Market Overview:
Wheel studs are threaded fasteners that secure a wheel to a vehicle. Wheel studs come in different types- screw-in, press-in, and welded-in. The type of wheel stud used depends on the application and the region. Screw-in wheel studs are used in North America, Latin America, and Europe. Press-in wheel studs are used in Asia Pacific and Middle East & Africa. Welded-in wheel studs are used in North America only. The global Wheel Studs market is expected to grow at a CAGR of 5% from 2018 to 2030.
Product Definition:
Wheel studs are threaded bolts that protrude from the hub of a wheel and are used to secure the wheel to the vehicle. Wheel studs are important because they provide a strong connection between the wheel and hub, which helps to ensure safe driving conditions.
Screw-in Wheel Studs:
Screw-in wheel studs are used in the manufacturing of wheels for trucks, cars, and other vehicles. They are also used in agricultural equipment such as tractors and harvesters to provide secure mounting for tires. The growth factor that propels the market is increasing demand from end-user industries including automotive & transportation and construction among others.
Press-in Wheel Studs:
Press-in wheel studs are used in applications where a regular hexagonal nut is not strong enough to support the weight of the wheel. In such cases, press-in wheel studs can be used as an alternative to hexagonal nuts. Press-in type wheels have become popular in recent years and their use has increased due to increasing demand for lightweight vehicles all over the world.
Application Insights:
The original equipment manufacturer (OEM) segment dominated the global wheel studs market in 2017. The dominance is attributed to the growing importance of vehicle components and their rising standard across the globe. Wheel studs are majorly used in vehicles as they provide support to wheels, prevent them from moving forward or backward, and also keep them aligned correctly. As a result, OEMs have been focusing on improving their product range by including new features and functionalities while keeping in mind end-user requirements.
For instance, Mercedes-Benz has introduced LED light rings for its cars that indicate when a door is open or closed with an audible chime feature.
Regional Analysis:
Asia Pacific dominated the global wheel studs market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing automotive production in countries, such as India, Japan, South Korea and China. In addition, rising disposable income levels of consumers and improving standards of living are likely to contribute towards increased sales volumes over the next eight years.
The European region accounted for a significant share of revenue in 2017 owing to high demand from Original Equipment Manufacturers (OEMs). The region has been witnessing an increase in automobile production since past few years on account of economic growth and low manufacturing cost coupled with easy access to technology & skilled labor force. Moreover, stringent government regulations regarding vehicle safety & performance are anticipated boost product demand across this region during the forecast period.
Growth Factors:
- Increasing demand for wheel studs from the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Growing demand for wheel studs in emerging markets due to the increasing disposable income and growth in the automotive sector.
- Rising popularity of lightweight vehicles, which require lighter but stronger wheel studs for optimum performance.
- Technological advancements that have led to the development of new and improved types of wheel studs, such as those made from titanium or aluminum alloys, that are stronger and lighter than traditional steel-based models.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheel Studs Market Research Report
By Type
Screw-in Wheel Studs, Press-in Wheel Studs, Welded-in Wheel Studs
By Application
Original Equipment Manufacturer, Aftermarket
By Companies
KAMAX Holding, Elgin Fastener Group, McGee, Superbolt, B & D. Thread Rolling, Valley Forge & Bolt Manufacturing, Beachlawn, Summit Tool, Slidematic Industries
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Wheel Studs Market Report Segments:
The global Wheel Studs market is segmented on the basis of:
Types
Screw-in Wheel Studs, Press-in Wheel Studs, Welded-in Wheel Studs
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
Original Equipment Manufacturer, Aftermarket
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:
- KAMAX Holding
- Elgin Fastener Group
- McGee
- Superbolt
- B & D. Thread Rolling
- Valley Forge & Bolt Manufacturing
- Beachlawn
- Summit Tool
- Slidematic Industries
Highlights of The Wheel Studs 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:
- Screw-in Wheel Studs
- Press-in Wheel Studs
- Welded-in Wheel Studs
- By Application:
- Original Equipment Manufacturer
- Aftermarket
- 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 Studs 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 studs are metal or plastic pieces that are inserted into the wheel hub to hold the wheel in place.
Some of the major companies in the wheel studs market are KAMAX Holding, Elgin Fastener Group, McGee, Superbolt, B & D. Thread Rolling, Valley Forge & Bolt Manufacturing, Beachlawn, Summit Tool, Slidematic Industries.
The wheel studs market is expected to grow at a compound annual growth rate of 5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wheel Studs 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 Studs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wheel Studs Market - Supply Chain
4.5. Global Wheel Studs Market Forecast
4.5.1. Wheel Studs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wheel Studs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wheel Studs Market Absolute $ Opportunity
5. Global Wheel Studs 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 Studs Market Size and Volume Forecast by Type
5.3.1. Screw-in Wheel Studs
5.3.2. Press-in Wheel Studs
5.3.3. Welded-in Wheel Studs
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wheel Studs 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 Studs Market Size and Volume Forecast by Application
6.3.1. Original Equipment Manufacturer
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wheel Studs 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 Studs 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 Studs 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 Studs 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 Studs Demand Share Forecast, 2019-2026
9. North America Wheel Studs 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 Studs 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 Studs Market Size and Volume Forecast by Application
9.4.1. Original Equipment Manufacturer
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wheel Studs Market Size and Volume Forecast by Type
9.7.1. Screw-in Wheel Studs
9.7.2. Press-in Wheel Studs
9.7.3. Welded-in Wheel Studs
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 Studs Demand Share Forecast, 2019-2026
10. Latin America Wheel Studs 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 Studs 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 Studs Market Size and Volume Forecast by Application
10.4.1. Original Equipment Manufacturer
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wheel Studs Market Size and Volume Forecast by Type
10.7.1. Screw-in Wheel Studs
10.7.2. Press-in Wheel Studs
10.7.3. Welded-in Wheel Studs
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 Studs Demand Share Forecast, 2019-2026
11. Europe Wheel Studs 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 Studs 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 Studs Market Size and Volume Forecast by Application
11.4.1. Original Equipment Manufacturer
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wheel Studs Market Size and Volume Forecast by Type
11.7.1. Screw-in Wheel Studs
11.7.2. Press-in Wheel Studs
11.7.3. Welded-in Wheel Studs
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market 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 Studs Demand Share, 2019-2026
12. Asia Pacific Wheel Studs 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 Studs 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 Studs Market Size and Volume Forecast by Application
12.4.1. Original Equipment Manufacturer
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wheel Studs Market Size and Volume Forecast by Type
12.7.1. Screw-in Wheel Studs
12.7.2. Press-in Wheel Studs
12.7.3. Welded-in Wheel Studs
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 Studs Demand Share, 2019-2026
13. Middle East & Africa Wheel Studs 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 Studs 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 Studs Market Size and Volume Forecast by Application
13.4.1. Original Equipment Manufacturer
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wheel Studs Market Size and Volume Forecast by Type
13.7.1. Screw-in Wheel Studs
13.7.2. Press-in Wheel Studs
13.7.3. Welded-in Wheel Studs
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 Studs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wheel Studs Market: Market Share Analysis
14.2. Wheel Studs Distributors and Customers
14.3. Wheel Studs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KAMAX Holding
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elgin Fastener Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. McGee
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Superbolt
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. B & D. Thread Rolling
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valley Forge & Bolt Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Beachlawn
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Summit Tool
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Slidematic Industries
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
