Global Automotive Wheel Market Outlook to 2026: A $56.25 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Automotive Wheel - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Automotive Wheel Market accounted for $31.25 billion in 2017 and is expected to reach $56.25 billion by 2026 growing at a CAGR of 6.7% during the forecast period.
Factors such as improved vehicle dynamics, rising vehicle production, growing demand for luxury cars, increased demand for lightweight materials and rise in the promotion of budget cars are some factors boosting the market growth. However, factors such as low maintenance and volatility in raw material prices are restricting the market growth.
Based on vehicle type, passenger vehicles segment held significant market share during the forecast period. Heavy R&D along with emergence of cost efficient passenger cars has more encouraged the product demand.
By Geography, Asia Pacific region is anticipated to be the largest market. The growth for the market in this region is due to a variety of factors such as attractive FDI from governments, improved infrastructure spending, increasing per capita income, economic production cost, lenient environment rules and so on. Additionally, the number of vehicles on the road is growing due to the improving road infrastructure and increase in disposable income.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Wheel Market, By Vehicle Class
6 Global Automotive Wheel Market, By Off-Highway
7 Global Automotive Wheel Market, By Material
8 Global Automotive Wheel Market, By Product
9 Global Automotive Wheel Market, By End-User
10 Global Automotive Wheel Market, By Vehicle Type
11 Global Automotive Wheel Market, By Geography
12 Key Developments
13 Company ProfilingAccuride Alcar Borbet Citic Dicastal Enkei Hitachi Metals HRE Wheels Iochpe-Maxion Kalink Mangels Industrial Mefro Wheels Rays Ronal Steel Strips Wheels Superior Industries International Thyssenkrupp Topy Industries Vossen Wheels Weds Zhejiang Wanfeng Auto Wheel
For more information about this report visit https://www.researchandmarkets.com/research/fbx7lc/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005410/en/
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Related Topics:Suspension Systems and Components
INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/27/2018 06:59 AM/DISC: 09/27/2018 06:59 AM