Market Highlights
Global Automotive Wheel RimsMarket is anticipated to register a CAGR of 4% between 2020 and 2026 and reachan approximate value of USD 45 Billion in 2026. A wheel rim is a part ofthe wheel, which is designed to hold the tire. Wheel rims need to be strongenough to bear vehicle weight and withstand forces generated by motion.Materials that are used to produce wheels have become sophisticated, and steel,non-ferrous alloys, Aluminum, and Magnesium are the most common. Alloy wheelsare gaining popularity due to their appearance as well as low weight ascompared to steel wheels. Aluminum acts as a conductor of heat, and alloywheels dissipate heat from tires and brakes more effectively than steel wheels.Wheel rims mainly affect the braking of a vehicle. There have been tremendousdevelopments in the wheel rims industry during the last couple of years.
In 2019, Asia-Pacific ContributedSignificantly to the Automotive Wheel Rims Market in Terms of Share: MRFR
Get Latest Sample Report Here@https://www.marketresearchfuture.com/sample_request/10101
Based on region, the globalautomotive wheel rims market is segmented into North America, Europe, Asia-Pacific,and the rest of the world. Asia-Pacific accounts for a major share of theglobal automotive wheel rims market, owing to the high adoption of automotivewheel rims by the booming automotive sector in the region, especially in Chinaand India. The automotive wheel rims market is segmented based on size,material, end user, and region. Based on size, the global automotive wheel rimsmarket has been segmented into 13-15-inch, 16-18-inch, 19-21-inch, and >21inches. Based on material, the automotive wheel rims market has been segmentedinto steel, alloy, and carbon fiber. The alloy material segment held asignificant share and is anticipated to grow at a high rate during the forecastperiod due to the consumers’ increasing preference. They are highly preferreddue to benefits such as being lightweight, improving the vehicle-handlingdynamics, and enabling compliance with stringent emission norms. By end users,the global automotive wheel rims market has been bifurcated into OEM andaftermarket. The OEM end-user segment held a significant share in the globalmarket in 2019.
Global Automotive Wheel RimsMarket is anticipated to register a CAGR of 4% between 2020 and 2026 and reachan approximate value of USD 45 Billion by 2026.
Scope of the Report
This report provides an in-depthanalysis of the global automotive wheel rims market, tracking three marketsegments across four geographic regions. The report studies key players,providing a five-year annual trend analysis that highlights the AutomotiveWheel Rims Market size and shares for North America, Europe, Asia-Pacific,and the rest of the world. The report also presents a forecast, focusing on themarket opportunities for the next five years for each region. The scope of thestudy segments the global automotive wheel rims market by size, material,end-user, and region.
Access Report Details @ https://www.marketresearchfuture.com/reports/automotive-wheel-rims-market-10101
Size
13-15 Inch
16-18 Inch
19-21 Inch
>21 Inches
Material
Steel
Alloy
Carbon Fiber
End-user
OEM
Aftermarket
By Region
North America
Asia-Pacific
Europe
Rest of the World
Key Players
Key players in the globalautomotive wheel rims market are Accuride Corporation (US), Iochpe-Maxion(Brazil), Steel Strips Wheels (India), Superior Industries International (US),Hitachi Metals (Japan), Enkei (Japan), CiticDicastal (China), Borbet (Germany),Zhejiang Wanfeng Auto Wheel (China), Mefro Wheels (Germany), and MangelsIndustrial (Brazil), among others.
Don't miss out on business opportunities in Market. BuyNow and gain crucial industry insights that will help your business grow @https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=10101
About Market Research Future:
Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts who provideuseful analytics and data on technological and economic developments. Ourdeemed analysts make industrial visits and collect valuable information frominfluential market players. Our main goal is to keep our clients informed ofnew opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, AmanoraChambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Related Report:
