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Automotive Steel Wheels Market by Service and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 133
  • SKU: IRTNTR44779
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The automotive steel wheels market share is expected to increase by 33.92 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.79%.

This automotive steel wheels market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive steel wheels market segmentation by application (passenger cars, LCVs, and M and HCVs) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The automotive steel wheels market report also offers information on several market vendors, including Accuride Corp., ALCAR HOLDING GMBH, Automotive Wheels Ltd., BBS GmbH, Bharat Wheel Pvt. Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri Spa, ENKEI WHEELS INDIA Ltd., Fastco Canada, Jantsa Jant Sanayi ve Tic AS, JS Wheels, Klassic Wheels Ltd., MAXION Wheels, RONAL AG, STARCO Europe AS, Steel Strips Wheels Ltd., The Carlstar Group LLC, thyssenkrupp AG, Topy Industries Ltd., and WIL Car Wheels Ltd. among others.

What will the Automotive Steel Wheels Market Size be During the Forecast Period?

Automotive Steel Wheels Market Size

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Automotive Steel Wheels Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growth of the automotive industry in emerging economies is notably driving the automotive steel wheels market growth, although factors such as limitations of steel wheels may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive steel wheels industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Steel Wheels Market Driver

One of the key factors driving growth in the automotive steel wheels market is the growth of the automotive industry in emerging economies. The increase in economic activities in emerging nations has led to the growth of per capita income in these countries. As cities are at the centre of economic development, increasing economic development has led to the growth of major cities and urbanization. In most of the cities in developing economies, governments are unable to meet the public transport needs of the growing population. This has led most urban commuters to purchase cars for convenient commuting, resulting in the robust growth of the automotive industry in these countries. Furthermore, the inability of the railways to provide last-mile connectivity and the growing popularity of e-commerce sites have led to the rise in sales of heavy CVs for logistics in emerging economies. As automotive pumps play a vital role in ensuring the efficient working of automotive engines, the growth of the automotive industry in emerging economies is a prime factor that will drive the global automotive steel wheels market.

Key Automotive Steel Wheels Market Trend

The advent of carbon fiber alloy wheels is an automotive steel wheels market trend that is expected to have a positive impact in the coming years. Carbon fiber alloy wheels are one of the main substitutes for aluminum alloy wheels, as carbon fiber is stronger than aluminum and has half its weight. Although the aluminum alloy wheel is lightweight, the processing of an aluminum alloy wheel can affect its strength and stiffness. Carbon fiber alloy wheels are used by vehicle manufacturers in passenger vehicles as they help in enhancing vehicle efficiency, comfort, and control. Several enterprises are offering carbon fiber alloy wheels to vehicle manufacturers. Carbon fiber alloy wheels help in meeting emission targets due to their lightweight feature. Thus, the increase in the adoption of fiber alloy wheels acts as a negative trend in the global automotive steel wheels market.

Key Automotive Steel Wheels Market Challenge

The limitations of steel wheels will be a major challenge for the automotive steel wheels market during the forecast period. Steel wheels are not compatible with vehicles that have large wheels. They also cannot replace large alloy wheels. Steel wheels are not suitable for performance vehicles, such as performance sedans, sports cars, supercars, and hypercars. They cannot provide the intended performance that is demanded by the powerful powertrain of performance vehicles, owing to rapid acceleration and deceleration. In terms of looks, steel wheels are not aesthetic. Hence, several car owners replace them with alloy wheels. Such limitations of steel wheels challenge the growth of the global automotive steel wheels market.

This automotive steel wheels market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive steel wheels market as a part of the global auto parts and equipment market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive steel wheels market during the forecast period.

