Table of Contents
Penetration of Aluminum Wheels to Reach 42% by 2020
This study provides an outlook for growth opportunities in the North American truck and trailer wheels (steel and aluminum) OE market. Using both primary and secondary research data, analyses and discussions cover key trends, market drivers/restraints, market opportunities, market size, and forecasts of the truck (medium and heavy duty) and trailer segments. The study also provides segment breakdowns from 2013 (base year) to 2020 and highlights competitive factors, competitor market shares, product portfolios, and capabilities for this region. Key conclusions and a future outlook are provided.
*Key: CAGR—Compound Annual Growth Rate; OEMs—Original Equipment Manufacturers.
1 The total market is expected to grow from million units in 2013 to million units by 2020. Steel wheel adoption is expect to reduce during the forecast period, while the aluminum wheels segment is expected to grow at a% CAGR* by 2020.
2 The majority of aluminum wheel adoption is found in the heavy-duty (HD) trucks and the trailers segment. Steel wheel installation is highest in day-cab operators and in class and vehicles.
3 OEMs* continue to offer steel wheels as standard in HD/medium-duty (MD) trucks and aluminum wheels, mostly by customer request. By 2020, steel and aluminum wheels installations are expected to reach and , respectively.
4 Alcoa is a key beneficiary whose dominance (complete upstream-downstream integration and technology leader) in the aluminum wheels market is bolstered by rising penetration of aluminum wheels in the truck and trailer wheels OE market.
5 High production capacities at Chinese wheel plants present a major threat (price dumping). Chinese wheel suppliers increasingly venture into new channels to access the North American market, e.g., Zheijang Jingu Company Limited recently acquired Hess Industries and is exploring North American production.
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