Automotive Wheels Aftermarket is expected to grow at a significant CAGR during the forecast period from 2021 to 2027. The automotive wheels aftermarket is driven by the increasing automobile production & sales, advancement in tire manufacturing technology, and the rise in competition among tire manufacturers. In addition, cohesive government initiatives to improve road safety are fueling the market growth during the forecast period. The automotive industry has witnessed a steady increase in the average weight of vehicles. This is because the demand for safety and convenience features is increasing. Due to this, both OEMs and aftermarket players have devoted tremendous innovation and R&D efforts to the increasingly use of lightweight materials in order to reduce the overall weight of the vehicle and comply with government regulations related to vehicle fuel consumption and emissions. This leads to the increase in demand for automotive wheels aftermarket.
However, fluctuating price of raw material, and chances of accident due to tire bursting are the major concern for the market. North America is expected to show highest growth in the automotive wheels aftermarket during the forecast period due to the presence of major automobile makers along with the favorable policies of the government. The major players in the automotive wheels aftermarket includes
RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US) among others.
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A full report of Global Automotive Wheels After Market is available at: https://www.orionmarketreports.com/automotive-wheels-aftermarket-market/41587/
The following Segmentation are covered in this report:
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Aftermarket Type
- New Wheel Replacement
- Refurbished Wheel Fitment
By Material Type
- Alloy
- Steel
- Others (Carbon Fiber, Nickel)
By Coating Type
- Liquid Coating
- Powdered Coating
By Rim Size
- 13”–15” inch
- 16”–18” inch
- 19”–21” inch
- Above 21” inch
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Wheels After Market.
- The market share of the global Automotive Wheels After Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Wheels After Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Wheels After Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
