Aluminum Alloy Metal Delivers Innovative Scope to Bolster Automotive Metal Wheel Demand, reports Fac

From: Fact.MR
Published: Mon May 06 2019

According to this meticulously compiled research study published by FactMR, the status of automotive metal wheel market stands dubious. Fluctuations in consumer trends together with swelling demand for light weight wheels is restricting the global market expansion. In order to confer additional market factors, readers can access the research report titled "Automotive Metal Wheel Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022", added to the broad online database controlled by FactMR.

Based on prime insights, the global automotive metal wheel market is likely to register sluggish CAGR through 2022. Furthermore, the automotive metal wheel market is examined carefully to predict a valuation of approximately US$ 92 Billion by 2022-end. Readers are offered the privilege to make use of precise market factors such as Y-o-Y growth, market size (US$ Mn), supply chain, pricing analysis, revenue (US$ Mn) comparison etc., thereby, assisting in drawing essential conclusions. Considering the regional landscape, APEJ is known to retain its dominant position. On the other hand, Europe is listed to emerge as a lucrative market across the automotive metal wheel sector in the coming years.

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Aluminum Alloy Metal Looms As a Positive Option for Market Growth

The eminence of aluminum alloy metal to deliver superior thermal conductivity and additional structural strength are seen as major assets pushing its demand across the automotive metal wheel market. Furthermore, improved grip on sturdy terrains, along with improved corrosion resistance are other aspects favoring the usage of aluminum alloy metal during the period until 2022.

The report unveils that multiple design innovations in collaboration with better fuel economy will lead to widespread implementation of alloys wheels. Conversely, heavy steel wheels are anticipated to witness increased adoption across cold regions, since they offer superior vehicular stability in perilous winter conditions.

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Inclination for Titanium to Develop Lightweight Wheels Gain Major Traction

Since many years, automotive metal wheels manufacturers have been operating experiments with Titanium alloy, particularly in electric vehicles. The replacement of aluminum wheel centers with titanium alloys to acquire light weight wheels is slowly emerging as an innovative trend. Additionally, the use of carbon fiber band as an alternative to aluminum is proving advantageous for significantly reducing weight and providing rotational inertia in automotive metal wheels. According to this FactMR study, growing application for carbon fiber reinforced polymer (CFRP) focused at wheel rims to supply critical thermal and mechanical performance is causing reduced energy consumption. It is necessary to note that, the current trend towards lightweight variants in the automotive metal wheel market is exhorting OEMs and manufacturers to reinforce their R&D along material modernizations.

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Competitive Scenario

The final section of this all-inclusive research report fathoms the competitive landscape comprising leading market players operating in the global automotive metal wheel market. Readers can receive imperative details focusing at the future market strategies and new product launches managed by each of the stated manufacturers. Some of the prominent market players mentioned in the report are Enkei Wheels, ALCAR, Lizhong Group, Jingu Group, Superior Industries, Topy, Borbet and CITIC Dicastal.

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