December 6, 2022

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Automotive Steel Wheels Market to Record a CAGR of 2.79%, Accuride Corp. and ALCAR HOLDING GMBH Among Key Vendors

NEW YORK, Sept. 30, 2022 /PRNewswire/ — The “Automotive Steel Wheels Market by Application (passenger cars, LCVs, and M and HCVs) and Geography (APAC, Europe, North America, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the automotive steel wheels market size between 2021 and 2026 is 33.92 million units. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Company Profiles

The automotive steel wheels market report includes information on the product launches, sustainability, and prospects of leading vendors including Accuride Corp., ALCAR HOLDING GMBH, Automotive Wheels Ltd., BBS GmbH, Bharat Wheel Pvt. Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri Spa, ENKEI WHEELS INDIA Ltd., Fastco Canada, Jantsa Jant Sanayi ve Tic AS, JS Wheels, Klassic Wheels Ltd., MAXION Wheels, RONAL AG, STARCO Europe AS, Steel Strips Wheels Ltd., The Carlstar Group LLC, thyssenkrupp AG, Topy Industries Ltd., and WIL Car Wheels Ltd. The key offerings of some of these vendors are listed below:

  • Accuride Corp. – The company offers automotive steel wheels with high-strength, low-alloy steel to counterbalance the added weight, with advantages such as increased payload and fuel savings without reducing load rating.
  • ALCAR HOLDING GMBH – The company offers automotive steel wheels for cars that accommodate the necessary wireless sensors and have high strength to balance out any problems.
  • Automotive Wheels Ltd. – The company offers automotive steel wheels for passenger cars, vans, and trailer applications where each wheel goes through multiple tests such as corner and radial fatigue test, impact test, and bi-axial test to ensure its reliability and robustness.
  • Bharat Wheel Pvt. Ltd. – The company offers automotive steel wheels where the diameter of a wheel rim is ascertained by taking a measurement from one inside lip to another.
  • Central Motor Wheel of America Inc. – The company offers automotive steel wheels with product styles such as drop well attached, bead seat attached, full-face styled, and wide vent.

Competitive Analysis

The competitive scenario provided in the automotive steel wheels market report evaluates, analyzes, and positions companies based on various performance indicators. Some of the factors considered for this analysis include growth strategies, the financial performance of companies over the past few years, new product launches, product innovations, investments, and growth in market share.

Key Market Dynamics

The growth of the automotive industry in emerging economies is driving the automotive steel wheels market growth. However, factors such as the limitations of steel wheels may challenge the market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Market Segmentation

  • By application, the market has been classified into passenger cars, LCVs, and M& HCVs. The passenger cars segment will contribute the largest share of the market during the forecast period.
  • By geography, the market has been classified into APAC, Europe, North America, South America, and the Middle East and Africa. APAC will have the largest share of the market during the forecast period.

View Our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report

Related Reports

Automotive Wheel Market by Vehicle Type and Geography – Forecast and Analysis 2022-2026: The automotive wheel market size is projected to grow by USD 11.20 billion from 2021 to 2026.

Auto Parts Market by Product and Geography – Forecast and Analysis 2022-2026: The auto parts market size is projected to grow by USD 324.52 billion from 2021 to 2026.

Automotive Steel Wheels Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.79%

Market growth 2022-2026

33.92 mn units

Market structure

Fragmented

YoY growth (%)

2.19

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 73%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accuride Corp., ALCAR HOLDING GMBH, Automotive Wheels Ltd., BBS GmbH, Bharat Wheel Pvt. Ltd., Central Motor Wheel of America Inc., CLN Coils Lamiere Nastri Spa, ENKEI WHEELS INDIA Ltd., Fastco Canada, Jantsa Jant Sanayi ve Tic AS, JS Wheels, Klassic Wheels Ltd., MAXION Wheels, RONAL AG, STARCO Europe AS, Steel Strips Wheels Ltd., The Carlstar Group LLC, thyssenkrupp AG, Topy Industries Ltd., and WIL Car Wheels Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer Discretionary Market Reports

