Global Alloy Wheels Aftermarket Market Report By Product (Passenger Car, Light Commercial Vehicle, And Heavy Commercial Vehicle) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026
ID:VMR11210292
January 2020
Report Formats:

The market is gaining huge traction owing to rise in renovation and replacement activities of older heavy wheels. Booming automotive industry coupled with rising trend of customization resulting in external styling of the vehicles is driving the market growth. Increase in spending on the aftermarket product by the major players is further pushing the market growth. Owing to relatively inexpensive, lightweight, better heat conduction, excellent load bearing capacity & quicker acceleration are some of the prominent factors driving the market demand. In addition to this, strict regulation imposed on emission and fuel efficiency of the vehicles is further pushing the market uphill.

The latest report by Value Market Research expects the Global Alloy Wheel Aftermarket Market to reach USD 10.4 billion by 2025. It was valued USD 6.9 billion in 2018. The report foresees a 6% CAGR from 2019 to 2025.
 
PASSENGER VEHICLE DOMINATED THE PRODUCT SEGMENT
On the basis of product, passenger vehicle led the segment and has accounted major share in 2018. Rise in disposable income, growing middle-class population and an increase in sales of passenger cars is driving the market growth.
 
NORTH AMERICA LED THE REGIONAL MARKET
The rise in enthusiastic car riders leading to high spending on the customization to improve car aesthetics is driving the regional market growth. Also, upsurging demand for automotive vehicles from China, India and other emerging economies is further fueling the market demand. Cost-benefit of aftermarket wheel over OEM is attracting potential population towards aftermarket products is again spurring the market growth.
 
MAJOR PLAYERS OF THE MARKET
Some of the prominent players of the market are Accuride, Arconic, CITIC Dicastal, Enkei Wheels (India) Limited, Uniwheels Group, and YHI International Limited.

As per this study the Global Alloy Wheels Aftermarket Market was valued USD X.X BN (by revenue) in 2019 and is anticipated to reach USD XX.X BN by 2026 with a CAGR of X%.
 
Alloy wheels are the wheels which are made of alloys of aluminum and magnesium, and provide easy acceleration to the cars, resulting in better mileage and fuel economy. Alloy wheels minimize the unsprung weight and help in better handling of vehicles. They have been rapidly adopted across the automotive industry for the replacement of steel wheels with alloy wheels due to the several benefits offered over the conventional steel wheels.

Market Dynamics
 
The consumers are becoming more conscious of the external styling of the vehicles and better riding quality, which is expected to act as a catalyst for the growth of the alloy wheels aftermarket. The major advantage of using aftermarket alloy wheels is their cost-efficiency with respect to the price offered by OEM dealerships which are also expected to fuel the market growth over the time span. Owing to their light weight, which offers improved acceleration to vehicles they are being rapidly adopted across the automotive industry thereby fueling industry expansion.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of alloy wheels aftermarket.
 
Market Segmentation
 
The broad alloy wheels aftermarket market has been sub-grouped into the product. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for alloy wheels aftermarket in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Alloy Wheels Aftermarket Market By Revenue (USD MN)
 


The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the alloy wheels aftermarket market include Accuride, Arconic, CITIC Dicastal, Enkei Wheels (India) Limited, Uniwheels Group, and YHI International Limited. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Alloy Wheels Aftermarket Market
       2.2. Global Alloy Wheels Aftermarket Market Snapshot
 
3 . ALLOY WHEELS AFTERMARKET – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Alloy Wheels Aftermarket Market
       3.3. Market Restraints of Alloy Wheels Aftermarket Market
       3.4. Opportunities of Alloy Wheels Aftermarket Market
       3.5. Trends of Alloy Wheels Aftermarket Market
       3.6. Porter’s Five Force Analysis of Alloy Wheels Aftermarket Market
       3.7. Alloy Wheels Aftermarket Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Alloy Wheels Aftermarket Value Chain Analysis
       4.2. Alloy Wheels Aftermarket Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Alloy Wheels Aftermarket Raw Material Manufactures List
           4.2.3. Price Trend of Alloy Wheels Aftermarket Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . GLOBAL ALLOY WHEELS AFTERMARKET MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Alloy Wheels Aftermarket Market Analysis by Product
       5.3 Market Analysis of Passenger Car by Regions
       5.4 Market Analysis of Light Commercial Vehicle by Regions
       5.5 Market Analysis of Heavy Commercial Vehicle by Regions
 
