Global Forged Alloy Aluminum Wheel Market Growth 2023-2029

Global Forged Alloy Aluminum Wheel Market Growth 2023-2029

Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
LPI (LP Information)' newest research report, the “Forged Alloy Aluminum Wheel Industry Forecast” looks at past sales and reviews total world Forged Alloy Aluminum Wheel sales in 2022, providing a comprehensive analysis by region and market sector of projected Forged Alloy Aluminum Wheel sales for 2023 through 2029. With Forged Alloy Aluminum Wheel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Forged Alloy Aluminum Wheel industry.
This Insight Report provides a comprehensive analysis of the global Forged Alloy Aluminum 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 Forged Alloy Aluminum Wheel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Forged Alloy Aluminum Wheel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forged Alloy Aluminum 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 Forged Alloy Aluminum Wheel.
The global Forged Alloy Aluminum Wheel market size is projected to grow from US$ 3471.8 million in 2022 to US$ 5015.1 million in 2029; it is expected to grow at a CAGR of 5015.1 from 2023 to 2029.
Market competition is intense. Superior Industries, Arconic, CITIC Dicastal, Borbet, Gemsy Wheels, Hongxin Wheel, etc. are the leaders of the industry. Arconic was the first company in the rank, accounted for 27.18% market share in 2019. In the future, the forged alloy alumunium wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature. The installed rate in the commercial vehicle will increase. The penetration of forged wheels is expected to grow moderate over the coming years.
This report presents a comprehensive overview, market shares, and growth opportunities of Forged Alloy Aluminum Wheel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
OEM
Aftermarket
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.
Arconic
Superior Industries
CITIC Dicastal
Gemsy Wheels
Hongxin Wheel
Borbet
Accuride
BBS JAPAN
Ronal Wheels
Wanfeng Auto
RAYS Wheels
Zhejiang Jinfei
Lizhong Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Forged Alloy Aluminum Wheel market?
What factors are driving Forged Alloy Aluminum Wheel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Forged Alloy Aluminum Wheel market opportunities vary by end market size?
How does Forged Alloy Aluminum 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.