Key Topics Covered

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 (million units)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 (million units)
    • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments 
    • Exhibit 24: Chart on Application – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
  • 5.2 Comparison by Application 
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Passenger cars – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Passenger cars – Market size and forecast 2021-2026 (million units)
    • Exhibit 29: Data Table on Passenger cars – Market size and forecast 2021-2026 (million units)
    • Exhibit 30: Chart on Passenger cars – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Passenger cars – Year-over-year growth 2021-2026 (%)
  • 5.4 LCVs – Market size and forecast 2021-2026
    • Exhibit 32: Chart on LCVs – Market size and forecast 2021-2026 (million units)
    • Exhibit 33: Data Table on LCVs – Market size and forecast 2021-2026 (million units)
    • Exhibit 34: Chart on LCVs – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on LCVs – Year-over-year growth 2021-2026 (%)
  • 5.5 M and HCVs – Market size and forecast 2021-2026
    • Exhibit 36: Chart on M and HCVs – Market size and forecast 2021-2026 (million units)
    • Exhibit 37: Data Table on M and HCVs – Market size and forecast 2021-2026 (million units)
    • Exhibit 38: Chart on M and HCVs – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on M and HCVs – Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Application 
    • Exhibit 40: Market opportunity by Application (million units)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 APAC – Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 (million units)
    • Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 (million units)
    • Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 (million units)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 (million units)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 North America – Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America – Market size and forecast 2021-2026 (million units)
    • Exhibit 55: Data Table on North America – Market size and forecast 2021-2026 (million units)
    • Exhibit 56: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America – Market size and forecast 2021-2026 (million units)
    • Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 (million units)
    • Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026 
    • Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 (million units)
    • Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 (million units)
    • Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 China – Market size and forecast 2021-2026
    • Exhibit 66: Chart on China – Market size and forecast 2021-2026 (million units)
    • Exhibit 67: Data Table on China – Market size and forecast 2021-2026 (million units)
    • Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.9 US – Market size and forecast 2021-2026
    • Exhibit 70: Chart on US – Market size and forecast 2021-2026 (million units)
    • Exhibit 71: Data Table on US – Market size and forecast 2021-2026 (million units)
    • Exhibit 72: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.10 Japan – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan – Market size and forecast 2021-2026 (million units)
    • Exhibit 75: Data Table on Japan – Market size and forecast 2021-2026 (million units)
    • Exhibit 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.11 Germany – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 (million units)
    • Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 (million units)
    • Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.12 India – Market size and forecast 2021-2026
    • Exhibit 82: Chart on India – Market size and forecast 2021-2026 (million units)
    • Exhibit 83: Data Table on India – Market size and forecast 2021-2026 (million units)
    • Exhibit 84: Chart on India – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on India – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 86: Market opportunity by geography (million units)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges 
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape 
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Accuride Corp. 
    • Exhibit 93: Accuride Corp. – Overview
    • Exhibit 94: Accuride Corp. – Product / Service
    • Exhibit 95: Accuride Corp. – Key offerings
  • 10.4 ALCAR HOLDING GMBH 
    • Exhibit 96: ALCAR HOLDING GMBH – Overview
    • Exhibit 97: ALCAR HOLDING GMBH – Product / Service
    • Exhibit 98: ALCAR HOLDING GMBH – Key offerings
  • 10.5 Automotive Wheels Ltd. 
    • Exhibit 99: Automotive Wheels Ltd. – Overview
    • Exhibit 100: Automotive Wheels Ltd. – Product / Service
    • Exhibit 101: Automotive Wheels Ltd. – Key offerings
  • 10.6 Bharat Wheel Pvt. Ltd. 
    • Exhibit 102: Bharat Wheel Pvt. Ltd. – Overview
    • Exhibit 103: Bharat Wheel Pvt. Ltd. – Product / Service
    • Exhibit 104: Bharat Wheel Pvt. Ltd. – Key offerings
  • 10.7 Central Motor Wheel of America Inc. 
    • Exhibit 105: Central Motor Wheel of America Inc. – Overview
    • Exhibit 106: Central Motor Wheel of America Inc. – Product / Service
    • Exhibit 107: Central Motor Wheel of America Inc. – Key offerings
  • 10.8 Fastco Canada 
    • Exhibit 108: Fastco Canada – Overview
    • Exhibit 109: Fastco Canada – Product / Service
    • Exhibit 110: Fastco Canada – Key offerings
  • 10.9 Klassic Wheels Ltd. 
    • Exhibit 111: Klassic Wheels Ltd. – Overview
    • Exhibit 112: Klassic Wheels Ltd. – Product / Service
    • Exhibit 113: Klassic Wheels Ltd. – Key offerings
  • 10.10 MAXION Wheels 
    • Exhibit 114: MAXION Wheels – Overview
    • Exhibit 115: MAXION Wheels – Product / Service
    • Exhibit 116: MAXION Wheels – Key offerings
  • 10.11 Steel Strips Wheels Ltd. 
    • Exhibit 117: Steel Strips Wheels Ltd. – Overview
    • Exhibit 118: Steel Strips Wheels Ltd. – Product / Service
    • Exhibit 119: Steel Strips Wheels Ltd. – Key offerings
  • 10.12 Topy Industries Ltd. 
    • Exhibit 120: Topy Industries Ltd. – Overview
    • Exhibit 121: Topy Industries Ltd. – Business segments
    • Exhibit 122: Topy Industries Ltd. – Key offerings
    • Exhibit 123: Topy Industries Ltd. – Segment focus

11 Appendix

  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 124: Inclusions checklist
    • Exhibit 125: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 126: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 127: Research methodology
    • Exhibit 128: Validation techniques employed for market sizing
    • Exhibit 129: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 130: List of abbreviations

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