Global Automotive Wheels Aftermarket Market to 2025 - Improved Vehicle Dynamics and Increased Demand for Lightweight Materials
DUBLIN, Jan. 24, 2019 /PRNewswire/ --
The "Automotive Wheels Aftermarket by Aftermarket, Vehicle, Coating, Material, Rim Size, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Wheels Aftermarket Market is Estimated to Grow from USD 3.5 Billion in 2018 at a CAGR of 3.53% to Reach USD 4.5 Billion by 2025
A wheel is a circular metal frame with spokes or a solid disc mounted on a hub. There are 3 basic components of a wheel-hub, spoke, and rim. A vehicle tire is installed on the wheel frame that is also called a rim or alloy wheel. These are made of steel, aluminum, magnesium, carbon fiber, or a combination of all these.
Lighter wheels can increase handling by decreasing unsprung mass, allowing the suspension to follow the terrain more carefully and further improve the grip. Alloy wheels are lighter than all other equivalent steel wheels.
The heavy investments in R&D by wheel manufacturers worldwide in the aftermarket has led to continuous advancements in wheel technologies. The growing trend of using lightweight materials and continued improvement of vehicle dynamics are among the major factors responsible for the expected advancement in the automotive wheels aftermarket. The continuous growth in the use of advanced materials and new compositions in wheels by manufacturers and OEMs is further anticipated to boost the automotive wheel aftermarket.
The automotive wheels aftermarket is further divided in to two typesnew wheel replacement and refurbished wheel fitment. As per primary inputs, the refurbished wheel fitment market has huge potential in the future. The growth of the automotive wheel aftermarket is influenced by factors such as the accident rates, changing consumer preferences for stylish wheels, and the growing number of automobile enthusiasts in Europe and North America.
Increased demand for lightweight materials will boost the automotive wheels aftermarket. However, maintaining a balance between performance, cost, and weight creates a hurdle for the growth of the automotive wheels aftermarket.
The passenger car segment is estimated to be the largest in the automotive wheels aftermarket. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the automotive wheels aftermarket for passenger vehicles. As per primary inputs, commercial vehicles are gradually moving toward alloy wheels from steel wheels. Various aftermarket players are taking initiatives to improve public transportation.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automotive Wheels Aftermarket
4.2 North America to Lead the Global Automotive Wheels Aftermarket
4.3 Automotive Wheels Aftermarket in Europe, By Vehicle Type and Country
4.4 Automotive Wheels Aftermarket, By Material Type
4.5 Automotive Wheels Aftermarket, By Vehicle Type
4.6 Automotive Wheels Aftermarket, By Coating Type
4.7 Automotive Wheels Aftermarket, By Aftermarket Type
4.8 Automotive Wheels Aftermarket, By Rim Size
5 Industry Trends
5.1 Technology Analysis
5.2 Value Chain Analysis
5.3 Standards of Aftermarket Wheels
5.4 Aftermarket Wheels Production Process
6 Market Overview
6.1 Introduction
6.2 Market Dynamics
6.2.1 Drivers
6.2.1.1 Improved Vehicle Dynamics and Increased Demand for Lightweight Materials
6.2.1.2 Large Organized and Unorganized Aftermarkets for Wheels
6.2.1.3 Rising Number of Enthusiasts
6.2.1.4 Repairing A Wheel is Cost-Effective
6.2.1.5 Gradual Growth of Average Miles Driven
6.2.2 Restraints
6.2.2.1 Volatility in Raw Material Prices
6.2.3 Opportunities
6.2.3.1 Advanced Materials and New Compositions in Wheels
6.2.4 Challenges
6.2.4.1 Engineering Barriers
6.2.4.2 Maintaining A Balance Between Performance, Cost, and Weight
7 Automotive Wheels Aftermarket, By Aftermarket Type
7.1 Introduction
7.2 Research Methodology
7.3 New Wheel Replacement
7.3.1 North America to Lead the New Wheel Replacement Market
7.4 Refurbished Wheel Fitment
7.4.1 Growing Demand for Aesthetics Will Boost the Demand for Refurbished Wheel Fitment
7.5 Key Primary Insights
8 Automotive Wheels Aftermarket, By Coating Type
8.1 Introduction
8.2 Research Methodology
8.3 Liquid Coating
8.3.1 Waterborne
8.3.2 Solvent-Borne
8.4 Powdered Coating
8.4.1 Low Bake
8.4.2 High Bake
8.5 Key Primary Insights
9 Automotive Wheels Aftermarket, By Material Type
9.1 Introduction
9.2 Research Methodology
9.3 Alloy
9.3.1 Benefits Such as High Durabality and Tensile Strength Will Boost the Demand for Alloy
9.4 Steel
9.4.1 Asia Pacific to Lead the Steel Segment Between 2018 and 2025
9.5 Others
9.5.1 Improved Efficiency and Comfort Will Boost the Demand for Carbon Fiber Between 2018 and 2025
9.6 Key Primary Insights
10 Automotive Wheels Aftermarket, By Rim Size
10.1 Introduction
10.2 Research Methodology
10.3 13-15 Inch
10.3.1 Factors Such as Increasing Fuel Efficiency Will Boost the Demand for 13-15 Inch Wheels
10.4 16-18 Inch
10.4.1 Benefits Such as Powerful Acceleration Will Boost the Demand for 16-18 Inch Wheels
10.5 19-21 Inch
10.5.1 Increasing Preference of Enthusiast for Larger Wheel Will Boost the Demand for 19-21 Inch Wheels
10.6 Above 21 Inch
10.6.1 Benefits Such as High Traction and Powerful Performance Will Boost the Demand for Above 21 Inch Wheels
10.7 Key Primary Insights
11 Automotive Wheels Aftermarket, By Vehicle Type
11.1 Introduction
11.2 Research Methodology
11.3 Commercial Vehicle
11.3.1 Increasing Use of Lightweight Wheels in Commercial Vehciles Will Boost the Demand
11.4 Passenger Car
11.4.1 Growing Demand for Fuel Efficiency and Government Legislations Will Drive the Passenger Car Wheels Aftermarket
11.5 Key Primary Insights
12 Automotive Wheels Aftermarket, By Region
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situation & Trends
13.3.1 New Product Developments
13.3.2 New Product Developments, 2013-2018
13.3.3 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements
14 Company Profiles
- AEZ
- Alloy Wheel Repair Specialists
- Arconic
- Automotive Wheels
- BBS Kraftfahrzeugtechnik
- Beyern Wheels
- Borbet GmbH
- CM Wheels
- Enkei Corporation
- Forgiato
- Jian Sin Industrial Co. Ltd.
- Konig
- LKQ Corporation
- Maxion Wheels
- Oz Group
- Rays Engineering
- Ronal Group
- SSR Wheels
- Status Alloy Wheels
- Superior Industries
- The Carlstar Group
- Tsw Alloy Wheels
- Vossen Wheels
- Work Wheels
- Zhengxing Wheel Group
- Zumbo Wheels
For more information about this report visit https://www.researchandmarkets.com/research/8t8h6l/global_automotive?w=5
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article