Automotive Alloy Wheel Market

The wheels that are made from an alloy of aluminum or magnesium are termed as alloy wheels. They are usually lighter for the same strength and provide improved heat conduction and improved cosmetic appearance over steel wheels. The earliest light alloy wheels were made of magnesium alloy. There are three basic components of a wheel that are the hub, the spokes and the rim. Lighter wheels can increase handling by decreasing unsprung mass, allowing suspension to follow the terrain more carefully and further improve grip, however compared to all the steel equivalents the alloy are lighter. In the near future, the snowballing demand for vehicles in the regions of Europe and Asia-Pacific, mainly in China, India and Japan, is expected to drive the market for more advanced Alloy wheel in all vehicles.

The report covers the market for automotive Alloy wheel in terms of volume and value. The market volume is provided in terms of thousand units; whereas the value for the market is provided in terms of $million from 2014 to 2019. The automotive Alloy wheel market is broadly segmented By Finish types (Polished Alloy Wheel, Painted Alloy Wheel, Machined Alloy Wheel, Two-Toned Alloy Wheel and Chromed Alloy Wheel). The market is further segmented by—Diameter type (11 Inch-13 Inch, 14 Inch-16 Inch, 17 Inch-19 Inch, 20 Inch-22 Inch, 23 Inch- 25 Inch, and 26 Inch & Above and geography (Asia-Pacific, Europe, North America & ROW) focusing on key countries in each region.

This report classifies and defines the automobile Alloy wheel market volume and value. It also delivers qualitative insights about the types of Alloy wheel and its key components. The report also gives a wide-ranging review of the market drivers, restraints, opportunities, challenges, and key issues in the automotive Alloy wheel market. The key players in the market for automobile Alloy wheel have also been identified and profiled.