Global Alloy Wheels Market Size Study, by Material Type (Magnesium Alloy, Aluminum Alloy, Titanium Alloy), by Type (Forging, Casting, Others), by Rim Size (12 Inches - 17 Inches, 18 Inches - 21 Inches, More than 22 Inches), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Regional Forecasts 2022-2032
The Global Alloy Wheels Market, valued at approximately USD 19.85 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2032. Alloy wheels, known for th... もっと見る
SummaryThe Global Alloy Wheels Market, valued at approximately USD 19.85 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2032. Alloy wheels, known for their lightweight and high strength-to-weight ratio, are increasingly utilized in various vehicles, including passenger cars, sports cars, and light commercial vehicles. These wheels, typically made from aluminum alloys, offer superior corrosion resistance, enhanced high-speed stability, and reduced wear, making them a preferred choice among consumers.The significant growth in the alloy wheels market is driven by factors such as the increasing demand for lightweight, fuel-efficient vehicles and the rising consumer preference for stylish and customized automobiles. The automotive sector's expansion, particularly in emerging markets like China, India, and Brazil, further fuels the demand for alloy wheels. However, the high cost of alloy wheels may limit their adoption among budget-conscious consumers, posing a challenge to market growth. The Global Alloy Wheels Market is driven by the increasing demand for lightweight and fuel-efficient vehicles, as alloy wheels are known for their lighter weight compared to steel wheels, which enhances vehicle performance and fuel efficiency. The rise in consumer preference for aesthetically appealing and high-performance vehicles also fuels market growth, as alloy wheels offer a stylish appearance and better heat dissipation. However, the market faces restraints due to the higher cost of alloy wheels compared to traditional steel wheels, which may limit their adoption in cost-sensitive markets. Opportunities in the market include advancements in manufacturing technologies, such as the development of stronger and lighter alloys, and the growing demand for electric vehicles, which prioritize weight reduction to extend battery range, further boosting the demand for alloy wheels. The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America led the Global Alloy Wheels Market in 2023, while the Asia-Pacific region is expected to witness rapid growth during the forecast period. This growth is driven by the booming automotive industry in China and India, where increasing population and rising income levels are leading to higher demand for vehicles and, consequently, alloy wheels. Major market players included in this report are: MHT Luxury Wheels CITIC Dicastal Wheel Manufacturing Co. TSW Alloy Wheels RONAL GROUP Fuel Off-Road Wheels BORBET GmbH Superior Industries International, Inc. Stamford Sport Wheels MAXION Wheels Enkei Corporation Steel Strips Wheels Ltd (SSWL) Fondmetal S.p.A. RAYS Co., Ltd. Zhejiang Wanfeng Auto Wheel Co., Ltd. Topy Industries, Ltd. The detailed segments and sub-segment of the market are explained below: By Material Type Magnesium Alloy Aluminum Alloy Titanium Alloy By Type Forging Casting Others By Rim Size 12 Inches - 17 Inches 18 Inches - 21 Inches More than 22 Inches By Vehicle Type Passenger Vehicle Commercial Vehicle By Region: North America U.S. Canada Europe UK Germany France Spain Italy Rest of Europe Asia Pacific China India Japan South Korea Australia Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa Saudi Arabia South Africa Rest of Middle East and Africa Years considered for the study are as follows: Historical year – 2022 Base year – 2023 Forecast period – 2024 to 2032 Key Takeaways: Market Estimates & Forecast for 10 years from 2022 to 2032. Annualized revenues and regional level analysis for each market segment. Detailed analysis of geographical landscape with Country level analysis of major regions. Competitive landscape with information on major players in the market. Analysis of key business strategies and recommendations on future market approach. Analysis of competitive structure of the market. Demand side and supply side analysis of the market. Table of ContentsChapter 1. Global Alloy Wheels Market Executive Summary1.1. Global Alloy Wheels Market Size & Forecast (2022-2032) 1.2. Regional Summary 1.3. Segmental Summary 1.3.1. By Material Type 1.3.2. By Type 1.3.3. By Rim Size 1.3.4. By Vehicle Type 1.4. Key Trends 1.5. Recession Impact 1.6. Analyst Recommendation & Conclusion Chapter 2. Global Alloy Wheels Market