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Automotive Alloy Wheels Market

Automotive Alloy Wheels - Global Market Outlook (2019 -2027)

4.8 (18 reviews)
Published: October 2020 ID: SMRC19975
4.8 (18 reviews)
Published: October 2020 ID: SMRC19975

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive Alloy Wheels Market is accounted for $15.53 billion in 2019 and is expected to reach $28.75 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Growing demand for alloy wheels owing to their lightweight and corrosion-resistant properties are some of the major factors propelling the growth of the market. However, the volatility of raw material prices and unorganized aftermarket for wheels are hampering the growth of the market.

 

Automotive Alloy Wheels - Global Market Outlook  (2019 -2027)

 

Automotive alloy wheels are made of alloys of light metals such as aluminum, magnesium, or nickel. These wheels are lighter, stronger, give better vehicle ride quality, and improve the vehicle appearance, as compared to spoke wheels. Moreover, automotive alloy wheels enhance heat dissipation from brakes as these alloy wheels manufactured from aluminum and magnesium are good conductors of heat, which decreases the chances of vehicle brake failure under intense driving conditions.

Based on the vehicle type, the passenger vehicle segment is likely to have a huge demand due to rising customization and replacements post-crash. The lifespan of alloy wheels is similar to that of the vehicle itself; therefore, this segment accounted for a minor share of the global automotive wheels market. However, maintenance and repairs of vehicles involved in a crash attributed to the rise in market share. 

By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the rising population and changing living standards of people. Moreover, the easy availability of raw materials and supportive government regulations for industrialization is another factor expected to support revenue growth of Asia Pacific automotive alloy wheel market.

Some of the key players profiled in the Automotive Alloy Wheels Market include Arconic (ALCOA WHEELS), Borbet GmbH, CITIC Dicastal Wheel Manufacturing Co., Ltd, Enkei, Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd., FUTEX ALLOY (CHANGSHU) Co., Ltd, MAXION Wheels, Ronal Group (Ronal Wheels), Superior Industries International, UNIWHEELS Group, TSW Alloy Wheels, BBS GmbH, CMS Jant ve Makina San. AS, Howmet Aerospace Inc, and Iochpe-Maxion SA.

Wheel Sizes Covered:
• Compact Size
• Mid-Size
• Large Size

Vehicle Types Covered:
• Commercial Vehicles
• Two Wheelers
• Passenger Vehicle

Sales Channels Covered:
• After Market
• Original Equipment Manufacturer (OEM)

Finish Types Covered:
• Two-Toned Alloy Wheel
• Polished Alloy Wheel
• Painted Alloy Wheel
• Machined Alloy Wheel
• Chromed Alloy Wheel

Types Covered:
• Forging
• Casting

Diameter Types Covered:
• 26 Inch & Above
• 23 Inch- 25 Inch
• 20 Inch-22 Inch
• 17 Inch-19 Inch
• 14 Inch-16 Inch
• 11 Inch-13 Inch

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary            
              
2 Preface    
        
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Emerging Markets           
 3.7 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Automotive Alloy Wheels Market, By Wheel Size        
 5.1 Introduction           
 5.2 Compact Size           
 5.3 Mid-Size            
 5.4 Large Size           
              
6 Global Automotive Alloy Wheels Market, By Vehicle Type        
 6.1 Introduction           
 6.2 Commercial Vehicles          
  6.2.1 Light Commercial Vehicles (LVCs)        
  6.2.2 Heavy Commercial Vehicles (HVCs)        
 6.3 Two Wheelers           
 6.4 Passenger Vehicle           
  6.4.1 Compact           
  6.4.2 Executive          
  6.4.3 Luxury           
  6.4.4 Mid-size           
  6.4.5 Minicompact          
  6.4.6 MPV           
  6.4.7 Sports Car          
  6.4.8 Supermini          
  6.4.9 Sport Utility Vehicles (SUVs)         
              
7 Global Automotive Alloy Wheels Market, By Sales Channel        
 7.1 Introduction           
 7.2 After Market           
 7.3 Original Equipment Manufacturer (OEM)         
              
8 Global Automotive Alloy Wheels Market, By Finish Type        
 8.1 Introduction           
 8.2 Two-Toned Alloy Wheel          
 8.3 Polished Alloy Wheel          
 8.4 Painted Alloy Wheel          
 8.5 Machined Alloy Wheel          
 8.6 Chromed Alloy Wheel          
              
9 Global Automotive Alloy Wheels Market, By Type         
 9.1 Introduction           
 9.2 Forging            
 9.3 Casting            
              
10 Global Automotive Alloy Wheels Market, By Diameter Type        
 10.1 Introduction           
 10.2 26 Inch & Above           
 10.3 23 Inch- 25 Inch           
 10.4 20 Inch-22 Inch           
 10.5 17 Inch-19 Inch           
 10.6 14 Inch-16 Inch           
 10.7 11 Inch-13 Inch           
              
11 Global Automotive Alloy Wheels Market, By Geography        
 11.1 Introduction           
 11.2 North America           
  11.2.1 US           
  11.2.2 Canada           
  11.2.3 Mexico           
 11.3 Europe            
  11.3.1 Germany           
  11.3.2 UK           
  11.3.3 Italy           
  11.3.4 France           
  11.3.5 Spain           
  11.3.6 Rest of Europe          
 11.4 Asia Pacific           
  11.4.1 Japan           
  11.4.2 China           
  11.4.3 India           
  11.4.4 Australia           
  11.4.5 New Zealand          
  11.4.6 South Korea          
  11.4.7 Rest of Asia Pacific          
 11.5 South America           
  11.5.1 Argentina          
  11.5.2 Brazil           
  11.5.3 Chile           
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia          
  11.6.2 UAE           
  11.6.3 Qatar           
  11.6.4 South Africa          
  11.6.5 Rest of Middle East & Africa         
              
