Global Market Study on Automotive Wheel: Rising Consumer Inclination Towards Strong and Durable Automotive Wheels Projected to Amplify Sales Across Key Regions


Automotive Wheel  Market
  • Report code : PMRREP25123 |
  • Industry : Automotive |
  • Published On : Nov-2018 |
  • Pages : 289 Pages |
  • Format :

Persistence Market Research (PMR) analyzes the automotive wheel market in its new publication titled “Automotive Wheel Market Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”. This global study on the automotive wheel market provides data for 2017 along with a forecast for the period 2018 – 2026. The main objective of the global automotive wheel market report is to identify the dynamics of the market and provide recent updates and insights that affect the various segments of the global automotive wheel market. To provide a better understanding of the automotive wheel market, the report also includes the analysis of global drivers, restraints and trends, which influence the current market scenario and will define the future status of the global automotive wheel market over the forecast period.

PMR’s solution is aligned towards meeting defined objectives to help clients make informed decisions about the global automotive wheel market. The research study offers detailed insights and in-depth research on the automotive wheel market on global as well as regional levels. The automotive wheel market report covers the important factors driving the growth of the market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the market and other insights across various key segments. The automotive wheel market covers diverse sections such as the executive summary, analysis and forecast, supply demand scenario, competition assessment and research methodology & assumptions.

PMR’s global automotive wheel market report has been compiled with the below approach: 

  • A scenario-based approach to represent a relevant forecast of global automotive wheel sales, assessment of the impact of various factors and regulations on dynamics pertaining to the global automotive wheel market using a systematic research methodology
  • Overview of the regulations and underlying requirements and compliance approaches available to participants across the value-chain in the automotive wheel market

The global automotive wheel market has been segmented on the basis of product type, design, sales channel, vehicle type and region/country.

The global automotive wheel market has been segmented on the basis of finish type as:

  • Painted & Polished
  • Machined Alloy wheel
  • Two Tonned Alloy
  • Chromed Alloy
  • Anodised

The global automotive wheel market has been segmented on the basis of wheel size as:

  • Compact Size (upto 16 inch)
  • Mid Size (17 to 21 inch)
  • Large Size (21 inch and more)

The global automotive wheel market has been segmented on the basis of sales channel as:

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

The global automotive wheel market has been segmented on the basis of vehicle type as:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles

The global automotive wheel market has been segmented on the basis of material as:

  • Alloy
    • Aluminium
    • Magnesium
    • Composite
  • Aluminium
  • Magnesium
  • Steel
  • Chromed
  • Carbon Fiber

The global automotive wheel market has been segmented on the basis of region/country as:

  • North America
  • APEJ
  • Western Europe
  • MEA
  • Latin America
  • Eastern Europe
  • Japan

To understand and assess the global automotive wheel market opportunities and trends, the global automotive wheel market has been categorically split into different sections based on finish type, material, sales channel, vehicle type, wheel size and region. The global automotive wheel market report starts with an overview of the automotive wheel market and provides market definitions & taxonomy, along with the value chain, pricing analysis, drivers, restraints and trends in the market. The sections that follow include the global automotive wheel market analysis by finish type, material, sales channel, vehicle type, wheel size and region. All the above sections evaluate the automotive wheel market on the basis of the various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global automotive wheel market. To give a brief idea about revenue opportunities by finish type, material, sales channel, vehicle type, wheel size and region, the global automotive wheel market report also provides the market size in terms of value (US$ Mn) and Volume (‘000 Units), absolute $ opportunity and total incremental opportunity for each segment over the forecast period (2018 – 2026).

In the final section of the automotive wheel market, we have provided the global automotive wheel market structure analysis and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This is expected to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For automotive wheel market data analysis, we have considered 2017 as the base year with market numbers estimated for 2018 and forecasts for 2018 – 2026. To calculate the market size, the report considers the weighted average price of automotive wheels based on finish type, material, sales channel, vehicle type and wheel size across key geographies on a country basis. The forecast assesses the total revenue (US$ Mn) and volume (‘000 Units) of the global automotive wheel market. To deduce the market value, the cost of each type by sales channel has been considered in the global automotive wheel market.

