Market Overview:
The global SUV 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 growth of the global SUV steel wheel market can be attributed to the increasing demand for SUVs across the globe. Additionally, factors such as rising disposable income and changing lifestyle preferences are also propelling the growth of the global SUV steel wheel market. On basis of type, casting segment is anticipated to account for a major share in terms of revenue in 2018 and is expected to maintain its dominance throughout 2030. Casting segment is projected to register highest CAGR over forecast period owing to growing demand for lightweight wheels with superior quality and performance from consumers across globe. On basis of application, 5 seats SUV segment accounted for majority share in 2017 and it is anticipated that this trend would continue throughout forecast period due increased adoption rate SUVs with five seats capacity globally .
Product Definition:
A steel wheel is a basic component of an SUV. It is a circular metal disk with a hole in the middle that attaches to the axle and provides traction for the vehicle. The importance of a steel wheel lies in its ability to withstand heavy loads and resist wear and tear.
Casting:
Casting is the process of making a mold or pattern to make a duplicate of some part or product. It is used in various industries such as automotive, construction, and consumer goods for mass production. The most commonly cast products are wheels, bottles/jug and cans.
The global SUV steel wheel market size was valued at USD 1.6 billion in 2016.
Forging:
Forging is a process of manufacturing steel wheel by applying extreme heat to the raw materials such as iron and steel. In this process, the impurities are separated from the metal through a series of heating and cooling cycles. The end product consists of an outer layer of carbonized iron with an inner core of molten metal that has been transformed into high-quality round stock material.
Application Insights:
5 seats SUV accounted for the largest share of over 50.0% in 2017. The segment is expected to witness significant growth on account of increasing demand from countries, such as India, China and Brazil owing to growing middle-class population and rapid urbanization. Furthermore, stringent government regulations regarding passenger safety are anticipated to further propel the demand for 5 seats SUV over the forecast period.
7 seat SUV is expected to be the fastest-growing application segment with a CAGR of XX% from 2018 to 2030 due largelyto increased interior space required by larger drivers and passengers groups coupled with enhanced driving dynamics that provide greater comfort during long journeys at high speeds on rough roads or paths compared with 5 seaters which are widely used across various regions including Asia Pacific.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to high demand from developing countries such as India, China, and Indonesia. Moreover, rising disposable income coupled with increasing sales of premium cars is projected to drive product demand over the next eight years.
North America held a significant share in terms of revenue and is expected to grow at an estimated CAGR exceeding 3% from 2018 to 2030 due mainly on increased production facilities by key players including General Motors Company; Ford Motor Company; Toyota Industries Corporation; Mazda Motor Corporation; Honda Motor Co., Ltd.; Nissan Diesel Co., Ltd.; Hyundai Mobis Inc.; Isuzu Motors Ltd.; Tata Motors Limited; Mahindra & Mahindra Limited; Volkswagen Group GmbH &Co.
Growth Factors:
- Increasing demand for SUVs from emerging markets: The SUV steel 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 steel 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 innovative and lightweight SUV steel wheels, which is further propelling the growth of this market.
- Growing popularity of off-road driving: Off-road driving is gaining popularity among consumers, which is resulting in an increase in demand for SUVs equipped with sturdy steel wheels that can handle rough terrains easily.
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV Steel 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, 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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global SUV Steel Wheel Market Report Segments:
The global SUV 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
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
- Accuride
- Steel Strips Wheels
Highlights of The SUV Steel 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 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.
How you may use our products:
- Correctly Positioning New Products
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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 steel wheel is a type of wheel made from steel. It is heavier than other types of wheels, which makes it better for off-road use.
Some of the major companies in the suv 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 SUV 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 SUV Steel Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 SUV 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 SUV 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 SUV Steel Wheel Market Size & Forecast, 2018-2028 4.5.1 SUV Steel Wheel Market Size and Y-o-Y Growth 4.5.2 SUV Steel Wheel Market Absolute $ Opportunity
Chapter 5 Global SUV 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 SUV 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 SUV 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 SUV Steel 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 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 SUV 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 SUV Steel Wheel Analysis and Forecast
9.1 Introduction
9.2 North America SUV 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 SUV 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 SUV Steel 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 Steel Wheel Analysis and Forecast
10.1 Introduction
10.2 Europe SUV 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 SUV 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 SUV Steel 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 Steel Wheel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SUV 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 SUV 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 SUV Steel 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 Steel Wheel Analysis and Forecast
12.1 Introduction
12.2 Latin America SUV 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 SUV 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 SUV Steel 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 Steel Wheel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SUV 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) SUV 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) SUV Steel 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 Steel Wheel Market: Competitive Dashboard
14.2 Global SUV 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