Market Overview:
The global cast aluminum wheels market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and changing lifestyle are also contributing to the growth of this market. Based on type, under 16 inches cast aluminum wheels is projected to be the fastest growing segment during the forecast period due to its low cost and lightweight properties. By application, passenger vehicle segment is anticipated to hold major share in global cast aluminum wheels market owing to increase in demand for luxury cars and SUVs across different regions.
Product Definition:
Cast aluminum wheels are a type of lightweight alloy wheel that is made from a cast aluminum alloy. They are often used on high-performance cars because they are lighter and stronger than traditional steel wheels, which can improve performance and fuel economy.
Under 16 inches Cast Aluminum Wheels:
Under 16 inches cast aluminum wheels are the most popular type of wheel used in passenger vehicles. They account for a share of around 60% in the total vehicle weight and have a significant impact on vehicle performance, handling characteristics & safety.
The growth factor is directly proportional to demand and sales volume as there is no other variable that can be changed to influence demand or supply except price & quality which has no bearing on market growth. The U.S.
16-24 inhes Cast Aluminum Wheels:
The 16-24 inhes cast aluminum wheels are used for light to medium weight vehicles. The wheel is manufactured with a single piece of aluminum which is pressed and cut into the desired shape. It offers several advantages over steel or other metal wheels such as lightweight, better appearance, corrosion resistance and easy repairability.
Application Insights:
The passenger vehicle segment accounted for the largest share of over 70.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand from various passenger vehicles applications, such as light commercial vehicles (LCVs), heavy-duty trucks (HDT) and buses. In addition, technological advancements in cast aluminum wheels have also paved way for their use in passenger cars, thereby driving market growth across regions.
Cast aluminum wheels offer several benefits including lightweight; hence they reduce fuel consumption by reducing the weight of engine compartment; they are also cheaper than steel or alloy wheel counterparts; lastly, these offer better performance characteristics than steel or alloys when it comes to temperature changes & shock absorption resulting into a overall improved ride quality experience for passengers traveling in cars & LCVs.
Regional Analysis:
The market in North America is anticipated to witness significant growth over the forecast period owing to increasing demand for passenger cars and light trucks. The growing popularity of electric vehicles is expected to further boost the regional market growth. In addition, rising investments by major companies in R&D activities are likely to create new opportunities for industry expansion.
Asia Pacific dominated the global cast aluminum wheels market with a revenue share of more than 60% in 2017 owing to rapid industrialization and urbanization resulting into increased automobile production worldwide, especially in China, India, Japan and South Korea. Moreover, favorable government policies encouraging domestic manufacturing are expected drive regional product demand over the next eight years.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in passenger cars is expected to drive the demand for cast aluminum wheels, as they are lighter than steel wheels.
- Rising popularity of luxury cars: The increasing adoption of luxury cars across the globe is also expected to boost the demand for cast aluminum wheels, as these vehicles require high-quality components.
- Growing automotive production in developing countries: The rising automotive production in developing countries such as China and India is projected to create lucrative opportunities for cast aluminum wheel manufacturers.
- Technological advancements: With technological advancements, the quality and performance of cast aluminum wheels are improving, which is likely to fuel their demand over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cast Aluminum Wheels Market Research Report
By Type
Under 16 inches Cast Aluminum Wheels, 16-24 inhes Cast Aluminum Wheels, 25-36 inches Cast Aluminum Wheels, Other
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Maxion Wheels, CMWA, Superior Industries, Ronal Group, Alcoa, ACME, Enkei Wheels India Ltd, Accuride Corporation, UNITED WHEELS GROUP, BORBET GmbH, Maxion Wheels, Inovit Inc, Gemsy, Hongxin, MHT Wheels, Nordwheel, CFW, Xinfa, Jinfei, Wanfeng
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Cast Aluminum Wheels Market Report Segments:
The global Cast Aluminum Wheels market is segmented on the basis of:
Types
Under 16 inches Cast Aluminum Wheels, 16-24 inhes Cast Aluminum Wheels, 25-36 inches Cast Aluminum Wheels, 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
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:
- Maxion Wheels
- CMWA
- Superior Industries
- Ronal Group
- Alcoa
- ACME
- Enkei Wheels India Ltd
- Accuride Corporation
- UNITED WHEELS GROUP
- BORBET GmbH
- Maxion Wheels
- Inovit Inc
- Gemsy
- Hongxin
- MHT Wheels
- Nordwheel
- CFW
- Xinfa
- Jinfei
- Wanfeng
Highlights of The Cast Aluminum 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:
- Under 16 inches Cast Aluminum Wheels
- 16-24 inhes Cast Aluminum Wheels
- 25-36 inches Cast Aluminum Wheels
- Other
- 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 Cast Aluminum 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?
