Research Report about Automotive Metal Wheel Market Industries Including business trends, share, CAGR Growth and Global Market Review from 2017 to 2022: Key Player are Iochpe-Maxion S.A., CITIC Limited, BORBET GmbH, Superior Industries International Inc.

Increasing demand for vehicles equipped with heavy wheels in cold countries has led to an upsurge in demand for metal wheels in the automotive sector. However, metal wheels are subject to rust and corrosion due to changing weather and need to be replaced before deterioration. Such factors are likely to impact growth of the global market of automotive metal wheel negatively. According to a recently published report by Fact.MR, the global automotive metal wheel market is projected to reflect a sluggish CAGR over the projected period, 2017 – 2022.

The global automotive metal wheel market is expected to reflect a sluggish CAGR growth attributed to availability of light weight wheels. However, lower prices and heavy weight of the wheels has boosted demand for automotive metal wheels in cold countries. Due to its dampened speed and acceleration, manufacturers in cold regions prefer heavy metal wheels for production of vehicles as it is easier to drive in the snow. Steel wheel is expected to register the highest growth in the global market, followed by the aluminum alloy material. In terms of revenue, the aftermarket sales channel is predicted to reflect the highest growth in the global market by 2022 – end. Manufacturers are expected to register a considerable demand for casting technology for production of automotive products.

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The global automotive metal wheel market is expected to reflect a sluggish CAGR growth attributed to availability of light weight wheels. However, lower prices and heavy weight of the wheels has boosted demand for automotive metal wheels in cold countries. Due to its dampened speed and acceleration, manufacturers in cold regions prefer heavy metal wheels for production of vehicles as it is easier to drive in the snow. Steel wheel is expected to register the highest growth in the global market, followed by the aluminum alloy material. In terms of revenue, the aftermarket sales channel is predicted to reflect the highest growth in the global market by 2022 – end. Manufacturers are expected to register a considerable demand for casting technology for production of automotive products.

Automotive metal wheels are used in vehicles to enable faster commutation to distant destinations on ground. Heavy weight wheels witness considerable demand among the manufacturers in cold environments as light weight vehicles are comparatively faster and could skid in the snow. Metal wheels witness steady demand among automotive manufacturers as they are prone to corrosion and rust.

Automotive manufacturers prefer using alloy wheels as compared to the metal wheels attributed to features such as heavy weight that could hamper performance of the vehicle. Grip in brakes are lower in the vehicles equipped with metal wheels as compared to the vehicles equipped with alloy wheels. Bound to such factors, the manufacturers prefer other materials such as alloy and aluminum for production of automotive wheels.

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Steel wheel is expected to register a relatively high revenue growth in the global automotive wheel market by the end of 2022. This segment is predicted to represent nearly US$ 11,000 Mn in terms of revenue during the predicted period. APEJ is expected to remain the largest market for metal wheel materials globally. Steel wheel is predicted to register the highest CAGR growth among other materials in the global market, followed by aluminum alloy wheel. In terms of revenue, aluminum alloy wheels is expected to reflect the second highest growth in the global automotive metal wheel market by 2022 – end.

Aftermarket is predicted to register the highest CAGR in the global automotive metal wheels through 2022. In terms of revenue, this segment is expected to reflect the highest growth, and is predicted to represent over US$ 18,000 Mn in 2017. OEM is expected to register the second highest revenue growth in the global automotive metal wheel market.

Throughout 2022, luxury passenger car is expected to register the highest CAGR growth in the global automotive metal wheel market, followed by heavy commercial vehicles. Compact passenger car is predicted to reflect the highest revenue growth, and is predicted to represent over US$ 8,500 Mn by the end of 2022. In terms of revenue, mid-sized passenger cars is expected to reflect the second highest growth among other vehicles in the global automotive metal wheel market by 2022 – end. Light commercial vehicles and mid-sized passenger cars is expected to register parallel CAGR growth in the global market.

In terms of technology, casting is expected to register the highest revenue growth in the global automotive metal wheel market. This segment is expected to represent over US$ 19,000 Mn in the global market in 2017. Further, casting is predicted to register the highest CAGR in the global automotive metal wheel market throughout 2022. Forging among other technologies is predicted to register the second highest revenue growth in the global automotive metal wheel market by the end of 2017.

Competition Tracking

Leading market players operating in the global automotive metal wheel market include Iochpe-Maxion S.A., CITIC Limited, BORBET GmbH, Superior Industries International, Inc., Topy Industries Ltd., Accuride Corporation, Lizhong Wheel Group Ltd., Zhejiang Jingu Company Limited, Alcar Holding GMBH, and ENKEI Corporation.

Table of Contents

  1. Global Automotive Metal Wheel Market – Executive Summary
  2. Global Automotive Metal Wheel Market Overview

2.1. Introduction

2.1.1. Global Automotive Metal Wheel Market Taxonomy

2.1.2. Global Automotive Metal Wheel Market Definition

2.2. Global Automotive Metal Wheel Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Automotive Metal Wheel Market Y-o-Y Growth

2.3. Global Automotive Metal Wheel Market Dynamics

2.3.1. Drivers

2.3.2. Restraints

2.3.3. Trends

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors

2.9. Key Participants Market Presence (Intensity Map) By Region……………………Continued

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