GLOBAL FORGED ALLOY ALUMUNIUM WHEEL MARKET 2024 BY MANUFACTURERS, REGIONS, TYPE AND APPLICATION, FORECAST TO 2030

Jan 2024 117

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Synopsis

According to our (Global Info Research) latest study, the global Forged Alloy Alumunium Wheel market size was valued at USD 3651.7 million in 2023 and is forecast to a readjusted size of USD 5130.3 million by 2030 with a CAGR of 5.0% during review period.
Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
Forged wheels are typically around 25% lighter than cast wheels (and potentially even more).

Global Forged Alloy Alumunium Wheel key players include CITIC Dicastal, Superior Industries, Alcoa, Gemsy Wheels, BBS GmbH, etc. Global top five manufacturers hold a share over 35%.
Europe is the largest market, with a share about 30%, followed by China, and North America, both have a share over 45 percent.
In terms of product, OEM is the largest segment, with a share over 90%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
The Global Info Research report includes an overview of the development of the Forged Alloy Alumunium Wheel industry chain, the market status of Passenger Vehicle (OEM, Aftermarket), Commercial Vehicle (OEM, Aftermarket), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Forged Alloy Alumunium Wheel.
Regionally, the report analyzes the Forged Alloy Alumunium Wheel markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Forged Alloy Alumunium Wheel market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:
The report presents comprehensive understanding of the Forged Alloy Alumunium Wheel market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Forged Alloy Alumunium Wheel industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., OEM, Aftermarket).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Forged Alloy Alumunium Wheel market.
Regional Analysis: The report involves examining the Forged Alloy Alumunium Wheel market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Forged Alloy Alumunium Wheel market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Forged Alloy Alumunium Wheel:
Company Analysis: Report covers individual Forged Alloy Alumunium Wheel manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Forged Alloy Alumunium Wheel This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Vehicle, Commercial Vehicle).
Technology Analysis: Report covers specific technologies relevant to Forged Alloy Alumunium Wheel. It assesses the current state, advancements, and potential future developments in Forged Alloy Alumunium Wheel areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Forged Alloy Alumunium Wheel market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation
Forged Alloy Alumunium Wheel market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
- OEM
- Aftermarket

Market segment by Application
- Passenger Vehicle
- Commercial Vehicle

Major players covered
- Arconic
- Otto Fuchs
- CITIC Dicastal
- Gemsy Wheels
- Hongxin Wheel
- Borbet
- Accuride
- BBS JAPAN
- Ronal Wheels
- Wanfeng Auto
- RAYS Wheels
- Zhejiang Jinfei
- Lizhong Group

Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Forged Alloy Alumunium Wheel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Forged Alloy Alumunium Wheel, with price, sales, revenue and global market share of Forged Alloy Alumunium Wheel from 2019 to 2024.
Chapter 3, the Forged Alloy Alumunium Wheel competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Forged Alloy Alumunium Wheel breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Forged Alloy Alumunium Wheel market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Forged Alloy Alumunium Wheel.
Chapter 14 and 15, to describe Forged Alloy Alumunium Wheel sales channel, distributors, customers, research findings and conclusion.

Table of Contents

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GLOBAL FORGED ALLOY ALUMUNIUM WHEEL MARKET 2024 BY MANUFACTURERS, REGIONS, TYPE AND APPLICATION, FORECAST TO 2030

Global Info Research

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