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Global Automotive Wheel Market to Reach $47,355 Million by 2025

Wheel is an essential part of a motor vehicle, whose demand is directly connected to the automotive industry. Wheels should be strong enough to bear the weight of a vehicle and withstand forces caused by operation. The automotive wheel is a component that rotates and transmits the drive from the axle to the road. It also provides a means to affix the tires. The automotive wheel comprises a rim, spoke, and hub.

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Global Automotive Wheel Market to Reach $47,355 Million by 2025

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Automotive Wheel MarketTrends 2018 to 2025, Future Growth & Industry Drivers Global Opportunity Analysis and Industry Forecast, 2016-2023 Pages: 235 Tables: 89 Charts: 60

  2. AUTOMOTIVE WHEEL MARKET “Global Automotive Wheel Market by Material Type, Vehicle Type, and End User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the global automotive wheel market was valued at $30,011.3 million in 2017 and is projected to reach at $47,355.3 million by 2025, growing at a CAGR of 5.7% from 2018 to 2025. Wheel is an essential part of a motor vehicle, whose demand is directly connected to the automotive industry. Wheels should be strong enough to bear the vehicle weight and withstand forces caused by operation. The automotive wheel market is in a growth phase due to increase in demand for light weight wheels that have the same strength as steel wheels alongside having high thermal stability & ductility. Strength-to-weight ratio and better fuel consumption are the factors that are considered during the production of automotive wheels. Access Full Report Summary: https://www.alliedmarketresearch.com/automotive-wheel-market At present, Asia-Pacific dominates the automotive wheel market owing to the extensive growth of automobiles in the region. Passenger cars have greater penetration in this region, owing to an increase in the road infrastructure development in the region, which is expected to propel the market growth. Canada is the eleventh largest producer of vehicles, globally. In 2017, the sales of the smallest crossover in Canada increased to 66%, which was the largest increase in any vehicle segment for sub-compact and compact passenger car segment.

  3. AUTOMOTIVE WHEEL MARKET “The global automotive wheel market is expected to witness a considerable growth due to the emerging technologies in vehicle standards, which propel its adoption globally. The global automotive wheel market is projected to witness extensive growth, especially in the emerging economies, owing to the increase in vehicle population and rise in government initiatives such as investment in R&D in automotive manufacturing, which further propel the growth.” Increase in vehicle production, rise in trends toward weight reduction, technological advancements, and volatility in raw material prices are the significant factors that affect the growth of the global automotive wheel market. These factors are anticipated to either drive or hamper the market growth. Download Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/4676

  4. AUTOMOTIVE WHEEL MARKET • Key Benefits for Automotive Wheel Market : • This study comprises an analytical depiction of the global automotive wheel market along with the current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the automotive wheel industry. • The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global automotive wheel market. • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in this global market.

  5. AUTOMOTIVE WHEEL MARKET

  6. AUTOMOTIVE WHEEL MARKET • Automotive Wheel Market Segmentation • By Material Type • Alloy (Aluminum & Magnesium) • Steel • Carbon Fiber • By Vehicle Type • Passenger Car • Light Commercial Vehicle (LCV) • Heavy Commercial Vehicle (HCV) • By End User • Original Equipment Manufacturer (OEM) • Aftermarket

  7. AUTOMOTIVE WHEEL MARKET By Region

  8. AUTOMOTIVE WHEEL MARKET • The Major Players Operating in the Global Automotive Wheel Market Include • Iochpe-Maxion • CITIC Dicastal Wheel Manufacturing • Hitachi Metals • Steel Strips Wheels • American Eagle Wheels • United Wheels Group • CLN Group, Borbet • Topy Industries Limited • AccurideCorporation. • Enquiry of Report: https://www.alliedmarketresearch.com/purchase-enquiry/4676

  9. AUTOMOTIVE WHEEL MARKET • Contact: • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • Toll Free (USA/Canada): • +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1⟨855⟩550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com

  10. AUTOMOTIVE WHEEL MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/automotive-wheel-market Follow Us On

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