#Automotive Trailer Wheel Rims Global Market Research Report 2018 | Explore Tumblr posts and blogs

shruticmi-universe · 4 years ago

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SOUTH AFRICA AUTOMOTIVE TRAILER WHEEL RIMS MARKET ANALYSIS

South Africa Automotive Trailer Wheel Rims Market Report, by Product Type (Tubeless and Tube-type), by Size (<18 Inches, 18-20 Inches, and >20 Inches), by Material Type (Steel and Alloy), and by Distribution Channel (OEMs and Aftermarket) – Size, Share, Outlook, and Opportunity Analysis, 2018-2026

South Africa automotive trailer wheel rims market is expected to generate an absolute dollar opportunity of US$ 2.3 Bn during the forecast period of 2018-2026. This is owing to increasing heavy vehicle production in the country, which was 25,162 in 2017 and reached 27,493 in 2018, according to International Organization for Motor Vehicle Manufacturers. Moreover, the government of South Africa has planned to increase the production of automotive components, medium and heavy commercial vehicle production to 1.2 billion units per year by 2020, according to Coherent Market Insights’ analysis.

Market Dynamics

Trailer wheel rims is expected to witness significant adoption in the road transport & logistics applications during the forecast period. In South Africa, road transportation sector is considered as the backbone of the country’s economy. Moreover, increasing demand for heavy vehicles in transportation and logistics sector of the country is propelling demand for heavy vehicle production and thus, increasing the demand for automotive trailer wheel rims in South Africa. In addition, the demand for alloy wheel rims is becoming a trend, owing to its light weight and fuel efficient properties, and also its attractive physical appearance through its design.

Key features of the study:

This report provides in-depth analysis of South Africa automotive trailer wheel rims market size (US$ Mn) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players

It profiles leading players in the South Africa automotive trailer wheel rims market based on the following parameters – company overview, financial performance, product portfolio, trailer wheel rims market capital, key developments, strategies, and future plans

Companies covered as part of this study include Arconic, BORBET GmbH, Burquip, Enkei, Globalwheels, JBH Wheels, MAXION Wheels, Stamford Sport Wheels, Titan International Inc., and TSW Alloy Wheels

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics

The South Africa automotive trailer wheel rims market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the South Africa automotive trailer wheel rims market

Request the sample copy here:

https://www.coherentmarketinsights.com/insight/request-sample/2591

Request the pdf brochure here:

https://www.coherentmarketinsights.com/insight/request-pdf/2591

Detailed Segmentation:

Tubeless

Tube-type

<18 Inches

18-20 Inches

>20 Inches

Steel

Alloy

OEMs

Aftermarket

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments/ Updates

Buy now the market research report here:

https://www.coherentmarketinsights.com/insight/buy-now/2591

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.

What we provide:

Customized market research service

Industry analysis services

Business consulting services

Market intelligence services

Long term engagement model

Country specific analysis

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Mr. shah

Coherent Market Insights Pvt. Ltd.

Address: Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S.

Phone: +1-206-701-6702

Email: [email protected]

Source: https://www.coherentmarketinsights.com/market-insight/south-africa-automotive-trailer-wheel-rims-market-2591

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ttalgifairy-blog · 6 years ago

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Automotive Trailer Wheel Rims New Business Opportunities And Investment Research Report

Automotive trailer wheel rim is the exterior edge of a vehicle that holds the tire. The materials used for manufacturing those rims include steel, aluminum alloy, and magnesium among others. It is characterized by its design, diameter, and width. It provides support to the tire of the vehicle. It also performs various functions such as acting as a supporting link to the suspension unit of the vehicle.

Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/2125

Global Automotive Trailer Wheel Rims Market: Regional Insights

Asia Pacific automotive trailer wheel rims market is expected to grow at a highest CAGR over the forecast period (2018–2026). This growth is attributed to presence of emerging economies such as India, China, and Japan in the region positioned as growth engines in the automotive sector. Owing to increasing vehicle production in economies such as China and India, the demand for automotive trailer wheel rims in this region has also increased. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in India, the total number of vehicles produced in 2015 was 4.16 million and it increased to 4.48 million in 2016. Similarly, in China, the total number of vehicles produced in 2015 was 24.5 million and it increased to 28.1million in 2016. Moreover, the manufacturers of wheel rims such as Maxion wheels, Voxx wheels, Hitachi metals, and others are setting up their plants in this region, which in turn increases the demand for automotive wheel rims and further drives growth of the market. For instance, in January 2018, the Maxion Wheel set up new manufacturing plant in India for manufacturing wheels for passengers cars. Hence, all these factors will help in boosting growth of the automotive trailer wheel rims market in this region.

