Market Overview:
The global spoked handwheels 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 spoked handwheels from various end-use industries, such as industrial machines, food equipment, medical devices, and others. In addition, the growing awareness about safety and ergonomics is also propelling the demand for spoked handwheels across different regions. Based on type, the global spoked handwheels market can be segmented into aluminium spoked handwheels, stainless steel spoked handwheels, cast iron spooked hand wheels and composite plastic Spooked Hand Wheels. Among these segments, aluminium Spooked Hand Wheels are expected to witness highest growth during the forecast period owing to its properties such as corrosion resistance and lightweight nature. Composite plastic Spooked Hand Wheels are also anticipated to witness high growth rate over other types due to their properties such as durability and low weight. Based on application type ,the global spokeed wheelmarket can be divided into industrial machines ,food equipment ,medical device sand other applications .Among these segmentsindustrial machines helds a dominant share in 2017and is projectedto maintain its lead throughoutthe forecastperiod .
Product Definition:
A handwheel is a type of wheel that is turned by hand. It has spokes (thin metal or plastic rods) radiating from the center to the edge of the wheel.
Aluminium Spoked Handwheels:
Handwheels are used in automobiles to provide directional control and stability while turning, braking or accelerating. The design of the wheel depends on the application it is used for. For instance, a racing car requires lightweight wheels with high strength and durability; an economy car may require low cost and basic design characteristics such as round or hexagonal shape.
Stainless Steel Spoked Handwheels:
Stainless steel spun handwheels are used in the automotive industry to transmit torque from the engine to drive the vehicle's wheels. They are also known as clutch handwheel or power-driven handwheel. It is a type of gear that is generally mounted on an automobile transmission and brake band that helps in changing gears by reducing or increasing speed while driving.
Application Insights:
The global market is segmented by application into industrial machine, food equipment, medical device, and others. The other applications include transportation equipment and machinery such as railway vehicles and aircraft. Industrial machinery held the largest share of over 50% in 2017 owing to the growing demand for metal machined products in construction industries worldwide.
The growth of the construction industry particularly in developing countries like India & China is expected to boost product demand from 2018 to 2030. In addition, increasing investments for infrastructure development especially across emerging markets including Brazil & Mexico are anticipated to propel market growth over the forecast period.
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 demand from countries such as China, India, Japan, and South Korea. In addition, rising disposable income coupled with a growing population will drive the regional market further.
The Asia Pacific region is also home to some of the major manufacturers who are expanding their production capabilities across various industries including food & beverage processing equipment; metal manufacturing; textile machinery; printing presses etc., which will boost product demand in near future.
Europe was another key contributor towards industry growth owing to high machine tool usage for machining different parts on machines such as milling machines and drilling machines used in automotive components among others for producing final products required by consumers globally.
Growth Factors:
- Increasing demand for handwheels in the automotive and aerospace industries
- Growing popularity of spoked handwheels in the custom bike market
- Advances in manufacturing technology that improve the quality and durability of handwheels
- Rising demand for lightweight, high-performance handwheels from racing enthusiasts
- Increasing use of spoked handwheels in industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Spoked Handwheels Market Research Report
By Type
Aluminium Spoked Handwheels, Stainless Steel Spoked Handwheels, Cast Iron Spoked Handwheels, Composite Plastic Spoked Handwheels
By Application
Industrial Machine, Food Equipment, Medical Device, Other
By Companies
ELESA S.p.A., GAMM, J.W. Winco, Heinrich Kipp Werk, Otto Ganter, Essentra Components, Vital Parts ltd, Boteco, TECNODIN, SAF S.R.L., NBK, Monroe Engineering Products, Morton Machine Works, Halder, Perfect Corporation
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 Spoked Handwheels Market Report Segments:
The global Spoked Handwheels market is segmented on the basis of:
Types
Aluminium Spoked Handwheels, Stainless Steel Spoked Handwheels, Cast Iron Spoked Handwheels, Composite Plastic Spoked Handwheels
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
Industrial Machine, Food Equipment, Medical Device, Other
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:
- ELESA S.p.A.
