Global Automotive Alloy Wheels Market to Grow at a CAGR of 5.8% During 2016-2024

Posted on 2018-09-20 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Sep-20 — /EPR Network/ —According to Goldstein Research, global automotive alloy wheels market is expected to reach USD 24.8 billion by 2024 from USD 16.7 billion in 2016, growing at a CAGR of 5.8% over the forecast period 2016-2024. Automobile alloy wheels market players are witnessed to be continuously focusing on improving the cutting edge technology used with performance-driven in the alloy wheels. Growth across the automobile industry coupled with the trend of vehicle customization is majorly propelling the growth of automobile alloy wheels market. Global automotive alloy wheels market is largely dominated by North America in 2016 with more than USD 4.5 billion revenue share. North America’s aftermarket acquires a substantial share in alloy wheel market, with statistics segregated as 5% are tire dealers in the aftermarket,20% are auto body shops and 75% customers are the car dealerships.

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Market Segmentation

Global Automotive Alloy Wheels Market can be segmented as follows:

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

By Region

North America Automotive Alloy Wheels Market Analysis, 2016-2024
Europe Automotive Alloy Wheels Market Analysis, 2016-2024
The Middle East And Africa Automotive Alloy Wheels Market Analysis, 2016-2024
Latin America Automotive Alloy Wheels Market Analysis, 2016-2024
Asia Pacific Automotive Alloy Wheels Market Analysis, 2016-2024
Rest Of The World Automotive Alloy Wheels Market Analysis, 2016-2024

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“Global Automotive Alloy Wheels Market Outlook 2024” provides an in-depth overview of the global automotive alloy wheels market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by vehicle type, material type, end-user, and geography.

The Global Automotive Alloy Wheels Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of automotive alloy wheels market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global automotive alloy wheels market discussed in the report are: Borbet, Uniwheels, CM Wheels, Alcoa Wheels, CITIC Dicastal, Maxion, Accuride, Steel Strips Wheels, Enkei wheels, Superior industries, TSW Alloy Wheels, Dymag Group Limited, FoshanNanhaiZhongnan Aluminum Wheel Co., Ltd., etc.

Further, Global Automotive Alloy Wheels industry Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Automotive Alloy Wheels Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also contains the expert analysis related to complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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