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Alloy Wheel Trends and Forecast

The future of the global alloy wheel market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global alloy wheel market is expected to reach an estimated $24.2 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight vehicles, rising consumer preference for personalized vehicles, and growing automotive industry.
Alloy Wheel Trends and Forecast

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Alloy Wheel by Segment

Alloy Wheel by Segment

The study includes a forecast for the global alloy wheel by type, material type, vehicle type, and region.

Alloy Wheel Market by Type [Shipment Analysis by Value from 2018 to 2030]:


• Forging
• Casting
• Others

Alloy Wheel Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:


• Magnesium Alloy
• Aluminum Alloy
• Titanium Alloy

Alloy Wheel Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:


• Passenger Vehicle
• Commercial Vehicle

Alloy Wheel Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Alloy Wheel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies alloy wheel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the alloy wheel companies profiled in this report include-
• BORBET
• Fuel Off-Road Wheels
• TSW Alloy Wheels
• Stamford Sport Wheels
• CITIC Dicastal Wheel Manufacturing
• Superior Industries
• Steel Strips Wheels
• RONAL GROUP
• Enkei Corporation
• MAXION Wheels

Alloy Wheel Market Insights

Lucintel forecasts that forging is expected to witness the higher growth over the forecast period.
Within this market, passenger vehicle is expected to witness the higher growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.

Features of the Global Alloy Wheel Market

Market Size Estimates: Alloy wheel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Alloy wheel market size by type, material type, vehicle type, and region in terms of value ($B).
Regional Analysis: Alloy wheel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, material types, vehicle types, and regions for the alloy wheel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the alloy wheel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the alloy wheel market size?
Answer: The global alloy wheel market is expected to reach an estimated $24.2 billion by 2030.
Q2. What is the growth forecast for alloy wheel market?
Answer: The global alloy wheel market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the alloy wheel market?
Answer: The major drivers for this market are increasing demand for lightweight vehicles, rising consumer preference for personalized vehicles, and growing automotive industry.
Q4. What are the major segments for alloy wheel market?
Answer: The future of the alloy wheel market looks promising with opportunities in the passenger vehicle and commercial vehicle markets.
Q5. Who are the key alloy wheel market companies?
Answer: Some of the key alloy wheel companies are as follows:
• BORBET
• Fuel Off-Road Wheels
• TSW Alloy Wheels
• Stamford Sport Wheels
• CITIC Dicastal Wheel Manufacturing
• Superior Industries
• Steel Strips Wheels
• RONAL GROUP
• Enkei Corporation
• MAXION Wheels
Q6. Which alloy wheel market segment will be the largest in future?
Answer: Lucintel forecasts that forging is expected to witness the higher growth over the forecast period.
Q7. In alloy wheel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the alloy wheel market by type (forging, casting, and others), material type (magnesium alloy, aluminum alloy, and titanium alloy), vehicle type (passenger vehicle and commercial vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Alloy Wheel Market, Alloy Wheel Market Size, Alloy Wheel Market Growth, Alloy Wheel Market Analysis, Alloy Wheel Market Report, Alloy Wheel Market Share, Alloy Wheel Market Trends, Alloy Wheel Market Forecast, Alloy Wheel Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary
2. Global Alloy Wheel Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Alloy Wheel Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Alloy Wheel Market by Type
3.3.1: Forging
3.3.2: Casting
3.3.3: Others
3.4: Global Alloy Wheel Market by Material Type
3.4.1: Magnesium Alloy
3.4.2: Aluminum Alloy
3.4.3: Titanium Alloy
3.5: Global Alloy Wheel Market by Vehicle Type
3.5.1: Passenger Vehicle
3.5.2: Commercial Vehicle
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Alloy Wheel Market by Region
4.2: North American Alloy Wheel Market
4.2.1: North American Alloy Wheel Market by Type: Forging, Casting, and Others
4.2.2: North American Alloy Wheel Market by Vehicle Type: Passenger Vehicle and Commercial Vehicle
4.3: European Alloy Wheel Market
4.3.1: European Alloy Wheel Market by Type: Forging, Casting, and Others
4.3.2: European Alloy Wheel Market by Vehicle Type: Passenger Vehicle and Commercial Vehicle
4.4: APAC Alloy Wheel Market
4.4.1: APAC Alloy Wheel Market by Type: Forging, Casting, and Others
4.4.2: APAC Alloy Wheel Market by Vehicle Type: Passenger Vehicle and Commercial Vehicle
4.5: ROW Alloy Wheel Market
4.5.1: ROW Alloy Wheel Market by Type: Forging, Casting, and Others
4.5.2: ROW Alloy Wheel Market by Vehicle Type: Passenger Vehicle and Commercial Vehicle
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Alloy Wheel Market by Type
6.1.2: Growth Opportunities for the Global Alloy Wheel Market by Material Type
6.1.3: Growth Opportunities for the Global Alloy Wheel Market by Vehicle Type
6.1.4: Growth Opportunities for the Global Alloy Wheel Market by Region
6.2: Emerging Trends in the Global Alloy Wheel Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Alloy Wheel Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Alloy Wheel Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: BORBET
7.2: Fuel Off-Road Wheels
7.3: TSW Alloy Wheels
7.4: Stamford Sport Wheels
7.5: CITIC Dicastal Wheel Manufacturing
7.6: Superior Industries
7.7: Steel Strips Wheels
7.8: RONAL GROUP
7.9: Enkei Corporation
7.10: MAXION Wheels
.

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Full Report: Alloy Wheel Market Report: Trends, Forecast and Competitive Analysis to 2030 Full Report $ 4,850
A 150 Page Report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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