Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Forged Alloy Alumunium Wheel Market by Type (OEM, Aftermarket), By Application (Passenger Vehicle, Commercial Vehicle) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Forged Alloy Alumunium Wheel Market by Type (OEM, Aftermarket), By Application (Passenger Vehicle, Commercial Vehicle) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 140815 3300 Automobile & Transportation 377 248 Pages 4.8 (32)
                                          

Market Overview:


The global forged alloy alumunium wheel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for forged alloy alumunium wheels from the passenger vehicle and commercial vehicle segments. Additionally, the growing demand for lightweight and fuel-efficient vehicles is also contributing to the growth of this market. Regionally, North America is expected to lead the global forged alloy alumunium wheel market during the forecast period, followed by Europe and Asia Pacific.


Global Forged Alloy Alumunium Wheel Industry Outlook


Product Definition:


A forged alloy aluminum wheel is a type of aluminum wheel that is made from a forging process. The forged alloy aluminum wheel has many benefits over other types of aluminum wheels, including greater strength and durability.


OEM:


OEM (Original Equipment Manufacture) is a company that manufactures automobile parts or products using its own brand name. The term OEM is generally used for two types of companies, namely the original manufacturer of an automobile part and the company that owns the trademark for an existing product design and markets it under its own name. For example, Acura produces Honda vehicles' engines under OEM contracts with various automakers across the globe.


Aftermarket:


Aftermarket is the second hand market for used goods. It is a secondary commercial transaction between a buyer and seller where the former purchases the item from the latter. Aftermarket can be defined as all commercial transactions that are involved in buying and selling of products which have taken place after production/manufacturing of an article has been completed.


Application Insights:


The commercial vehicle segment led the global forged alloy aluminum wheel market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for trucks, buses, coaches and other forms of passenger transport vehicles in developing countries including India, China and Brazil.


Forged alloy wheels are widely used by various automotive manufacturers as an alternative to standard steel wheels due to their lightweight properties which reduce fuel consumption and increase fuel efficiency by approximately 5%. Alloy wheels are also expected to replace heavy cast iron or steel rims on account of superior performance characteristics offered by forged aluminum alloys such as high strength-to-weight ratio along with low maintenance cost when compared with conventional steel or iron based rims. This is anticipated further drive the demand for OEM forged alumunium wheels in commercial vehicles across the globe from 2018 till 2030 thereby contributing toward a significant share of this segment globally over the next seven years.


Regional Analysis:


Asia Pacific forged alloys aluminum wheel market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing automotive production in countries such as India, China and Japan. Furthermore, rising disposable income coupled with a growing population will drive demand for passenger vehicles which in turn will augment growth over the forecast period.


Europe was the second-largest region accounting for a share of more than 25% in 2017 owing to high demand from OEMs and replacement markets such as aftermarket and spare parts manufacturers across Germany, France, Italy and other European countries. The presence of key automobile manufacturers including Volkswagen Group; BMW AG; AUDI AG; Ferrari S.p A.; Mercedes-Benz AMG GmbH & Co.


Growth Factors:


  • Increasing demand for forged alloy aluminum wheels from the automotive sector
  • Rising popularity of lightweight and high-performance vehicles
  • Growing demand for forged alloy aluminum wheels in the aftermarket segment
  • Technological advancements in forging processes and wheel design
  • Rising awareness about the benefits of forged alloy aluminum wheels among consumers

Scope Of The Report

Report Attributes

Report Details

Report Title

Forged Alloy Alumunium Wheel Market Research Report

By Type

OEM, Aftermarket

By Application

Passenger Vehicle, Commercial Vehicle

By Companies

Superior Industries, Alcoa, BBS GmbH, CITIC Dicastal, Borbet, Gemsy Wheels, Ronal Wheels, Accuride, Wanfeng Auto, BBS JAPAN, RAYS Wheels, Cromodora Wheels, Zhejiang Jinfei, Lizhong Group, YHI

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

248

Number of Tables & Figures

174

Customization Available

Yes, the report can be customized as per your need.


