Global automobile alloy wheels market

Page 1

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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