Global Automotive Aluminum Wheel Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
City of Industry, CA -- (SBWIRE) -- 06/15/2018 -- This report studies the global Automotive Aluminum Wheel market status and forecast, categorizes the global Automotive Aluminum Wheel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Automotive Aluminum Wheel is made by the aluminum alloy. The aluminum wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.
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In the next few years, Aluminum Wheel industry will maintain increasing at a relatively high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field.
The classification of Aluminum Wheel includes Casting, Forging and Other. The proportion of Casting in 2016 is about 84.29%. Cast wheels are cheaper than forged wheels, which are lighter and stronger.
Aluminum Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Aluminum Wheel is used in Passenger Vehicle, and the sales proportion in 2016 is about 95.80%.
China and Europe is the main consumption places, with a consumption market share nearly 26.85% and 25.74% in 2016. Other regions also enjoy the major market share in global region.
In the future, the aluminum wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weaken. The installed rate in the commercial vehicle will increase.
The global Automotive Aluminum Wheel market is valued at 13200 million US$ in 2017 and will reach 14900 million US$ by the end of 2025, growing at a CAGR of 1.6% during 2018-2025.
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The major players covered in this report
Borbet (Germany)
CITIC Dicastal (China)
Ronal Wheels (Switzerland)
Alcoa (US)
Superior Industries (US)
Iochpe-Maxion (Brazil)
Uniwheel Group (Germany)
Wanfeng Auto (China)
Lizhong Group (China)
Enkei Wheels (Japan)
Accuride (US)
YHI International Limited (Singapore)
Topy Group (Japan)
Kunshan Liufeng (China)
Zhejiang Jinfei (China)
Yueling Wheels (China)
Zhongnan Aluminum Wheels (China)
Anchi Aluminum Wheel (China)
Guangdong Dcenti Auto-Parts (China