Automotive Steel Wheels Market to Record a CAGR of 2.79%, Accuride Corp. and ALCAR HOLDING GMBH Among Key Vendors - Technavio
NEW YORK, Sept. 30, 2022 /PRNewswire/ -- The "Automotive Steel Wheels Market by Application (passenger cars, LCVs, and M and HCVs) and Geography (APAC, Europe, North America, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the automotive steel wheels market size between 2021 and 2026 is 33.92 million units. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report
Company Profiles
The automotive steel wheels market report includes information on the product launches, sustainability, and prospects of leading vendors including Accuride Corp., ALCAR HOLDING GMBH, Automotive Wheels Ltd., BBS GmbH, Bharat Wheel Pvt. Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri Spa, ENKEI WHEELS INDIA Ltd., Fastco Canada, Jantsa Jant Sanayi ve Tic AS, JS Wheels, Klassic Wheels Ltd., MAXION Wheels, RONAL AG, STARCO Europe AS, Steel Strips Wheels Ltd., The Carlstar Group LLC, thyssenkrupp AG, Topy Industries Ltd., and WIL Car Wheels Ltd. The key offerings of some of these vendors are listed below:
Accuride Corp. - The company offers automotive steel wheels with high-strength, low-alloy steel to counterbalance the added weight, with advantages such as increased payload and fuel savings without reducing load rating.
ALCAR HOLDING GMBH - The company offers automotive steel wheels for cars that accommodate the necessary wireless sensors and have high strength to balance out any problems.
Automotive Wheels Ltd. - The company offers automotive steel wheels for passenger cars, vans, and trailer applications where each wheel goes through multiple tests such as corner and radial fatigue test, impact test, and bi-axial test to ensure its reliability and robustness.
Bharat Wheel Pvt. Ltd. - The company offers automotive steel wheels where the diameter of a wheel rim is ascertained by taking a measurement from one inside lip to another.
Central Motor Wheel of America Inc. - The company offers automotive steel wheels with product styles such as drop well attached, bead seat attached, full-face styled, and wide vent.
Competitive Analysis
The competitive scenario provided in the automotive steel wheels market report evaluates, analyzes, and positions companies based on various performance indicators. Some of the factors considered for this analysis include growth strategies, the financial performance of companies over the past few years, new product launches, product innovations, investments, and growth in market share.
Key Market Dynamics
The growth of the automotive industry in emerging economies is driving the automotive steel wheels market growth. However, factors such as the limitations of steel wheels may challenge the market growth during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
Market Segmentation
By application, the market has been classified into passenger cars, LCVs, and M& HCVs. The passenger cars segment will contribute the largest share of the market during the forecast period.
By geography, the market has been classified into APAC, Europe, North America, South America, and the Middle East and Africa. APAC will have the largest share of the market during the forecast period.
View Our FREE PDF Sample Reportfor additional insights into the contribution of all the segments and regional opportunities in the report
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Automotive Wheel Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026: The automotive wheel market size is projected to grow by USD 11.20 billion from 2021 to 2026.
Auto Parts Market by Product and Geography - Forecast and Analysis 2022-2026: The auto parts market size is projected to grow by USD 324.52 billion from 2021 to 2026.
Automotive Steel Wheels Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 2.79%
Market growth 2022-2026
33.92 mn units
Market structure
Fragmented
YoY growth (%)
2.19
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 73%
Key consumer countries
US, China, Japan, India, and Germany
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Accuride Corp., ALCAR HOLDING GMBH, Automotive Wheels Ltd., BBS GmbH, Bharat Wheel Pvt. Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri Spa, ENKEI WHEELS INDIA Ltd., Fastco Canada, Jantsa Jant Sanayi ve Tic AS, JS Wheels, Klassic Wheels Ltd., MAXION Wheels, RONAL AG, STARCO Europe AS, Steel Strips Wheels Ltd., The Carlstar Group LLC, thyssenkrupp AG, Topy Industries Ltd., and WIL Car Wheels Ltd.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the 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.
Exhibit 121: Topy Industries Ltd. - Business segments
Exhibit 122: Topy Industries Ltd. - Key offerings
Exhibit 123: Topy Industries Ltd. - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 124: Inclusions checklist
Exhibit 125: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 126: Currency conversion rates for US$
11.4 Research methodology
Exhibit 127: Research methodology
Exhibit 128: Validation techniques employed for market sizing
Exhibit 129: Information sources
11.5 List of abbreviations
Exhibit 130: List of abbreviations
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