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Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
Forged wheels are typically around 25% lighter than cast wheels (and potentially even more).
Scope of the Report:
This report focuses on the Forged Alloy Alumunium Wheel in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The classification of Forged Alloy Alumunium Wheel includes OEM, Aftermarket, and the proportion of OEM in 2017 is about 86.13%, OEM will be the reigning segment in terms of market revenue share throughout the forecast period, anticipated to hold about 86.23% revenue share of the global market by 2025 end. With a noteworthy 5.24% CAGR.
Under by Application, the global market is segmented into Passenger Vehicle, Commercial Vehicleand. Passenger Vehicle segment will hold maximum sales share in the global market, and the consumption proportion is about 88.8% in 2017. and forecasts indicate 88.9% market share for this segment by the end of the forecast period in 2025.
Europe is the largest consumption place, with a consumption market share nearly 30.9% in 2017. Following Europe, North America is the second largest consumption place with the consumption market share of 26.8%, China is also an important sales region for the Forged Alloy Alumunium Wheel.
Market competition is intense. Superior Industries, Alcoa, BBS GmbH, CITIC Dicastal, Borbet, Gemsy Wheels, etc. are the leaders of the industry. In the future, the Forged Alloy Alumunium Whee will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weakening. The installed rate in the commercial vehicle will increase.
The worldwide market for Forged Alloy Alumunium Wheel is expected to grow at a CAGR of roughly 6.9% over the next five years, will reach 3770 million US$ in 2023, from 2520 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
- Superior Industries
- BBS GmbH
- CITIC Dicastal
- Gemsy Wheels
- Ronal Wheels
- Wanfeng Auto
- BBS JAPAN
- RAYS Wheels
- Cromodora Wheels
- Zhejiang Jinfei
- Lizhong Group
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
- Passenger Vehicle
- Commercial Vehicle
There are 15 Chapters to deeply display the global Forged Alloy Alumunium Wheel market.
Chapter 1, to describe Forged Alloy Alumunium Wheel Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Forged Alloy Alumunium Wheel, with sales, revenue, and price of Forged Alloy Alumunium Wheel, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Forged Alloy Alumunium Wheel, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Forged Alloy Alumunium Wheel market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Forged Alloy Alumunium Wheel sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source