Automotive Aluminum Wheel Market

The global Automotive Aluminum Wheel market was valued at 139.6 Million USD in 2021 and will grow with a CAGR of 1.66% from 2021 to 2027, based on newly published report.

The prime objective of Automotive Aluminum 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, Automotive Aluminum 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).

Automotive Aluminum Wheel is made by the aluminum alloy. The aluminum 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.In the next few years, Aluminum Wheel industry will maintain increasing at a relatively high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field. The classification of Aluminum Wheel includes Casting, Forging and Other. The proportion of Casting in 2016 is about 84.29%. Cast wheels are cheaper than forged wheels, which are lighter and stronger. Aluminum Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Aluminum Wheel is used in Passenger Vehicle, and the sales proportion in 2016 is about 95.80%. China and Europe is the main consumption places, with a consumption market share nearly 26.85% and 25.74% in 2016. Other regions also enjoy the major market share in global region. In the future, the aluminum 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.

By Market Verdors:

Borbet (Germany)

CITIC Dicastal (China)

Ronal Wheels (Switzerland)

Alcoa (US)

Superior Industries (US)

Iochpe-Maxion (Brazil)

Uniwheel Group (Germany)

Wanfeng Auto (China)

Lizhong Group (China)

Enkei Wheels (Japan)

Accuride (US)

YHI International Limited (Singapore)

Topy Group (Japan)

Kunshan Liufeng (China)

Zhejiang Jinfei (China)

Yueling Wheels (China)

Zhongnan Aluminum Wheels (China)

Anchi Aluminum Wheel (China)

Guangdong Dcenti Auto-Parts (China

By Types:

Cast Wheels

Forged Wheels

By Applications:

Passenger Vehicle

Commercial Vehicle

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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