Market Overview:
The global sedan and hatchback steel wheel market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars across the globe. Additionally, the rising disposable income of consumers has led to an increase in demand for luxury cars, which in turn is fueling the growth of the global sedan and hatchback steel wheel market. On basis of type, casting segment is expected to account for a major share of the global sedan and hatchback steel wheel market during 2018-2030. Casting wheels are generally less expensive as compared to forged wheels and are therefore preferred by OEMs for mass production vehicles.
Product Definition:
A steel wheel is a type of automotive wheel that is made from stamped and rolled steel. Steel wheels are the most common type of wheel for passenger vehicles, as they are inexpensive and strong.
Casting:
Casting is the process of making a mold or pattern to create a perfect copy of an object. The material used in the creation of the mold can be any type of plastic, metal, wood or even human hair. The most commonly used materials for casting include metals such as aluminum and steel and plastics including polyethylene, polyvinyl chloride and high-density polyethylene.
Forging:
Forging is a process of manufacturing steel wheels by applying extreme heat to the raw materials such as iron and steel. The end product consists of high strength and durable material, which can be used in the production of trucks, cars, buses or any heavy vehicles.
The main reason for using forging is that it reduces the weight from around 15% to 25% depending upon design and quality compared to cast iron or machined parts.
Application Insights:
The application segment includes a sedan and a hatchback. The sedan segment dominated the overall industry in terms of revenue in 2017, attributed to the growing demand from developed countries such as U.S., Canada, Germany, France and UK for sedans over the past few years. Moreover, increasing sales of high-performance vehicles such as Maserati Quattroporte & Mercedes-Benz E Class are expected to drive demand over the forecast period.
The hatchback application is expected to witness significant growth during the forecast period owing to rising consumer preference for small car models with higher fuel efficiency levels compared to their counterparts with four doors that can accommodate more passengers and offer greater luggage space at a lower cost per unit volume than sedans do. This trend is likely to continue over next few years thereby driving market growth across various regions worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing production and sales of small cars in China, India, South Korea, Japan, and Taiwan. In addition, rising disposable income coupled with growing population will fuel demand for urban transportation which will further propel industry growth.
The European market accounted for a significant share owing to high demand from countries such as Germany and Russia that account for majority shares in terms of vehicle production within Europe. Moreover, stringent regulations regarding CO2 emissions along with other environmental factors are anticipated to drive industry growth over the forecast period.
North America is projected to witness steady growth due to increased consumer preference towards larger sedans as compared smaller sedans on account of safety features offered by larger vehicles including anti-lock braking system (ABS) and electronic stability program (ESP).
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of vehicle lightweighting is expected to drive the demand for sedan and hatchback steel wheels over the forecast period. Steel wheels are lighter in weight as compared to alloy wheels, which makes them a preferred choice for vehicle manufacturers looking to reduce overall weight and improve fuel efficiency.
- Growing popularity of electric vehicles: Electric vehicles are gaining popularity due to their low emissions and environmental friendliness. This is expected to boost the demand for sedan and hatchback steel wheels, as they are an essential component in electric vehicles.
- Rising disposable income levels: A growing middle-class population with rising disposable incomes is driving the growth of the automotive sector in developing countries such as China and India. This is expected to create opportunities for sedan and hatchback steel wheel manufacturers in these regions over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sedan and Hatchback Steel Wheel Market Research Report
By Type
Casting, Forging, Other
By Application
Sedan, Hatchback
By Companies
CITIC Dicastal, Borbet, Ronal Wheels, Superior Industries, Enkei Wheels, Lizhong Group, Wanfeng Auto, Iochpe-Maxion, Zhejiang Jinfei Holding Group, Topy Group, Accuride, Steel Strips Wheels
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Sedan and Hatchback Steel Wheel Market Report Segments:
The global Sedan and Hatchback Steel Wheel market is segmented on the basis of:
Types
Casting, Forging, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sedan, Hatchback
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CITIC Dicastal
- Borbet
- Ronal Wheels
- Superior Industries
- Enkei Wheels
- Lizhong Group
- Wanfeng Auto
- Iochpe-Maxion
- Zhejiang Jinfei Holding Group
- Topy Group
- Accuride
- Steel Strips Wheels
Highlights of The Sedan and Hatchback Steel Wheel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Casting
- Forging
- Other
- By Application:
- Sedan
- Hatchback
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sedan and Hatchback Steel Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sedan and hatchback steel wheel are made of a heavier gauge of steel than other types of wheels. This makes them stronger and more durable, making them a better choice for those who drive frequently in tough conditions.
