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Global Alloy Wheels Aftermarket 2016-2020

Global Alloy Wheels Aftermarket 2016-2020

About Alloy Wheels

The use of alloy wheels reduces the unsprung weight and helps in better handling of vehicles. Alloy wheels are light and provide easy acceleration to the cars, leading to better mileage and fuel economy. In the automotive industry wheels made of steel is, therefore, gradually getting replaced by alloy wheels. Alloy wheels are wheels made of alloys of aluminum and magnesium. The increasing use of alloy wheels in the automotive industry is due to several benefits of alloy wheels over the conventional steel wheels.

Technavio’s analysts forecast the global alloy wheels aftermarket to grow at a CAGR of 2.93% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global alloy wheels aftermarket for 2016-2020. To calculate the market size, the report considers the bottom-up approach where the number of vehicles not having OEM fitted alloy wheels.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
Technavio's report, Global Alloy Wheels Aftermarket 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Enkei Wheels
  • Ronal Wheels
  • Momo Wheels
  • Uniwheels
  • BBS Wheels
Other prominent vendors
  • Konig wheels
  • Lenso Wheels
  • MSW wheels
  • Rota Wheels
Market driver
  • Growing predisposition among millennials for external styling
  • For a full, detailed list, view our report
Market challenge
  • Inconsistent quality of aftermarket products and services
  • For a full, detailed list, view our report
Market trend
  • Increase in personalization of vehicles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Alloy Wheels Aftermarket 2016-2020

Technavio recognizes the following companies as the key players in the global alloy wheels aftermarket: Enkei Wheels, Ronal Wheels, Momo Wheels, Uniwheels, and BBS Wheels.

Other Prominent Vendors in the market are: Konig wheels, Lenso Wheels, MSW wheels, and Rota Wheels.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be adoption of advanced technology in manufacturing of alloy wheels. There are different production methods of wheels. Earlier, wheels were manufactured by the method of steel casting. But the problem with casting is the formation of air bubbles while pouring the hot molten liquid into the mold to get the required design. It causes the material to weaken, and there are higher chances of getting the alloy damaged when high pressure is applied.”

According to the report, the aftermarket supplier takes advantage of the gap in terms of quality, flexibility, features, and cost and offers much more flexibility and customization at a lower price. Moreover, aftermarket alloy wheel price will be lower than the OEMs standard alloy wheels. The growing aspiration among millennials is acting as a driver for the growth of the alloy wheels aftermarket.

Further, the report states that there has been an increase in the fitment of alloy wheels done by OEMs. More and more vehicles, even in low variants, are being equipped with alloy wheels. OEMs are trying to tap the untapped market by equipping low variant vehicles with alloy wheels, posing a big challenge to the aftermarket alloy wheel suppliers. Some OEMs even equip the alloy wheels as a standard fitment during launch as a USP and later withdraw it. Tata Motors adopted this strategy when they launched Zest in 2014.



Companies Mentioned

Enkei Wheels, Ronal Wheels, Momo Wheels, Uniwheels, BBS Wheels, Konig wheels, Lenso Wheels, MSW wheels, Rota Wheels.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
  • Market landscape
    • Market overview
      • Table Segmentation of global alloy wheels aftermarket
      • Table Global alloy wheels aftermarket 2015-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by wheel size
    • Global alloy wheels aftermarket by wheel size
      • Table Segmentation of global alloy wheels aftermarket by wheel size 2015 and 2020
      • Table Global alloy wheels aftermarket by wheel size 2015-2020 (millions of units)
    • Global alloy wheels aftermarket in compact-size vehicle type segment
      • Table Global alloy wheels aftermarket in compact-size vehicle type segment 2015-2020 (millions of units)
      • Table Global alloy wheels aftermarket in compact-size vehicle type segment by region 2015-2020 (millions of units)
    • Global alloy wheels aftermarket in mid-size vehicle type segment
      • Table Global alloy wheels aftermarket in mid-size vehicle type segment 2015-2020 (millions of units)
      • Table Global alloy wheels aftermarket in mid-size vehicle type segment by region 2015-2020 (millions of units)
    • Global alloy wheels aftermarket in full-size vehicle type segment
      • Table Global alloy wheels aftermarket in full-size vehicle type segment 2015-2020 (millions of units)
      • Table Global alloy wheels aftermarket in full-size vehicle type segment by region 2015- 2020 (thousands of units)
  • Geographical segmentation
    • Geographical segmentation of global alloy wheels aftermarket
      • Table Global alloy wheels aftermarket by geography 2015 and 2020
    • Global alloy wheels aftermarket in Americas
      • Table Global alloy wheels aftermarket in Americas 2015-2020 (millions of units)
    • Global alloy wheels aftermarket in Europe
      • Table Global alloy wheels aftermarket in Europe 2015-2020 (millions of units)
    • Global alloy wheels aftermarket in APAC
      • Table Global alloy wheels aftermarket in APAC 2015-2020 (millions of units)
  • Leading countries
    • Table Leading countries
  • Market drivers
    • Table Market drivers in alloy wheels aftermarket
    • Decrease in age of first-time buyers
    • Growing predisposition among millennials for external styling
    • Low price of aftermarket products and services
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Challenges in global alloy wheels aftermarket
    • Increase in OEM fitment
    • Increased likelihood of getting warranty voided due to installation of aftermarket products
    • Inconsistent quality of aftermarket products and services
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Trends in global alloy wheels aftermarket
    • Rise in sales through online channels
    • Increase in personalization of vehicles
    • Adoption of advanced technology in manufacturing of alloy wheels
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Enkei Wheels
    • Ronal Wheels
    • Momo Wheels
    • Uniwheels
    • BBS Wheels
  • Appendix
    • List of abbreviations
  • Explore Technavio

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