TechNavio today launched its report Automotive Wheel Market in India 2012-2016 based on an in-depth analysis exclusively focusing on India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Automobiles are being developed to provide increased durability and fuel efficiency. One of the ways in which to achieve these benefits is through the development of lightweight wheels. Thus, automotive wheel vendors are increasingly attempting to develop highly efficient, lightweight wheels with increased strength. In order to achieve this aim, several companies in the Automotive Wheel market in India are entering into strategic alliances with research universities, toward the development of high strength, light weight automotive wheels.”
According to the report, one of the main drivers is the increasing investment being made across the various segments of the Automotive industry. This investment is increasing the competition among the vendors in the Automotive Wheel market in India to develop high-quality wheels at a reduced price and thereby tap the market potential.
Further, the report discusses that one of the main challenges is that automobile manufacturers (or OEMs) are entering the Automotive Wheel market in India.
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/automotive-wheel-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research report – Automotive Wheel Market in India 2012-2016
