Market Overview:
The global SUV aluminum alloy 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 SUVs across the globe. The casting segment is expected to account for a major share of the global SUV aluminum alloy wheel market in 2018. This can be attributed to the growing demand for lightweight wheels that offer better fuel efficiency and performance. The forging segment is projected to register highest CAGR during the forecast period owing to its properties such as high strength-to-weight ratio and corrosion resistance. In terms of application, 5 seat SUVs are expected to account for majority share of the global SUV aluminum alloy wheel market in 2018 followed by 7 seat SUVs.
Product Definition:
An SUV aluminum alloy wheel is a type of vehicle wheel that is made from an aluminum alloy. SUV aluminum alloy wheels are important because they provide a number of benefits for vehicles, including improved fuel economy, lighter weight, and better performance.
Casting:
Casting is the process of making a mold or pattern to create an object. It is used in various industries such as automotive, construction, and electrical & electronics. In the casting process, liquid metal or other materials are forced through a die to form an exact copy of the desired shape.
Forging:
Forging is a manufacturing process where the metal is heated and bent, then it's cooled to make it flexible. The metal continues to cool while being bent, creating the desired shape. There are various types of forgery including die forging, pressure forging, squeeze forged (pigging), hot forming and cold forming.
Application Insights:
5 Seats SUV accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The segment is driven by growing demand for light vehicles with five seats from government as well as non-government offices, which are commonly referred to as ¢â‚¬Ëœwork trucks¢â‚¬â„¢ or ¢â‚¬Å“light commercial vehicles (LCVs). These vehicles have higher seating capacity than other types of SUVs and are therefore preferred for long journeys. Furthermore, increasing utilization of 5-seaters in developed countries such as U.S., Canada, Germany and France is expected to drive the segment further.
7 seat SUV was the second largest application segment accounting for 29% market share in terms of volume in 2017 owing to increased utilization across end-use industries including construction, transport & logistics.
Regional Analysis:
The Asia Pacific dominated the global market in terms of both volume and revenue in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for luxury vehicles, which are manufactured using forged aluminum alloy wheels. In addition, rising disposable income levels among consumers will boost sales of premium cars, thereby supporting industry growth during the forecast period.
Europe accounted for a significant share of global market in 2017 owing to high demand from Audi, BMW and Mercedes Benz owners across countries including Germany, Italy and U.K., among others.
Growth Factors:
- Increasing demand for SUVs from emerging markets: The SUV aluminum alloy wheel market is expected to grow at a high rate in the coming years, owing to the increasing demand for SUVs from emerging markets such as China and India.
- Rising disposable income of consumers: The growth of the SUV aluminum alloy wheel market is also attributed to the rising disposable income of consumers, which has led to an increase in their purchasing power.
- Technological advancements: The advancement in technology has resulted in the development of lightweight and stronger aluminum alloys, which are being used increasingly in the manufacture of SUV aluminum alloy wheels. This is further propelling the growth of this market.
- Growing popularity of luxury SUVs: There is a growing trend among consumers towards purchasing luxury SUVs, which are equipped with high-end features and advanced technologies. This is resulting in an increase in demand for SUV aluminum alloy wheels, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV Aluminum Alloy Wheel Market Research Report
By Type
Casting, Forging, Other
By Application
5 Seats SUV, 7 Seat SUV, Other
By Companies
CITIC Dicastal, Borbet, Ronal Wheels, Superior Industries, Enkei Wheels, Lizhong Group, Wanfeng Auto, Iochpe-Maxion, Zhejiang Jinfei Holding Group, Topy Group, Zhongnan Aluminum Wheels, 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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global SUV Aluminum Alloy Wheel Market Report Segments:
The global SUV Aluminum Alloy 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
5 Seats SUV, 7 Seat SUV, 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:
- CITIC Dicastal
- Borbet
- Ronal Wheels
- Superior Industries
- Enkei Wheels
- Lizhong Group
- Wanfeng Auto
- Iochpe-Maxion
- Zhejiang Jinfei Holding Group
- Topy Group
- Zhongnan Aluminum Wheels
- Accuride
- Steel Strips Wheels
Highlights of The SUV Aluminum Alloy 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:
- Casting
- Forging
- Other
- By Application:
- 5 Seats SUV
- 7 Seat SUV
- 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 SUV Aluminum Alloy 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
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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?
SUV aluminum alloy wheels are made from a lightweight and strong aluminum alloy. They are designed to provide superior performance and handling in off-road vehicles.
Some of the key players operating in the suv aluminum alloy wheel market are CITIC Dicastal, Borbet, Ronal Wheels, Superior Industries, Enkei Wheels, Lizhong Group, Wanfeng Auto, Iochpe-Maxion, Zhejiang Jinfei Holding Group, Topy Group, Zhongnan Aluminum Wheels, Accuride, Steel Strips Wheels.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Size & Forecast, 2018-2028
4.5.1 SUV Aluminum Alloy Wheel Market Size and Y-o-Y Growth
4.5.2 SUV Aluminum Alloy Wheel Market Absolute $ Opportunity
Chapter 5 Global SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Size Forecast by Applications
6.2.1 5 Seats SUV
6.2.2 7 Seat SUV
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Analysis and Forecast
9.1 Introduction
9.2 North America SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Size Forecast by Applications
9.10.1 5 Seats SUV
9.10.2 7 Seat SUV
9.10.3 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 SUV Aluminum Alloy Wheel Analysis and Forecast
10.1 Introduction
10.2 Europe SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Size Forecast by Applications
10.10.1 5 Seats SUV
10.10.2 7 Seat SUV
10.10.3 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 SUV Aluminum Alloy Wheel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Size Forecast by Applications
11.10.1 5 Seats SUV
11.10.2 7 Seat SUV
11.10.3 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 SUV Aluminum Alloy Wheel Analysis and Forecast
12.1 Introduction
12.2 Latin America SUV Aluminum Alloy 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 SUV Aluminum Alloy 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 SUV Aluminum Alloy Wheel Market Size Forecast by Applications
12.10.1 5 Seats SUV
12.10.2 7 Seat SUV
12.10.3 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) SUV Aluminum Alloy Wheel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SUV Aluminum Alloy 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) SUV Aluminum Alloy 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) SUV Aluminum Alloy Wheel Market Size Forecast by Applications
13.10.1 5 Seats SUV
13.10.2 7 Seat SUV
13.10.3 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 SUV Aluminum Alloy Wheel Market: Competitive Dashboard
14.2 Global SUV Aluminum Alloy 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 Zhongnan Aluminum Wheels
14.3.12 Accuride
14.3.13 Steel Strips Wheels
