Global Automotive Alloy Wheel Market Growth 2023-2029

Global Automotive Alloy Wheel Market Growth 2023-2029

Most of automotive alloy wheel is made by aluminum alloy. The Automotive alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.
LPI (LP Information)' newest research report, the “Automotive Alloy Wheel Industry Forecast” looks at past sales and reviews total world Automotive Alloy Wheel sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Alloy Wheel sales for 2023 through 2029. With Automotive Alloy Wheel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Alloy Wheel industry.
This Insight Report provides a comprehensive analysis of the global Automotive Alloy Wheel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Alloy Wheel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Alloy Wheel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Alloy Wheel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Alloy Wheel.
The global Automotive Alloy Wheel market size is projected to grow from US$ 11150 million in 2022 to US$ 13920 million in 2029; it is expected to grow at a CAGR of 13920 from 2023 to 2029.
The classification of Automotive Alloy Wheel includes Casting, Forging and Other. The proportion of Casting in 2019 is about 88.7%.
Automotive Alloy Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Automotive Alloy Wheel is used in Passenger Vehicle, and the sales proportion in 2019 is about 94.3%
Asia-Pacific is the largest consumption place, with a consumption market share nearly 54.07% in 2019. Following Asia-Pacific, Europe is the second largest consumption place with the consumption market share of 23.56%.
Market competition is intense. CITIC Dicastal, Ronal Wheels, Superior Industries, Borbet, Iochpe-Maxion, Howmet Aerospace, etc. are the leaders of the industry.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Alloy Wheel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Casting
Forging
Other
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
CITIC Dicastal
Borbet
Ronal Wheels
Howmet Aerospace
Superior Industries
Iochpe-Maxion
Wanfeng Auto
Lizhong Group
Enkei Wheels
Zhejiang Jinfei
Accuride
Topy Group
Zhongnan Alloy wheels
YHI International Limited
Yueling Wheels

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Alloy Wheel market?
What factors are driving Automotive Alloy Wheel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Alloy Wheel market opportunities vary by end market size?
How does Automotive Alloy Wheel break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.