Global Automotive Steel Wheels Market 2017-2021

  • ID: 4225820
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • ALCAR HOLDING
  • Bharat Wheel
  • KIC.
  • MAXION Wheels
  • Steel Strips Wheels
  • MORE
About Automotive Steel Wheels

Steel wheels are widely used in LCVs and M&HCVs as these wheels are heavier and stronger than alloy wheels. However, steel wheels in passenger cars are being replaced by alloy wheels. Though OEMs are trying to equip their vehicles with alloy wheels in the passenger car segment, they prefer steel wheels for the LCVs and M&HCVs segments as these can bear heavy weight. Steel wheels can bear heavy loads, which is crucial for the LCV and M&HCV segments. Compared with alloy wheels, these wheels have better traction at low speeds and are highly preferred by consumers for off-road applications. Steel wheels are cheaper, durable, require low maintenance cost, and provide greater safety as they are heavy weight. During winters, these wheels can cut through snow and ice. Thus, steel wheels are preferred over alloy wheels in the LCV and M&HCV segments.

The analysts forecast the global automotive steel wheels market to grow at a CAGR of 2.64% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive steel wheels market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe

The report, Global Automotive Steel Wheels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- MAXION Wheels
- Accuride Wheel End Solutions
- Steel Strips Wheels

Other prominent vendors
- ALCAR HOLDING
- Bharat Wheel
- KIC

Market drivers
- Growth in promotion of budget cars by OEMs for emerging countries.
- For a full, detailed list, view the full report

Market challenges
- Growing concern toward increased greenhouse gas emissions from automotive industry.
- For a full, detailed list, view the full report

Market trends
- Advances in technology by OEMs for manufacturing steel wheels.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ALCAR HOLDING
  • Bharat Wheel
  • KIC.
  • MAXION Wheels
  • Steel Strips Wheels
  • MORE
Executive summary
Scope of the report

Research Methodology
  • Introduction
  • Key market highlights
Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Market segmentation by product
  • Global automotive steel wheels market segmentation by application
  • Global automotive steel wheels market in passenger cars segment
  • Global automotive steel wheels market in LCVs segment
  • Global automotive steel wheels market in M&HCVs segment
Geographical segmentation
  • Global automotive steel wheels market by geography
  • Automotive steel wheels market in Americas
  • Automotive steel wheels market in Europe
  • Automotive steel wheels market in APAC
Key leading countries

Market drivers
  • Low penetration of passenger cars in APAC
  • Increasing preference for M&HCVs for transporting freight
  • Growth in promotion of budget cars by OEMs for emerging countries
Impact of drivers

Market challenges
  • Growing concern toward increasing greenhouse gas emissions from automotive industry
  • Stringent government regulations for owning cars in China
  • Growing preference for alloy wheels in passenger cars
  • Impact of drivers and challenges
Market trends
  • Advances in technology by OEMs for manufacturing steel wheels
  • Growing preference for lightweight steel wheels
  • Increasing demand of low-priced cars in APAC
Vendor Landscape
  • Competitive scenario
  • Other prominent vendors
Key vendor analysis
  • MAXION Wheels
  • Accuride Wheel End Solutions
  • Steel Strips Wheels
  • Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global automotive steel wheels market 2016-2021 (millions of units)
Exhibit 02: Five forces analysis
Exhibit 03: Global automotive steel wheels market by application 2016 (%share)
Exhibit 04: Global automotive steel wheels market by application 2021 (%share)
Exhibit 05: Passenger cars equipped with steel wheels with respect to global sales of passenger cars 2016
Exhibit 06: Global automotive steel wheels market by application 2016-2021 (millions of units)
Exhibit 07: Global automotive steel wheels in passenger cars segment 2016-2021 (millions of units)
Exhibit 08: Global automotive steel wheels market in passenger cars by region 2016-2021 (millions of units)
Exhibit 09: Global automotive steel wheels market in LCVs segment 2016-2021 (millions of units)
Exhibit 10: Global automotive steel wheels market in LCVs segment by region 2016-2021 (millions of units)
Exhibit 11: Global automotive steel wheels market in M&HCVs segment 2016-2021 (millions of units)
Exhibit 12: Global automotive steel wheels market in M&HCVs segment by region 2016-2021 (millions of units)
Exhibit 13: Global automotive steel wheels market by geography 2016 and 2021
Exhibit 14: Automotive steel wheels market in Americas 2016-2021 (millions of units)
Exhibit 15: Automotive steel wheels market in Europe 2016-2021 (millions of units)
Exhibit 16: Automotive steel wheels market in APAC 2016-2021 (millions of units)
Exhibit 17: Key leading countries
Exhibit 18: Drivers in automotive steel wheels market
Exhibit 19: Impact of drivers
Exhibit 20: Key market challenges
Exhibit 21: Impact of drivers and challenges
Exhibit 22: Trends in global steel wheels market
Exhibit 23: Other prominent vendors
Exhibit 24: MAXION Wheels: Business segmentation
Exhibit 25: MAXION Wheels: Recent developments
Exhibit 26: ACCURIDE: Product segmentation by revenue 2015 (share)
Exhibit 27: ACCURIDE: Recent developments
Exhibit 28: Steel Strips Wheels: Recent developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ALCAR HOLDING
  • Bharat Wheel
  • KIC.
  • MAXION Wheels
  • Steel Strips Wheels
  • MORE
New Report Released: – Global Automotive Steel Wheels Market 2017-2021

The author of the report recognizes the following companies as the key players in the global automotive steel wheels’ market: MAXION Wheels, Accuride Wheel End Solutions, and Steel Strips Wheels.

Other Prominent Vendors in the market are: ALCAR HOLDING, Bharat Wheel, and KIC.

Commenting on the report, an analyst from the research team said: “One trend in market is advances in technology by OEMs for manufacturing steel wheels. The OEMs focus on reducing the weight of steel wheels to enhance fuel economy. Advances in technology enhance the manufacturing process of steel wheels, which can reduce weight, provide an esthetic appeal by adding an upgraded wheel trim, reduce cost.”

According to the report, one driver in market is low penetration of passenger cars in APAC. The penetration of passenger cars in APAC is low compared with other regions, which leads to an increase in the number of OEMs in this region. In 2016, India recorded one of the lowest car penetrations in the world, of about 15 cars per 1,000 people. In the same year, China had about 60 cars per 1,000 people and Brazil had 203 cars per 1,000 people. In 2016, developed countries, such as the US, recorded a car penetration of about 800 cars per 1,000 people. Decreased penetration of cars in emerging countries presents wide opportunities for car OEMs to start their business in APAC. The automotive industry will grow in emerging countries like China, India, Brazil, South Korea, Indonesia, and parts of eastern Europe.

Further, the report states that one challenges in market is growing concern toward increasing greenhouse gas emissions from automotive industry. Increasing carbon emissions by the automotive industry is one of the primary reasons for the increased effect of greenhouse gases. Countries across the world focus on reducing carbon emissions. In Europe, vehicles contribute approximately 25% of the total carbon emissions. European countries are restricting carbon emissions to avoid health and environmental hazards. Stringent carbon emission norms are being adopted in Europe, wherein the tax imposed on the purchase of a vehicle will directly depend on the volume of CO₂ emissions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • MAXION Wheels
  • Accuride Wheel End Solutions
  • Steel Strips Wheels
  • ALCAR HOLDING
  • Bharat Wheel
  • KIC.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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