Automotive Wheel Market for aftermarket to witness around 5% CAGR To 2024 - PowerPoint PPT Presentation

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Automotive Wheel Market for aftermarket to witness around 5% CAGR To 2024

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More Information @ Presence of multiple automobile OEMs offering a wide range of models including Ford, Toyota, Volkswagen, Hyundai, and Honda are further supporting the regional growth. – PowerPoint PPT presentation

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Title: Automotive Wheel Market for aftermarket to witness around 5% CAGR To 2024


1
Asia Pacific automotive wheels market to witness
over 4.0 CAGR To 2024
2
Key Insights from Automotive Wheel Market
  • Manufacturing methods of automotive wheels are
    more complex owing to the casting, forging, and
    forming processes. High initial raw material and
    machinery acquisition cost will continue to
    hamper the overall automotive wheels market
    growth. Additionally, in June 2017, European
    Commission announced an extension of anti-dumping
    duties on aluminum wheels imported from China.
    Introduction of tariffs and duties will continue
    to hamper the industry growth through the
    forecast period.
  • Rising prominence of aluminum automotive wheels
    is witnessed owing to its contribution to weight
    savings, styling flexibility and enhanced
    mechanical properties. Reduction of unsprung
    mass, improved car handling and riding comfort
    will provide strong market growth opportunities.
  • High-performance automotive wheels market segment
    is expected to witness significant growth. It
    offers high-impact force resistance, extended
    durability and enhanced wheel performance.
    Presence of numerous wheel manufacturers offering
    customized and uniquely styled forged/cast wheels
    are expected to provide positive outlook for the
    segment growth.

3
Continued
Based on end-use, OEM automotive wheel market
segment is expected to continue its dominance
through the forecast period. Long durability,
robust performance in all weather conditions, and
low replacement rates are expected to remain the
prominent factors contributing to the industry
growth. Industry participants are expected to
emphasize on establishing supply contracts and
agreements for long term product supply to
strengthen their industry foothold.
4

Latest Research Report On Automotive Wheel Market
_at_ https//www.gminsights.com/industry-analysis/aut
omotive-wheel-market Request for a sample of
this research report _at_ https//www.gminsights.com/
request-sample/detail/1706

5
U.S. Automotive Wheel Market, By Material, 2017
2024 (USD Million)

6
Major Companies in Automotive Wheel Market
  • Maxion Wheels
  • Changchun Faway Automobile Components Co., Ltd.
  • Ronal Group
  • Zhejiang Wanfeng Auto Wheel
  • Titan International, Inc.
  • Topy Industries Limited
  • Borbet GmbH
  • Superior Industries International, Inc

7
Industry Coverage

8
Regional Insights in Automotive Wheel Market
  • Asia Pacific automotive wheels market segment
    will continue its dominance over the forecast
    period. Strong demand for aluminum wheels in the
    passenger cars coupled with the aftermarket
    customization requirement will continue to favor
    the industry growth through the forecast period.
  • Read Our Automotive Bog _at_ http//freeautomotivene
    ws.com/

9
Stay In Touch Website www.gminsights.com Soci
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