Scope of the Study
Alloy wheels are made of an alloy of light metals, namely aluminum, nickel, magnesium, or a combination of these metals. They offer performance advantages over steel wheels, as they are often several pounds lighter per wheel-less weight means improved fuel mileage and increased payload. The trucking industry is largely driven by E-commerce businesses. American Trucking Associations (ATA) projects a 3.4% of Trucking Freight Volume Growth in the United States by the end of 2023. This growth will likely have a positive impact on the market for alloy wheels.
The market study is being classified by Type (Casting and Forging), by Application (Light and Heavy Duty) and major geographies with country level break-up.
Borbet GmbH (Germany), Enkei Wheels (India) Limited (India), Ronal GmbH (Germany), CM Wheels (Ireland), Arconic (United States), Tructyre Fleet Management Ltd (United Kingdom), Citic Dicastal Co., Ltd. (China), Maxion Wheels (Germany), Accuride Wheels (United States) and U.S. Wheel Corp. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Superior Industries International, Inc. (United States), Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd. (China) and Topy Industries Limited (Japan).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Truck Alloy Wheel market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Truck Alloy Wheel market by Type, Application and Region.
On the basis of geography, the market of Truck Alloy Wheel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Aluminum will boost the Truck Alloy Wheel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diameter, the sub-segment i.e. 12 – 16 inch will boost the Truck Alloy Wheel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Trucking Industry Is the Major Driver
- Focus On Light Weight Wheels
- A Decline in the Trucking Industry Due To Surging Fuel Prices
- Growth in Shipping Demand Leading to Growth in the Trucking Industry
- Impact of E-Commerce Business on Trucking Industry
Key Target AudienceTruck Wheel Manufacturer, Traders/Distributors/Suppliers, Raw Material Supplier, End-User and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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