Market Overview:
Wheel center caps are the covers fitted on the center of a vehicle wheel to hide the lug nuts and add an aesthetic appeal. Wheel center caps come in different types such as bolt-on type, push-in type, screw-in type, and snap-in type. The global wheel center caps market is expected to grow at a CAGR of 5.5% during the forecast period 2018–2030. The growth of this market is mainly attributed to increasing demand for passenger vehicles and commercial vehicles across the globe. The global wheel center caps market by type is segmented into bolt-on type, push-in type, screw-in type, and snap-intype segments.
Product Definition:
A wheel center cap is a disk-shaped cover that fits over the central hub of a wheel. It may be made from metal, plastic, or composites. Wheel center caps are used to protect the wheel's hub and bearings from dirt and debris, and they can also enhance the appearance of a vehicle's wheels. Some center caps feature logos or other designs that add visual interest.
Bolt-on Type:
Bolt-on type is a method of securing wheel accessories to the vehicle's hub. It is also known as direct mounting, because every component is directly mounted to the car's structure without any fasteners. This system offers several advantages such as ease of installation and no loss of strength or integrity due to bad connections or weak points in the assembly.
The bolt-on type has been gaining popularity among enthusiasts.
Push-in Type:
The push-in type is used to seat the wheel on the hub and it has a lip that seats into a notches in the hub. The design of this cap is such that it can be installed with ease irrespective of its position in the wheel. It also helps in saving space as compared to other caps, which are used for covering both types of discs (brake and non-brake).
Application Insights:
The commercial vehicles segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing use of trucks, buses, and other forms of passenger vehicles for commercial purposes such as transporting goods from one place to another. Moreover, growing demand for replacement wheel center caps in these types of vehicles is also responsible for driving the overall market growth.
The passenger vehicle segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising consumer preference towards premium quality products especially aftermarket accessories that enhance their vehicle¢â‚¬â„¢s appearance and improve its handling characteristics at a reasonable price point along with providing better protection against road debris and weather conditions such as rain & snow etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for performance vehicles and rising adoption of luxury cars. In addition, growing popularity of customizing vehicle interiors is projected to drive product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth from 2018 to 2030 due to increasing number of manufacturers and suppliers as well as rising automotive production in countries such as China, India, Japan, South Korea & Taiwan. Moreover, rapid urbanization coupled with growing population has resulted in increased sales volume for commercial vehicles which will propel market growth over the coming years.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for luxury and customized products: The global Wheel Center Caps market is witnessing a rise in demand for luxury and customized products. This is mainly due to the increase in disposable income of consumers, coupled with the growing trend of customization among consumers.
- Rising popularity of sports cars: The popularity of sports cars is increasing at a rapid pace, globally. This is leading to an increase in the demand for Wheel Center Caps that are designed specifically for sports cars.
- Technological advancements: The global Wheel Center Caps market is witnessing significant advancements in terms of technology and design trends. This has led to an increase in the demand for innovative and stylish center caps from consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheel Center Caps Market Research Report
By Type
Bolt-on Type, Push-in Type, Screw-in Type, Snap-in Type
By Application
Commercial Vehicles, Passenger Vehicles
By Companies
Surindra Auto Industries, Original Parts Group (OPGI), Goodmark, Original Equipment Reproduction (OER), Torxe, Trim Parts, Rugged Ridge
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Wheel Center Caps Market Report Segments:
The global Wheel Center Caps market is segmented on the basis of:
Types
Bolt-on Type, Push-in Type, Screw-in Type, Snap-in Type
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
Commercial Vehicles, Passenger Vehicles
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:
- Surindra Auto Industries
- Original Parts Group (OPGI)
- Goodmark
- Original Equipment Reproduction (OER)
- Torxe
- Trim Parts
- Rugged Ridge
Highlights of The Wheel Center Caps 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:
- Bolt-on Type
- Push-in Type
- Screw-in Type
- Snap-in Type
- By Application:
- Commercial Vehicles
- Passenger Vehicles
- 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 Wheel Center Caps 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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- Consumer Insights
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- Product & Brand Management
- Channel & Customer 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?