6 . GLOBAL ALLOY WHEELS AFTERMARKET MARKET ANALYSIS BY GEOGRAPHY
       6.1. Regional Outlook
       6.2. Introduction
       6.3. North America
           6.3.1. Overview
           6.3.2. North America Alloy Wheels Aftermarket Market Estimate by Market Segment
           6.3.3. North America Alloy Wheels Aftermarket Market Estimate by Country
           6.3.4. United State
           6.3.5. Rest of North America
       6.4. Europe
           6.4.1. Overview
           6.4.2. Europe Alloy Wheels Aftermarket Market Estimate by Market Segment
           6.4.3. Europe Alloy Wheels Aftermarket Market Estimate by Country
           6.4.4. United Kingdom
           6.4.5. France
           6.4.6. Germany
           6.4.6 Rest of Europe
       6.5. Asia Pacific
           6.5.1. Overview
           6.5.2. Asia Pacific Alloy Wheels Aftermarket Market Estimate by Market Segment
           6.5.3. Asia Pacific Alloy Wheels Aftermarket Market Estimate by Country
           6.5.4. China
           6.5.5. Japan
           6.5.6. India
           6.5.6. Rest of Asia Pacific
       6.6. Latin America
           6.6.1. Overview
           6.6.2. Latin America Alloy Wheels Aftermarket Market Estimate by Market Segment
           6.6.3. Latin America Alloy Wheels Aftermarket Market Estimate by Country
           6.6.4. Brazil
           6.6.5. Rest of Latin America
       6.7. Middle East & Africa
           6.7.1. Overview
           6.7.2. Middle East & Africa Alloy Wheels Aftermarket Market Estimate by Market Segment
           6.7.3. Middle East & Africa Alloy Wheels Aftermarket Market Estimate by Country
           6.7.4. Middle East
           6.7.5. Africa
 
7 . COMPETITIVE LANDSCAPE OF THE ALLOY WHEELS AFTERMARKET COMPANIES
       7.1. Alloy Wheels Aftermarket Market Competition
       7.2. Partnership/Collaboration/Agreement
       7.3. Merger And Acquisitions
       7.4. New Product Launch
       7.5. Other Developments
 
8 . COMPANY PROFILES OF ALLOY WHEELS AFTERMARKET INDUSTRY
       8.1. Company Share Analysis
       8.2. Market Concentration Rate
       8.3. Accuride
           8.3.1. Company Overview
           8.3.2. Financials
           8.3.3. Products
           8.3.4. Recent Developments
       8.4. Arconic
           8.4.1. Company Overview
           8.4.2. Financials
           8.4.3. Products
           8.4.4. Recent Developments
       8.5. CITIC Dicastal
           8.5.1. Company Overview
           8.5.2. Financials
           8.5.3. Products
           8.5.4. Recent Developments
       8.6. Enkei Wheels (India) Limited
           8.6.1. Company Overview
           8.6.2. Financials
           8.6.3. Products
           8.6.4. Recent Developments
       8.7. Uniwheels Group
           8.7.1. Company Overview
           8.7.2. Financials
           8.7.3. Products
           8.7.4. Recent Developments
       8.8. YHI International Limited
           8.8.1. Company Overview
           8.8.2. Financials
           8.8.3. Products
           8.8.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES

  •  Global Alloy Wheels Aftermarket Market Snapshot
  •  Drivers of The Global Alloy Wheels Aftermarket Market Impact Analysis
  •  Restraints of The Global Alloy Wheels Aftermarket Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  Global Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Global Alloy Wheels Aftermarket Market Analysis in Passenger Car by Geography (USD MN)
  •  Global Alloy Wheels Aftermarket Market Analysis in Light Commercial Vehicle by Geography (USD MN)
  •  Global Alloy Wheels Aftermarket Market Analysis in Heavy Commercial Vehicle by Geography (USD MN)
  •  Global Alloy Wheels Aftermarket Market by Geography (USD MN)
  •  North America Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  North America Alloy Wheels Aftermarket Market Estimate by Country (USD MN)
  •  United State Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Rest of North America Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Europe Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  United Kingdom Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  France Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Germany Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Rest of Europe Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Asia Pacific Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Asia Pacific Alloy Wheels Aftermarket Market Estimate by Country (USD MN)
  •  China Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Japan Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  India Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Rest of Asia Pacific Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Latin America Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Latin America Alloy Wheels Aftermarket Market Estimate by Country (USD MN)
  •  Brazil Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Rest of Latin America Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Middle East & Africa Alloy Wheels Aftermarket Market Estimate by Product (USD MN)
  •  Middle East & Africa Alloy Wheels Aftermarket Market Estimate by Country (USD MN)
  •  Middle East Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Africa Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  New Product Launch
  •  Other Developments
  •  Company Market Share Analysis, 2019
 
 LIST OF FIGURES
 
  •  Research Scope of Alloy Wheels Aftermarket Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Alloy Wheels Aftermarket Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Alloy Wheels Aftermarket Market Analysis by Product (USD MN)
  •  Global Alloy Wheels Aftermarket Market Analysis in Passenger Car by Geography (USD MN)
  •  Global Alloy Wheels Aftermarket Market Analysis in Light Commercial Vehicle by Geography (USD MN)
  •  Global Alloy Wheels Aftermarket Market Analysis in Heavy Commercial Vehicle by Geography (USD MN)
  •  Latin America Alloy Wheels Aftermarket Market by Revenue
  •  Middle East & Africa Alloy Wheels Aftermarket Market by Revenue
  •  Recent Development in Alloy Wheels Aftermarket Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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