Global Automotive Alloy Wheels Market is Expected to Garner $24.8 Billion by 2024

Posted March 25, 2020 by Steveblade

According to Goldstein Research, global automotive alloy wheels market is expected to reach USD 24.8 billion by 2024
According to Goldstein Research, global automotive alloy wheels market is expected to reach USD 24.8 billion by 2024 from USD 16.7 billion in 2016, growing at a CAGR of 5.8% over the forecast period through 2024. Growing numbers of vehicles on road and rapid urbanization bolstered the growth of global automobile alloy wheels market. Global automotive alloy wheels market segmentation has beendoneon the basis of vehicle type, material type, end-user and geography.Alloy wheel manufacturers are coming up with advanced and innovative alloy wheels to sustain and cater the huge market demand for innovative and performance allow wheels.

Global automotive alloy wheels industry is largely dominated by North America in 2016 with more than USD 4.5 billion revenue share.North America is closely followed by the Europe with more than 22% share in global automobile alloy wheels market. Germany is the largest market for automobile alloy wheels with maximum consumption in German auto plants which are scattered throughout the country.

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Market Segmentation
On the basis of our in-depth analysis, Global Automotive Alloy Wheels Market can be segmented as follows:

By Vehicle Type
o Passenger vehicles
o Four wheelers
o Two wheelers
o Commercial Vehicles
o LCV (Light Commercial Vehicles)
o HCV (Heavy Commercial Vehicles)
By Material Type
o Aluminum
o Magnesium
o Carbon Fiber
By End Users
o OEMs (Original Equipment Manufacturer)
o Aftermarket
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Automotive Alloy Wheels Market Outlook 2024” by Goldstein Research contains detailed overview of the global automotive alloy wheels market in terms of market segmentation by vehicle type, material type and end-user.

Further, Global Automotive Alloy Wheels Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Borbet, Uniwheels, CM Wheels, Alcoa Wheels, CITIC Dicastal, Maxion, Accuride, Steel Strips Wheels, Enkei wheels, Superior industries, TSW Alloy Wheels, Dymag Group Limited, FoshanNanhaiZhongnan Aluminum Wheel Co., Ltd.,etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automotive alloy wheels market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research industry reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive market analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Categories Automotive
Tags automotive alloy wheels market , automotive alloy wheels market size , automotive alloy wheels market trends
Last Updated March 25, 2020