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(Transportation-News.com, October 10, 2023 ) As per Maximize Market research, the Automotive Wheel Market was USD 39.96 Bn in 2022 and is expected to grow at a CAGR of 5.9 percent over the forecast period to reach USD 59.69 Bn by 2029.
Automotive Wheel Market Report Scope and Research Methodology
The Automotive Wheel Market report provides a thorough analysis, covering market share, size, and industry segments. Data is collected through primary and secondary research, analyzed with tools like SWOT, PESTLE, and PORTER's Five Forces. The report also examines drivers, opportunities, constraints, and regional perspectives in the automotive wheel industry.
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Automotive Wheel Market Dynamics
The growth driver of the Automotive Wheel Market is the industry's transformation, where large corporations are shifting from offering basic vehicles and tires to leveraging new technology and digitalization to provide sophisticated services tailored to customer demands.
Automotive Wheel Market Regional Insights
Due to increased fleet efficiency, the future will demand fewer cars. As per PwC Autofacts, Europe's current inventory of slightly over 280 million vehicles could potentially decrease to approximately 200 million by 2030, marking a reduction of over 25%.
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Automotive Wheel Market Segmentation
By Rim Size
13"-15"
16"-18"
19"-21"
Above 21"
By Material
Alloy
Steel
Aluminum
Carbon Fiber
Other
By Vehicle
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By End-User
Original Equipment Manufacturer (OEM)
Aftermarket
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Automotive Wheel Market Key Competitors include:
MAXION Wheels (Germany)
Borbet GmbH (Germany)
Uniwheels (Germany)
BBS Kraftfahrzeugtechnik AG. (Germany)
Thyssenkrupp AG (Germany)
CITIC Dicastal Co., Ltd. (China)
Zhejiang Wanfeng Auto Wheel (China)
LIZHONG WHEEL GROUP (China)
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Automatic Gate and Door Opening System Market- The market size is expected to reach USD 17.23 Bn by 2029 at a CAGR of 6.87 percent during the forecast period.
Wireless Remote Door Opener Sensors and Controls Market- The Market size is expected to reach USD 2.85 Bn by 2029 at a CAGR of 7.1 percent during the forecast period.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and Communications, Internet of Things, Food and Beverages, Aerospace and Défense and other manufacturing sectors.
MAXIMIZE MARKET RESEARCH PVT. LTD.
Dnyaneshwari Yevale
09607365656
akash.r@maximizemarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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