Definition and Research Assumptions 2.1. Research Objective 2.2. Market Definition 2.3. Research Assumptions 2.3.1. Inclusion & Exclusion 2.3.2. Limitations 2.3.3. Supply Side Analysis 2.3.3.1. Availability 2.3.3.2. Infrastructure 2.3.3.3. Regulatory Environment 2.3.3.4. Market Competition 2.3.3.5. Economic Viability (Consumer’s Perspective) 2.3.4. Demand Side Analysis 2.3.4.1. Regulatory frameworks 2.3.4.2. Technological Advancements 2.3.4.3. Environmental Considerations 2.3.4.4. Consumer Awareness & Acceptance 2.4. Estimation Methodology 2.5. Years Considered for the Study 2.6. Currency Conversion Rates Chapter 3. Global Alloy Wheels Market Dynamics 3.1. Market Drivers 3.1.1. Rising Demand for Lightweight and Fuel-Efficient Vehicles 3.1.2. Growth of the Automotive Sector in Emerging Economies 3.2. Market Challenges 3.2.1. High Costs of Alloy Wheels 3.2.2. Limited Adoption Among Budget-Conscious Consumers 3.3. Market Opportunities 3.3.1. Expanding Customization Trends in the Automotive Industry 3.3.2. Increasing Demand in Emerging Economies Chapter 4. Global Alloy Wheels Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model 4.1.7. Porter’s 5 Force Impact Analysis 4.2. PESTEL Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.2.5. Environmental 4.2.6. Legal 4.3. Top investment opportunity 4.4. Top winning strategies 4.5. Disruptive Trends 4.6. Industry Expert Perspective 4.7. Analyst Recommendation & Conclusion Chapter 5. Global Alloy Wheels Market Size & Forecasts by Material Type 2022-2032 5.1. Segment Dashboard 5.2. Global Alloy Wheels Market: Material Type Revenue Trend Analysis, 2022 & 2032 (USD Billion) 5.2.1. Magnesium Alloy 5.2.2. Aluminum Alloy 5.2.3. Titanium Alloy Chapter 6. Global Alloy Wheels Market Size & Forecasts by Type 2022-2032 6.1. Segment Dashboard 6.2. Global Alloy Wheels Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion) 6.2.1. Forging 6.2.2. Casting 6.2.3. Others Chapter 7. Global Alloy Wheels Market Size & Forecasts by Rim Size 2022-2032 7.1. Segment Dashboard 7.2. Global Alloy Wheels Market: Rim Size Revenue Trend Analysis, 2022 & 2032 (USD Billion) 7.2.1. 12 Inches - 17 Inches 7.2.2. 18 Inches - 21 Inches 7.2.3. More than 22 Inches Chapter 8. Global Alloy Wheels Market Size & Forecasts by Vehicle Type 2022-2032 8.1. Segment Dashboard 8.2. Global Alloy Wheels Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion) 8.2.1. Passenger Vehicle 8.2.2. Commercial Vehicle Chapter 9. Global Alloy Wheels Market Size & Forecasts by Region 2022-2032 9.1. North America Alloy Wheels Market 9.1.1. U.S. Alloy Wheels Market 9.1.1.1. Material Type breakdown size & forecasts, 2022-2032 9.1.1.2. Type breakdown size & forecasts, 2022-2032 9.1.1.3. Rim Size breakdown size & forecasts, 2022-2032 9.1.1.4. Vehicle Type breakdown size & forecasts, 2022-2032 9.1.2. Canada Alloy Wheels Market 9.2. Europe Alloy Wheels Market 9.2.1. U.K. Alloy Wheels Market 9.2.2. Germany Alloy Wheels Market 9.2.3. France Alloy Wheels Market 9.2.4. Spain Alloy Wheels Market 9.2.5. Italy Alloy Wheels Market 9.2.6. Rest of Europe Alloy Wheels Market 9.3. Asia-Pacific Alloy Wheels Market 9.3.1. China Alloy Wheels Market 9.3.2. Japan Alloy Wheels Market 9.3.3. India Alloy Wheels Market 9.3.4. South Korea Alloy Wheels Market 9.3.5. Rest of Asia-Pacific Alloy Wheels Market 9.4. Latin America Alloy Wheels Market 9.4.1. Brazil Alloy Wheels Market 9.4.2. Argentina Alloy Wheels Market 9.4.3. Rest of Latin America Alloy Wheels Market 9.5. Middle East & Africa Alloy Wheels Market 9.5.1. Saudi Arabia Alloy Wheels Market 9.5.2. South Africa Alloy Wheels Market 9.5.3. UAE Alloy Wheels Market 9.5.4. Rest of MEA Alloy Wheels Market Chapter 10. Competitive Intelligence 10.1. Key Company SWOT Analysis 10.1.1. Company 1 10.1.2. Company 2 10.1.3. Company 3 10.2. Top Market Strategies 10.3. Company Profiles 10.3.1. MHT Luxury Wheels 10.3.1.1. Key Information 10.3.1.2. Overview 10.3.1.3. Financial (Subject to Data Availability) 10.3.1.4. Product Summary 10.3.1.5. Market Strategies 10.3.2. CITIC Dicastal Wheel Manufacturing Co. 10.3.3. TSW Alloy Wheels 10.3.4. RONAL GROUP 10.3.5. Fuel Off-Road Wheels 10.3.6. BORBET GmbH 10.3.7. Superior Industries International, Inc. 10.3.8. Stamford Sport Wheels 10.3.9. MAXION Wheels 10.3.10. Enkei Corporation 10.3.11. Steel Strips Wheels Ltd (SSWL) 10.3.12. Fondmetal S.p.A. 10.3.13. RAYS Co., Ltd. 10.3.14. Zhejiang Wanfeng Auto Wheel Co., Ltd. 10.3.15. Topy Industries, Ltd. Chapter 11. Research Process 11.1. Research Process 11.1.1. Data Mining 11.1.2. Analysis 11.1.3. Market Estimation 11.1.4. Validation 11.1.5. Publishing 11.2. Research Attributes
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