In terms of vehicle type, the overall automotive wheel market is classified into buses & coaches, heavy trucks, light commercial vehicles, passenger cars, and trailers. The buses & coaches segment will witness over 5.5% CAGR over the forecast time frame with increasing demand from fleet owners. The trailers segment will witness growth owing to the rising freight demand from emerging economies and rapid industrialization across the globe.

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Based on material, the automotive wheel market is categorized into carbon fiber, magnesium, steel wheels, and aluminum. The steel wheels segment will witness around 5% CAGR over the study timeframe with its installation in heavy duty vehicles.

The automotive wheel market is likely to gain substantial growth in the coming years owing to the increasing vehicle production, and the growing demand for lightweight materials. The fast growth of automotive sector across a plethora of industry verticals has benefitted the market as well as its growth.

The application of sensors, electronics, as well as advanced technology in the automotive industry on a large scale, has also led the evolution and growth of consumers demand, which keeps growing as the industry incorporates more technological advancements in its processes and products. The wheels on a truck, car, or bus, are mainly responsible for making sure that a stable grip is maintained on the road, and that the ride is safe and smooth

From a regional frame of reference, Latin America automotive wheel market will witness around 5% CAGR over the forecast timeframe owing to increasing demand of SUVs and light commercial vehicles. The Middle East & Africa region is at a nascent stage and will witness around 4.5% CAGR over the forecast period owing to an increasing demand for premium vehicles.

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Some Point from Table of Contents:

Chapter 5    Global Automotive Wheel Market, By Product

5.1. Global automotive wheel industry share by product, 2019 & 2026

5.2. Regular

5.2.1    Automotive wheel industry estimates and forecast, 2016 - 2026, (Thousand units) (USD Million)

5.2.2    Automotive wheel industry estimates and forecast, by region, 2016 - 2026, (Thousand units) (USD Million)

5.3. High performance

5.3.1    Automotive wheel market estimates and forecast, 2016 - 2026, (Thousand units) (USD Million)

5.3.2    Automotive wheel industry estimates and forecast, by region, 2016 - 2026, (Thousand units) (USD Million)

Chapter 6    Global Automotive Wheel Market, By End-Use

6.1. Global automotive wheel indusytry share by end-use, 2019 & 2026

6.2. OEM

6.2.1    Automotive wheel market estimates and forecast, 2016 - 2026, (Thousand units) (USD Million)

6.2.2    Automotive wheel industry estimates and forecast, by region, 2016 - 2026, (Thousand units) (USD Million)

6.3. Aftermarket

6.3.1    Automotive wheel industry estimates and forecast, 2016 - 2026, (Thousand units) (USD Million)

6.3.2    Automotive wheel industry estimates and forecast, by region, 2016 - 2026, (Thousand units) (USD Million)

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