{"id":6215,"date":"2020-05-27T05:00:00","date_gmt":"2020-05-27T05:00:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/05\/27\/automotive-wheel-market-revenue-to-exceed-usd-120-bn-by-2026-global-market-insights-inc\/"},"modified":"2020-05-27T05:00:00","modified_gmt":"2020-05-27T05:00:00","slug":"automotive-wheel-market-revenue-to-exceed-usd-120-bn-by-2026-global-market-insights-inc","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/05\/27\/automotive-wheel-market-revenue-to-exceed-usd-120-bn-by-2026-global-market-insights-inc\/","title":{"rendered":"Automotive Wheel Market Revenue to Exceed USD 120 Bn by 2026: Global Market Insights, Inc."},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">SELBYVILLE, Delaware<\/span>, <span class=\"xn-chron\">May 27, 2020<\/span> \/PRNewswire\/ &#8212; According to latest report <b>&#8220;Automotive Wheel Market by Material (Aluminum, Steel, Magnesium, Carbon Fiber), Product (Regular, High Performance), End-use (OEM, Aftermarket), Vehicle (Passenger Cars, LCV, Heavy Trucks, Buses &amp; Coaches, Trailers), Regional Outlook, Price Trends, Competitive Market Share &amp; Forecast 2026&#8221;<\/b>, by Global Market Insights, Inc., the <a target=\"_blank\" href=\"https:\/\/www.gminsights.com\/industry-analysis\/automotive-wheel-market?utm_source=prnewswire.com&amp;utm_medium=referral&amp;utm_campaign=Paid_prnewswire\" rel=\"nofollow\">market valuation of automotive wheel<\/a>\u00a0will cross <span class=\"xn-money\">$120 billion<\/span> by 2026. Growing demand for lightweight and corrosion resistant wheels will drive the industry growth.<\/p>\n<div id=\"prni_dvprnejpgb5a3left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpgb5a3left\" title=\"GMI Logo\" border=\"0\" alt=\"GMI Logo\" align=\"middle\" imagelabel=\"Logo\" src=\"https:\/\/mma.prnewswire.com\/media\/661916\/GMI.jpg \"\/><\/div>\n<p>Ongoing innovations to enhance vehicle performance, reduce vehicle downtime, and cost-effectiveness will support automotive wheel market growth. The development of distinct forms of alloys including aluminum, steel, and magnesium to provide improved heat conduction and aesthetics over conventional steel wheels are among the major industry trends. Moreover, advancements in handling capabilities of lighter wheels by reducing unwanted mass, permitting suspension to follow the terrain more carefully, and improving grip will drive product demand.<\/p>\n<p><b>Request for a sample of this research report @<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.gminsights.com\/request-sample\/detail\/1706?utm_source=prnewswire.com&amp;utm_medium=referral&amp;utm_campaign=Paid_prnewswire\" rel=\"nofollow\">https:\/\/www.gminsights.com\/request-sample\/detail\/1706<\/a><\/p>\n<p>Heavy trucks vehicle segment in the automotive wheel market will foresee steady growth over the study timeframe with rapid industrialization and urbanization. Environmental regulations governing the fuel emission levels is escalating the utilization of lighter wheels without compromising strength and rigidity. Development of materials for bearing high load carrying capacities coupled with increased freight demand will provide a positive outlook for the market.<\/p>\n<p>Carbon fiber segment will witness around 6% gains through 2026 owing to high tensile strength, stiffness, and lower weight of carbon fibers. Carbon fiber wheel offers improved braking, acceleration, and consistent performance compared to aluminum wheels. Increasing production of fuel-efficient cars utilizing carbon fiber wheel is fueling the market growth.