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Automotive Steel Wheels Market | Insights on the Crisis and the Roadmap to Recovery From COVID-19 Pandemic | Technavio

Passenger cars to contribute the largest market share in the automotive steel wheels market

The global automotive steel wheels market is expected to post a decremental growth of 1.69 million units during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automotive steel wheels market in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200917005425/en/

Technavio has announced its latest market research report titled Global Automotive Steel Wheels Market 2020-2024 (Graphic: Business Wire)

Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of automotive steel wheels market. Download free report sample

The automotive steel wheels market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of the COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Decrease compared to 2019.

Automotive Steel Wheels Market 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Automotive Steel Wheels market participants are

  • 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.

Click here to learn about the report’s detailed analysis and insights on how you can leverage them to grow your business.

Automotive Steel Wheels Market 2020-2024: Segmentation

Automotive Steel Wheels Market is segmented as below:

  • Application

    • Passenger cars

    • LCVs

    • M and HCVs

Passenger cars will account for the largest share because the automakers of entry-level passenger cars are increasing the adoption of steel wheels due to their cost-effectiveness.

  • Geography

    • APAC

    • Europe

    • North America

    • South America

    • MEA

APAC region will account for the highest incremental growth during the forecast period due to the growing adoption of passenger cars and CVs in China.

The automotive steel wheels market is driven by the growth of the automotive industry in emerging economies and the development of ultra-lightweight steel wheels for commercial vehicles, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in the Consumer Discretionary industry.

For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Consumer Discretionary section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- as well as post-COVID-19 market estimates

  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

  • Executive Summary

  • Market Landscape

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

  • Market ecosystem

  • Five Forces Analysis

  • Value chain analysis

  • Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

  • Five Forces Analysis

  • Five forces summary

  • Market condition

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of substitutes

  • Threat of rivalry

  • Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Passenger cars - Market size and forecast 2019-2024

  • LCVs - Market size and forecast 2019-2024

  • M and HCVs - Market size and forecast 2019-2024

  • Market opportunity by Application

  • Customer landscape

  • Geographic Landscape

  • Market segments

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

  • Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Accuride Corp.

  • Overview

  • Vendor landscape

  • ALCAR HOLDING GmbH

  • Landscape disruption

  • Central Motor Wheel of America Inc.

  • Fastco Canada

  • Iochpe-Maxion SA

  • Vendors covered

  • Market positioning of vendors

  • Klassic Wheels Ltd.

  • Accuride Corp.

  • Mangels Industrial SA

  • Shanghai Baosteel Autoparts Co. Ltd.

  • ALCAR HOLDING GmbH

  • Central Motor Wheel of America Inc.

  • Steel Strips Wheels Ltd.

  • Topy Industries Ltd.

  • Fastco Canada

  • Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200917005425/en/

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