In order to provide an accurate forecast, we started by sizing up the current market, which forms the basis of how the global automotive wheel market is expected to develop in the future. Critical market data, including the base number and segment splits, was devised through in-depth secondary and primary research. This data was then triangulated on the basis of different verticals by considering supply side as well as demand side drivers and other dynamics of various regional markets, along with primary interviews of manufacturers and industry experts operating in the global automotive wheel market. The forecast presented in the automotive wheel market report evaluates the actual cost of the different types of automotive wheels and the cost as per make in the global automotive wheel market.

We have also analyzed the different segments of the global automotive wheel market in terms of Basis Point Share (BPS) to understand the relative contribution of every individual segment to market growth. This detailed level of information is important for identifying various key trends governing the global automotive wheel market. The report also analyzes the global automotive wheel market on the basis of absolute dollar opportunity. This is usually overlooked while estimating the market forecast; however, from a sales perspective, it is essential to identify the absolute dollar opportunity to identify potential resources in the automotive wheel market. PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global automotive wheel market. This market attractiveness index is expected to help clients identify real market opportunities in the global automotive wheel market.

Automotive Wheel Market: Global Industry Trend Analysis and Competition Tracking

The report covers comprehensive information about automotive wheel market trends, value (US$ Mn) volume (‘000 Units) projections, competition, market dynamics and recent developments in the global automotive wheel market for the study period 2018 to 2026.

The global automotive wheel market is anticipated to create incremental $ opportunity worth over US$ 23,127.0 Mn by the end of the forecast period while expanding at a CAGR of 4.0% for the period between 2018 and 2026. Increasing demand for vehicles and rise in demand for light weight components are some of the factors expected to drive significant growth in the demand for automotive wheel market.

A Brief Overview of the Research Methodology of Automotive Wheel Market

Persistence Market Research (PMR) used a modelling-based approach and triangulation methodology, which includes market profiling, hypothesis generation, data collection, forecast development, pricing analysis and competition mapping, to arrive at the results discussed in this report. The report also analyses the top players in the automotive wheel market.

In order to estimate the global volume sales in the automotive wheel market, the production of vehicle types (PCV, LCV & HCV) in the global market has been tracked for all the key regions as well as for the key countries considered under the scope of this research. This has been further verified from the supply side wherein the market shares of the companies considered have been tracked and the market size has been confirmed.

About the Report: Automotive Wheel Market

The report on automotive wheel market is a syndicated research report, formulated on the basis of a predefined scope. The primary intent of the automotive wheel market report is to highlight the volume sales of automotive wheel across key geographies considered by various segments. The automotive wheel market includes various analysis frameworks, such as BPS analysis, automotive wheel market attractiveness, analysis and incremental $ opportunity index, etc. These frameworks provide clients with a thorough understanding of the automotive wheel market, identifying the relatively greater opportunistic markets and also giving an idea about the latest trends in the automotive wheel market.

automotive wheel market

Automotive Wheel Market: Dynamics

Increase in vehicle production coupled with rise in disposable income of middle-class people are the two factors spurring the demand in the automotive wheel market. Moreover, increasing demand for vehicles from countries, such as China, India, U.S., Germany and others, is also supporting the demand in the automotive wheel market.

However, extension of component (rim) life through repair & maintenance would restrain the demand for automotive wheels during the forecast period as this helps to improve the life of a component and thus, hinders the demand for new components. New technologies are coming in the market which allow customers to repair their wheel rims without the need for any kind of replacement. As more and more companies are entering into the automotive wheel market, this will eventually hamper the demand for new components, especially wheels, in the regional as well as the global market.

