Global Passenger Vehicle Wheels Market 2018-2022

The global passenger vehicle wheels market size will grow by 76.45 million units during 2018-2022. This industry research report provides a detailed analysis of the market based on material (alloy, steel, and carbon) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several passenger vehicle wheels manufacturers including Borbet, CLN Group, Maxion Wheels, IOCHPE, RONAL GROUP, and UNIWHEELS Group.

Below are some of the key findings from this passenger vehicle wheels market analysis report

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Global passenger vehicle wheels industry overview

The increasing demand for vehicles in emerging countries is driving the passenger vehicle wheels market across the globe. Rising disposable income and perception of achieving higher social status by owning a passenger car increases the demand for it among people in emerging economies. Moreover, the availability of car finance at competitive rates have proved of significant importance to the growth of passenger cars across the globe. These factors drive the global passenger vehicle wheels market because an increase in the sales of passenger cars is directly proportional to the high demand for its wheels.

Industry experts believe that the adoption of advanced technologies to manufacture steel wheels is the key trend of the global passenger vehicle wheels market in the coming years. Automotive manufacturers are focusing on reducing the weight of steel wheels to enhance fuel economy and lower cost, which will lead to the adoption of advanced manufacturing technologies. Moreover, these technologically advanced wheels enhance the aesthetic appeal of the passenger cars. These factors encourage several end-users to invest in such technologically advanced steel wheels, which in turn, positively impacts the passenger vehicle wheels market growth, which is expected to have a CAGR of close to 4% during the forecast period.

Top passenger vehicle wheels companies covered in this report

The global passenger vehicle wheels market is highly fragmented. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this passenger vehicle wheels market analysis report provides critical insights to help companies make informed business decisions.

The report offers a detailed analysis of several leading passenger vehicle wheels companies, including:

• Borbet 
• CLN Group         
• IOCHPE
• Maxion Wheels
• RONAL GROUP 
• UNIWHEELS Group 

 Passenger vehicle wheels market segmentation based on material

• Alloy
• Steel
• Carbon

Alloy segment held the largest passenger vehicle wheels market share in 2017. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.

Passenger vehicle wheels market segmentation based on region

• Americas
• APAC
• EMEA

APAC accounted for the largest passenger vehicle wheels market share in 2017. This region will witness an increase in its market share and remain the market leader for the next five years. This research report provides an in-depth analysis of the growth of the passenger vehicle wheels market in several regions across the globe.

Key highlights of the global passenger vehicle wheels market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the passenger vehicle wheels market during the next five years
• Precise estimation of the global passenger vehicle wheels market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the passenger vehicle wheels industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of passenger vehicle wheels companies

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