Who are the Major Automotive Steel Wheels Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accuride Corp.
  • ALCAR HOLDING GMBH
  • Automotive Wheels Ltd.
  • BBS GmbH
  • Bharat Wheel Pvt. Ltd.
  • Central Motor Wheel of America Inc.
  • CLN Coils Lamiere Nastri Spa
  • ENKEI WHEELS INDIA Ltd.
  • Fastco Canada
  • Jantsa Jant Sanayi ve Tic AS
  • JS Wheels
  • Klassic Wheels Ltd.
  • MAXION Wheels
  • RONAL AG
  • STARCO Europe AS
  • Steel Strips Wheels Ltd.
  • The Carlstar Group LLC
  • thyssenkrupp AG
  • Topy Industries Ltd.
  • WIL Car Wheels Ltd.

 

This statistical study of the automotive steel wheels market encompasses successful business strategies deployed by the key vendors. The automotive steel wheels market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • accuridecorp.com - The company offers automotive steel wheels featuring high-strength, low-alloy steel, to counterbalance the added weight and one can enjoy the advantages of increased payload and fuel savings without reducing load rating.

  • accuridecorp.com - Under the unified segment, the company offers various products such as aluminum wheels, steel wheels, brake drums, brake rotors, slack adjusters, and hubs and assemblies.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive steel wheels market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Steel Wheels Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive steel wheels market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Steel Wheels Market?

Automotive Steel Wheels Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

73% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive steel wheels in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing adoption of PCs and CVs in China will facilitate the automotive steel wheels market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 drastically impacted the regional automotive steel wheels market in 2020 in APAC. Wuhan, the city where the outbreak of COVID-19 originated, is one of China's major automotive production (parts and cars) sites. However, with the introduction of COVID-19 vaccines and the resumption of production facilities in the automotive industry, the regional automotive steel wheels market has started to recover since 2021. The increase in the sales of EVs in APAC, especially in China, due to various government initiatives, is a crucial trend for the adoption of automotive steel wheels.

What are the Revenue-generating Application Segments in the Automotive Steel Wheels Market?

Automotive Steel Wheels Market Share

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The automotive steel wheels market share growth in the passenger cars segment will be significant during the forecast period. The PCs segment dominates the global automotive steel wheels market. The automakers of entry-level PCs are increasing the adoption of steel wheels due to their cost-effectiveness. Hence, the demand for steel wheels is increasing in the PCs segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive steel wheels market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Automotive Steel Wheels Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.79%

Market growth 2022-2026

33.92 mn units

Market structure

Fragmented

YoY growth (%)