12 Key Developments            
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions           
 12.5 Other Key Strategies          
              
13 Company Profiling            
 13.1 Arconic (ALCOA WHEELS)          
 13.2 Borbet GmbH           
 13.3 CITIC Dicastal Wheel Manufacturing Co., Ltd        
 13.4 Enkei            
 13.5 Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd.       
 13.6 FUTEX ALLOY (CHANGSHU) Co., Ltd         
 13.7 MAXION Wheels           
 13.8 Ronal Group (Ronal Wheels)          
 13.9 Superior Industries International         
 13.10 UNIWHEELS Group           
 13.11 TSW Alloy Wheels           
 13.12 BBS GmbH           
 13.13 CMS Jant ve Makina San. AS          
 13.14 Howmet Aerospace Inc          
 13.15 Iochpe-Maxion SA           


List of Tables             
1 Global Automotive Alloy Wheels Market Outlook, By Region (2018-2027) ($MN)      
2 Global Automotive Alloy Wheels Market Outlook, By Wheel Size (2018-2027) ($MN)     
3 Global Automotive Alloy Wheels Market Outlook, By Compact Size (2018-2027) ($MN)     
4 Global Automotive Alloy Wheels Market Outlook, By Mid-Size (2018-2027) ($MN)      
5 Global Automotive Alloy Wheels Market Outlook, By Large Size (2018-2027) ($MN)      
6 Global Automotive Alloy Wheels Market Outlook, By Vehicle Type (2018-2027) ($MN)     
7 Global Automotive Alloy Wheels Market Outlook, By Commercial Vehicles (2018-2027) ($MN)    
8 Global Automotive Alloy Wheels Market Outlook, By Light Commercial Vehicles (LVCs) (2018-2027) ($MN)   
9 Global Automotive Alloy Wheels Market Outlook, By Heavy Commercial Vehicles (HVCs) (2018-2027) ($MN)   
10 Global Automotive Alloy Wheels Market Outlook, By Two Wheelers (2018-2027) ($MN)     
11 Global Automotive Alloy Wheels Market Outlook, By Passenger Vehicle (2018-2027) ($MN)     
12 Global Automotive Alloy Wheels Market Outlook, By Compact (2018-2027) ($MN)      
13 Global Automotive Alloy Wheels Market Outlook, By Executive (2018-2027) ($MN)      
14 Global Automotive Alloy Wheels Market Outlook, By Luxury (2018-2027) ($MN)      
15 Global Automotive Alloy Wheels Market Outlook, By Mid-size (2018-2027) ($MN)      
16 Global Automotive Alloy Wheels Market Outlook, By Minicompact (2018-2027) ($MN)     
17 Global Automotive Alloy Wheels Market Outlook, By MPV (2018-2027) ($MN)      
18 Global Automotive Alloy Wheels Market Outlook, By Sports Car (2018-2027) ($MN)      
19 Global Automotive Alloy Wheels Market Outlook, By Supermini (2018-2027) ($MN)      
20 Global Automotive Alloy Wheels Market Outlook, By Sport Utility Vehicles (SUVs) (2018-2027) ($MN)    
21 Global Automotive Alloy Wheels Market Outlook, By Sales Channel (2018-2027) ($MN)     
22 Global Automotive Alloy Wheels Market Outlook, By After Market (2018-2027) ($MN)     
23 Global Automotive Alloy Wheels Market Outlook, By Original Equipment Manufacturer (OEM) (2018-2027) ($MN)   
24 Global Automotive Alloy Wheels Market Outlook, By Finish Type (2018-2027) ($MN)     
25 Global Automotive Alloy Wheels Market Outlook, By Two-Toned Alloy Wheel (2018-2027) ($MN)    
26 Global Automotive Alloy Wheels Market Outlook, By Polished Alloy Wheel (2018-2027) ($MN)    
27 Global Automotive Alloy Wheels Market Outlook, By Painted Alloy Wheel (2018-2027) ($MN)     
28 Global Automotive Alloy Wheels Market Outlook, By Machined Alloy Wheel (2018-2027) ($MN)    
29 Global Automotive Alloy Wheels Market Outlook, By Chromed Alloy Wheel (2018-2027) ($MN)    
30 Global Automotive Alloy Wheels Market Outlook, By Type (2018-2027) ($MN)      
31 Global Automotive Alloy Wheels Market Outlook, By Forging (2018-2027) ($MN)      
32 Global Automotive Alloy Wheels Market Outlook, By Casting (2018-2027) ($MN)      
33 Global Automotive Alloy Wheels Market Outlook, By Diameter Type (2018-2027) ($MN)     
34 Global Automotive Alloy Wheels Market Outlook, By 26 Inch & Above (2018-2027) ($MN)     
35 Global Automotive Alloy Wheels Market Outlook, By 23 Inch- 25 Inch (2018-2027) ($MN)     
36 Global Automotive Alloy Wheels Market Outlook, By 20 Inch-22 Inch (2018-2027) ($MN)     
37 Global Automotive Alloy Wheels Market Outlook, By 17 Inch-19 Inch (2018-2027) ($MN)     
38 Global Automotive Alloy Wheels Market Outlook, By 14 Inch-16 Inch (2018-2027) ($MN)     
39 Global Automotive Alloy Wheels Market Outlook, By 11 Inch-13 Inch (2018-2027) ($MN)     
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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