Global Automotive Wheel Market to 2025 by Rim Size, Material, Off-highway, Vehicle Type, Vehicle Class, End-Use, and Region

DUBLIN, Sept. 13, 2018 /PRNewswire/ --

The "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" report has been added to ResearchAndMarkets.com's offering.

The global automotive wheel market is estimated to be USD 32.87 billion in 2017 and is projected to reach USD 50.54 billion by 2025, at a CAGR of 5.52% from 2017 to 2025.

The market growth is primarily driven by the increasing demand for vehicle weight reduction and growing vehicle production. However, engineering barriers can restrain the growth of the global automotive wheel market.

Construction and mining equipment constitute the largest off-highway wheel market globally

The construction equipment constitutes various types of vehicles such as articulated dump truck, backhoe loader, motor grader, motor scraper, and others. The construction industry has witnessed a boom in the recent decades. Post the 2008 recession, there has been a significant improvement in the economy. With increase in population and improved standard of living, an increasing number of people are migrating to urban areas and spending on housing. The construction of commercial buildings, which include factories, manufacturing facilities, hospitals, schools, colleges, and others, grew by 10-12% in 2016 as compared to 2015. Hence, the demand for construction equipment is increasing, which in turn leads to the increased sales of construction and mining equipment wheels.

The passenger vehicles segment is estimated to be the largest segment, in terms of value, in the automotive wheel market

The passenger vehicles segment is estimated to hold the largest market share during the forecast period. Passenger vehicles account for the largest share of the total vehicle production. Also, the increase in R&D investment by OEMs and Tier 1 players to improve the drive quality and efficiency of passenger vehicles will drive the automotive wheel market in this segment. Moreover, the rise in disposable income, particularly in developing countries such as China, India, Mexico, and others, will drive the automotive wheel market in the passenger vehicle segment.

Asia Pacific: Largest wheel market in Original Equipment (OE)

The Asia Pacific region leads the automotive wheel market, owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at >6.0% CAGR over the period of next five years. Increasing vehicle production has, in turn, increased the demand for wheels in this region. Many wheel manufacturers have set up their manufacturing plants in the region. These include Iochpe-Maxion (Brazil), Steel Strips Wheels (India), Hitachi Metals (Japan), Enkei (Japan), Citic Dicastal (China), and Zhejiang Wanfeng Auto Wheel (China).

Players profiled in the report are:

    --  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)
    --  Mefro Wheels (Germany)
    --  Alcar (Austria)
    --  Kalink (South Korea)
    --  Ronal (Switzerland)
    --  ThyssenKrupp (Germany)
    --  Vossen Wheels (US)
    --  HRE Wheels (US)
    --  Rays (Japan)
    --  Weds (Japan)
    --  Topy Industries (Japan)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Automotive Wheel Market
4.2 Automotive Wheel Market Share, By Country
4.3 Automotive Wheel Market, By End Use
4.4 Automotive Wheel Market, By Vehicle Type
4.5 Automotive Wheel Market, By Vehicle Class
4.6 Automotive Wheel Market, By Off-Highway
4.7 Automotive Wheel Market, By Material
4.8 Automotive Wheel Market, By Rim Size
4.9 Automotive Wheel Market for Automotive, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Improved Vehicle Dynamics and Increased Demand for Lightweight Materials
5.2.1.2 Growing Vehicle Production
5.2.2 Restraints
5.2.2.1 Decline in Enthusiast Segment - Millennial Effect
5.2.2.2 Volatility in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Advanced Materials and New Compositions in Wheels
5.2.4 Challenges
5.2.4.1 Engineering Barriers
5.2.4.2 Large Unorganized Aftermarket for Wheels
5.2.4.3 Maintaining A Balance Between Performance, Cost, and Weight

6 Technological Overview
6.1 Introduction
6.1.1 Steel Wheels
6.1.2 Alloy Wheel
6.1.3 Carbon Fiber Wheels
6.2 Value Chain
6.3 Concept/Future Technologies
6.3.1 Goodyear Eagle-360
6.3.2 Michelin - X-Tweel Turf
6.3.3 Michelin - Honeycomb Airless Tires
6.3.4 Goodyear - Tires for Planetary Objects
6.3.5 Hankook - Flex-Up
6.3.6 Kumho - All Weather Tire (Maxplo)

7 Automotive Wheel Market, By Off-Highway
7.1 Introduction
7.2 Construction and Mining Equipment
7.3 Agriculture Tractors

8 Automotive Wheel Market for Automotive, By Vehicle Class
8.1 Introduction
8.2 Economy
8.3 Mid-Priced
8.4 Luxury Priced

9 Automotive Wheel Market, By End Use
9.1 Introduction
9.2 Aftermarket
9.3 OE Market

10 Automotive Wheel Market, By Vehicle Type
10.1 Introduction
10.2 Passenger Vehicle
10.3 Light Commercial Vehicle (LCV)
10.4 Heavy Commercial Vehicle (HCV)

11 Automotive Wheel Market for Automotive, By Material
11.1 Introduction
11.2 Steel
11.3 Alloy
11.4 Carbon Fiber and Others

12 Automotive Wheel Market, By Rim Size & Region

13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situation & Trends
13.3.1 Expansion
13.3.2 Partnerships/Supply Contracts/Joint Ventures/ Agreement
13.3.3 Mergers & Acquisitions
13.3.4 New Product Developments

14 Company Profiles

For more information about this report visit

https://www.researchandmarkets.com/research/k8qp7r/global_automotive?w=5

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