Availability of Customized Wheel Diameter is a Trending Opportunity for Automotive Wheel Manufacturers

Customized color, size, powder-coating, textures, engraving and use of rhinestones are some of the trending opportunities for automotive wheel market (especially rim) manufacturers. Nowadays, owing to increasing purchasing power of people, customers are opting to customize the wheels of their vehicle. Most of the companies are also collaborating with tire manufacturers to innovate their technology. For instance, RIMEX is collaborating with leading tire manufacturers for testing and perfecting future wheel and rim designs for the next generation

On the Basis of Vehicle Type, Passenger Car is Expected to be a Prominent Segment in the Global Automotive Wheel Market

Passenger car segment is estimated to be one the major segments in the automotive wheel market. According to estimates, approximately 97 million vehicles were produced in 2017. Of this, more than 70% were passenger cars. These passenger cars are used by common people to commute from one place to another. Therefore, the demand for passenger cars is increasing day by day. Passenger car segment is followed by LCV and HCV segments.

APEJ to Remain a High Value – High Growth Region in the Automotive Wheel Market

On the basis of region, the report is segmented into seven region: North America, Western Europe, Latin America, Eastern Europe, Middle East & Africa, Japan and APEJ. APEJ is estimated to capture highest market share owing to maximum demand coming from passenger car segment. Factors such as, developing infrastructure, increasing purchasing power of people AND improved consumer sentiments, are driving the demand for vehicles, which in turn, is increasing the demand in the automotive wheel market. The automotive industry contributes a healthy amount to the world’s GDP. More and more OEMs are setting up their manufacturing units across the world. China and India are the noticeable markets for car manufacturers owing to growing need for personal vehicles. Furthermore, many banks and financial institutes are coming up with different loan schemes, which are making it easy to own a car. Also, governments have ended scrapage incentives scheme, which is compelling customers to purchase new vehicles.

Supply Contracts with Geophysical Companies in the Automotive Wheel Market

Most of the manufacturers are entering into long-term supply contracts or new product launches to sustain their market share in the automotive wheel market. For instance, Ronal Group recently supplied its new R56 wheel to new BMW X3/X4. This wheel is compatible with Tire Pressure Monitoring System (TPMS) original sensors and are available in 7.5×19 inch & 5×112 sizes. Similarly, the company also recently supplied its new R62 wheel to new Audi RS 3 and many other mid-range and compact vehicles. Moreover, the company has launched a new design of wheel called Ronal 64 for light truck wheels. The RONAL R64 is suitable for Ford Transit, VW T6, Peugeot Traveler, Citroën Spacetourer and Toyota, to name a few. The company has also launched a new wheel named SL7 Gladiatore for new Porsche Panamera with a ferric anthracite-matt diamond cut finish. Lastly, Borbet GmbH has launched its new color version ‘crystal silver’ in 14 to 16 inch wheel tire. This new wheel comes with several updated German Operating Licenses (ABE)

An Overview of the Automotive Wheel Market Structure

The global automotive wheel market is a highly consolidated one with major players, such as Arconic Inc., Dicastal North America, Inc., Maxion Wheels, Superior Industries International, Inc., Fuel Off-Road Wheels, Central Motor Wheel of America, Inc., Euromax Wheel, Marcellino Wheel, Enkei Corporation, Prime Wheel Corporation, Ronal Group, Borbet GmbH, Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd., BBS GmbH and Topy Industries Limited, accounting for approximately 50 – 60% of the global automotive wheel market. Other key players are also projected to represent a significant share in the global automotive wheel market.

Key Questions Answered in the Global Automotive Wheel Market Report

  • How has the automotive wheel market evolved over the past four years?
  • What shape is the automotive wheel market expected to take in terms of volume and value during the study period?
  • What are some of the prevailing market dynamics in the automotive wheel market?
  • What are the competition developments and trends in the automotive wheel market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the automotive wheel market?
  • What are the key challenges, opportunities and improvement factors for market players?
  • What are the important market positioning and key strategies of key manufacturers for automotive wheel market?
  • How is the competition structured at present and how has it evolved in the automotive wheel market over the past few years?

Company Profiles

  • Ronal Group
  • Norbert GmbH
  • Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd
  • BBS GmbH
  • Topy Industries Limited
  • Arconic Inc.
  • Dicastal North America
  • Maxion Wheel
  • Superior Industries
  • Fuel off Road Wheels
  • Central Motor Wheel of America
  • Europa Wheel 
  • Marcellino Wheels 
  • Enkei Corporation 
  • Prime Wheel Corporation
  • Others.
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