<\/p>\n<p><span class=\"xn-location\">North America<\/span> automotive wheel market size is anticipated to observe more than 6% CAGR during the forecast period impelled by presence of multiple wheel manufacturers including Wheel Pros, U.S. Wheel Corporation, Superior Industries and Maxion wheels. The industry players are acquiring manufacturers to strengthen their regional presence.<\/p>\n<p>Shifting consumer preferences towards customized wheels available at lower prices is driving the automotive wheel aftermarket growth. High quality products conforming with the standards enforced by OEM ensuring the reliability and functionality of the products is gaining a higher visibility. Further, increasing demand for vehicles with improving economic conditions in developed and emerging nations is boosting the industry expansion.<\/p>\n<p>Major automotive wheel market players include Maxion Wheels, Ronal Group, Titan International, Inc., Zhejiang Wanfeng Auto Wheel, Borbet GmbH, Topy Industries Limited, and Superior Industries International, Inc. Product innovation and portfolio expansion will be the key strategies for industry players to enhance their market share. <\/p>\n<p>Industry players are constantly focusing on enhancing their production facilities and upgrading their solutions to differentiate their services from competitors. Additionally, OEMs are adopting several cost reduction initiatives, such as opting for low-cost processes and establishing new commercial partnerships, to increase profitability.<\/p>\n<p><b>Make an Inquiry for purchasing this report @<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.gminsights.com\/inquiry-before-buying\/1706?utm_source=prnewswire.com&amp;utm_medium=referral&amp;utm_campaign=Paid_prnewswire\" rel=\"nofollow\">https:\/\/www.gminsights.com\/inquiry-before-buying\/1706<\/a><\/p>\n<p><b>Table of Contents (ToC) of the report:<\/b><\/p>\n<p><b>Chapter 3\u00a0 Automotive Wheel Market Insights<\/b><\/p>\n<p>3.1\u00a0Industry segmentation<\/p>\n<p>3.2\u00a0Industry landscape, 2016 &#8211; 2026<\/p>\n<p>3.2.1\u00a0COVID-19 impact on industry landscape<\/p>\n<p>3.3\u00a0Industry ecosystem analysis<\/p>\n<p>3.3.1\u00a0Component suppliers<\/p>\n<p>3.3.2\u00a0Manufacturers<\/p>\n<p>3.3.3\u00a0Distribution chain analysis<\/p>\n<p>3.3.3.1 Distributors<\/p>\n<p>3.3.3.2 E-commerce<\/p>\n<p>3.3.4\u00a0End users<\/p>\n<p>3.3.4.1 OEM<\/p>\n<p>3.3.4.2 Aftermarket<\/p>\n<p>3.3.5\u00a0Profit margin analysis<\/p>\n<p>3.3.6\u00a0Value chain disruptions due to COVID-19<\/p>\n<p>3.3.7\u00a0Vendor matrix<\/p>\n<p>3.4\u00a0\u00a0Technology landscape<\/p>\n<p>3.4.1\u00a0Casting technology<\/p>\n<p>3.4.1.1 Low Pressure Die Casting (LPDC)<\/p>\n<p>3.4.1.2 High Pressure Die Casting (HPDC)<\/p>\n<p>3.4.1.3 Gravity casting<\/p>\n<p>3.4.2\u00a0Flow forming technology<\/p>\n<p>3.4.3\u00a0Forging technology<\/p>\n<p>3.4.4\u00a0High Light Technology (HLT)<\/p>\n<p>3.5\u00a0Regulatory landscape<\/p>\n<p>3.6\u00a0Industry best practices and key buying criteria<\/p>\n<p>3.6.1\u00a0Need recognition<\/p>\n<p>3.6.2\u00a0Information search<\/p>\n<p>3.6.3\u00a0Evaluation of alternatives<\/p>\n<p>3.6.4\u00a0Purchase decision<\/p>\n<p>3.6.5\u00a0Post purchase behaviour<\/p>\n<p>3.7\u00a0Global automotive production overview<\/p>\n<p>3.7.1\u00a0Production data<\/p>\n<p>3.7.2 Automotive production, by country (<\/p>\n<p>3.7.2.1 Passenger