Additive Manufacturing to Yield High Cost Savings in Automotive Metal Wheel Manufacturing
Manufactures are redefining their Additive Manufacturing (AM) strategy, combined with intelligent lightweight design, to make 3D printing of metals more resource-efficient. With more and more research and development in the field of additive manufacturing, key players are manufacturing lightweight aluminum components using additive technologies-resulting in a significant reduction in resources and materials used in manufacturing per component compared to traditional industrial methods. Newer designs of components with complex shapes along with weight optimization are the some key factors resulting in a paradigm shift towards AM in automotive metal wheels manufacturing.
Manufacturers experimenting with Titanium for More Lightweight Wheels
Manufacturers of automotive metal wheels have been experimenting with Titanium alloy-especially in electric vehicles, by replacing aluminum wheel centers with titanium alloys for light weight wheels. Additionally, manufacturers are also using carbon fiber band instead of aluminum for a significant reduction in weight and rotational inertia in automotive metal wheels. Moreover, Fact.MR also predicts growing demand for carbon fiber reinforced polymer (CFRP) for wheel rims to deliver critical thermal and mechanical performance, resulting in reduced energy consumption. The ongoing lightweighting trend in the automotive metal wheel market is pushing OEMs and manufacturers to strengthen their R&D along material innovations.
Aluminum Alloy Metal in for a Bright Future in the Global Automotive Metal Wheel Market
Superior thermal conductivity compared to Steel, more structural strength, improved grip on difficult terrains, and better corrosion resistance are some key properties pushing the demand for Aluminum alloy wheels through 2022. Enhanced scope for multiple design innovations along with better fuel economy will result in widespread consumption of alloys wheels. However, heavy steel wheels are likely to witnessed increased adoption in cold regions considering better vehicular stability in extreme winter conditions. Additionally, steel is likely to remain the most metal in the automotive metal wheel market considering its affordability.
Ongoing Design Innovations to Reinvent the Automotive Metal Wheel Landscape
To keep abreast with the requirements from OEMs and end-use consumers demanding lighter and performance-efficient wheels, manufacturers in the global automotive metal wheel market are investing in a broad range of product simulations during the wheel development phase. Product simulations including wheel stiffness for noise reduction, natural frequency analysis of wheels, and torque simulations are likely to improve the quality of metal wheels and reduce development time.
Competitive Landscape
Fact.MR’s comprehensive report on the global automotive metal wheel market, provides critical insights on the key players and their future market strategies likely to define the further course of the market. Fact.MR envisages that product innovations and new product launches will remain the most prominent strategy in the highly fragmented global automotive metal wheel market, to broaden the scope of their product offerings and reach to a more consumers. Owing to the significant market shift from steel wheels to aluminum wheels, Maxion Wheels recently laid the foundation for a new aluminum wheel plant in Pune, India to specifically cater to the growing demand for aluminum wheels in the region. Riding the aluminum wheels wave, Chinese wheel manufacturer CITIC Dicastal is said to build two aluminum wheels factories in Morocco, with an investment of 350 million euros. Iochpe-Maxion, CITIC Dicastal, Borbet, Superior Industries, Accuride, and Jingu Group are some key companies profiled by Fact.MR in its report on global automotive metal wheel market.
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About the Report
Fact.MR has comprehensively studies the global automotive metal wheel market for the assessment period of 2017-2022. The automotive metal wheel market is anticipated to record a rather sluggish CAGR in terms of revenue sales owing to the transformational shift towards light weight wheels. Covered in 14 elaborate chapters, the report offers an extensive segment-wise analysis of key regions, cross-sectional data, and forecast.
Fact.MR’s report titled, “Automotive Metal Wheel Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” analyzes the global market for automotive metal wheel for the aforementioned assessment period and offers actionable insights on the performance of the market through 2022. Supported with extensive secondary and primary research, the report on automotive metal wheel market entails important data and forecast of the market. Other innovative research methods includes trade research, focused interviews, and social media analysis.
Chapter 1: Executive Summary - Global Automotive Metal Wheel Market
The report commences with a brief executive summary to give a quick overview of the global automotive metal wheel landscape to the readers. The section also goes on to give a brief forecast of the market performance in the coming years along with the estimated CAGR for the forecast period of 2017-2022.
Chapter 2: Overview – Global Automotive Metal Wheel Market
In the overview section, our readers get a more elaborate perspective on the automotive metal wheel market, in terms of both value and volume. This section also gives critical insights on the current market value and forecast, along with an analysis of key dynamics influencing metal wheel market performance over the said forecast period.
This report section provides in-depth view of the global automotive metal wheel market and includes the following sub-sections:
- Market Taxonomy
- Market Definition
- Market Size and Forecast
- Year-on-Year (YoY) Growth
- Key Market Dynamics including drivers, restraints, and trends
- Supply chain analysis
- Cost structure analysis
- Pricing analysis
- Raw Material Sourcing Strategy and Analysis
- List of Distributors
- Key Participants Market Presence (Intensity Map) By Region
- An extensive coverage of the market dynamics in this section, would allow the stakeholders to recognize the market opportunities and make informed decisions.
Chapter 3-6: Segmentation Analysis – Global Automotive Metal Wheel Market
The subsequent chapters of the report categorizes the global automotive metal wheel market into various segments, further elaborating on the comparison of YoY growth, revenue, and market share on the basis of four key segments of the automotive metal wheel market, including:
- Material type (steel, aluminum alloy, magnesium, composites, and others)
- Sales channel (OEMs, aftermarket)
- Vehicle type (compact PCs, mid-sized PCs, luxury PCs, premium PCs, LCVs, HCVs)
- Technology type (casting and forging)
Chapter 7-13: Regional Analysis – Global Automotive Metal Wheel Market
These chapters of the report focus on country-wise regional evaluation of the automotive metal wheel market, which provides a comprehensive assessment of the market in North America (the US, Canada), Latin America (Brazil, Mexico, Argentina), Europe (Germany, the UK, France, Spain, Italy, Nordic), Japan, APEJ (China, India, Malaysia, Thailand, Singapore, Australia), and MEA (GCC Countries, South Africa, Nigeria, Israel).
Chapter 14: Competitive Landscape – Global Automotive Metal Wheel Market
The last section of the report on automotive metal wheel market offers an extensive competition landscape analysis of the top market participants in the metal wheel landscape. The dashboard view of the competitive landscape of the global automotive metal wheel market, provides an outlook on the company overview, offerings portfolio, and key strategies. The chapter also delivers valuable insights on the new strategies deployed by key players that would further define their position in the global polyurethane in automotive filters market.
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Automotive Metal Wheel Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022