, these factors are expected to drive growth of the global automotive aluminum alloy wheels market during the forecast period. Furthermore, increasing demand for vehicles fitted with wheels made from heavy metal in cold countries is expected to propel the global automotive aluminum alloy wheels market growth over the forecast period.
Market Restraints
The volatility of raw material prices is expected to hamper the global automotive aluminum alloy wheels market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global automotive aluminum alloy wheels market during the forecast period. This is owing to growing production and sales of passenger cars and commercial vehicles in Japan, China, Indonesia, and Thailand. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to increased preference for car customization and increasing use of alloy wheels in vans.
Competitive Section
Major companies involved in the global automotive aluminum alloy wheels market are Zhongnan Aluminum Wheels, Ronal Wheels, Guangdong Dcenti Auto-Parts, Uniwheel Group, Enkei Wheels, Topy Group, Borbet, Superior Industries, Uniwheel Group, and Yueling Wheels.
For instance, in February 2021, Vedanta Limited launched a new aluminum cylinder head alloy for the automotive industry.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Zhongnan Aluminum Wheels
YHI
Yueling Wheels
Guangdong Dcenti Auto-Parts
Zhejiang Jinfei
Wanfeng Auto
Lizhong Group
CITIC Dicastal
Borbet
Ronal Wheels
Alcoa
Superior Industries
Iochpe-Maxion
Uniwheel Group
Enkei Wheels
Accuride
Topy Group
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Casting
Forging
Industry Segmentation
Passenger Vehicle
Commercial Vehicle
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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