The global Wheel market was valued at US$ 20960 million in 2019 and it is expected to reach US$ 26130 million by the end of 2026, growing at a CAGR of 3.5% during 2021-2026.
The wheel is a rigid wheel that holds the inner edge of the tire, supports the tire and bears the load together with the tire.Also the combination of tires, rims and spokes collectively referred to as wheels.The wheel assembly consists of two major components, the wheel and the tire.
The global wheel market is a relatively concentrated market, with the output share of 19 major enterprises reaching 66% and the market scale accounting for 69% before 2019.The top five enterprises in wheel market size are citic daika, iochpe-maxion, Superior Industries, Borbet and RONAL GROUP.Citic daika dominates the list, accounting for 12.57% of the market in 2019.The second – and third-ranked companies are iochpe-maxion and Superior Industries.
Global Wheel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Wheel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are CITIC Dicastal, Iochpe-Maxion, Superior Industries, Borbet, Ronal Group, Alcoa Wheels, Topy Group, Accuride, Lizhong Group, Wanfeng Auto Wheels, Zhengxing Group, Enkei Wheels, Jinfei Kaida Wheel Co.,LTD, Zhongnan Wheel, Cemax, Jingu Group, Sunrise Wheel, Yueling Wheels, Dongfeng Motor Corporation and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-wheel-market-research-report
Segment by Type
- Steel Wheels
- Aluminum Wheels
Segment by Application
- Passenger Vehicle
- Commercial Vehicle
Table of Content:
1 Wheel Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Wheel Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Wheel Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta