Aluminum Alloy Metal in for a Bright Future in the Global Automotive Metal Wheel

Posted by Arslan on February 18th, 2019

 A comprehensive study by Fact.MR on the global market for automotive metal wheels offers critical insights on the aforesaid market, assessed for a period of five years, 2017-2022. Fact.MR forecasts that the global metal wheel market would record a sluggish CAGR through 2022, lying in the high value-low growth quadrant during the said timeline. The global automotive metal wheel market is anticipated to stand at a valuation of approximately US$ 92 Billion by the end of the forecast period. Fact.MR opines that increasing demand for light weight wheels for better fuel economy and vehicular performance is a major factor restraining the widespread adoption of automotive metal wheel, globally. Moreover, since metal wheels are more exposed to rust and corrosion, automotive wheel manufacturers prefer using alloy.

Segmentation Analysis – Global Automotive Metal Wheel Market

The report categorizes the global automotive metal wheel market into various segments, further elaborating on the comparison of YoY growth, revenue, and market share on the basis of four key segments of the automotive metal wheel market, including:

  • Material type (steel, aluminum alloy, magnesium, composites, and others)
  • Sales channel (OEMs, aftermarket)
  • Vehicle type (compact PCs, mid-sized PCs, luxury PCs, premium PCs, LCVs, HCVs)
  • Technology type (casting and forging)

Ongoing Design Innovations to Reinvent the Automotive Metal Wheel Landscape

To keep abreast with the requirements from OEMs and end-use consumers demanding lighter and performance-efficient wheels, manufacturers in the global automotive metal wheel market are investing in a broad range of product simulations during the wheel development phase. Product simulations including wheel stiffness for noise reduction, natural frequency analysis of wheels, and torque simulations are likely to improve the quality of metal wheels and reduce development time.

Browse Full report with TOC:

The in-depth view of the global automotive metal wheel market and includes the following sub-sections:

  • Market Taxonomy
  • Market Definition
  • Market Size and Forecast
  • Year-on-Year (YoY) Growth
  • Key Market Dynamics including drivers, restraints, and trends
  • Supply chain analysis
  • Cost structure analysis
  • Pricing analysis
  • Raw Material Sourcing Strategy and Analysis
  • List of Distributors
  • Key Participants Market Presence (Intensity Map) By Region

An extensive coverage of the market dynamics in this section, would allow the stakeholders

to recognize the market opportunities and make informed decisions

Manufacturers of automotive metal wheels have been experimenting with Titanium alloy-especially in electric vehicles, by replacing aluminum wheel centers with titanium alloys for light weight wheels. Additionally, manufacturers are also using carbon fiber band instead of aluminum for a significant reduction in weight and rotational inertia in automotive metal wheels.

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