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Aluminum Alloy Wheels Market will register a 1.5% CAGR in terms of revenue, reach US$ 21100 million by 2023

 



(USGovernment-News.Com, August 02, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Aluminum Alloy Wheels market for 2018-2023.

Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.

The main consumption regions are also concentrated in the North America, Europe, Asia and Other. The aluminum alloy wheel’s consumption has great relationship in the automotive production volume. Currently, it is mainly installed in the passenger vehicle.

The import and export volume is very large, China has very large export ratio. Currently, the aluminum alloy wheel has a certain degree of anti-dumping phenomenon.

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In the future, the aluminum alloy wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weaken. The installed rate in the commercial vehicle will increase.

Over the next five years, Aluminum Alloy Wheels will register a 1.5% CAGR in terms of revenue, reach US$ 21100 million by 2023, from US$ 19300 million in 2017.



This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Alloy Wheels market by product type, application, key manufacturers and key regions.



To calculate the market size, value and volume generated from the sales of the following segments:



Segmentation by product type:

Casting

Forging

Other

Segmentation by application:

Passenger Vehicle

Commercial Vehicle



This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

CITIC Dicastal

Borbet

Ronal Wheels

Alcoa

Superior Industries

Iochpe-Maxion

Uniwheel Group

Wanfeng Auto

Lizhong Group

Enkei Wheels

Zhejiang Jinfei

Accuride

Topy Group

Zhongnan Aluminum Wheels

YHI

Yueling Wheels

Guangdong Dcenti Auto-Parts



In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.



Research objectives

To study and analyze the global Aluminum Alloy Wheels consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Aluminum Alloy Wheels market by identifying its various subsegments.

Focuses on the key global Aluminum Alloy Wheels manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Aluminum Alloy Wheels with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Aluminum Alloy Wheels submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.


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Qurate Business Intelligence

Nehal Chinoy

+919881074592

nehal@qurateresearch.com

Source: EmailWire.Com

Source: EmailWire.com

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