Automotive Metal Wheel Market: Growing Demand for Car Styling will Contribute Significantly to the Adoption

Posted on 2019-06-20 by Mark Hub in Automotive, Industrial // 0 Comments

Rockville, USA, 2019-Jun-20 — /EPR Network/ — A comprehensive study by Fact.MR on the global market for automotive metal wheels offers critical insights on the aforesaid market, assessed for a period of five years, 2017-2022. Fact.MR forecasts that the global automotive metal wheel market would record a sluggish CAGR through 2022, lying in the high value-low growth quadrant during the said timeline. The global automotive metal wheel market is anticipated to stand at a valuation of approximately US$ 92 Billion by the end of the forecast period. Fact.MR opines that increasing demand for light weight wheels for better fuel economy and vehicular performance is a major factor restraining the widespread adoption of automotive metal wheel, globally. Moreover, since metal wheels are more exposed to rust and corrosion, automotive wheel manufacturers prefer using alloy.

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Additive manufacturing —3D printing has brought a paradigm shift in automotive industry through lighter, stronger and safer products; reduced cost and contained lead times. Weight reduction is one of the pivotal aspects relating to additive manufacturing (AM). Accordingly, automotive application reaps benefits from complex geometries and sophisticated engineering materials to enhance performance and reduce weight.

Titanium is one of the most admired metals for strength and corrosion resistance vis-à-vis aluminum, however, it is inferior owing to designing, machine processing and high cost. Automotive metal wheels manufacturers have been using titanium alloy in electric vehicles as a prototype. Besides, some manufacturers are replacing aluminum with carbon fiber band to reduce rotational inertia and weight in automotive metal wheels.

Table of Content

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

3. Global Automotive Metal Wheel Market Analysis and Forecast By Material
3.1. Global Automotive Metal Wheel Market Size and Forecast By Material, 2012-2022
3.1.1. Steel Wheel Automotive Metal Wheel Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Aluminium Alloy Wheel Automotive Metal Wheel Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

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Automotive Metal Wheel Market: Report Content

This report presents a thorough analysis on automotive metal wheel market which is underpinned by qualitative and quantitative assessment. Further, the report gives actionable insights on the drivers, trends, restraints, trends, opportunities, which have its considerable impact on the development of automotive metal wheel market. Moreover, the report throws light on segregation of the market to offer a coherent assessment of the automotive metal wheel.

The report provides in-depth view of the global automotive metal wheel market and includes the following sub-sections:

Market Taxonomy
Market Definition
Market Size and Forecast
Year-on-Year (YoY) Growth
Key Market Dynamics including drivers, restraints, and trends
Supply chain analysis
Cost structure analysis
Pricing analysis
Raw Material Sourcing Strategy and Analysis
List of Distributors
Key Participants Market Presence (Intensity Map) By Region

Aluminum Alloy Metal in for a Bright Future in the Global Automotive Metal Wheel Market

Superior thermal conductivity compared to Steel, more structural strength, improved grip on difficult terrains, and better corrosion resistance are some key properties pushing the demand for Aluminum alloy wheels through 2022. Enhanced scope for multiple design innovations along with better fuel economy will result in widespread consumption of alloys wheels.

Automotive Metal Wheel Market: Competitive Analysis

Owing to the significant market shift from steel wheels to aluminum wheels, Maxion Wheels recently laid the foundation for a new aluminum wheel plant in Pune, India to specifically cater to the growing demand for aluminum wheels in the region. Riding the aluminum wheels wave, Chinese wheel manufacturer CITIC Dicastal is said to build two aluminum wheels factories in Morocco, with an investment of 350 million euros. Iochpe-Maxion, CITIC Dicastal, Borbet, Superior Industries, Accuride, and Jingu Group are some key companies profiled by Fact.MR in its report on global automotive metal wheel market.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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