Automotive Wheel Market (1)

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Automotive Wheel Market, by Rim Size
(13-15,16-18,19-21,gt21 inch), Material (Steel,
Alloy, Carbon Fiber), Off-highway (Construction
Mining, Agriculture Tractors) Vehicle type,
Vehicle class, End-Use, and Region - Global
Forecast to 2025 MarketsandMarkets The
automotive wheel market is projected to grow at a
CAGR of 5.52 during the forecast period, from
USD 32.87 billion in 2017 to USD 50.54 billion by
2025. The growing vehicle production and the
rising demand for improved vehicle dynamics are
expected to drive the automotive wheel
market. Browse through more than 93 market data
tables and 51 figures spread through 152 Pages
and in-depth TOC on automotive wheel market
Global Forecast to 2025 Early buyers will receive
10 customization on reports. https//www.markets
andmarkets.com/requestCustomizationNew.asp?id2548
35180 The alloy wheel segment is estimated to be
the largest segment in the Automotive Wheel
Market The alloy wheel is estimated to be the
largest segment of the automotive wheel market
during the forecast period. The rise in demand
for reducing vehicle weight and improved vehicle
dynamics for complying with stringent emission
norms has fueled the demand for the alloy wheel
segment. OE segment is estimated to be the
largest and fastest growing segment in the
Automotive Wheel Market The OE segment is
estimated to be the largest and fastest growing
market during the forecast period. Wheels are
designed to last long with the vehicle life and
are replaced or changed in case of accidental
damage or by an enthusiast. So, the demand for
the wheel is low in the aftermarket as compared
to the OE market. The luxury priced vehicle
segment is estimated to be the largest and
fastest growing segment of automotive wheel
market in terms of value
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The automotive wheel market for luxury priced
vehicle is estimated to grow at the highest rate
during the forecast period. Luxury-priced
vehicles include premium sports vehicle variants,
which use high- performance wheels. These
vehicles are performance-oriented, and wheels
play a vital role in improving the vehicle
dynamics. Due to increasing competition in the
automotive industry, luxury and premium car
manufacturers have increased their focus on
high-performance vehicles. These companies along
with wheels manufacturers are investing heavily
in RD to develop lightweight and high-strength
wheels, which will help boost the car
performance. Asia Pacific Largest regional
market for Automotive wheels Asia Pacific is
estimated to be the largest market for automotive
wheels. The Asia Pacific region accounts for
about 49 of the global automobile production.
The region comprises emerging economies such as
China and India along with developed nations such
as Japan and South Korea. The increase in sales
of vehicles can be attributed to various factors
such as increasing per capita income, increased
infrastructure spending, attractive FDI from
governments, economic production cost, lenient
environment regulations, and so on. Additionally,
the number of vehicles on the road is increasing
owing to the improving road infrastructure and
increase in disposable income. The report covers
all the major players in the automotive wheel
market, including Iochpe-Maxion (Brazil),
Superior Industries International (US), Accuride
Corporation (US), Steel Strips Wheels (India),
Hitachi Metals (Japan), Enkei (Japan), Citic
Dicastal (China), Zhejiang Wanfeng Auto Wheel
(China), Borbet (Germany), Mangels Industrial
(Brazil), and Mefro Wheels (Germany). Download
PDF https//www.marketsandmarkets.com/pdfdownload
New.asp?id254835180 Study Coverage The report
covers the automotive wheel market, in terms of
volume (million units) and value (USD million).
It explains the qualitative and quantitative
aspects of the automotive wheel market, which is
segmented by material (steel, alloy, and carbon
fiber and others), vehicle type (passenger, light
commercial, and heavy commercial vehicles),
vehicle class (economy, mid-priced, and
luxury-priced), rim size (13"-15", 16"-18",
19"-21", above 21"), end-use (OE and
aftermarket), off-highway (construction mining
and agriculture tractors) and region. About
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