Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Sedan and Hatchback Steel Wheel Market by Type (Casting, Forging, Other), By Application (Sedan, Hatchback) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Sedan and Hatchback Steel Wheel Market by Type (Casting, Forging, Other), By Application (Sedan, Hatchback) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 259527 4200 Automobile & Transportation 377 172 Pages 4.8 (48)
                                          

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.


Global Sedan and Hatchback Steel Wheel Industry Outlook


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:

  1. CITIC Dicastal
  2. Borbet
  3. Ronal Wheels
  4. Superior Industries
  5. Enkei Wheels
  6. Lizhong Group
  7. Wanfeng Auto
  8. Iochpe-Maxion
  9. Zhejiang Jinfei Holding Group
  10. Topy Group
  11. Accuride
  12. Steel Strips Wheels

Global Sedan and Hatchback Steel Wheel Market Overview


Highlights of The Sedan and Hatchback Steel 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. Casting
    2. Forging
    3. Other
  1. By Application:

    1. Sedan
    2. Hatchback
  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 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.

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Global Sedan and Hatchback Steel 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?


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

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