Cast aluminum wheels are made from a single piece of metal that is then machined into the desired shape. This process results in a wheel that is lighter and stronger than traditional steel or alloy wheels. Cast aluminum also has a smoother finish than other types of wheels, which makes them easier to clean and maintain.
Some of the key players operating in the cast aluminum wheels market are Maxion Wheels, CMWA, Superior Industries, Ronal Group, Alcoa, ACME, Enkei Wheels India Ltd, Accuride Corporation, UNITED WHEELS GROUP, BORBET GmbH, Maxion Wheels, Inovit Inc, Gemsy, Hongxin, MHT Wheels, Nordwheel, CFW, Xinfa, Jinfei, Wanfeng.
The cast aluminum wheels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cast Aluminum 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 Cast Aluminum Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cast Aluminum 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 Cast Aluminum 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 Cast Aluminum Wheels Market Size & Forecast, 2018-2028
4.5.1 Cast Aluminum Wheels Market Size and Y-o-Y Growth
4.5.2 Cast Aluminum Wheels Market Absolute $ Opportunity
Chapter 5 Global Cast Aluminum 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 Cast Aluminum Wheels Market Size Forecast by Type
5.2.1 Under 16 inches Cast Aluminum Wheels
5.2.2 16-24 inhes Cast Aluminum Wheels
5.2.3 25-36 inches Cast Aluminum Wheels
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cast Aluminum 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 Cast Aluminum Wheels Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cast Aluminum 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 Cast Aluminum 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 Cast Aluminum Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Cast Aluminum 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 Cast Aluminum Wheels Market Size Forecast by Type
9.6.1 Under 16 inches Cast Aluminum Wheels
9.6.2 16-24 inhes Cast Aluminum Wheels
9.6.3 25-36 inches Cast Aluminum Wheels
9.6.4 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 Cast Aluminum Wheels Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Cast Aluminum Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Cast Aluminum 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 Cast Aluminum Wheels Market Size Forecast by Type
10.6.1 Under 16 inches Cast Aluminum Wheels
10.6.2 16-24 inhes Cast Aluminum Wheels
10.6.3 25-36 inches Cast Aluminum Wheels
10.6.4 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 Cast Aluminum Wheels Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Cast Aluminum Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cast Aluminum 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 Cast Aluminum Wheels Market Size Forecast by Type
11.6.1 Under 16 inches Cast Aluminum Wheels
11.6.2 16-24 inhes Cast Aluminum Wheels
11.6.3 25-36 inches Cast Aluminum Wheels
11.6.4 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 Cast Aluminum Wheels Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Cast Aluminum Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Cast Aluminum 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 Cast Aluminum Wheels Market Size Forecast by Type
12.6.1 Under 16 inches Cast Aluminum Wheels
12.6.2 16-24 inhes Cast Aluminum Wheels
12.6.3 25-36 inches Cast Aluminum Wheels
12.6.4 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 Cast Aluminum Wheels Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Cast Aluminum Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cast Aluminum 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) Cast Aluminum Wheels Market Size Forecast by Type
13.6.1 Under 16 inches Cast Aluminum Wheels
13.6.2 16-24 inhes Cast Aluminum Wheels
13.6.3 25-36 inches Cast Aluminum Wheels
13.6.4 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) Cast Aluminum Wheels Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Cast Aluminum Wheels Market: Competitive Dashboard
14.2 Global Cast Aluminum Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Maxion Wheels
14.3.2 CMWA
14.3.3 Superior Industries
14.3.4 Ronal Group
14.3.5 Alcoa
14.3.6 ACME
14.3.7 Enkei Wheels India Ltd
14.3.8 Accuride Corporation
14.3.9 UNITED WHEELS GROUP
14.3.10 BORBET GmbH
14.3.11 Maxion Wheels
14.3.12 Inovit Inc
14.3.13 Gemsy
14.3.14 Hongxin
14.3.15 MHT Wheels
14.3.16 Nordwheel
14.3.17 CFW
14.3.18 Xinfa
14.3.19 Jinfei
14.3.20 Wanfeng
