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.
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:
- 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
Highlights of The Forged Alloy Alumunium 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:
- OEM
- Aftermarket
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 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
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?
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