DUBLIN, April 13, 2022 /PRNewswire/ — The “Global Automotive Wheels Aftermarket by Aftermarket (new wheel replacement and rebuilt wheel assembly), vehicle (PC, CV), coating, material, rim size (13-15 inch, 16-18 inch, 19-21 inch , above 21 inches), Product, Distribution & Region – Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.
The global automotive wheel spare parts market is estimated to grow from $3.4 billion in 2022 at a CAGR of 3.5% to reach $4.1 billion by 2027.
The increased demand for lightweight materials will drive the automotive wheel aftermarket. However, maintaining a balance between performance, cost and weight creates a barrier to the growth of the automotive wheel aftermarket.
Strict environmental regulations for zero-VOC or no-VOC coatings will propel the growth of powder coating over the forecast period
The powder coatings segment is the fastest growing and fastest growing automotive wheel aftermarket segment. Powder coatings are environmentally friendly and are expected to grow rapidly due to unique characteristics such as high resistance to corrosion, chipping, high quality finish and abrasion. It also provides protection against humidity, heat and chemicals. Additionally, these powder coatings emit only a small amount of VOCs. The main growth drivers for the powder coatings segment are waste reduction and increasingly stringent environmental regulations for VOC-free or VOC-free coatings.
North America is expected to register the largest market during the forecast period
North America is the largest automotive wheel aftermarket. North America is home to major automobile manufacturers such as Ford Motor Company, General Motors, and Tesla. The North American automobile industry has witnessed rapid development due to favorable policies adopted by governments in the manufacturing sector. The United States is estimated to account for the largest share of the North American automotive wheel aftermarket market during the forecast period.
Players like Maxion Wheels, Superior Industries, Accuride Corporation, Howmet Aerospace, Central Motor Wheels of America, Prime Wheel Corporation, Topy America, Inc., etc., are some of the major automotive wheel manufacturers across the globe. The American automotive industry is very much about innovation, technology and the development of high-performance, fuel-efficient vehicles. Factors such as stringent emission standards and growing demand for vehicle dynamics are expected to propel the automotive wheel aftermarket into North America
Main topics covered:
1. Introduction
2 Research methodology
3 Executive Summary
4 premium previews
4.1 Attractive Opportunities in Automotive Wheel Aftermarket
4.2 North America lead the global automotive wheel aftermarket
4.3 Automotive Wheel Aftermarket, By Vehicle Type
4.4 Automotive Wheel Aftermarket, By Material Type
4.5 Automotive Wheel Aftermarket, By Coating Type
4.6 Automotive Wheel Aftermarket, by Aftermarket Type
4.7 Automotive Wheel Aftermarket, By Rim Size
4.8 Automotive Wheel Aftermarket, by Product Type
5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Improving Vehicle Dynamics and Increasing Demand for Lightweight Materials to Drive Aftermarket for Wheels
5.2.1.2 Major Organized and Unorganized Secondary Markets for Wheels
5.2.1.3 Growing number of car enthusiasts
5.2.1.4 Gradual increase in average mileage traveled
5.2.2 Constraints
5.2.2.1 Commodity price volatility
5.2.3 Opportunities
5.2.3.1 Advanced materials, use of light alloys and new compositions
5.2.3.2 Indirect impact on the secondary market with the evolution of the regulatory environment to reduce the carbon footprint
5.2.4 Challenges
5.2.4.1 Technical barriers to the use of lightweight materials
5.2.4.2 Balance between performance, cost and weight
5.3 Porter’s Five Forces Analysis
5.4 Value chain analysis
5.5 Ecosystem analysis
5.6 Patent Analysis
5.7 Case study
5.7.1 Accuride Corrosion Resistant Steel Armor Coating Technology
5.7.2 Steel armor coating technology
