Automotive Wheels Aftermarket - Global Forecast to 2025

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MarketsandMarkets Presents

Automotive Wheels Aftermarket worth 4.5 billion
by 2025
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utomotive-wheels-aftermarket-179305672.html
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The report "Automotive Wheels Aftermarket by
Aftermarket (New Wheel Replacement Refurbished
Wheel Fitment), Vehicle (PC, CV), Coating
(Liquid, Powdered), Material, Rim Size (13-15
Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), and
Region - Global Forecast to 2025" Global
automotive wheels aftermarket is projected to
grow at a CAGR of 3.53 from USD 3.5 billion in
2018 to reach USD 4.5 billion by 2025. The
growth of the automotive wheels aftermarket is
influenced by factors such as accident rates,
changing consumer preferences for stylish wheels,
and the growing number of automobile enthusiasts
in Europe and North America. Get The PDF
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arkets.com/pdfdownloadNew.asp?id179305672
Browse 65 market data Tables and 44 Figures
spread through 150 Pages and in-depth TOC on
"Automotive Wheels Aftermarket
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utomotive-wheels-aftermarket-179305672.html
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Passenger Cars Increased passenger car sales and
better vehicle handling is expected to drive the
automotive wheels aftermarket The passenger cars
segment is the largest of all segments of the
automotive wheels aftermarket and is expected to
witness significant growth during the forecast
period. The growing trend of engine downsizing
and vehicle weight reduction without compromising
vehicle performance has accentuated the need for
wheels made of advanced materials. Passenger cars
are now using lightweight alloy wheels that
improve the performance of the vehicle. Alloy
Improves the appearance of the wheels Alloy is
expected to be the fastest market for global
automotive wheels aftermarket. The growth is due
to factors such as corrosion resistance,
durability, high tensile strength, density,
ductility, and malleability. The two major or
commonly used components in the making of alloy
wheels are aluminum and magnesium. Aluminum is a
lightweight material and is ductile, durable, and
corrosion-resistant.  Request Sample of the
report https//www.marketsandmarkets.com/requests
ampleNew.asp?id179305672
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Asia Pacific China is expected to lead the Asia
Pacific market The Asia Pacific region is
estimated to be the fastest growing market. The
region comprises some of the fastest developing
economies of the world such as China and India.
The Asia Pacific region is home to key suppliers
of automotive wheels such as Enkei (Japan) and
Zhejiang Wanfeng Auto Wheel (China). Factors such
as the availability of cheap labor and favorable
government policies help undertake mass
production of automotive components in Asia
Pacific, which results in lower prices. In
addition, high investments by major OEMs in
advanced technologies are providing growth
opportunities for the aftermarket wheels
manufacturers in this region. The major
aftermarket wheels players are RONAL Group
(Switzerland), BORBET Gmbh (Germany), Enkei
Corporation (Japan), Carlstar (US), and Maxion
Wheels (US). Speak to Analyst _at_
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