Rims Coating Market Trends and Forecast
The future of the global rims coating market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global rims coating market is expected to grow with a CAGR of 3.0% from 2024 to 2030. The major drivers for this market are increasing demand for vehicle customization & aesthetics, rising awareness about vehicle protection & durability, and growing automotive industry & vehicle production.
• Lucintel forecasts that painted is expected to witness the highest growth over the forecast period.
• Within this market, passenger vehicle is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Rims Coating Market
• United States: PPG Industries announced a new advanced rim coating product line aimed at enhancing durability and aesthetics, targeting the automotive aftermarket.
• Germany: BASF launched a sustainable rim coating solution with low VOC emissions, aligning with the governmentÄX%$%Xs green initiatives and automotive industry standards.
• Japan: Kansai Paint iIntroduced a high-performance rim coating designed for electric vehicles, focusing on lightweight and energy-efficient materials to support the countryÄX%$%Xs EV targets.
• China: Nippon Paint expanded its production capacity to meet the rising demand for premium rim coatings, in response to the governmentÄX%$%Xs push for higher quality automotive components.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Rims Coating Market by Segment
The study includes a forecast for the global rims coating market by type, application, and region.
Rims Coating Market by Type [Value from 2018 to 2030]:
• Painted
• Powder Coated
• Ceramic Coating
• Others
Rims Coating Market by Application [Value from 2018 to 2030]:
• Passenger Vehicle
• Commercial Vehicle
• Others
Rims Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Rims Coating 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 rims coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rims coating companies profiled in this report include-
• Bullscoating
• Gtechniq
• Gyeon
• Carbon Collective
• Lankwitzer Lackfabrik
• AutoCraze
• NANOTEKAS
Recent Development in the Rims Coating Market
• Axalta Coating Systems: Expanded its product portfolio with a new high-temperature resistant rim coating. This innovative solution is targeted at high-performance and luxury vehicles, providing enhanced resistance to heat and braking forces, thus ensuring longer-lasting protection and aesthetics.
• AkzoNobel: Announced a partnership with a leading automotive manufacturer to develop custom rim coatings tailored to specific vehicle models. This collaboration aims to deliver coatings that meet exacting standards for durability, appearance, and performance, thereby enhancing the overall quality of the vehicle.
• Sherwin-Williams: Unveiled a new technology for rim coatings that incorporates nanotechnology to enhance scratch resistance and durability. This innovative approach ensures that rims maintain their appearance and structural integrity over longer periods, even under harsh driving conditions.
• Valspar: Developed a new range of quick-drying rim coatings aimed at improving production efficiency for automotive manufacturers. This product line not only reduces application time but also enhances the overall finish and protection of the rims, making it an attractive option for high-volume production environments.
Features of the Global Rims Coating Market
Market Size Estimates: Rims coating 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: Rims coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Rims coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the rims coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rims coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for rims coating market?
Answer: The global rims coating market is expected to grow with a CAGR of 3.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the rims coating market?
Answer: The major drivers for this market are increasing demand for vehicle customization & aesthetics, rising awareness about vehicle protection & durability, and growing automotive industry & vehicle production.
Q3. What are the major segments for rims coating market?
Answer: The future of the rims coating market looks promising with opportunities in the passenger vehicle and commercial vehicle markets.
Q4. Who are the key rims coating market companies?
Answer: Some of the key rims coating companies are as follows:
• Bullscoating
• Gtechniq
• Gyeon
• Carbon Collective
• Lankwitzer Lackfabrik
• AutoCraze
• NANOTEKAS
Q5. Which rims coating market segment will be the largest in future?
Answer: Lucintel forecasts that painted is expected to witness the highest growth over the forecast period.
Q6. In rims coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. 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 rims coating market by type (painted, powder coated, ceramic coating, and others), application (passenger vehicle, commercial vehicle, and others), 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 Rims Coating Market Market, Rims Coating Market Market Size, Rims Coating Market Market Growth, Rims Coating Market Market Analysis, Rims Coating Market Market Report, Rims Coating Market Market Share, Rims Coating Market Market Trends, Rims Coating Market Market Forecast, Rims Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.