cars<\/p>\n<p>3.7.2.2 Commercial Vehicles<\/p>\n<p>3.8\u00a0Differentiation in paint layering overview<\/p>\n<p>3.9\u00a0Automotive wheel paint layering, by material<\/p>\n<p>3.9.1\u00a0Aluminum<\/p>\n<p>3.9.2\u00a0Steel<\/p>\n<p>3.9.3\u00a0Magnesium<\/p>\n<p>3.9.4\u00a0Carbon<\/p>\n<p>3.10\u00a0Automotive wheel consumption scenario<\/p>\n<p>3.11\u00a0Pricing analysis, 2019 (including COVID-19 impact)<\/p>\n<p>3.11.1\u00a0 Regional pricing<\/p>\n<p>3.11.1.1\u00a0North America<\/p>\n<p>3.11.1.2\u00a0Europe<\/p>\n<p>3.11.1.3\u00a0Asia Pacific<\/p>\n<p>3.11.1.4\u00a0Latin America<\/p>\n<p>3.11.1.5\u00a0Middle East &amp; <span class=\"xn-location\">Africa<\/span><\/p>\n<p>3.11.2\u00a0Cost structure analysis, 2019<\/p>\n<p>3.11.2.1\u00a0Raw material cost<\/p>\n<p>3.11.2.2\u00a0Labor cost<\/p>\n<p>3.11.2.3\u00a0Other raw material cost<\/p>\n<p>3.11.2.4\u00a0Energy &amp; Utilities cost<\/p>\n<p>3.12\u00a0Industry impact forces<\/p>\n<p>3.12.1 Growth drivers<\/p>\n<p>3.12.2 Industry pitfall and challenges<\/p>\n<p>3.13 Innovation &amp; sustainability<\/p>\n<p>3.13.1 MICHELIN ACORUS technology<\/p>\n<p>3.13.2 One-piece, super light, hollow carbon fiber wheel technology<\/p>\n<p>3.14 Growth potential analysis, 2019<\/p>\n<p>3.15\u00a0Porter&#8217;s analysis<\/p>\n<p>3.16\u00a0Competitive landscape, 2019<\/p>\n<p>3.16.1\u00a0Global company market share analysis, 2019<\/p>\n<p>3.16.2 Company performance analysis, 2019<\/p>\n<p>3.17\u00a0Strategy dashboard<\/p>\n<p>3.18\u00a0PESTLE analysis<\/p>\n<p>3.19\u00a0COVID-19 impact on automotive industry<\/p>\n<p><b>Browse Complete Table of Contents (ToC) @<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.gminsights.com\/toc\/detail\/automotive-wheel-market?utm_source=prnewswire.com&amp;utm_medium=referral&amp;utm_campaign=Paid_prnewswire\" rel=\"nofollow\">https:\/\/www.gminsights.com\/toc\/detail\/automotive-wheel-market<\/a><\/p>\n<p><b>About Global Market Insights, Inc.<\/b><\/p>\n<p>Global Market Insights, Inc., headquartered in <span class=\"xn-location\">Delaware<\/span>, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.<\/p>\n<p><b>Contact Us: <br \/><\/b><span class=\"xn-person\">Arun Hegde<\/span> <br \/>Corporate Sales, <span class=\"xn-location\">USA<\/span> <br \/>Global Market Insights, Inc. <br \/><b>Phone:<\/b>\u00a0+1-302-846-7766 <br \/><b>Toll Free:<\/b>\u00a01-888-689-0688 <br \/><b>Email:<\/b>\u00a0<a target=\"_blank\" href=\"mailto:sales@gminsights.com\" rel=\"nofollow\">sales@gminsights.com<\/a><\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/661916\/GMI.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/661916\/GMI.jpg<\/a> <\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EN17115&amp;Transmission_Id=202005270500PR_NEWS_EURO_ND__EN17115&amp;DateId=20200527\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SELBYVILLE, Delaware<\/span>, <span class=\"xn-chron\">May 27, 2020<\/span> \/PRNewswire\/ &#8212; According to latest report <b>&#8220;Automotive Wheel Market by Material (Aluminum, Steel, Magnesium, Carbon Fiber), Product (Regular, High Performance), End-use (OEM, Aftermarket), Vehicle (Passenger Cars, LCV, Heavy Trucks, Buses &amp; Coaches, Trailers), Regional Outlook, Price Trends, Competitive Market Share &amp; Forecast 2026&#8221;<\/b>, by Global Market Insights, Inc., the &lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-6215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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