Automotive Wheel Market worth 50.54 Billion USD by 2025 21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class,"> 21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class,">
Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video


  • Automotive Wheel Market worth 50.54 Billion USD by 2025

    (Transportation-News.com, August 13, 2021 ) The report "Automotive Wheel Market by Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class, End-Use, and Region - Global Forecast to 2025", The automotive wheel market is projected to grow at a CAGR of 5.52% during the forecast period, from USD 32.87 Billion in 2017 to USD 50.54 Billion by 2025.

    The growing vehicle production and the rising demand for improved vehicle dynamics are expected to drive the automotive wheel market.

    The alloy wheel segment is estimated to be the largest segment in the Automotive Wheel Market

    The alloy wheel is estimated to be the largest segment of the automotive wheel market during the forecast period. The rise in demand for reducing vehicle weight and improved vehicle dynamics for complying with stringent emission norms has fueled the demand for the alloy wheel segment.

    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254835180

    OE segment is estimated to be the largest and fastest growing segment in the Automotive Wheel Market

    The OE segment is estimated to be the largest and fastest growing market during the forecast period. Wheels are designed to last long with the vehicle life and are replaced or changed in case of accidental damage or by an enthusiast. So, the demand for the wheel is low in the aftermarket as compared to the OE market.

    The luxury priced vehicle segment is estimated to be the largest and fastest growing segment of automotive wheel market in terms of value

    The automotive wheel market for luxury priced vehicle is estimated to grow at the highest rate during the forecast period. Luxury-priced vehicles include premium sports vehicle variants, which use high-performance wheels. These vehicles are performance-oriented, and wheels play a vital role in improving the vehicle dynamics. Due to increasing competition in the automotive industry, luxury and premium car manufacturers have increased their focus on high-performance vehicles. These companies along with wheels manufacturers are investing heavily in R&D to develop lightweight and high-strength wheels, which will help boost the car performance.

    Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=254835180

    Asia Pacific: Largest regional market for Automotive wheels

    Asia Pacific is estimated to be the largest market for automotive wheels. The Asia Pacific region accounts for about ~49% of the global automobile production. The region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The increase in sales of vehicles can be attributed to various factors such as increasing per capita income, increased infrastructure spending, attractive FDI from governments, economic production cost, lenient environment regulations, and so on. Additionally, the number of vehicles on the road is increasing owing to the improving road infrastructure and increase in disposable income.

    Key Market Players:

    The report covers all the major players in the automotive wheel market, including Iochpe-Maxion (Brazil), Superior Industries International (US), Accuride Corporation (US), Steel Strips Wheels (India), Hitachi Metals (Japan), Enkei (Japan), Citic Dicastal (China), Zhejiang Wanfeng Auto Wheel (China), Borbet (Germany), Mangels Industrial (Brazil), and Mefro Wheels (Germany).

    Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=254835180

    MarketsandMarkets™

    Mr. Aashish Mehra

    1-888-600-6441

    newsletter@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    EuropeNewswire.net - Newswire and Press Release service of GroupWeb Media LLC