Vision
Value
Visibility Report Code :AM 1085
2016-2024
Global Automobile Alloy Wheels Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Executive Summary Global Automobile Alloy Wheels Market Share(%), By Region-20162024
Global Automobile Alloy Wheels Market Size USD (Billion). 2016-2024
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XX%
CAGR: (2016-2024)
XX% XX% XX%
XX% XX% XX%
2024
2016
XX% 2015e
2016f
2017f
2018f
2019f
2020f
2021f
2022f
2023f
North America
Source: Goldstein Research
In 2016,
XX%
XX% Europe
Asia Pacific
Latin America
Middle East & Africa
Source: Goldstein Research
Aluminium accounted for the highest market share XX % in Global Automobile Alloy Wheels Market
Global Automobile Alloy Wheels Market Share(%), By Vehicle Type-2016
3% 7%3% 12%
XX%
XX%
Passenger Cars
Buses & Coaches
Global Automobile Alloy Wheels Market Share(%), By End User-2016
Aluminium
XX%
30%
Light Commercial Vehicles
75%
North America
With share in 2016, region dominated the collective Global Automobile Alloy Wheels market
Global Automobile Alloy Wheels Market Share(%), By Material Type-2016
Aftermarke t
XX% Magnesium XX%
70%
Carbon Fiber
Trailers
Source: Goldstein Research
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OEM
Steel
Heavy Trucks
Copyright
XX%
Source: Goldstein Research
Source: Goldstein Research
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Major Players Presence-Regional Analysis Major Players/ Industries
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Borbet Uniwheels CM Wheels Alcoa Wheels CITIC Dicastal Maxion Accuride Steel Strips Wheels Enkei wheels Superior industries TSW Alloy Wheels Source: Goldstein Research Copyright
High Penetration
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Medium Penetration
Low Penetration
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Global Automobile Alloy Wheels Market Size (USD Billion) & Growth Analysis Global Automobile Alloy Wheels Market Size (USD Billion)-2016-2024 XX
XX
XX%
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XX%
XX
XX
XX%
XX
XX%
XX
XX
XX%
XX
XX XX%
XX
XX%
XX
XX%
XX
XX
XX
XX XX
Global Automobile Alloy Wheels Market Y-O-Y Growth (%) Analysis-20162024
XX
XX
XX% XX%
XX% XX% XX% XX% XX%
XX%
XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
Global automobile alloy wheels market tends to increase at a CAGR of XX% and reach the market value of USD XX billion by 2024. In 2016, global automobile alloy wheels market valued USD XX billion owing to consumers’ great love affair with the automobile is set to grow ever more passionate, as an array of new technologies starts rapidly entering the cars – reshaping the travel experience for the millions that head out onto the roads every day Connected, and autonomous vehicles, will alter the business models for car manufacturers, dealers, repair workshops and other industry players, spurring interesting partnerships as new ecosystems form around the next-generation automobile. For example, Superior Industries International Inc. has made a USD XX million bid to acquire Uniwheels AG, a deal that it expects will establish itself a global supplier of cast aluminum wheels to numerous automakers and holds a XX% shareholding in Uniwheels AG Copyright
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2024
Market Dynamics
Growth Drivers
Growth Barriers
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Rapid urbanizatio n-on
Better Heat Conduction/Dissi pation
General Trend
Highly Complex
Moderately Complex
Waived
Advancement Copyright
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Global Automobile Alloy Wheels Market Share(%) - By Vehicle Type, 2016-2024 Global Automobile Alloy Wheels Industry Share, By Vehicle Type, 20162024
7%
7%
3% 3%
12%
Light Commercial Vehicles
2016
2024
Heavy Trucks
75%
Buses & Coaches
There has been a healthy growth rate in the economies of Asian pacific countries, which enables propel the automotive wheel rims market. Growing disposable income of consumers along with changing the life style is expected to boost the global automotive wheel rims market.
e l p
m a S
Source: Goldstein Research
Global Global Automobile Automobile Alloy Alloy Wheels Wheels Market Market Size Size (USD (USD Billion), Billion), By By Vehicle Vehicle TypeType2016-2024 2016-2024 XX
XX
XX
Passenger Cars Trailers
XX
XX
Source: Goldstein Research
XX
XX
2016 Light Commercial Vehicles
Heavy Trucks
The technological advancements and innovations in the automotive wheel rims market spur new opportunities for the companies in automobile industry. Global Automotive Wheel Rims market is expected to offers lucrative market over the forecast period.
75%
Trailers
2024 Buses & Coaches
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Global automotive alloy wheel in passenger car market tends to reach the valuation of USD XX billion by 2024, growing at a CAGR of XX% over the forecast period
Passenger Cars
3%
12%
XX
Key Findings
Global Global Automobile Automobile Alloy Alloy Wheels Wheels Production Production and and Sales Sales (Unit), (Unit), 2016-2024 2016-2024 Production
Sales
XX% XX%
XX
XX%
XX
XX%
XX
XX% XX%
XX
XX%
XX
XX
XX% XX%
XX
XX XXXX
XX% 2016
XX
XX
XX
XX
XX
XX
XX
XX
2017
2018
2019
2020
2021
2022
2023
2024
Source: Goldstein Research
Middle East & Africa Automobile Alloy Wheels Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 Middle East & Africa Automobile Alloy Wheels Market Size(USD Billion)-2016-2024
182,928.4 172,928.4 XX% 152,928.4 CAGR: (2016-2024) 141,934.5 131,569.4 122,244.8 113,569.9 105,774.7 98,541.8
Middle East & Africa Automobile Alloy Wheels Market Share By Vehicle Type, 2016-2024
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e l p 7%
2015e
2016f
2017f
2018f
2019f
m a S 2020f
2021f
2022f
2023f
Middle East & Africa Automobile Alloy Wheels Market Size (USD Millions), By Country-2016-2024 XX
XX
XX
XX
2016
2024 UAE
South Africa
Source: Goldstein Research
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12%
Light Commercial Vehicles
12%
3% 3%
Passenger Cars
3%
2016
Source: Goldstein Research
7%
2024
Heavy Trucks
Buses & Coaches
75%
75%
Trailers
Source: Goldstein Research
Middle East & Africa Automobile Alloy Wheels Market Size (USD Million), By Material Type-2016-2024 XX XX
XX XX XX XX XX XX
2016 Aluminium
2023 Steel
Magnesium
Source: Goldstein Research
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Carbon Fiber
Porter’s Five Force Model Sample Request Customer can easily switch to substitute products. So substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing ••Exit Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright
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e l p
Threat of new entrants
m a S Bargaining power of suppliers
The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit.
Bargaining Power of buyers
Threat of substitute products or services
The power of Buyers is significantly medium-high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is low-medium as there are multiple supplier for a particular test and these causes, for companies to compete on price when they do not have any point of differentiation.
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