- GAMM
- J.W. Winco
- Heinrich Kipp Werk
- Otto Ganter
- Essentra Components
- Vital Parts ltd
- Boteco
- TECNODIN
- SAF S.R.L.
- NBK
- Monroe Engineering Products
- Morton Machine Works
- Halder
- Perfect Corporation
Highlights of The Spoked Handwheels 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:
- Aluminium Spoked Handwheels
- Stainless Steel Spoked Handwheels
- Cast Iron Spoked Handwheels
- Composite Plastic Spoked Handwheels
- By Application:
- Industrial Machine
- Food Equipment
- Medical Device
- Other
- 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 Spoked Handwheels 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Spoked handwheels are a type of bicycle wheel with spokes. They were first invented in the early 1800s and became popular because they made bicycles more stable.
Some of the major players in the spoked handwheels market are ELESA S.p.A., GAMM, J.W. Winco, Heinrich Kipp Werk, Otto Ganter, Essentra Components, Vital Parts ltd, Boteco, TECNODIN, SAF S.R.L., NBK, Monroe Engineering Products, Morton Machine Works, Halder, Perfect Corporation.
The spoked handwheels 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 Spoked Handwheels 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 Spoked Handwheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spoked Handwheels 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 Spoked Handwheels 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 Spoked Handwheels Market Size & Forecast, 2020-2028
4.5.1 Spoked Handwheels Market Size and Y-o-Y Growth
4.5.2 Spoked Handwheels Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Aluminium Spoked Handwheels
5.2.2 Stainless Steel Spoked Handwheels
5.2.3 Cast Iron Spoked Handwheels
5.2.4 Composite Plastic Spoked Handwheels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial Machine
6.2.2 Food Equipment
6.2.3 Medical Device
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spoked Handwheels 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 Spoked Handwheels 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Aluminium Spoked Handwheels
9.6.2 Stainless Steel Spoked Handwheels
9.6.3 Cast Iron Spoked Handwheels
9.6.4 Composite Plastic Spoked Handwheels
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 Market Size Forecast by Applications
9.10.1 Industrial Machine
9.10.2 Food Equipment
9.10.3 Medical Device
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Aluminium Spoked Handwheels
10.6.2 Stainless Steel Spoked Handwheels
10.6.3 Cast Iron Spoked Handwheels
10.6.4 Composite Plastic Spoked Handwheels
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 Market Size Forecast by Applications
10.10.1 Industrial Machine
10.10.2 Food Equipment
10.10.3 Medical Device
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Aluminium Spoked Handwheels
11.6.2 Stainless Steel Spoked Handwheels
11.6.3 Cast Iron Spoked Handwheels
11.6.4 Composite Plastic Spoked Handwheels
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 Market Size Forecast by Applications
11.10.1 Industrial Machine
11.10.2 Food Equipment
11.10.3 Medical Device
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Aluminium Spoked Handwheels
12.6.2 Stainless Steel Spoked Handwheels
12.6.3 Cast Iron Spoked Handwheels
12.6.4 Composite Plastic Spoked Handwheels
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 Market Size Forecast by Applications
12.10.1 Industrial Machine
12.10.2 Food Equipment
12.10.3 Medical Device
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Aluminium Spoked Handwheels
13.6.2 Stainless Steel Spoked Handwheels
13.6.3 Cast Iron Spoked Handwheels
13.6.4 Composite Plastic Spoked Handwheels
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) Market Size Forecast by Applications
13.10.1 Industrial Machine
13.10.2 Food Equipment
13.10.3 Medical Device
13.10.4 Other
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 Spoked Handwheels Market: Competitive Dashboard
14.2 Global Spoked Handwheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ELESA S.p.A.
14.3.2 GAMM
14.3.3 J.W. Winco
14.3.4 Heinrich Kipp Werk
14.3.5 Otto Ganter
14.3.6 Essentra Components
14.3.7 Vital Parts ltd
14.3.8 Boteco
14.3.9 TECNODIN
14.3.10 SAF S.R.L.
14.3.11 NBK
14.3.12 Monroe Engineering Products
14.3.13 Morton Machine Works
14.3.14 Halder
14.3.15 Perfect Corporation
