Global Automotive Steel Wheels Market 2017-2021 - Key vendors are Maxion Wheels, Accuride Wheel End Solutions & Steel Strips Wheels - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Automotive Steel Wheels Market 2017-2021" report to their offering.

The analysts forecast the global automotive steel wheels market to grow at a CAGR of 2.64% during the period 2017-2021.

Global Automotive Steel Wheels Market 2017-2021, 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 driver in market is low penetration of passenger cars in APAC. The penetration of passenger cars in APAC is low compared with other regions, which leads to an increase in the number of OEMs in this region. In 2016, India recorded one of the lowest car penetrations in the world, of about 15 cars per 1,000 people.

Key vendors

  • Maxion Wheels
  • Accuride Wheel End Solutions
  • Steel Strips Wheels

Other prominent vendors

  • Alcar Holding
  • Bharat Wheel
  • KIC

Market Dynamics

Market drivers

  • Low penetration of passenger cars in APAC
  • Increasing preference for M&HCVs for transporting freight
  • Growth in promotion of budget cars by OEMs for emerging countries

Market challenges

  • Growing concern toward increasing greenhouse gas emissions from automotive industry
  • Stringent government regulations for owning cars in China
  • Growing preference for alloy wheels in passenger cars
  • Impact of drivers and challenges

Market trends

  • Advances in technology by OEMs for manufacturing steel wheels
  • Growing preference for lightweight steel wheels
  • Increasing demand of low-priced cars in APAC

Key Topics Covered:

Executive summary

Research Methodology

  • Introduction
  • Key market highlights

Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

Market segmentation by product

  • Global automotive steel wheels market segmentation by application
  • Global automotive steel wheels market in passenger cars segment
  • Global automotive steel wheels market in LCVs segment
  • Global automotive steel wheels market in M&HCVs segment

Geographical segmentation

  • Global automotive steel wheels market by geography
  • Automotive steel wheels market in Americas
  • Automotive steel wheels market in Europe
  • Automotive steel wheels market in APAC

Vendor Landscape

  • Competitive scenario
  • Other prominent vendors

Companies Mentioned

  • Maxion Wheels
  • Accuride Wheel End Solutions
  • Steel Strips Wheels
  • ALCAR HOLDING
  • Bharat Wheel
  • KIC.

For more information about this report visit https://www.researchandmarkets.com/research/qb2rtw/global_automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Materials

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Materials