TechNavio recognizes the following companies as the key players in the Global Automotive Aluminum Wheels Industry: Ronal Group, CiTiC Dicastal Wheel Manufacturing Co. Ltd., Central Motor Wheel Co. Ltd., and Superior Industries International Inc., BORBET GmbH, and Enkei Wheels India Ltd.
Commenting on the report, an analyst from TechNavio’s Automotive team said: “Many large global firms are nowadays outsourcing manufacturing activities to low-cost destinations in the APAC region to reduce manufacturing costs. In fact, many automotive manufacturers have started product development operations in developing countries to leverage the talented and low-cost labor available there. For instance, in 2011, several automotive companies in Western Europe and North America outsourced a large number of manufacturing operations to China. As a result, the Global Automotive Aluminium Wheels industry is growing at a faster pace in developing economies as compared to developed economies.”
According to the report, one of the main drivers in the market is the increase in automobile production and sales. The increasing demand for vehicles has led to an increase in the demand for tyres, which has further fostered the demand for automotive aluminium wheels.
Further, the report states that one of the main challenges in the market is the availability of other light weight wheel materials such as micro alloyed HSLA steel. This is expected to have a negative impact on the usage of aluminium in automotive wheels.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Accuride Corp. Alcoa Inc., and United Wheels Group.
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. For further information on this report, please visit https://www.technavio.com/content/global-automotive-aluminum-wheels-indus…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report -Global Automotive Aluminum Wheels Industry 2012-2016
