Global Forged Alloy Alumunium Wheel Market Growth 2023-2029

Global Forged Alloy Alumunium 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.
Forged wheels are typically around 25% lighter than cast wheels (and potentially even more).

LPI (LP Information)' newest research report, the “Forged Alloy Alumunium Wheel Industry Forecast” looks at past sales and reviews total world Forged Alloy Alumunium Wheel sales in 2022, providing a comprehensive analysis by region and market sector of projected Forged Alloy Alumunium Wheel sales for 2023 through 2029. With Forged Alloy Alumunium 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 Alumunium Wheel industry.
This Insight Report provides a comprehensive analysis of the global Forged Alloy Alumunium 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 Alumunium 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 Alumunium Wheel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forged Alloy Alumunium 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 Alumunium Wheel.
The global Forged Alloy Alumunium 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.
Global Forged Alloy Alumunium Wheel key players include CITIC Dicastal, Superior Industries, Alcoa, Gemsy Wheels, BBS GmbH, etc. Global top five manufacturers hold a share over 35%.
Europe is the largest market, with a share about 30%, followed by China, and North America, both have a share over 45 percent.
In terms of product, OEM is the largest segment, with a share over 90%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Forged Alloy Alumunium 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
Otto Fuchs
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 Alumunium Wheel market?
What factors are driving Forged Alloy Alumunium Wheel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Forged Alloy Alumunium Wheel market opportunities vary by end market size?
How does Forged Alloy Alumunium 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.