Global Automotive Steel Wheels Market 2017-2021

Global Automotive Steel Wheels Market 2017-2021

Published: April 2017
Publisher: Technavio
Product ref: 276524
Pages: 70
Format: PDF
Delivery: By product vendor

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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.

Technavio’s 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
• Europe

Technavio's 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
• Bharat Wheel

Market driver
• Growth in promotion of budget cars by OEMs for emerging countries.
• For a full, detailed list, view our report

Market challenge
• Growing concern toward increased greenhouse gas emissions from automotive industry.
• For a full, detailed list, view our report

Market trend
• Advances in technology by OEMs for manufacturing steel wheels.
• For a full, detailed list, view our 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 our analyst’s time when you purchase this market report. Details are provided within the report.

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Related research categories

By sector: Materials (in Components), Tyre/wheel (in Components)

By market: Global

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