Automotive Alloy Wheel Market Analysis 2020 Research Report

Posted by Abhijeet Bendre on January 21st, 2020

Market Research Future published a Half Cooked research report on “Global Alloy Wheel Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Automotive Alloy Wheel Global Market – Overview

The Global Automotive Alloy Wheel Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Alloy Wheel will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).

Steel and alloy wheels are the two most common types of wheels used in cars. Automotive alloy wheel is made up of alloy of light metals such as aluminum, nickel and others. Alloy wheels are stronger and lighter than steel and they also improve the appearance of the car. Consumers are becoming more conscious about the external styling of the vehicles and better riding quality, which is pushing the market towards growth. Easy acceleration of the car, growing disposable income, improved driving experience and lower cost are some of the driving factors of the automotive Alloy Wheel market.

In automotive industry, pricing factor has always been a point of discussion before purchase. Here, the discussion is of Automotive Alloy Wheel such as electric cars, pickups, trucks and others. As per the market statistics, the sales of Automotive Alloy Wheel is rising very rapidly in developed countries such as the US, China, Germany, UK, Norway and others. All these countries are developed and has very good economy with healthy disposable income. As a result, the sales has increased. But moving towards the developing and undeveloped countries, the high prices of Automotive Alloy Wheel has become a major hindrance for market growth. Countries such as India, Indonesia and Brazil consumes a large pool of population but still the trend of Automotive Alloy Wheel has not come into pace

The adaptive front light systems market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the adaptive front light systems market. The total four wheeler production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2020. This results as a primary factor driving the adaptive front light systems as lighting acts as an essential safety feature of a vehicle. Thus the growth of the adaptive front light systems market is expected to go hand in hand with the automotive industry.

Ferrous Commodities such as steel and iron are subjected to steep price fluctuations more often than not. These price fluctuations often end up negatively impacting the automotive industry. The increasing demand for steel is directly proportional to the increasing demand for automobiles across the globe. Raw materials are the biggest cost driver for the automotive industry with approximately 22% of an automaker’s operational costs depending on steel. Steel being an essential part of the automotive industry mainly due to the lack of availability of substitutes, when subjected to sharp price fluctuations ends up hampering the overall growth of the automotive industry and in turn directly impacting the Automotive Alloy Wheel market.

Competitive Snapshot:

The global Automotive Alloy Wheel market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. In addition, in-house research and development capabilities, global footprint network, material offerings, R&D investments, and strong client base have become the key areas to gain an edge over the competitors.

The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality Automotive Alloy Wheel services, in order to survive and succeed in an intensely competitive market environment.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…

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