NEW YORK, Sept. 24, 2021 /PRNewswire/ -- The aluminum alloy wheel market is poised to grow by $ 3.41 bn during 2021-2025, progressing at a CAGR of 4.43% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate - Request a free sample report.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accuride Corp., BORBET GmbH, CITIC Ltd., CMS Jant ve Makina San. AS, Enkei Corp., Howmet Aerospace Inc., Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd., Iochpe-Maxion SA, RONAL AG, and Superior Industries International Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Adoption of new or improved emission standards has been instrumental in driving the growth of the market. However, the threat of counterfeit aluminum alloy wheels might hamper the market growth.
Aluminum Alloy Wheel Market 2021-2025: Segmentation
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43937
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Aluminum Alloy Wheel Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our aluminum alloy wheel market report covers the following areas:
This study identifies the emergence of 3D-printed wheels of titanium as one of the prime reasons driving the aluminum alloy wheel market growth during the next few years.
Aluminum Alloy Wheel Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Aluminum Alloy Wheel Market. Backed with competitive intelligence and benchmarking, our research reports on the Aluminum Alloy Wheel Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Aluminum Alloy Wheel Market 2021-2025: Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Application
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