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Aluminum Alloy Wheel Market size to grow by USD 3.41 billion from 2020 to 2025|Advent of Carbon Fiber Alloy Wheels is a Major Trend to Fuel the Market|Technavio

Technavio (PRNewsfoto/Technavio)

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Technavio

Jun 01, 2022, 04:00 ET

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The aluminum alloy wheel market report offers a comprehensive analysis by Application (passenger cars and commercial vehicles) and Geography (APAC, Europe, North America, South America, and MEA)

NEW YORK, June 1, 2022 /PRNewswire/ -- The aluminum alloy wheel market size is expected to grow by USD 3.41 billion from 2020 to 2025 progressing at a CAGR of 4.43%  according to Technavio's latest market report. The advent of carbon fiber alloy wheels is the key market trend driving the aluminum alloy wheel market growth. Carbon fiber alloy wheels are one of the main substitutes for aluminum alloy wheels as carbon fiber is stronger than aluminum and half its weight. Although the aluminum alloy wheel is lightweight, the processing of an aluminum alloy wheel can affect its strength and stiffness. Hence, aluminum alloy wheels can deform under a slight impact, whereas carbon fiber alloy wheels remain intact. Moreover, carbon fiber wheels offer better performance than aluminum alloy wheels even if the weight of a carbon fiber alloy wheel is reduced by half of that of an aluminum alloy wheel. Carbon fiber alloy wheels help in meeting emission targets due to their lightweight feature. Thus, the increase in the adoption of fiber alloy wheels will impact the global aluminum alloy wheel market.

Technavio has announced its latest market research report titled
Aluminum Alloy Wheel Market by Application and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Aluminum Alloy Wheel Market by Application and Geography - Forecast and Analysis 2021-2025

For more highlights on the trends - Download a sample now!

The competitive scenario provided in the Aluminum Alloy Wheel Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our
Aluminum Alloy Wheel Market Forecast Report -  Buy Now!

Aluminum Alloy Wheel Market: Major Growth Drivers

The aluminum alloy wheel market report the following factors as major growth drivers during the forecast period:

  • Adoption of new or improved emission standards
  • Increased benefits of aluminum in alloy wheels over conventional materials
  • Growing demand for lightweight vehicles

The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. To know about challenges - Download a sample now!

Aluminum Alloy Wheel Market: Revenue Generating Segment

The aluminum alloy wheel market share growth in the passenger cars segment will be significant for revenue generation. Automakers are increasingly adopting aluminum alloy wheels due to their benefits in terms of higher fuel efficiency and aesthetic appeal. Hence, the demand for aluminum alloy wheels will increase in the passenger cars segment during the forecast period. 

To know about the market contribution of each segment - Download a sample now!

Aluminum Alloy Wheel Market: Vendor Analysis

 The aluminum alloy wheel market is fragmented and the vendors are deploying growth strategies such as using new materials for manufacturing aluminum alloy wheels to compete in the market. The aluminum alloy wheel market report also offers information on several market vendors, including Accuride Corp., BORBET GmbH, CITIC Ltd., and CMS Jant ve Makina San. AS, Enkei Corp., Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd., Howmet Aerospace Inc., Iochpe-Maxion SA, RONAL AG, and Superior Industries International Inc. among others.

  • Accuride Corp. - The company offers aluminum alloy wheels under the brands, Aacu-Lite, Accu-Shield, Accu-Flange, and others.
  • To know about all major vendor offerings - Download a sample now!

Reasons to Buy Aluminum Alloy Wheel Market Report:

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist aluminum alloy wheel market growth during the next five years
  • Estimation of the aluminum alloy wheel market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum alloy wheel market across APAC, Europe, North America, South America, and MEA
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum alloy wheel market vendors

Related Reports:

  • The predicted growth of the electric vehicle (EV) charging connector market share in Europe from 2021 to 2026 is USD 48.11 million at a progressing CAGR of 16.59%. Download a sample now!
  • The automotive steering torque sensor market share is expected to increase by USD 1.72 billion by 2026 at a progressing CAGR of 6.43%.  Download a sample now!

