Industry news
ALUMAG AUTOMOTIVE - GLOBAL AUTOMOTIVE ALLOY WHEEL MARKET: PENETRATION, PLAYERS & CAPACITY
Alloy wheels accounted for 53% of the global OE light weight automotive vehicle market in 2016. For commercial truck & trailers the penetration was 14%. The highest penetration of OE alloy wheels is found in N. America where alloy wheels account for 74% of LWV and 40% of commercials.
The capacity of the 12 largest cast alloy wheel producers exceed that of the global automotive OE demand. More than 50 cast alloy wheel manufacturers with a capacity of at least one million units were accounted for by AluMag. A clear sign of a large cast alloy wheel aftermarket.
Cast wheels will remain the preferred alloy wheel for light weight vehicles while the penetration of forged wheels is expected to grow moderate over the coming years. Today forged wheels are primarily used on high end vehicles and sports cars, but the booming electric vehicle segment could boost the penetration of forging wheels in the near future. On the other hand new hybrid wheels to be launched by Maxion / Thyssen could become a threat to forging wheels manufacturers.
For more information on the wheel analysis please contact
www.alumag.com
Source: Alumag
The capacity of the 12 largest cast alloy wheel producers exceed that of the global automotive OE demand. More than 50 cast alloy wheel manufacturers with a capacity of at least one million units were accounted for by AluMag. A clear sign of a large cast alloy wheel aftermarket.
Cast wheels will remain the preferred alloy wheel for light weight vehicles while the penetration of forged wheels is expected to grow moderate over the coming years. Today forged wheels are primarily used on high end vehicles and sports cars, but the booming electric vehicle segment could boost the penetration of forging wheels in the near future. On the other hand new hybrid wheels to be launched by Maxion / Thyssen could become a threat to forging wheels manufacturers.
For more information on the wheel analysis please contact
www.alumag.com
Source: Alumag