Some of the key players operating in the sedan and hatchback steel wheel market are CITIC Dicastal, Borbet, Ronal Wheels, Superior Industries, Enkei Wheels, Lizhong Group, Wanfeng Auto, Iochpe-Maxion, Zhejiang Jinfei Holding Group, Topy Group, Accuride, Steel Strips Wheels.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sedan and Hatchback Steel Wheel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Sedan and Hatchback Steel Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sedan and Hatchback Steel Wheel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Sedan and Hatchback Steel Wheel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Sedan and Hatchback Steel Wheel Market Size & Forecast, 2018-2028 4.5.1 Sedan and Hatchback Steel Wheel Market Size and Y-o-Y Growth 4.5.2 Sedan and Hatchback Steel Wheel Market Absolute $ Opportunity
Chapter 5 Global Sedan and Hatchback Steel Wheel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sedan and Hatchback Steel Wheel Market Size Forecast by Type
5.2.1 Casting
5.2.2 Forging
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sedan and Hatchback Steel Wheel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sedan and Hatchback Steel Wheel Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 Hatchback
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sedan and Hatchback Steel Wheel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sedan and Hatchback Steel Wheel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sedan and Hatchback Steel Wheel Analysis and Forecast
9.1 Introduction
9.2 North America Sedan and Hatchback Steel Wheel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sedan and Hatchback Steel Wheel Market Size Forecast by Type
9.6.1 Casting
9.6.2 Forging
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sedan and Hatchback Steel Wheel Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 Hatchback
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sedan and Hatchback Steel Wheel Analysis and Forecast
10.1 Introduction
10.2 Europe Sedan and Hatchback Steel Wheel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sedan and Hatchback Steel Wheel Market Size Forecast by Type
10.6.1 Casting
10.6.2 Forging
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sedan and Hatchback Steel Wheel Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 Hatchback
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sedan and Hatchback Steel Wheel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sedan and Hatchback Steel Wheel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sedan and Hatchback Steel Wheel Market Size Forecast by Type
11.6.1 Casting
11.6.2 Forging
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sedan and Hatchback Steel Wheel Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 Hatchback
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sedan and Hatchback Steel Wheel Analysis and Forecast
12.1 Introduction
12.2 Latin America Sedan and Hatchback Steel Wheel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sedan and Hatchback Steel Wheel Market Size Forecast by Type
12.6.1 Casting
12.6.2 Forging
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sedan and Hatchback Steel Wheel Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 Hatchback
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sedan and Hatchback Steel Wheel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sedan and Hatchback Steel Wheel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sedan and Hatchback Steel Wheel Market Size Forecast by Type
13.6.1 Casting
13.6.2 Forging
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sedan and Hatchback Steel Wheel Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 Hatchback
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sedan and Hatchback Steel Wheel Market: Competitive Dashboard
14.2 Global Sedan and Hatchback Steel Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CITIC Dicastal
14.3.2 Borbet
14.3.3 Ronal Wheels
14.3.4 Superior Industries
14.3.5 Enkei Wheels
14.3.6 Lizhong Group
14.3.7 Wanfeng Auto
14.3.8 Iochpe-Maxion
14.3.9 Zhejiang Jinfei Holding Group
14.3.10 Topy Group
14.3.11 Accuride
14.3.12 Steel Strips Wheels