Lighter Automobile Alloy Wheels: Evolving vehicle's performance

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Report Code AM1008
Lighter Automobile Alloy Wheels Evolving
vehicle's performance
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Lighter Automobile Alloy Wheels Evolving
vehicle's performance
Global Automobile Alloy Wheels Market
Outlook Automobiles plays an important role in
our day to day life, primarily being a functional
tool people still takes pride in choosing  alloy
wheel over steel wheels as they have improve
appearance as well as the performance. Automobile
manufacturers also focus on providing their
vehicles with alloy wheels as they are preferred
by the customers owing to their looks and
performance. Automobile alloy wheels market
players continuously focusing on providing cut
edge technology with performance driven products.
Alloy wheels also increases the acceleration and
breaking performance and also improve fuel
economy as they are light weight and provide
better heat conduction. Alloy wheels are
generally used in passengers cars as the low
commercial vehicle (LCVs) and high commercial
vehicle (HCVs) majorly uses steel rims because
they can bear heavy loads and have low
maintenance cost. Growing automobile industry and
rising trend of customization of vehicles majorly
driven the growth of automobile alloy wheels
market. Major alloy wheel manufacturers are
adopting various business strategies such as
merger acquisitions to sustain the huge market
competition in automotive sector. For instance,
Superior Industries International Inc., the
largest manufacturer of forged and cast wheels
announced the acquisition of Germany based
UNIWHEELS AG in March 2017. Send us Sample
Request _at_ https//www.goldsteinresearch.com/reques
t-sample/automobile-alloy-wheels-market-outlook-20
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orecast-2016-2024
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Lighter Automobile Alloy Wheels Evolving
vehicle's performance

• Market Segmentation
• By Vehicle Type
• Passenger vehicles
• Four wheelers
• Two wheelers
• Commercial Vehicles
• LCV (Light Commercial Vehicles)
• HCV (Heavy Commercial Vehicles)
• By Material Type
• Aluminum
• Magnesium
• Carbon Fiber
• By End Users
•  OEMs (Original Equipment Manufacturer)
• Aftermarket

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Lighter Automobile Alloy Wheels Evolving
vehicle's performance

• Based on Geography
• North America (U.S. Canada) Market Size (USD
  Billion), Growth Analysis () and Production (In
  tons)
•  Latin America (Brazil, Mexico, Argentina Rest
  of Latin America) Market Size (USD Billion),
  Growth Analysis () and Production (In tons)
• Europe (The U.K., Germany, France, Italy, Spain,
  Poland, Sweden RoE) Market Size (USD Billion),
  Growth Analysis () and Production (In tons)
• Asia-Pacific (China, India, Japan, Singapore,
  South Korea, Australia, New Zealand, Rest of
  Asia) Market Size (USD Billion), Growth Analysis
  () and Production (In tons)
• Middle East Africa (GCC, South Africa, North
  Africa, RoMEA) Market Size (USD Billion), Growth
  Analysis () and Production (In tons)
•  Rest of World Market Size (USD Billion), Growth
  Analysis () and Production (In tons)
• Request for TOC _at_ https//www.goldsteinresearch.co
  m/toc-request/automobile-alloy-wheels-market-outlo
  ok-2024-global-opportunity-and-demand-analysis-mar
  ket-forecast-2016-2024

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Lighter Automobile Alloy Wheels Evolving
vehicle's performance
Market Size and Forecast (2016-2024) Global
automobile alloy wheels market accounted for USD
16.7 billion in 2016 and the market is expected
to reach USD 24.8 billion by the end of 2024.
Further, the market is anticipated to expand at a
compound annual growth rate of 5.8 over the
forecast period i.e. 2016-2024. Geographically,
North America accounted for the highest revenue
share in global automobile alloy wheels market in
2016 with more than USD 4.5 billion revenue
share. North America's aftermarket consist of
significant share in alloy wheel market with more
than 75 customers are car dealerships, 20 are
auto body shops and 5 are tire dealers in
aftermarket. North America is closely followed by
the Europe with more than 22 share in global
automobile alloy wheels market. Germany is the
largest market for automobile alloy wheels with
maximum consumption in German auto plants which
are scattered throughout the country. German
hosts largest concentration of the 47 OEM plants
throughout Europe. Asia-Pacific region will show
strong growth in automobile alloy wheels demand
through 2024, which is projected to expand at a
CAGR of 6.3 over the forecast period. Sales in
the region will be driven by the growing
automotive sector and rapid urbanization in
developing countries such China and India.
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Lighter Automobile Alloy Wheels Evolving
vehicle's performance
The global automobile alloy wheels market is
segmented based on vehicles, by material and by
end users. End users segment is further
bifurcated into OEMs and aftermarket. In 2016,
OEMs accounted for the highest share of
automotive alloy wheels market with more than 80
revenue share in total market. Aftermarket sales
are significantly growing owing to growing trend
of vehicle customization. Aftermarket sales are
majorly occupied by the car dealerships followed
by the auto body shops. Global automobile
market is directly driven by the growing sales of
automobiles across the globe and the automobile
alloy wheels market accounted for USD 16.7
billion in 2016. Further the market is expected
to expand at a CAGR of 5.8 over the forecast
period i.e. 2016-2024. Asia-Pacific is the
fastest growing region for automobile alloy
wheels market in 2016 and is expected to dominate
the market during the forecast period of
2016-2024. Asia-Pacific automobile alloy wheels
market valued USD 3.5 billion in 2016 and is
estimated to reach USD 5.2 billion by 2024. China
is expected to dominate the automobile alloy
wheels market followed by India due to large
automobile production in these countries. Rising
personal disposable income and readiness to spend
on customization of vehicles is accelerating the
Asia Pacific aftermarket sales of alloy
wheels.
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Lighter Automobile Alloy Wheels Evolving
vehicle's performance

• Scope Background
•  Market Synopsis
•  
• Market Segmentation
•  
• Global automobile alloy wheels market
  segmentation as follows
• By Vehicle Type (Market Size, Demand Analysis and
  Growth Analysis)
• By Material Type (Market Size, Demand Analysis
  and Growth Analysis)
• By  End Users Type (Market Size, Demand Analysis
  and Growth Analysis)
• By Country
• North America (U.S., Canada) Market Size, Growth
  Analysis and Opportunity Analysis
• Latin America (Argentina, Mexico, Brazil and Rest
  of Latin America) Market Size, Growth Analysis
  and Opportunity Analysis
• Europe (Germany, Italy, Spain, France, The U.K.,
  Netherlands, Sweden, Hungary, Russia, Poland,
  Rest of Europe) Market Size, Growth Analysis and
  Opportunity Analysis
• Asia-Pacific (China, India, Singapore, Japan,
  Hong-Kong, Australia, New Zealand, South Korea
  and Rest of Asia Pacific) Market Size, Growth
  Analysis and Opportunity Analysis
• Middle East and North Africa (MENA) Market Size,
  Growth Analysis and Opportunity Analysis
• Rest of World  Market Size, Growth Analysis and
  Opportunity Analysis

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Lighter Automobile Alloy Wheels Evolving
vehicle's performance

• Market Dynamics Growth Drivers, Restraints and
  Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
• Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
• Porters Five Force Model
• Market Landscape Competition and Beyond
• Market outlook for business players and entry
  level players to ascertain their business in
  dynamic ecosystem
• Expert Analysis
• Concluding Remarks

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Lighter Automobile Alloy Wheels Evolving
vehicle's performance
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Lighter Automobile Alloy Wheels Evolving
vehicle's performance
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Lighter Automobile Alloy Wheels Evolving
vehicle's performance
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