DUBLIN--(BUSINESS WIRE)--The "Automotive Wheel Market by Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class, End-Use, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive wheel market is estimated to be USD 32.87 billion in 2017 and is projected to reach USD 50.54 billion by 2025, at a CAGR of 5.52% from 2017 to 2025
The report covers the automotive wheel market, in terms of volume (million units) and value (USD million). It explains the qualitative and quantitative aspects of the automotive wheel market, which is segmented by material (steel, alloy, carbon fiber, and others), vehicle type (passenger, light commercial, and heavy commercial vehicles), vehicle class (economy, mid-priced, and luxury-priced), rim size (13"-15", 16"-18", 19"-21", & above 21"), end-use (OE and aftermarket), off-highway (construction and mining, and agriculture tractors) and region.
The market growth is primarily driven by the increasing demand for vehicle weight reduction and growing vehicle production. However, engineering barriers can restrain the growth of the global automotive wheel market.
The Asia Pacific region leads the automotive wheel market, owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at >6.0% CAGR over the period of next five years. Increasing vehicle production has, in turn, increased the demand for wheels in this region. Many wheel manufacturers have set up their manufacturing plants in the region.
These include Iochpe-Maxion (Brazil), Steel Strips Wheels (India), Hitachi Metals (Japan), Enkei (Japan), Citic Dicastal (China), and Zhejiang Wanfeng Auto Wheel (China).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Automotive Wheel Market, By Off-Highway
8 Automotive Wheel Market for Automotive, By Vehicle Class
9 Automotive Wheel Market, By End Use
10 Automotive Wheel Market, By Vehicle Type
11 Automotive Wheel Market for Automotive, By Material
12 Automotive Wheel Market, By Rim Size & Region
13 Competitive Landscape
14 Company Profiles
- Iochpe-Maxion (Brazil)
- Superior Industries International (US)
- Accuride Corporation (US)
- Steel Strips Wheels (India)
- Hitachi Metals (Japan)
- Enkei (Japan)
- Citic Dicastal (China)
- Zhejiang Wanfeng Auto Wheel (China)
- Borbet (Germany)
- Mangels Industrial (Brazil)
- Mefro Wheels (Germany)
- Alcar (Austria)
- Kalink (South Korea)
- Ronal (Switzerland)
- ThyssenKrupp (Germany)
- Vossen Wheels (US)
- HRE Wheels (US)
- Rays (Japan)
- Weds (Japan)
- Topy Industries (Japan)
For more information about this report visit https://www.researchandmarkets.com/research/jbvvjh/automotive_wheel?w=4