5.7.3 Scope of carbon fiber reinforced polymer rims for Formula Student racing cars
5.8 Price Analysis
5.9 Regulatory overview
5.10 Technology Analysis
5.11 Automotive Wheel Aftermarket Market Trends and Disruption
5.12 Automotive Wheel Aftermarket: Impact of COVID-19
5.13 Scenario analysis
5.14 List of conferences and events
5.15 List of conferences and regulatory bodies, government agencies and other organizations
6 Automotive Wheel Spare Parts, by Spare Part Type
6.1 Presentation
6.1.1 Assumptions
6.1.2 Research methodology
6.2 Replacing a new wheel
6.2.1 North America to lead the new wheel replacement market
6.3 Fitting reconditioned wheels
6.3.1 Growing Demand for Aesthetics to Drive Demand for Refurbished Wheel Fitting
6.4 Main Key Information
7 Automotive Wheel Spare Parts, by Coating Type
7.1 Presentation
7.1.1 Operational data
7.1.2 Assumptions
7.1.3 Research methodology
7.2 Liquid coating
7.2.1 Waterborne
7.2.2 Solvent-based
7.3 Powder coating
7.3.1 Low cooking
7.3.2 Deep done
7.4 Main Key Information
8 Automotive Wheel Spare Parts, by Material Type
8.1 Presentation
8.1.1 Operational data
8.1.2 Assumptions
8.1.3 Research methodology
8.2 Alloy
8.2.1 High Durability and Tensile Strength to Drive Alloy Demand
8.3 Steel
8.3.1 North America to lead the steel segment between 2022 and 2027
8.4 Others
8.4.1 Improving Efficiency and Comfort to Fuel Carbon Fiber Demand during the Forecast Period
8.5 Main Key Information
9 Automotive Wheel Spare Parts, by Rim Size
9.1 Presentation
9.1.1 Operational data
9.1.2 Assumptions
9.1.3 Research methodology
9.2 13-15 inches
9.2.1 Increase fuel efficiency to drive demand for 13-15 inch wheels
9.3 16-18 inches
9.3.1 Powerful acceleration to drive demand for 16-18 inch wheels
9.4 19-21 inches
9.4.1 Increased enthusiast preference for larger wheels to increase demand for 19-21 inch wheels
9.5 above 21 inches
9.5.1 High traction and powerful performance to increase the demand for wheels larger than 21 inches
9.6 Main Key Information
10 Automotive Wheel Spare Parts, by Vehicle Type
10.1 Presentation
10.1.1 Operational data
10.1.2 Assumptions
10.1.3 Research methodology
10.2 Commercial Vehicles
10.2.1 Increasing Use of Light Wheels in Commercial Vehicles to Drive Demand
10.3 Passenger cars
10.3.1 Rising Demand for Fuel Efficiency and Government Legislations to Drive Passenger Car Wheel Aftermarket
10.4 Main Key Information
11 Automotive Wheel Aftermarket, By Product Type
11.1 Presentation
11.1.1 Assumptions
11.2 High performance wheels
11.3 Regular wheels
11.4 Main Key Information
12 Automotive Wheel Aftermarket, By Distribution Channel
12.1 Presentation
12.2 Retailers
12.3 Wholesale and Distribution
12.4 Main Key Information
13 Automotive Wheel Aftermarket, by Region
14 Competitive landscape
14.1 Overview
14.2 Market Ranking Analysis
14.3 Competitive Scenario
14.3.1 New Product Developments
14.3.2 Offers
14.3.3 Others
14.4 Business Rating Quadrant
14.4.1 Stars
14.4.2 Emerging Leaders
14.4.3 Pervasive companies
14.4.4 Participants
14.5 Startup/SME Assessment Quadrant
14.5.1 Progressive companies
14.5.2 Sensitive companies
14.5.3 Dynamic companies
14.5.4 Starting Blocks
14.6 Automotive Wheel Aftermarket Market, Stakeholder Map
14.7 Who provides data to whom
15 company profiles
15.1 Maxion wheels
15.2 Ronald Group
15.3 Borbet GmbH
15.4 Enkei Society
15.5 Superior Industries
15.6 Howmet Aerospace
15.7 The Carlstar Group
6.25″ wheels
15.9 America Central Drive Wheel
15.10 Accuride Company
15.11 Other Key Players
15.11.1 Vossen wheels
15.11.2 Konig
15.11.3 Tsw alloy wheels
15.11.4 Forgiat
Group 15.11.5 ounces
15.11.6 Aez Group
15.11.7 State alloy wheels
15.11.8 Beyern Wheels
15.11.9 Working wheels
15.11.10 Zhengxing wheel group
15.11.11 Zumbo wheels
15.11.12 Jian Sin Industrial Co. Ltd Zhengxing Wheel Group
15.11.13 Bbs Kraftfahrzeugtechnik
15.11.14 spoke engineering
16 analyst recommendations
17 Appendix
For more information on this report, visit https://www.researchandmarkets.com/r/9rumhs
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