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(Transportation-News.com, December 14, 2018 ) The report covers the automotive wheel market, in terms of volume (million units) and value (USD million). The construction of commercial buildings, which include factories, manufacturing facilities, hospitals, schools, colleges, and others, grew by 10-12% in 2016as compared to 2015. Hence, the demand for construction equipment is increasing, which in turn leads to the increased sales of construction and mining equipment wheels.
Download Free Sample Papers of Automotive Wheel Market Spread Across 151 Pages, Profiling 20 Companies and Supported with 93 Tables and 51 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1516281 .
The global automotive wheel market is estimated to be USD 32.87 billion in 2017 and is projected to reach USD 50.54 billion by 2025, at a CAGR of 5.52% from 2017 to 2025. The passenger vehicles segment is estimated to hold the largest market share during the forecast period. Passenger vehicles account for the largest share of the total vehicle production.
It explains the qualitative and quantitative aspects of the automotive wheel market, which is segmented by material (steel, alloy, carbon fiber, and others), vehicle type (passenger, light commercial, and heavy commercial vehicles), vehicle class (economy, mid-priced, and luxury-priced), rim size (13"-15", 16"-18", 19"-21", & above 21"), end-use (OE and aftermarket), off-highway (construction and mining, and agriculture tractors) and region (Asia Pacific, Europe, North America, and Rest of the World).
Key Target Audience
• Automobile manufacturers
• Automotive component manufacturers
• Automotive technology experts
• Automotive wheel manufacturers
• Distributors and suppliers of automotive systems
• Engine control system manufacturers
• Independent and authorized dealers of automotive wheels
• Industry associations and experts
• Off-Highway associations
• Raw material suppliers
• Traders, distributors, and suppliers of wheels and raw materials
Click Here for 15% Discount on Automotive Wheel Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1516281 .
The Asia Pacific region leads the automotive wheel market, owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at>6.0% CAGR over the period of next five years. Increasing vehicle production has, in turn, increased the demand for wheels in this region.
Automotive Wheel Market for Automotive, By Vehicle Class
1 Introduction
2 Economy
3 Mid-Priced
4 Luxury Priced
Automotive Wheel Market, By Vehicle Type
1 Introduction
2 Passenger Vehicle
3 Light Commercial Vehicle (LCV)
4 Heavy Commercial Vehicle (HCV)
Automotive Wheel Market for Automotive, By Material
1 Introduction
2 Steel
3 Alloy
4 Carbon Fiber and Others
Get Corporate Discount on “Automotive Wheel Market by Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class, End-Use, and Region - Global Forecast to 2025” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1516281 .
Increase in R&D investment by OEMs & Tier 1 players to improve drive quality & efficiency of passenger vehicles will drive automotive wheel market in this segment. Rise in disposable income, particularly in developing countries such as China, India, Mexico, & others, will drive automotive wheel market in passenger vehicle segment.
The report provides insights into the following points:
• Market Penetration: The report provides comprehensive information on wheels offered by the top players in the industry for the automotive market.
• Product Development/Innovation: The report provides detailed insights into upcoming technologies, R&D activities, and new product launches in the automotive wheel market.
• Market Development: The report offers comprehensive information about the wheel market for automotive. The report analyzes the market for automotive wheels across regions and provides comprehensive information about lucrative emerging markets.
• Market Diversification: The report provides exhaustive information about emerging trends, market dynamics, and investments in the global automotive wheel market.
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