The global demand for Automotive Steel Wheel Market is presumed to reach the market size of nearly USD 13.87 BN by 2030 from USD 8.76 BN in 2022 with a CAGR of 5.91% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Units in 2022 and forecast to touch XX Units by 2030 with a CAGR of XX% during 2023-2030.
An automotive steel wheel, also known as a steel rim or steel wheel rim, is commonly used in vehicles, particularly passenger cars and light trucks. It is made primarily from steel and serves as the structural foundation onto which the tire is mounted. It consists of a circular metal disk with a centre hole to accommodate the axle hub. It is typically manufactured using steel or alloy steel, which provides strength, durability, and resistance to impact and deformation.
The automotive steel wheel market is driven by several key factors. Firstly, steel wheels are cost-effective compared to other wheel materials like aluminium alloy, making them popular in budget-friendly vehicles. Additionally, these are known for their durability and strength, making them suitable for heavy-duty applications and rough road conditions. They provide stability and safety while driving and can handle higher weight limits. Steel wheels are also relatively easy to maintain and repair, as they are less prone to damage and can be reshaped if needed. Moreover, Original Equipment Manufacturers (OEMs) often prefer wheels made of steel for their vehicles due to their cost-effectiveness and durability. The overall growth of the automotive industry, increasing vehicle production, and rising sales of commercial vehicles contribute to the demand for these wheels. Furthermore, emerging markets, where cost plays a significant role, drive the growth of the steel wheel market. It's important to stay updated with the latest industry reports and analyses for the most current information on market trends and factors driving the automotive steel wheel market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive steel wheel. The growth and trends of Automotive Steel Wheel Industry provide a holistic approach to this study.
This section of the automotive steel wheel market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Rim Size
By OEM
This section covers the regional outlook, which accentuates current and future demand for the Automotive Steel Wheel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive steel wheel market include Accuride Corporation, ALCAR Wheels GmbH, Automotive Wheels Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri SpA, Klassic Wheels Limited, MAXION Wheels, Steel Strips Group, The Carlstar Group LLC., Thyssenkrupp AG, Topy America Inc., U.S. Wheel Corp., Yantai Baosteel Wheel Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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 . AUTOMOTIVE STEEL WHEEL – 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 Rim Size
3.7.2 Market Attractiveness Analysis By OEM
3.7.3 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 . GLOBAL AUTOMOTIVE STEEL WHEEL MARKET ANALYSIS BY RIM SIZE
5.1 Overview by Rim Size
5.2 Historical and Forecast Data
5.3 Analysis by Rim Size
5.4 Less Than 12 Inches Historic and Forecast Sales by Regions
5.5 12 Inches - 15 Inches Historic and Forecast Sales by Regions
5.6 16 Inches - 18 Inches Historic and Forecast Sales by Regions
5.7 19 Inches 21 Inches Historic and Forecast Sales by Regions
5.8 More Than 21 Inches Historic and Forecast Sales by Regions
6 . GLOBAL AUTOMOTIVE STEEL WHEEL MARKET ANALYSIS BY OEM
6.1 Overview by OEM
6.2 Historical and Forecast Data
6.3 Analysis by OEM
6.4 Commercial Vehicle Historic and Forecast Sales by Regions
6.5 Passenger Vehicle (Minicompact, Supermini, Compact, Mid-size, Executive, Luxury, MPV (Mu...