Global Forged Alloy Alumunium Wheel Market Report Segments:

The global Forged Alloy Alumunium Wheel market is segmented on the basis of:

Types

OEM, Aftermarket

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

Passenger Vehicle, Commercial Vehicle

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:

  1. Superior Industries
  2. Alcoa
  3. BBS GmbH
  4. CITIC Dicastal
  5. Borbet
  6. Gemsy Wheels
  7. Ronal Wheels
  8. Accuride
  9. Wanfeng Auto
  10. BBS JAPAN
  11. RAYS Wheels
  12. Cromodora Wheels
  13. Zhejiang Jinfei
  14. Lizhong Group
  15. YHI

Global Forged Alloy Alumunium Wheel Market Overview


Highlights of The Forged Alloy Alumunium Wheel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. OEM
    2. Aftermarket
  1. By Application:

    1. Passenger Vehicle
    2. Commercial Vehicle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Forged Alloy Alumunium 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

Global Forged Alloy Alumunium Wheel Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Forged alloy aluminum wheel is a type of alloy wheel made from a mixture of aluminum and other metals. The resulting alloy has properties that make it stronger and lighter than either metal alone, making it an ideal choice for wheels that need to be both durable and lightweight.

Some of the major companies in the forged alloy alumunium wheel market are Superior Industries, Alcoa, BBS GmbH, CITIC Dicastal, Borbet, Gemsy Wheels, Ronal Wheels, Accuride, Wanfeng Auto, BBS JAPAN, RAYS Wheels, Cromodora Wheels, Zhejiang Jinfei, Lizhong Group, YHI.

The forged alloy alumunium wheel market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Forged Alloy Alumunium Wheel Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Forged Alloy Alumunium Wheel Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Forged Alloy Alumunium Wheel Market - Supply Chain
   4.5. Global Forged Alloy Alumunium Wheel Market Forecast
      4.5.1. Forged Alloy Alumunium Wheel Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Forged Alloy Alumunium Wheel Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Forged Alloy Alumunium Wheel Market Absolute $ Opportunity

5. Global Forged Alloy Alumunium Wheel Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Type
      5.3.1. OEM
      5.3.2. Aftermarket
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Forged Alloy Alumunium Wheel Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Application
      6.3.1. Passenger Vehicle
      6.3.2. Commercial Vehicle
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Forged Alloy Alumunium Wheel Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Forged Alloy Alumunium Wheel Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Forged Alloy Alumunium Wheel Demand Share Forecast, 2019-2026

9. North America Forged Alloy Alumunium Wheel Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Application
      9.4.1. Passenger Vehicle
      9.4.2. Commercial Vehicle
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Type
      9.7.1. OEM
      9.7.2. Aftermarket
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Forged Alloy Alumunium Wheel Demand Share Forecast, 2019-2026

10. Latin America Forged Alloy Alumunium Wheel Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Application
      10.4.1. Passenger Vehicle
      10.4.2. Commercial Vehicle
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Type
      10.7.1. OEM
      10.7.2. Aftermarket
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Forged Alloy Alumunium Wheel Demand Share Forecast, 2019-2026

11. Europe Forged Alloy Alumunium Wheel Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Application
      11.4.1. Passenger Vehicle
      11.4.2. Commercial Vehicle
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Type
      11.7.1. OEM
      11.7.2. Aftermarket
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o- Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Forged Alloy Alumunium Wheel Demand Share, 2019-2026

12. Asia Pacific Forged Alloy Alumunium Wheel Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Application
      12.4.1. Passenger Vehicle
      12.4.2. Commercial Vehicle
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Type
      12.7.1. OEM
      12.7.2. Aftermarket
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Forged Alloy Alumunium Wheel Demand Share, 2019-2026

13. Middle East & Africa Forged Alloy Alumunium Wheel Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Forged Alloy Alumunium Wheel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Application
      13.4.1. Passenger Vehicle
      13.4.2. Commercial Vehicle
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Forged Alloy Alumunium Wheel Market Size and Volume Forecast by Type
      13.7.1. OEM
      13.7.2. Aftermarket
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Forged Alloy Alumunium Wheel Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Forged Alloy Alumunium Wheel Market: Market Share Analysis
   14.2. Forged Alloy Alumunium Wheel Distributors and Customers
   14.3. Forged Alloy Alumunium Wheel Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Superior Industries
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Alcoa
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. BBS GmbH
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. CITIC Dicastal
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Borbet
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Gemsy Wheels
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Ronal Wheels
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Accuride
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Wanfeng Auto
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. BBS JAPAN
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. RAYS Wheels
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Cromodora Wheels
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Zhejiang Jinfei
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Lizhong Group
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. YHI
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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