Market Research Report

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, 2021-2028

ID:VMR11210292
April 2021
Report Formats: Electronic (PDF), MS EXCEL

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 XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 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.
 
Global Alloy Wheels Aftermarket Market Share by Region (Representative Graph)
 
Global Alloy Wheels Aftermarket Market Share

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 Market
       2.2. Global Market Snapshot
 
3 . ALLOY WHEELS AFTERMARKET – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Product
           3.7.2 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of 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 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL ALLOY WHEELS AFTERMARKET MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Passenger Car Historic and Forecast Sales by Regions
       6.5 Light Commercial Vehicle Historic and Forecast Sales by Regions
       6.6 Heavy Commercial Vehicle Historic and Forecast Sales by Regions
 
7 . GLOBAL ALLOY WHEELS AFTERMARKET MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America Sales Analysis
           7.3.1. Overview, Historic and Forecast Sales Analysis
           7.3.2. North America By Segment Sales Analysis
           7.3.3. North America By Country Sales Analysis
           7.3.4. United State Sales Analysis
           7.3.5. Canada Sales Analysis
           7.3.6. Mexico Sales Analysis
       7.4. Europe Sales Analysis
           7.4.1. Overview, Historic and Forecast Sales Analysis
           7.4.2. Europe by Segment Sales Analysis
           7.4.3. Europe by Country Sales Analysis
           7.4.4. United Kingdom Sales Analysis
           7.4.5. France Sales Analysis
           7.4.6. Germany Sales Analysis
           7.4.7. Italy Sales Analysis
           7.4.8. Russia Sales Analysis
           7.4.9. Rest Of Europe Sales Analysis
       7.5. Asia Pacific Sales Analysis
           7.5.1. Overview, Historic and Forecast Sales Analysis
           7.5.2. Asia Pacific by Segment Sales Analysis
           7.5.3. Asia Pacific by Country Sales Analysis
           7.5.4. China Sales Analysis
           7.5.5. India Sales Analysis
           7.5.6. Japan Sales Analysis
           7.5.7. South Korea Sales Analysis
           7.5.8. Australia Sales Analysis
           7.5.9. Rest Of Asia Pacific Sales Analysis
       7.6. Latin America Sales Analysis
           7.6.1. Overview, Historic and Forecast Sales Analysis
           7.6.2. Latin America by Segment Sales Analysis
           7.6.3. Latin America by Country Sales Analysis
           7.6.4. Brazil Sales Analysis
           7.6.5. Argentina Sales Analysis
           7.6.6. Peru Sales Analysis
           7.6.7. Chile Sales Analysis
           7.6.8. Rest of Latin America Sales Analysis
       7.7. Middle East & Africa Sales Analysis
           7.7.1. Overview, Historic and Forecast Sales Analysis
           7.7.2. Middle East & Africa by Segment Sales Analysis
           7.7.3. Middle East & Africa by Country Sales Analysis
           7.7.4. Saudi Arabia Sales Analysis
           7.7.5. UAE Sales Analysis
           7.7.6. Israel Sales Analysis
           7.7.7. South Africa Sales Analysis
           7.7.8. Rest Of Middle East And Africa Sales Analysis
 
8 . COMPETITIVE LANDSCAPE OF THE ALLOY WHEELS AFTERMARKET COMPANIES
       8.1. Alloy Wheels Aftermarket Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF ALLOY WHEELS AFTERMARKET INDUSTRY
       9.1. Top 10  Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Accuride
           9.3.1. Company Overview
           9.3.2. Company Revenue
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Arconic
           9.4.1. Company Overview
           9.4.2. Company Revenue
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. CITIC Dicastal
           9.5.1. Company Overview
           9.5.2. Company Revenue
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Enkei Wheels (India) Limited
           9.6.1. Company Overview
           9.6.2. Company Revenue
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Uniwheels Group
           9.7.1. Company Overview
           9.7.2. Company Revenue
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. YHI International Limited
           9.8.1. Company Overview
           9.8.2. Company Revenue
           9.8.3. Products
           9.8.4. 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

 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product (USD MN)
  •  Passenger Car Market Sales by Geography (USD MN)
  •  Light Commercial Vehicle Market Sales by Geography (USD MN)
  •  Heavy Commercial Vehicle Market Sales by Geography (USD MN)
  •  Global Alloy Wheels Aftermarket Market Sales by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 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 Market Analysis by Product (USD MN)
  •  Passenger Car Market Sales by Geography (USD MN)
  •  Light Commercial Vehicle Market Sales by Geography (USD MN)
  •  Heavy Commercial Vehicle Market Sales by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Top Companies Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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  • Analyze competitive developments

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