DUBLIN, May 3, 2019 /PRNewswire/ -- The "Global Aluminum Alloy Wheel Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The aluminum alloy wheel market will register a CAGR of over 2% by 2023.
Increased benefits of aluminum in alloy wheels over conventional materials is a key factor driving the growth of the market. Alloy wheels are highly resistant to oxidation thus, they are less prone to rust and corrosion. Aluminum is a good dispenser of heat compared to pure metals, which helps in extending the longevity of tires. Further, the aesthetic appeal of these wheels will boost their demand in the market.
Need to comply with government regulations to curb pollution
Vehicle owners need to comply with state and federal laws in order to protect the environment. The use of aluminum alloy wheels in vehicles helps in reducing the overall weight of the vehicle and thereby decreasing their carbon footprint allowing them to comply the government regulation.
Fluctuating raw material prices
The key factor which will hamper the growth of the market is the fluctuating raw material prices. The primary raw material used is aluminum along with second metal such as magnesium. The volatility in the prices of aluminum due to the imbalance in its demand and supply can prove to be a challenge in the market.
The market appears to be fragmented and with the presence of several companies. Factors such as the need to comply with government regulations to curb pollution coupled with the benefits of aluminum in alloy wheels over conventional materials will provide considerable growth opportunities to aluminum alloy wheel manufactures.
Accuride Corporation, Arconic (Alcoa Wheels), CITIC Limited, Enkei Wheels (India) Limited, and Superior Industries International, Inc. are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Passenger vehicle - Market size and forecast 2018-2023
- Commercial vehicle - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Accuride Corporation
- Arconic (Aloca Wheels)
- CITIC Limited
- Enkei Wheels (India) Limited
- Superior Industries International, Inc.
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/aut2qu
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