Automotive Wheel Market was valued at US$ 42.31 Bn. in 2023 and the total Automotive Wheel revenue is expected to grow at 5.9% from 2024 to 2030, reaching nearly US$ 63.21 Bn.
Automotive Wheel Market Report Overview:
The digital age—also referred to as the “4.0 industry”—permeates every aspect of the economy and significantly contributes to its expansion. The automobile tyre sector is one of many sub-industries that are being impacted by the change of the automotive industry. The sector is seeing a shift where large companies are selling complex services tailored to customers’ needs using new technology and digitization, rather than just basic cars or tyres. Three main pillars that have arisen in the development of such solutions incorporated into the current market are autonomy, mobility, and connectivity.
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Automotive Wheel Market Report Scope and Research Methodology:
Based on Rim Size, Material, Vehicle, End-User, and Region, the Automotive Wheel market is divided into segments. The expansion of different market segments aids research readers in learning about the numerous development elements anticipated to be present across the board and in formulating various approaches to assist in identifying key application areas and the gap in the target market. In-depth market research, relevant information, historical data, and scientifically backed and industry-validated market figures are all included in this study. It also comprises approximations that are grounded in suitable methodsologies and assumptions.
The size of the market has been estimated using a bottom-up methodology. Secondary research is used to identify the major players in the automotive wheel industry, and primary and secondary research is used to calculate their market revenues. While primary research involved interviews with significant opinion leaders and industry specialists such competent front-line staff, entrepreneurs, and marketing professionals, secondary research involved a review of the annual and financial reports of top manufacturers.
Automotive Wheel Market Regional Insights:
The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil, Middle East and Africa.
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Automotive Wheel Market Segmentation:
by Rim Size
13″-15″
16″-18″
19″-21″
Above 21″
Based on Rim Size, Material, Vehicle, End-User, and Region, the Automotive Wheel market is divided into segments. The expansion of different market segments aids research readers in learning about the numerous development elements anticipated to be present across the board and in formulating various approaches to assist in identifying key application areas and the gap in the target market. In-depth market research, relevant information, historical data, and scientifically backed and industry-validated market figures are all included in this study. It also comprises approximations that are grounded in suitable methodsologies and assumptions.
by Material
Alloy
Steel
Aluminum
Carbon Fiber
Other
According to Material, throughout the projection period, the alloy segment is anticipated to rise at a CAGR of 4.8%. Alloy wheels are sometimes purchased for aesthetic reasons (visible repairs), despite the fact that the poorer alloys are usually not resistant to corrosion. Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys.
by Vehicle Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
by End-User
Original Equipment Manufacturer (OEM)
Aftermarket
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Automotive Wheel Market Key Players:
1. 3M Company
2.Honeywell International Inc.
3.Siemens AG
4.Bose Corporation
5.Eartex Ltd.
6.Sonetics Corporation
7. Sensear Pty Ltd.
8. QuietOn Ltd.
9. NoiseBuster
10.MSA Safety Inc.
11. Phonak AG
12. Motorola Solutions Inc.
13. Walker’s Game Ear Inc.
14.Hultafors Group AB
15.CavCom, Inc.
16.ISOtunes
17. EAR Inc.
18. Firecom
19. DuraForce Inc.
20.Asius Technologies, LLC
21.Earlabs, Inc.
22.Peltor Communications
23.Unitron
24.SHOTHUNT
25.Hearing Components Inc.
Looking for insights on the market? Don’t miss the summary of the research report: https://www.maximizemarketresearch.com/market-report/industrial-hearables-market/187644/
Key questions answered in the Automotive Wheel Market are:
- What is Automotive Wheel?
- What are the Automotive Wheel market segments?
- What is the expected Automotive Wheel market size by 2030?
- What is the expected CAGR of the Automotive Wheel market during the forecast period?
- What are the emerging trends in the Automotive Wheel Market?
- What are the factors contributing to the final price of Automotive Wheel?
- What are the major challenges that the Automotive Wheel Market could face in the future?
- Who held the largest market share in the Automotive Wheel Market?
- Who are the key players in the Automotive Wheel industry?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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