Automotive Aluminium Alloy Wheel Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Automotive Aluminium Alloy Wheel Market by region.
Global Automotive Aluminium Alloy Wheel Market to reach USD $$ billion by 2030. Global Automotive Aluminium Alloy Wheel Market is valued approximately at USD $$ Billion in 2020 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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The use of aluminium is used to enhance tensile strength and stiffness of wheels which reduces the cost of vehicle. The global Automotive Aluminium Alloy Wheel market is being driven by the collaboration of automotive companies and wheel manufacturers. For instance: in March 2021, Volkswagen of America collaborated with BBS to launch new Enthusiast Fleet Concept Jetta GLI by adopting BBS CH-R 20-inch wheels. The other driving factor for the market is the expanding automotive industry. For instance, According to OICA, Africa produced 776,967 passenger cars in 2018, which rose to 787,287 in 2019, representing a 1.3 percent growth.
Also, according to the International Trade Administration (ITA), China is the world’s largest automotive market, with the Chinese government expecting 35 million vehicles to be produced by 2025. Likewise, according to OICA, the number of light commercial vehicles produced in Canada rose by 6.2 percent from 1,348,932 in 2018 to 1,431,904 in 2019 Furthermore, the continuous product innovation, high investments by the private companies and favorable government initiatives to promote automotive industry will provide new opportunities for the global Automotive Aluminium Alloy Wheel industry. However, high cost related to the research & development may impede market growth over the forecast period of 2021-2027.
The global Automotive Aluminium Alloy Wheel Market is analyzed geographically based on key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share and is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to presence of large established companies, high investments by the companies and increasing demand for luxurious vehicles in the region.
Major market player included in this report are:
Zhongnan Aluminum Wheels
YHI
Yueling Wheels
Guangdong Dcenti Auto-Parts
Zhejiang Jinfei
Wanfeng Auto
Lizhong
CITIC Dicastal
Borbet
Ronal Wheels
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Casting
Forging
Others
By Application:
Passenger Vehicle
Commercial Vehicle
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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