Global Automotive Steel Wheels Industry Forecast to 2022 - Low Development Cost and Advantages of Steel Wheels is Driving Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The “Global Automotive Steel Wheels Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global automotive steel wheels market is expected to grow to 312.64 million units by 2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is vendors incorporating advanced manufacturing technology for high-strength steel wheels. Technological advancements in industrial manufacturing have led to the development of advanced products and solutions. The global automotive industry is also witnessing the use of latest tools and techniques for design, development, and manufacturing.
According to the report, one driver in the market is low development cost and advantages of steel wheels. Compared to alloy wheels, the cost of manufacturing steel wheels is quite less. This is one of the major advantages of steel wheels. In addition, steel wheels are exceptionally durable; they seldom crack or bend.
Further, the report states that one challenge in the market is increasing penetration of aluminum alloy wheels. Steel wheels have been in the automotive industry for many years and have found fitment in most vehicles. However, aluminum alloy wheels are rapidly finding traction in the global automotive market.
Key VendorsAccuride Alcar Holding Fastco Canada IOCHPE Steel Strips Wheel Topy Industries
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Vehicle Type
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/287ww9/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180613006012/en/
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Related Topics:Automotive Materials
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING
SOURCE: Research and Markets
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PUB: 06/13/2018 01:16 PM/DISC: 06/13/2018 01:16 PM