Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.

Market Analysis and Insights: Global Aluminium Alloy Wheel Market

Due to the COVID-19 pandemic, the global Aluminium Alloy Wheel market size is estimated to be worth US$ 20550 million in 2022 and is forecast to a readjusted size of US$ 22080 million by 2028 with a CAGR of 1.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Casting accounting for % of the Aluminium Alloy Wheel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.

The top four global manufacturers of aluminium alloy Wheels are Borbet, Ronal Wheels, Enkei Wheels and Citic Dicastal, which together account for about 40% of the market.

Global Aluminium Alloy Wheel Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Aluminium Alloy Wheel Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Casting

Forging

Other


Segment by Application


Passenger Vehicle

Commercial Vehicle


By Company


Borbet

Ronal Wheels

Enkei Wheels

Superior Industries

Alcoa

Iochpe-Maxion

Uniwheel Group

Accuride

YHI International Limited

Topy Group

CITIC Dicastal

Lizhong Group

Wanfeng Auto

Kunshan Liufeng

Zhejiang Jinfei

Yueling Wheels

Zhongnan Aluminum Wheels

Anchi Aluminum Wheel

Guangdong Dcenti Auto-Parts


Production by Region



North America

Europe

Middle East & Africa

Southeast Asia

South America

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina