Market Overview:
The global automobile alloy wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for luxury and performance-based vehicles, which in turn is fueling the demand for alloy wheels. Additionally, rising awareness about vehicle aesthetics and technological advancements are also contributing to the growth of this market. On the basis of type, aluminum alloy wheels are expected to account for a major share of the global automobile alloy wheels market during the forecast period. This can be attributed to their high strength-to-weight ratio as well as corrosion resistance properties. Magnesium alloys are also anticipated to witness significant growth duringthe forecast period owingto their lightweight properties that offer fuel efficiency benefits over traditional steel wheel options.
Product Definition:
An alloy wheel is a type of vehicle wheel that is made from an alloy of aluminium or magnesium. Alloys are mixtures of metals that have been combined for specific purposes. They are usually stronger and lighter than the standard metal they are made from.
Aluminum:
Aluminum is a metal, its main properties are high strength and lightweight. It also has the ability to reduce the overall weight of an automobile which in turn improves fuel efficiency. These factors make it one of the most preferred metals for use in automotive manufacturing.
It's alloys or compounds are used in various applications such as aircraft, transportation, construction equipment and medical devices among others where superior strength is required.
Magnesium:
Magnesium is a lightweight, silvery-white metal that is strong and durable. It has the highest melting point of any metal and can easily withstand high heat. Magnesium alloy wheels are used in automobiles to reduce the weight of vehicles as they are lighter than steel or aluminum alloy wheels. The magnesium content in these wheels helps to improve performance, handling characteristics, and fuel efficiency for better driving experience on roads.
Application Insights:
The passenger vehicles segment held the largest share of over 70.0% in 2017. The growth can be attributed to increasing demand for automobiles among middle-class population which had been previously relying on two wheelsers due to economical costs and ease of use. Alloy wheels are also preferred by most car manufacturers as they offer better performance at a lower price compared to other alternatives such as carbon fiber or magnesium variants, thus accounting for a major market share in the passenger vehicle application segment.
Commercial vehicles are expected to witness significant growth over the forecast period owing to rising demand from construction equipment manufacturers and material haulers operating across various regions including Asia Pacific, North America and Europe along with increased government spending on infrastructure development projects that will boost commercial vehicle sales globally over the next few years.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing production of passenger cars and light commercial vehicles in China, India, Japan, South Korea, and Taiwan. In addition, rising disposable income levels coupled with growing consumer preferences towards premium products is expected to drive demand from 2018 to 2030.
Growth Factors:
- Increasing demand for luxury and sports cars
- Rising disposable income of consumers in developing countries
- Technological advancements in alloy wheel manufacturing process
- Growing popularity of alloy wheels among car enthusiasts
- Increasing number of replacement and aftermarket sales
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Alloy Wheels Market Research Report
By Type
Aluminum, Magnesium, Carbon Fiber
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Borbet, Enkei, Ronal Group, Arconic, CITIC Dicastal, Maxion Wheels, UniwheelS Group, Borbet
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Alloy Wheels Market Report Segments:
The global Automobile Alloy Wheels market is segmented on the basis of:
Types
Aluminum, Magnesium, Carbon Fiber
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 Vehicles, Commercial Vehicles
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:
- Borbet
- Enkei
- Ronal Group
- Arconic
- CITIC Dicastal
- Maxion Wheels
- UniwheelS Group
- Borbet
Highlights of The Automobile Alloy Wheels 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:
- Aluminum
- Magnesium
- Carbon Fiber
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Automobile Alloy Wheels 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?
Automobile alloy wheels are made from a variety of metals, including aluminum, magnesium, and steel. They are often lighter than traditional metal wheels and provide a more nimble ride.
Some of the major companies in the automobile alloy wheels market are Borbet, Enkei, Ronal Group, Arconic, CITIC Dicastal, Maxion Wheels, UniwheelS Group, Borbet.
The automobile alloy wheels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Alloy Wheels 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 Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size & Forecast, 2018-2028
4.5.1 Automobile Alloy Wheels Market Size and Y-o-Y Growth
4.5.2 Automobile Alloy Wheels Market Absolute $ Opportunity
Chapter 5 Global Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Magnesium
5.2.3 Carbon Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Alloy Wheels 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 Automobile Alloy Wheels 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 Automobile Alloy Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Magnesium
9.6.3 Carbon Fiber
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 Automobile Alloy Wheels Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Automobile Alloy Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Magnesium
10.6.3 Carbon Fiber
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 Automobile Alloy Wheels Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Automobile Alloy Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Magnesium
11.6.3 Carbon Fiber
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 Automobile Alloy Wheels Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Automobile Alloy Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Automobile Alloy Wheels 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 Automobile Alloy Wheels Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Magnesium
12.6.3 Carbon Fiber
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 Automobile Alloy Wheels Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
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) Automobile Alloy Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automobile Alloy Wheels 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) Automobile Alloy Wheels Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Magnesium
13.6.3 Carbon Fiber
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) Automobile Alloy Wheels Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Automobile Alloy Wheels Market: Competitive Dashboard
14.2 Global Automobile Alloy Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Borbet
14.3.2 Enkei
14.3.3 Ronal Group
14.3.4 Arconic
14.3.5 CITIC Dicastal
14.3.6 Maxion Wheels
14.3.7 UniwheelS Group
14.3.8 Borbet