2.19

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 73%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accuride Corp., ALCAR HOLDING GMBH, Automotive Wheels Ltd., BBS GmbH, Bharat Wheel Pvt. Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri Spa, ENKEI WHEELS INDIA Ltd., Fastco Canada, Jantsa Jant Sanayi ve Tic AS, JS Wheels, Klassic Wheels Ltd., MAXION Wheels, RONAL AG, STARCO Europe AS, Steel Strips Wheels Ltd., The Carlstar Group LLC, thyssenkrupp AG, Topy Industries Ltd., and WIL Car Wheels Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Automotive Steel Wheels Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive steel wheels market growth during the next five years
  • Precise estimation of the automotive steel wheels market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive steel wheels industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive steel wheels market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 (million units)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 (million units)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 LCVs - Market size and forecast 2021-2026
      • Exhibit 32: Chart on LCVs - Market size and forecast 2021-2026 (million units)
      • Exhibit 33: Data Table on LCVs - Market size and forecast 2021-2026 (million units)
      • Exhibit 34: Chart on LCVs - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on LCVs - Year-over-year growth 2021-2026 (%)
    • 5.5 M and HCVs - Market size and forecast 2021-2026
      • Exhibit 36: Chart on M and HCVs - Market size and forecast 2021-2026 (million units)
      • Exhibit 37: Data Table on M and HCVs - Market size and forecast 2021-2026 (million units)
      • Exhibit 38: Chart on M and HCVs - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on M and HCVs - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application (million units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (million units)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (million units)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 (million units)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 (million units)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 (million units)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 (million units)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography (million units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Accuride Corp.
              • Exhibit 93: Accuride Corp. - Overview
              • Exhibit 94: Accuride Corp. - Product / Service
              • Exhibit 95: Accuride Corp. - Key offerings
            • 10.4 ALCAR HOLDING GMBH
              • Exhibit 96: ALCAR HOLDING GMBH - Overview
              • Exhibit 97: ALCAR HOLDING GMBH - Product / Service
              • Exhibit 98: ALCAR HOLDING GMBH - Key offerings
            • 10.5 Automotive Wheels Ltd.
              • Exhibit 99: Automotive Wheels Ltd. - Overview
              • Exhibit 100: Automotive Wheels Ltd. - Product / Service
              • Exhibit 101: Automotive Wheels Ltd. - Key offerings
            • 10.6 Bharat Wheel Pvt. Ltd.
              • Exhibit 102: Bharat Wheel Pvt. Ltd. - Overview
              • Exhibit 103: Bharat Wheel Pvt. Ltd. - Product / Service
              • Exhibit 104: Bharat Wheel Pvt. Ltd. - Key offerings
            • 10.7 Central Motor Wheel of America Inc.
              • Exhibit 105: Central Motor Wheel of America Inc. - Overview
              • Exhibit 106: Central Motor Wheel of America Inc. - Product / Service
              • Exhibit 107: Central Motor Wheel of America Inc. - Key offerings
            • 10.8 Fastco Canada
              • Exhibit 108: Fastco Canada - Overview
              • Exhibit 109: Fastco Canada - Product / Service
              • Exhibit 110: Fastco Canada - Key offerings
            • 10.9 Klassic Wheels Ltd.
              • Exhibit 111: Klassic Wheels Ltd. - Overview
              • Exhibit 112: Klassic Wheels Ltd. - Product / Service
              • Exhibit 113: Klassic Wheels Ltd. - Key offerings
            • 10.10 MAXION Wheels
              • Exhibit 114: MAXION Wheels - Overview
              • Exhibit 115: MAXION Wheels - Product / Service
              • Exhibit 116: MAXION Wheels - Key offerings
            • 10.11 Steel Strips Wheels Ltd.
              • Exhibit 117: Steel Strips Wheels Ltd. - Overview
              • Exhibit 118: Steel Strips Wheels Ltd. - Product / Service
              • Exhibit 119: Steel Strips Wheels Ltd. - Key offerings
            • 10.12 Topy Industries Ltd.
              • Exhibit 120: Topy Industries Ltd. - Overview
              • Exhibit 121: Topy Industries Ltd. - Business segments
              • Exhibit 122: Topy Industries Ltd. - Key offerings
              • Exhibit 123: Topy Industries Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 124: Inclusions checklist
                • Exhibit 125: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 126: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 127: Research methodology
                • Exhibit 128: Validation techniques employed for market sizing
                • Exhibit 129: Information sources
              • 11.5 List of abbreviations
                • Exhibit 130: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Steel Wheels market growth will increase by $-1.69 million units during 2019-2024.
              The automotive steel wheels market is expected to grow at a CAGR of -0.14% during 2019-2024.
              Technavio has segmented the automotive steel wheels market by application (Passenger cars, LCVs, and M and HCVs) and geographic (APAC, Europe, North America, South America, and MEA).
              Accuride Corp., ALCAR HOLDING GmbH, Central Motor Wheel of America Inc., Fastco Canada, Iochpe-Maxion SA, Klassic Wheels Ltd., Mangels Industrial SA, Shanghai Baosteel Autoparts Co. Ltd., Steel Strips Wheels Ltd., Topy Industries Ltd. are a few of the key vendors in the automotive steel wheels market.
              APAC will register the highest growth rate of -131.36% among the other regions. Therefore, the automotive steel wheels market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • China
              • US
              • Japan
              • Germany
              • South Korea (Republic of Korea)
              • India
              The key factors driving the automotive steel wheels market growth are:
              • Growth of automotive industry in emerging economies
              • Development of ultra-lightweight steel wheels for commercial vehicles
              The automotive steel wheels market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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