Global Automotive Alloy Wheel Market Research Report 2022
Most of automotive alloy wheel is made by aluminum alloy. The Automotive alloy 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.
Market Analysis and Insights: Global Automotive Alloy Wheel Market
Due to the COVID-19 pandemic, the global Automotive Alloy Wheel market size is estimated to be worth US$ 11800 million in 2022 and is forecast to a readjusted size of US$ 14170 million by 2028 with a CAGR of 3.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Casting accounting for % of the Automotive Alloy Wheel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.
The classification of Automotive Alloy Wheel includes Casting, Forging and Other. The proportion of Casting in 2019 is about 88.7%.
Automotive Alloy Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Automotive Alloy Wheel is used in Passenger Vehicle, and the sales proportion in 2019 is about 94.3%
Asia-Pacific is the largest consumption place, with a consumption market share nearly 54.07% in 2019. Following Asia-Pacific, Europe is the second largest consumption place with the consumption market share of 23.56%.
Market competition is intense. CITIC Dicastal, Ronal Wheels, Superior Industries, Borbet, Iochpe-Maxion, Howmet Aerospace, etc. are the leaders of the industry.
Global Automotive Alloy Wheel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Automotive Alloy Wheel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Casting
Forging
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
CITIC Dicastal
Borbet
Ronal Wheels
Howmet Aerospace
Superior Industries
Iochpe-Maxion
Wanfeng Auto
Lizhong Group
Enkei Wheels
Zhejiang Jinfei
Accuride
Topy Group
Zhongnan Alloy wheels
YHI International Limited
Yueling Wheels
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Automotive Alloy Wheel Market
Due to the COVID-19 pandemic, the global Automotive Alloy Wheel market size is estimated to be worth US$ 11800 million in 2022 and is forecast to a readjusted size of US$ 14170 million by 2028 with a CAGR of 3.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Casting accounting for % of the Automotive Alloy Wheel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.
The classification of Automotive Alloy Wheel includes Casting, Forging and Other. The proportion of Casting in 2019 is about 88.7%.
Automotive Alloy Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Automotive Alloy Wheel is used in Passenger Vehicle, and the sales proportion in 2019 is about 94.3%
Asia-Pacific is the largest consumption place, with a consumption market share nearly 54.07% in 2019. Following Asia-Pacific, Europe is the second largest consumption place with the consumption market share of 23.56%.
Market competition is intense. CITIC Dicastal, Ronal Wheels, Superior Industries, Borbet, Iochpe-Maxion, Howmet Aerospace, etc. are the leaders of the industry.
Global Automotive Alloy Wheel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Automotive Alloy Wheel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Casting
Forging
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
CITIC Dicastal
Borbet
Ronal Wheels
Howmet Aerospace
Superior Industries
Iochpe-Maxion
Wanfeng Auto
Lizhong Group
Enkei Wheels
Zhejiang Jinfei
Accuride
Topy Group
Zhongnan Alloy wheels
YHI International Limited
Yueling Wheels
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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