Aluminum Alloy Wheel Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.43%

Market growth 2021-2025

USD 3.41 billion

Market structure

Fragmented

YoY growth (%)

3.35

Performing market contribution

APAC at 51%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accuride Corp., BORBET GmbH, CITIC Ltd., CMS Jant ve Makina San. AS, Enkei Corp., Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd., Howmet Aerospace Inc. , Iochpe-Maxion SA, RONAL AG, and Superior Industries International Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Global automotive components and accessories market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 15: Application - Market share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 16: Comparison by Application
  • 5.3 Passenger cars - Market size and forecast 2020-2025
    • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
  • 5.4 Commercial vehicles - Market size and forecast 2020-2025
    • Exhibit 19: Commercial vehicles - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Commercial vehicles - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Application
    • Exhibit 21: Market opportunity by Application

6 Customer Landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 23: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 24: Geographic comparison
  • 7.3 APAC - Market size and forecast 2020-2025
    • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 North America - Market size and forecast 2020-2025
    • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
  • 7.6 South America - Market size and forecast 2020-2025
    • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
  • 7.7 MEA - Market size and forecast 2020-2025
    • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 35: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 36: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 37: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Vendor landscape
    • Exhibit 38: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 39: Landscape disruption
    • Exhibit 40: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 41: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 42: Market positioning of vendors
  • 10.3 Accuride Corp.
    • Exhibit 43: Accuride Corp. - Overview
    • Exhibit 44: Accuride Corp. - Product and service
    • Exhibit 45: Accuride Corp. - Key news
    • Exhibit 46: Accuride Corp. - Key offerings
  • 10.4 BORBET GmbH
    • Exhibit 47: BORBET GmbH - Overview
    • Exhibit 48: BORBET GmbH - Product and service
    • Exhibit 49: BORBET GmbH - Key offerings
  • 10.5 CITIC Ltd.
    • Exhibit 50: CITIC Ltd. - Overview
    • Exhibit 51: CITIC Ltd. - Business segments
    • Exhibit 52: CITIC Ltd. - Key offerings
    • Exhibit 53: CITIC Ltd. - Segment focus
  • 10.6 CMS Jant ve Makina San. AS
    • Exhibit 54: CMS Jant ve Makina San. AS - Overview
    • Exhibit 55: CMS Jant ve Makina San. AS - Product and service
    • Exhibit 56: CMS Jant ve Makina San. AS - Key offerings
  • 10.7 Enkei Corp.
    • Exhibit 57: Enkei Corp. - Overview
    • Exhibit 58: Enkei Corp. - Product and service
    • Exhibit 59: Enkei Corp. - Key offerings
  • 10.8 Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd.
  • 10.9 Howmet Aerospace Inc.
    • Exhibit 63: Howmet Aerospace Inc.  - Overview
    • Exhibit 64: Howmet Aerospace Inc.  - Business segments
    • Exhibit 65: Howmet Aerospace Inc.  - Key offerings
    • Exhibit 66: Howmet Aerospace Inc.  - Segment focus
  • 10.10 Iochpe-Maxion SA
    • Exhibit 67: Iochpe-Maxion SA - Overview
    • Exhibit 68: Iochpe-Maxion SA - Business segments
    • Exhibit 69: Iochpe-Maxion SA - Key offerings
  • 10.11 RONAL AG
    • Exhibit 70: RONAL AG - Overview
    • Exhibit 71: RONAL AG - Product and service
    • Exhibit 72: RONAL AG - Key offerings
  • 10.12 Superior Industries International Inc.
    • Exhibit 73: Superior Industries International Inc. - Overview
    • Exhibit 74: Superior Industries International Inc. - Business segments
    • Exhibit 75: Superior Industries International Inc. - Key news
    • Exhibit 76: Superior Industries International Inc. - Key offerings
    • Exhibit 77: Superior Industries International Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 78: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 79: Research Methodology
    • Exhibit 80: Validation techniques employed for market sizing
    • Exhibit 81: Information sources
  • 11.4 List of abbreviations
    • Exhibit 82: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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