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Oct 12, 2018
The global automotive wheels aftermarket is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The major factor driving the growth of the global automotive wheels aftermarket during the forecast period is the increasing demand for lightweight materials in the automobile industry across the globe. Additionally, the rising sales of passenger cars with the changing preferences of consumers is also boosting the growth of the market.
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Furthermore, the growth of the market is can also be attributed to the owing to the stringent focus on lightweight materials and fuel consumption by the governments of developed regions such as Europe and North America. Moreover, the growing accident rates as well as changing consumer preferences for stylish wheels coupled with the government and market players to reduce carbon emissions is also boosting the growth of the global automotive wheels aftermarket during the forecast period.
The major companies serving the global automotive wheels aftermarket include Borbet GmbH, Enkei group, Maxion Wheels, Ronal Group, Superior Industries, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in November-2019, Enkei Wheels announced that it has signed a Joint Venture agreement with Nikkei MC Aluminium Co. Ltd Japan, Century Metal Recycling Limited, India, and Enkei Corporation, Japan. to incorporate a Joint Venture Company for manufacturing, importing, exporting, processing of primary or secondary metal, metal scrap recycling, and selling of aluminium alloys in molten and ingot forms.
Full report of Automotive Wheels Aftermarket Market available @ https://www.omrglobal.com/industry-reports/automotive-wheels-aftermarket
Market Coverage
- Segment Covered-
o By Vehicle Type
o By Aftermarket Type
o By Material Type
o By Coating Type
o By Product Type
o By Distribution Channel
o By Rim Size
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Borbet GmbH, Enkei group, Maxion Wheels, Ronal Group, Superior Industries.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Wheels Aftermarket Report by Segment
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Others
By Aftermarket Type
- New Wheel Replacement
- Refurbished Wheel Fitment
By Material Type
- Alloy
- Steel
- Others
By Coating Type
- Liquid Coating
- Powdered Coating
By Product Type
- Regular Wheels
- High-Performance Wheels
By Distribution Chanel
- Retail
- Wholesaler and Distributors
By Rim Size
- 13-15 Inch
- 16-18 Inch
- 19-21 Inch
- Above 21 Inch
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-wheels-aftermarket
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Article source: https://article-realm.com/article/Business/70361-Automotive-Wheels-Aftermarket-Market-Demand-Analysis-Regions-and-Forecast-2031.html
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