Automotive Wheel Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Automotive Wheel Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Automotive Wheel market by thorough analysis, and projections are made up to 2030.

Automotive Wheel Market was valued at US$ 42.31 Bn. in 2023 and the total Automotive Wheel revenue is expected to grow at 5.9% from 2024 to 2030, reaching nearly US$ 63.21 Bn.

Get your sample copy today:  https://www.maximizemarketresearch.com/request-sample/11013/ 

Automotive Wheel Market Dynamics:

While 18- and 19-inch wheels are more popular in the US market, 16- and 17-inch wheels are standard on top-selling passenger cars in Europe. Given the current low level of competition, the ongoing premiumization trend in India will provide a strong boost to alloy wheel firms as well as a substantial potential for foreign producers. The F-150 has up to five alloy wheel options, ranging in size from 17 to 22 inches, and has been the best-selling car in the US for 44 years running. Other OEMs like silver-painted aluminium wheels, and machined aluminium wheels are becoming more and more in demand. Owing to the popularity of sedans in China, the top ten best-selling cars are more likely to have 14–16-inch silver painted alloy wheels.

Because there are a lot of kei vehicles in Japan, almost 90% of the best-selling cars have 14–16 inch wheels. 17-inch wheels are standard on MPVs and SUVs like the Subaru Forester and Toyota Vellfire. In response to the growing usage of onboard telematics by fleets, wheel manufacturers are developing solutions that interface with tires and vehicle systems.

Access your sample copy now:  https://www.maximizemarketresearch.com/request-sample/11013/ 

Automotive Wheel Market Segmentation:

by Rim Size
13"-15"
16"-18"
19"-21"
Above 21"

by Material
Alloy
Steel
Aluminum
Carbon Fiber
Other

According to Material, throughout the projection period, the alloy segment is anticipated to rise at a CAGR of 4.8%. Alloy wheels are sometimes purchased for aesthetic reasons (visible repairs), despite the fact that the poorer alloys are usually not resistant to corrosion. Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys. The wheels in use may rust after three to five years even if they are adequately covered, although refurbishing is now commonly accessible at a cost. If appropriate safety procedures are not taken, alloy wheels' propensity for galvanic corrosion may result in tyre air leakage. Additionally, alloy wheels are more difficult to repair when bent than steel wheels, but overall, repairs are less expensive than replacements due to their higher price.

by Vehicle Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

by End-User
Original Equipment Manufacturer (OEM)
Aftermarket

Automotive Wheel Market Regional Insights:

Regional insights play a vital role in understanding the nuanced dynamics of the Automotive Wheel market. The Automotive Wheel market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive examination of factors, market size, growth rate, and import and export activities within each region. The Regional Analysis section presents the current status of the Automotive Wheel market in the countries covered in the report.

Reach out to us at your convenience: https://www.maximizemarketresearch.com/request-sample/11013/ 

Automotive Wheel Market Key Players:

1. MAXION Wheels (Germany)
2. Borbet GmbH (Germany)
3. Uniwheels (Germany)
4. BBS Kraftfahrzeugtechnik AG. (Germany)
5. Thyssenkrupp AG (Germany)
6. CITIC Dicastal Co., Ltd. (China)
7. Zhejiang Wanfeng Auto Wheel (China)
8. LIZHONG WHEEL GROUP (China)
9. Superior Industries International (US)
10. Accuride Corporation (US)

Key questions answered in the Automotive Wheel Market are:

• What is Automotive Wheel ?
• What was the Automotive Wheel market size in 2023?
• Who are the leading companies and what are their portfolios in Automotive Wheel Market?
• What growth strategies are the players considering to increase their presence in Automotive Wheel ?
• What are the upcoming industry applications and trends for the Automotive Wheel Market?
• Which are the factors expected to drive the Automotive Wheel market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Wheel Market?
• What are the different segments of the Automotive Wheel Market?
• What will be the CAGR at which the Automotive Wheel market will grow?
• What is the growth rate of the Automotive Wheel Market?
• What segments are covered in the Automotive Wheel Market?
• What are the key challenges and opportunities in the Automotive Wheel market?
• Which application holds the highest potential in the Automotive Wheel market?
• Who are the key players in the Automotive Wheel market?

Feel free to get in touch: https://www.maximizemarketresearch.com/market-report/automotive-wheel-market/11013/  

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region 
• Market Size, Share, Size & Forecast by different segment 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 96073656 

Related Reports:

Global Silicon Fertilizer Market https://www.maximizemarketresearch.com/market-report/global-silicon-fertilizer-market/21324/ 

Global Automotive Acoustic Materials Market https://www.maximizemarketresearch.com/market-report/automotive-acoustic-materials-market/2584/