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Below are some of the key findings from the automotive wheel accessories market research report
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The growing sales of automotive components and accessories through online channels will drive the automotive wheel accessories market growth in the forthcoming years. Consumers educate themselves about several automotive products through social media, mobile technology and online information provided by the aftermarket suppliers of products. Online sales channels have specifically supported the aftermarket for automotive components and accessories. Digitization is the key reason for the exponential growth of online sales channels. Increase in the use of social media, growing mobile technology and rising internet penetration are acting as catalysts for the increased sales of automotive components through online sales channels, in turn, contributing significantly to the automotive wheel accessories market size.
Increase in the demand for fuel-efficient cars will be major automotive wheel accessories market trend gaining prominence in the market. The key factors that contributed to the increase in the standards of fuel economy are the threat of potential shortages of oil and climate change. Fuel economy standards are also intended to improve the energy efficiency of vehicles. Therefore, OEMs are concentrating on manufacturing fuel-efficient vehicles by reducing the size of the powertrain, reducing the weight of vehicles and thermal management. As a result, the growing sales of automotive components through online channels coupled with the increase in the demand for fuel-efficient cars will boost the automotive wheel accessories market size at a CAGR of over 6% during the forecast period.
The automotive wheel accessories market is highly fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive wheel accessories market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities and consequently boost the automotive wheel accessories market size.
The report offers a complete analysis of various companies including:
With a complete study of the growth opportunities for the companies, the Americas region will account for the highest growth of this market throughout the forecast period. The Americas will lead the market in 2017, accounting for a market share of 37.50%, followed by EMEA and APAC respectively.
The passenger car segment will account for the highest growth in the market, owing to the popularity of passenger cars than commercial vehicles. Moreover, passenger cars are affordable and meet the average transportation needs of households. Additionally, the report also provides an accurate prediction of the contribution of the various applications segments to the growth of the automotive wheel accessories market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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