1. Home
  2. > Automotive Market Trends
Global Automotive Wheel Industry

Global Automotive Wheel Industry

  • October 2022
  • 406 pages
  • ID: 5798013
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

Abstract:

What`s New for 2022?

Global competitiveness and key competitor percentage market shares

Market presence across multiple geographies - Strong/Active/Niche/Trivial

Online interactive peer-to-peer collaborative bespoke updates

Access to our digital archives and MarketGlass Research Platform

Complimentary updates for one year
- Global Automotive Wheel Market to Reach $44.4 Billion by 2026
- An automotive wheel is as the cylindrical part where the tire is installed. It includes the rim and disc plate and the complete assembly is called a wheel. The rim is the outermost part of the wheel that accommodates the tire. The disc, on the other hand, is that part of the rim which is fixed to the axle hub. Typically, an automotive wheel comes designed with ventilated holes around the circumference to enable cooling. The mounting face of the wheel has a budged shape to create space for the brakes. The wheel hub is the central part of the wheel that actually interfaces with the axle and the braking system. The brake rotors and hub assemblies rest against the wheel hub. The wheel structure and function is an important engineering aspect of an automotive as it influences handling and safety of the automobile. An unsung hero of the automotive, wheels are important, since a damaged, bent or broken wheel can puncture the tire leading to blowout and increasing the risk of vehicle crashes. In addition, they can also trigger mechanical issues such as loss of control of the car. Amid the COVID-19 crisis, the global market for Automotive Wheel market estimated at US$35.9 Billion in the year 2022, is projected to reach a revised size of US$44.4 Billion by 2026, registering a compounded annual growth rate (CAGR) of 5.5% over the analysis period. China represents the largest regional market for Automotive Wheel, and is projected to reach US$10.9 Billion by 2026 growing at a CAGR of 8% over the analysis period. Easy availability of information on the Internet, price transparency is creating a more informed and empowered customer. This pushes up the challenge for manufacturers to meet customer expectations and generate value by offering products with the best price to value ratio. In the aftermarket, demand for wheels stems from new wheel replacement and refurbished wheel fitment. A key trend in this regard is the popularity of powdered coating. These wheels are especially popular in the aftermarket because they are cheaper to manufacture; have lower cost of production due to lesser material wastages; eco-friendly as they have zero VOC emissions which is important given the stringent emission regulations; higher aesthetic appeal; non-porous surface of power coatings gives higher levels of resistance to dirt, dust and corrosion; lower risk of chipping; better durability; cost-effective and curing time for power coasting is significantly lesser than for traditional paint; and compatibility with different wheel materials. In terms of material alloy wheels are popular in the aftermarket. Growing production of cars especially in developing countries will drive opportunities for wheels.

Select Competitors (Total 127 Featured)
Accuride Corporation
Alcar Holding Gmbh
Borbet GmbH
Citic Dicastal Co., Ltd.
Enkei Corporation
Hitachi Metals Ltd.
HRE Performance Wheels
Iochpe-Maxion S.A.
Mangels Industrial
Ronal AG
Steel Strips Wheels Ltd.
Superior Industries International
ThyssenKrupp AG
Topy Industries, Ltd.
Vossen Wheels
Zhejiang Wanfeng Auto Wheel

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Black Masterbatches Market Growth Opportunities, 2023 - Market Insights, Mega Trends, Companies, and Forecasts to 2030

  • $ 4880
  • November 2022
  • 170 pages

Black Masterbatches market outlook The Black Masterbatches Market analysis and outlook report presents forecasts by Type, Application, country, and companies. The Black Masterbatches market outlook report ...

  • World
  • Europe
  • Consumer Goods
  • Automotive
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on