Wheel center caps are a type of accessory that is typically installed on the front and/or rear wheels of a vehicle. They are designed to protect the wheel from scratches, dents, and other damage.
Some of the key players operating in the wheel center caps market are Surindra Auto Industries, Original Parts Group (OPGI), Goodmark, Original Equipment Reproduction (OER), Torxe, Trim Parts, Rugged Ridge.
The wheel center caps market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wheel Center Caps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wheel Center Caps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wheel Center Caps Market - Supply Chain
4.5. Global Wheel Center Caps Market Forecast
4.5.1. Wheel Center Caps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wheel Center Caps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wheel Center Caps Market Absolute $ Opportunity
5. Global Wheel Center Caps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wheel Center Caps Market Size and Volume Forecast by Type
5.3.1. Bolt-on Type
5.3.2. Push-in Type
5.3.3. Screw-in Type
5.3.4. Snap-in Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wheel Center Caps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wheel Center Caps Market Size and Volume Forecast by Application
6.3.1. Commercial Vehicles
6.3.2. Passenger Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wheel Center Caps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wheel Center Caps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wheel Center Caps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wheel Center Caps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wheel Center Caps Demand Share Forecast, 2019-2026
9. North America Wheel Center Caps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wheel Center Caps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wheel Center Caps Market Size and Volume Forecast by Application
9.4.1. Commercial Vehicles
9.4.2. Passenger Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wheel Center Caps Market Size and Volume Forecast by Type
9.7.1. Bolt-on Type
9.7.2. Push-in Type
9.7.3. Screw-in Type
9.7.4. Snap-in Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wheel Center Caps Demand Share Forecast, 2019-2026
10. Latin America Wheel Center Caps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wheel Center Caps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wheel Center Caps Market Size and Volume Forecast by Application
10.4.1. Commercial Vehicles
10.4.2. Passenger Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wheel Center Caps Market Size and Volume Forecast by Type
10.7.1. Bolt-on Type
10.7.2. Push-in Type
10.7.3. Screw-in Type
10.7.4. Snap-in Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wheel Center Caps Demand Share Forecast, 2019-2026
11. Europe Wheel Center Caps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wheel Center Caps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wheel Center Caps Market Size and Volume Forecast by Application
11.4.1. Commercial Vehicles
11.4.2. Passenger Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wheel Center Caps Market Size and Volume Forecast by Type
11.7.1. Bolt-on Type
11.7.2. Push-in Type
11.7.3. Screw-in Type
11.7.4. Snap-in Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wheel Center Caps Demand Share, 2019-2026
12. Asia Pacific Wheel Center Caps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wheel Center Caps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wheel Center Caps Market Size and Volume Forecast by Application
12.4.1. Commercial Vehicles
12.4.2. Passenger Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wheel Center Caps Market Size and Volume Forecast by Type
12.7.1. Bolt-on Type
12.7.2. Push-in Type
12.7.3. Screw-in Type
12.7.4. Snap-in Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wheel Center Caps Demand Share, 2019-2026
13. Middle East & Africa Wheel Center Caps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wheel Center Caps Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wheel Center Caps Market Size and Volume Forecast by Application
13.4.1. Commercial Vehicles
13.4.2. Passenger Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wheel Center Caps Market Size and Volume Forecast by Type
13.7.1. Bolt-on Type
13.7.2. Push-in Type
13.7.3. Screw-in Type
13.7.4. Snap-in Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wheel Center Caps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wheel Center Caps Market: Market Share Analysis
14.2. Wheel Center Caps Distributors and Customers
14.3. Wheel Center Caps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Surindra Auto Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Original Parts Group (OPGI)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Goodmark
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Original Equipment Reproduction (OER)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Torxe
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Trim Parts
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rugged Ridge
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
