Global automotive wheel market growth is witnessed

automotive wheel market

The global automotive wheels market size is expected to grow from USD 30.41 billion in 2021 to USD 34.38 billion in 2022 at a compound annual growth rate (CAGR) of 13%. The global automotive wheels market size is expected to reach USD 46.51 billion in 2026 with a CAGR of 7.8%.

The trade research company offers the Global Automotive Wheels Market 2022 report in its research report store. This is the most comprehensive report available on this market and it will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the market size by region and country. It also compares historical and forecast market growth and highlights important trends and strategies that market players may adopt.

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The automotive wheels market includes sales of automotive wheels by entities (organizations, sole proprietorships, and partnerships) that manufacture automotive wheels. The wheel is an essential component of every vehicle. It neutralizes all the forces the vehicle is subjected to during operation, balancing the entire weight of a vehicle. A spoke, rim and hub are essential parts of an automotive wheel. It is responsible for turning, operating and directing the direction and speed of the vehicle.

Some key automotive wheel market players are IOCHPE Maxion, Superior Industries International, Accuride Corporation, Steel Strips Wheels, Hitachi Metals.

The countries covered in the global automotive wheels market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru , Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.

Regions covered in the global automotive wheels market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa .

Automotive Wheels Market Segmentation:
By material
1. Steel
2. Alloy
3. Carbon fiber
4. Others

By vehicle category
1. Economy
2. Average price
3. Luxury price

By type of vehicle
1. Passenger vehicle
2. Light commercial vehicle
3. Heavy duty vehicle

By rim size
1. 13″-15″
2. 16″-18″
3. 19″-21″
4. Above 21″

By end use
1.OE
2. Secondary market

Read more about the report at –
https://www.thebusinessresearchcompany.com/report/automotive-wheel-global-market-report

The table of contents of the report includes
1. Summary
2. Characteristics of Automotive Wheels Market
3. Automotive Wheels Market Trends and Strategies
4. Impact of Covid-19 on automotive wheel
5. Automotive Wheels Market Size and Growth
………
28. Major mergers and acquisitions in the automotive wheel market
29. Automotive Wheels Market Future Prospects and Potential Analysis
30. Annex

This report covers market trends and dynamics of Automotive Wheels Market in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The report also includes consumer surveys and various future opportunities for the market.

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