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Download Free sampleThe global Aluminium Alloy Wheel market was valued at 210.76 Million USD in 2021 and will grow with a CAGR of 1.18% from 2021 to 2027, based on Research newly published report.
The prime objective of Aluminium Alloy Wheel Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Aluminium Alloy Wheel Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.The Global production of the aluminum alloy wheel is about 300 Million Unit in 2015. The production region is relative concentrate. The main manufacture region is concentrated in the Asia. China is the largest production country. In the future, the aluminum alloy wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weaken. The installed rate in the commercial vehicle will increase.
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