Global Forged Alloy Alumunium Wheel Sales Market Report 2021

Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
Forged wheels are typically around 25% lighter than cast wheels (and potentially even more).
The classification of Forged Alloy Alumunium Wheel includes OEM, Aftermarket, and the proportion of OEM in 2017 is about 86.13%, OEM will be the reigning segment in terms of market revenue share throughout the forecast period, anticipated to hold about 86.23% revenue share of the global market by 2025 end. With a noteworthy 5.24% CAGR.
Under by Application, the global market is segmented into Passenger Vehicle, Commercial Vehicleand. Passenger Vehicle segment will hold maximum sales share in the global market, and the consumption proportion is about 88.8% in 2017. and forecasts indicate 88.9% market share for this segment by the end of the forecast period in 2025.
Europe is the largest consumption place, with a consumption market share nearly 30.9% in 2017. Following Europe, North America is the second largest consumption place with the consumption market share of 26.8%, China is also an important sales region for the Forged Alloy Alumunium Wheel.
Market competition is intense. Superior Industries, Alcoa, BBS GmbH, CITIC Dicastal, Borbet, Gemsy Wheels, etc. are the leaders of the industry. In the future, the Forged Alloy Alumunium Whee will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weakening. The installed rate in the commercial vehicle will increase.

Market Analysis and Insights: Global Forged Alloy Alumunium Wheel Market
The global Forged Alloy Alumunium Wheel market was valued at US$ 3240.1 in 2020 and will reach US$ 4648.5 million by the end of 2027, growing at a CAGR of 6.2% during 2022-2027.

Global Forged Alloy Alumunium Wheel Scope and Market Size
The global Forged Alloy Alumunium Wheel market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Forged Alloy Alumunium Wheel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
OEM
Aftermarket

Segment by Application
Passenger Vehicle
Commercial Vehicle

The Forged Alloy Alumunium Wheel market is analysed and market size information is provided by regions (countries). Segment by Application, the Forged Alloy Alumunium Wheel market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Superior Industries
Alcoa
BBS GmbH
CITIC Dicastal
Borbet
Gemsy Wheels
Ronal Wheels
Accuride
Wanfeng Auto
BBS JAPAN
RAYS Wheels
Cromodora Wheels
Zhejiang Jinfei
Lizhong Group
YHI

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