Global Aluminum Alloy Wheel Market 2020-2024

Global Aluminum Alloy Wheel Market 2020-2024

  • June 2020 •
  • 120 pages •
  • Report ID: 5770985 •
  • Format: PDF
Global Aluminum Alloy Wheel Market 2020-2024
The analyst has been monitoring the aluminum alloy wheel market and it is poised to grow by $ 0.52 bn during 2020-2024 progressing at a CAGR of 1% during the forecast period. Our reports on the aluminum alloy wheel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased benefits of aluminum in alloy wheels over conventional materials and the demand for lightweight vehicles. In addition, the growing demand for lightweight vehicles is anticipated to boost the growth of the market as well.
The aluminum alloy wheel market analysis includes application segment and geographic landscape.

The aluminum alloy wheel market is segmented as below:

By Application
• Passenger cars
• Commercial vehicles

By Geographic Landscapes
• APAC
• Europe
• North America
• South America
• MEA

This study identifies the emergence of 3D-printed wheels of titanium as one of the prime reasons driving the aluminum alloy wheel market growth during the next few years. Also, the development of ultra-lightweight steel wheels for commercial vehicles and the advent of carbon fiber alloy wheels will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our aluminum alloy wheel market covers the following areas:
• Aluminum alloy wheel market sizing
• Aluminum alloy wheel market forecast
• Aluminum alloy wheel market industry analysis