Automotive Wheel Rims Market By Current Industry Status, Growth Opportunities, Top Key Players, Target Audience And Forecast To 2027
Sep 28, 2020 (Profound via COMTEX) —
The global Automotive Wheel Rims market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 4.1% throughout the estimate period from 2020 to 2027.
Wheel rims are cylindrical rings that hold the tires in an automobile. The rims ensure proper alignment of the tires and maintain the air pressure inside tubeless tires. Wheel rims need to be strong enough to bear the vehicle weight and withstand forces applied by vehicle operation.
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This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Wheel Rims market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Wheel Rims market growth.
The global Automotive Wheel Rims market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
Key players in the global automotive wheel rims market are TSW Alloy Wheels (US), Euromax Wheel (US), Maxion Wheels Inc. (US), VOXX International Corporation (US), Mobile Hi-Tech Wheels Inc. (US), Sota Offroad (US), Status Wheels (TUFF A.T) (US), Fuel Offroad Wheels (US), Wheel Pros Holdings, LLC (US), and Topy Industries Limited (Japan).
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
The global automotive wheel rims market has been segmented by material, rim size, vehicle type, end-use, and region. Based on material, the global automotive wheel rims market can be segmented into steel, alloy, and carbon fiber. The alloy segment is anticipated to record a significant CAGR in the coming years. By rim size, the automotive wheel rims market has been split into 13”-15”, 16”-18”, 19”-21”, and above 21”. The 13”-15” segment held a sizeable share and is anticipated to record a significant CAGR in the coming years. By vehicle type, the automotive wheel rims market has been split into passenger cars and commercial vehicles. The passenger car segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By end-use, the automotive wheel rims market can be bifurcated into OEM and aftermarket. The OEM segment is anticipated to record a high CAGR in the coming years.
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central amp; South America
- Rest of Central amp; South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA
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