MARKET INTRODUCTION

Automotive steel wheel is round shaped rim on which the tire is mounted. Automotive steel wheels are both cheaper and stronger when compared to the alloy wheel. Further, the automotive sector worldwide has been under constant pressure to modernize and find innovative ways to develop energy efficiency and reduce carbon discharge, which upsurges the adoption of stainless steel in the automotive sector. The high adoption for steel wheels is expected to drive the growth of automotive steel wheels market.

MARKET DYNAMICS

The major drivers boosting the growth of automotive steel wheels market are the low development cost and cheaper but more durable, increased demand for lightweight steel wheels, and need for improved vehicle dynamics. However, volatility in raw material prices and rise in preference for alloy wheels are expected to hinder the growth of the automotive steel wheels market.

MARKET SCOPE

The "Global Automotive Steel Wheels Market Analysis to 2027"? is a specialized and in-depth study of the automotive steel wheels industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive steel wheels market with detailed market segmentation by rim size, vehicle type, end user, and geography. The global automotive steel wheels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive steel wheels market players and offers trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive steel wheels market is segmented on the basis of rim size, vehicle type, and end user. Based on rim size, the automotive steel wheels market is segmented as 13-15 Inches, 16-18 Inches, 19-21 Inches, and More than 21 Inches. On the basis of vehicle type, the market is segmented as heavy commercial vehicle, light commercial vehicle, and passenger vehicle. Based on end user, the automotive steel wheels market is segmented as OEM and aftermarket.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive steel wheels market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive steel wheels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive steel wheels market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automotive steel wheels market for each region.

MARKET PLAYERS

The reports cover key developments in the automotive steel wheels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive steel wheels market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steel wheels in the global market. Below mentioned is the list of few companies engaged in the automotive steel wheels market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

- Accuride Corp.
- ALCAR HOLDING GmbH
- Central Motor Wheel of America Inc.
- Fastco Canada
- Iochpe-Maxion SA
- Klassic Wheels Ltd.
- Mangels Industrial SA
- Shanghai Baosteel Autoparts Co. Ltd.
- Steel Strips Wheels Ltd.
- Topy Industries Ltd.