Automotive Wheel Market By Rim Size (Above 21", 19"-21", 16"-18" and 13"-15"), Material (Carbon Fiber, Alloy, Steel and Other Materials) and Sales Channel (Aftermarket and OEM) - Global Industry Analysis And Forecast To 2025
The wheel is the circular block made of the durable and hard material at the middle of which is been drilled a round hole through that the bearing for axle is placed on the basis of which the wheel turns when the momentum is given by torque or gravity about the axis to the wheel. At the point when put vertically under the platform or case bearing load, the wheel turning on the level pivot makes it conceivable to transport substantial burdens; when put on a level plane, the wheel makes it conceivable to transport heavy material. The wheels made for automotive are manufactured utilizing various types of metal alloys or other materials that is efficient, strong & durable. Therefore, the Automotive Wheel Market is anticipated to expand and has tremendous scope during the forecast period. The global Automotive Wheel Market anticipated to flourish in the future by growing at a significantly higher CAGR.
On the basis of Type the market is segmented into Above 21", 19"-21", 16"-18" and 13"-15".
On the basis of Application the market is segmented into Carbon Fiber, Alloy, Steel and Other Materials. The alloy section is leading the market owing to improvement of the vehicle dynamics & the light weight associated with these alloys. While the Carbon Fiber section is showing the significant & rapid growth in the foreseen period.
On the basis of End User the market is segmented into Aftermarket and OEM. The OEM section is leading the market as the wheels get changed or replaced if any accidental damage occurs or by the person enthusiast for the vehicles.
The Asia Pacific region is leading the global Automotive Wheel Market owing to rising population and demand & adoption of passenger vehicles, rising demand for increasing performance of vehicles, increasing disposable income with the population, etc.
Automotive Wheel Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Superior Industries International
Steel Strips Wheels
Zhejiang Wanfeng Auto Wheel
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?