Browse More About the Market Study @ https://www.coherentmarketinsights.com/ongoing-insight/automotive-trailer-wheel-rims-market-2125

Global Automotive Trailer Wheel Rims market: Competitive Landscape

Major players operating in the global automotive trailer wheel rims market include TSW alloys Wheels, Maxion wheels, Voxx Products, MHT Luxury Wheels, Hitachi Metals Ltd., Zhejiang Wanfeng Auto Wheel Co., Ltd, Sota Offroad, Accuride International Inc., Vossen Wheels, Inc., and Auto Wheel & Rim.

#Automotive Trailer Wheel Rims Market #Automotive Trailer Wheel Rims Market Share #Automotive Trailer Wheel Rims Market Size

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industrialresearchupdatedip-blog · 6 years ago

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Automotive Trailer Wheel Rims Market - Global Industry Insights, Trends, Outlook, 2018 – 2026

Growing automotive industry is one of the major factors driving growth of the automotive trailer wheel rims market

One of the major factors attributed to growth of the market is rising production of vehicles worldwide. For instance, according to the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced in 2016 was 95 million units, which increased to 97 million units in 2017, globally. Therefore, increasing number of vehicles on road is leading to rising demand for automotive trailer wheel rims. Moreover, players in the market are developing advanced and innovative rims, in order to sustain in the market. For instance, the Maxion Wheel, a world leader in the light-weight wheel market, currently supply aluminum wheel rims to every major OEM in the world. The benefits offered by aluminum material over the steel material is that they are often several pounds lighter per wheel, which means quicker acceleration and faster stopping. Moreover, less weight also means less strain on suspension components. In extreme driving conditions, alloy wheels are able to dissipate heat away from brake components than their steel counterparts. Hence, these factors will propel growth of the automotive trailer wheel rims market.

Download PDF Brochure at :

https://www.coherentmarketinsights.com/insight/request-pdf/2125

Global Automotive Trailer Wheel Rims Market: Segment Trends

Among vehicle type, passenger vehicles segment accounted for the largest market share in 2017 and is the fastest growing segment, owing to increasing sales of these vehicles worldwide. According to the International Organization of Motor Vehicle Manufacturers, the total units of passenger cars sold in 2015 was 69 million, which increased to 72 million in 2016, globally. Furthermore, increasing R&D investment by original equipment manufacturer (OEMs) will improve riding quality and also reduce overall weight of the vehicles, which in turn will make the vehicles fuel efficient. Hence, increasing sales of passenger vehicles will inadvertently increase the demand for automotive trailer wheel rims, thereby fueling growth of the market.

High maintenance cost is one of the major factors restraining growth of the automotive trailer wheel rims market

One of the major factors hindering growth of the global automotive trailer wheel rims market is the high maintenance cost that has to be incurred. For instance, according to Coherent Market Insights’ analysis, the cost incurred for straightening a bent rim is around US$ 75 or less whereas the cost incurred for repainting wheel rim requires over US$ 200 per wheel and cost incurred in entire replacement of wheel rim was over US$ 500. Therefore, high cost acts as a barrier for growth of the global market.

Global Automotive Trailer Wheel Rims Market: Regional Insights

Global Automotive Trailer Wheel Rims market: Competitive Landscape

Key players such as TSW alloys, Maxion wheel, Accuride International Inc., and others adopted product development strategies, in order to strengthen their position in the market. For instance, in September 2016, Maxion Wheels, the world’s leading wheel manufacturer, launched the industry’s lightest commercial vehicle steel wheel in the European market. The Gen34 22.5” x 9.0” steel wheel weighs 34 kilograms. This strategy will help the company to serve innovative products to their customers, thereby helping them to gain competitive edge in the market.

For More Information :

https://www.coherentmarketinsights.com/ongoing-insight/automotive-trailer-wheel-rims-market-2125

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email: [email protected]

#Automotive Trailer Wheel Rims Market #Automotive Trailer Wheel Rims Market Size

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