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Automotive Wheel Rims Market Report Scope & Overview:

The Automotive Wheel Rims Market Size was valued at USD 42.36 billion in 2023 and is expected to reach USD 87.55 billion by 2031 and grow at a CAGR of 9.5% over the forecast period 2024-2031.

As the demand for high-performance and fuel-efficient vehicles rises, lightweight wheel edges are getting to be dynamically well known. These rims significantly impact driving experience by progressing the power-to-weight proportion, driving to superior ride quality and in general vehicle execution. The well-designed rims improve stability and ensure precise rolling, braking, and other basic activities. Beyond performance, wheel rims play a crucial aesthetic role. The different plans and wraps up accessible cater to a wide extend of consumer preferences, further driving market growth. Traditionally, alloys and steel have been the essential materials for rim production. In any case, high-performance vehicles like sports cars are progressively utilizing progressed materials like carbon fibre. Carbon fibre boasts prevalent properties like high tensile strength, thermal and chemical resistance, and remarkable lightweight characteristics, making it a compelling choice for automotive wheel rims.

Automotive Wheel Rims Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Urbanization and infrastructure development in emerging markets fuel the demand for automobiles and subsequently, automotive wheels.

The rise in urbanization and infrastructure development, especially in developing markets, directly fuels the demand for automobiles and subsequently, automotive wheels. This drift is driven by the extending number of people moving to cities, where car ownership gets to be a more practical and desirable means of personal transportation. Improved infrastructure like roads and highways further encourages car utilization, driving to a rising number of vehicles on the road and a ensuing increase in the demand for automotive wheels.

  • Lightweight materials, advanced production methods, and innovative designs fuel automotive wheel market expansion.

RESTRAINTS:

  • Fluctuations in raw material prices impact automotive wheel manufacturing costs.

The automotive wheel market faces a potential issue in the form of fluctuating raw material prices. Steel, aluminium, and carbon fibre which are the essential materials utilized in wheel generation, are subject to market  changes. When the costs of these materials rise, it directly  influences the manufacturing cost of car wheels. This can lead to increased costs for the final product, influencing customer affordability and possibly influencing generally market demand. Manufacturers may need to adjust their pricing strategies or seek alternative materials to moderate the effect of such cost swings and maintain affordability for their products.

  • Shifting consumer preferences for EVs, autonomous vehicles, and specific wheel designs necessitate product adaptations by manufacturers.

OPPORTUNITIES:

  • Manufacturers prioritize advanced facilities, new machinery, and FEA analysis to gain global market recognition.

CHALLENGES:

  • Developing nations' low adoption, fluctuating material costs, and the need for lightweight, compliant wheels with rising replacements hinder automotive wheel market growth.

IMPACT OF RUSSIA-UKRAINE WAR

The Russia-Ukraine war has severely disrupted the automotive wheel rim market, creating several crisis. The Ukraine is the key supplier of components like wiring harnesses has seen production halts and delays, impacting European and global production. Additionally, Russia, a major source of vital metals like nickel and palladium crucial for wheel production, faces sanctions and export disruptions, leading to significant price hikes. This combined effect is estimated to cut global car production by millions, directly impacting the demand for new wheels. Long-term consequences are likely to include cost inflation as rising raw material and transportation costs translate to higher wheel rim prices, potentially dampening consumer demand. Manufacturers will likely seek alternative suppliers for critical materials, potentially altering the global market landscape. Furthermore, the need for fuel efficiency and emission reduction will likely push manufacturers towards lightweight materials like carbon fibre, despite potential cost challenges.

IMPACT OF ECONOMIC SLOWDOWN

Economic slowdowns has reduced consumer spending power which leads to a decline in new car purchases, possibly causing a critical drop in demand for new wheel rims, demand for new wheel rims, during such periods. The buyers limit their budgets, driving to postponed non-essential car maintenance like wheel replacements affecting the aftermarket portion and possibly causing a 5-10% decline in sales. Automakers may moreover be constrained to reduce generation or stop operations, specifically affecting the demand for original equipment manufacturer (OEM) wheel rims, possibly leading to a decrease of 15-25% in demand.  The long-term impacts incorporate descending weight on costs due to reduced demand, possibly affecting profit margins by 5-10%. Unsold wheel rim inventory can accumulate, driving to potential capacity costs and cash flow issues for producers and wholesalers. Furthermore, weaker players may struggle to survive, possibly driving to market consolidation and reduced competition, possibly resulting in a shift in market share of 5-10% towards larger players.

KEY MARKET SEGMENTS:

By Material:

  • Steel

  • Alloy

  • Carbon Fibre

Steel is the dominating sub-segment in the Automotive Wheel Rims Market by material, estimated at around 60-70% of market share. Steel is significantly cheaper than alloy or carbon fibre, making it the preferred choice for budget-conscious consumers. Steel rims are known for their strength and ability to withstand heavy loads, making them ideal for commercial vehicles.

Automotive Wheel Rims Market by Material

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By Vehicle Type:

  • Passenger cars

  • Commercial vehicles

Passenger Cars is the dominating sub-segment in the Automotive Wheel Rims Market by vehicle type, estimated at around 70-80% of market share. Passenger cars significantly outnumber commercial vehicles on the road, leading to higher demand for their wheels. Passenger car owners often prioritize visually appealing and performance-enhancing wheels, driving demand for alloy and carbon fibre options.

By Rim Size:

  • 13”-15”

  • 16”-18”

  • 19”-21”

  • Above 21”

16”-18” is the dominating sub-segment in the Automotive Wheel Rims Market by rim size, estimated at around 40-50% of market share. This size range provides a wide variety of visually appealing designs. Performance: Offers good handling characteristics without significantly impacting fuel efficiency. Strikes a balance between cost and performance compared to larger sizes.

REGIONAL ANALYSES

The Asia Pacific region is the dominating region in the automotive wheel rim market, holding an estimated 40-45% share. This dominance stems from a thriving automotive manufacturing hub in countries like China and India, leading to a high demand for wheel rims. The steel wheels dominate due to their affordability and cater to a budget-conscious consumer base, the region is also witnessing a shift towards larger and more visually appealing wheels, potentially leading to increased adoption of alloy and even carbon fibre options in the future. North America is the second highest region in this market holding a share of approximately 30-35%, driven by its well-established automotive industry and a strong aftermarket sector. Consumers here often favour larger wheels, contributing to the demand for alloy and carbon fibre options alongside the prevalent steel rims.

Automotive-Wheel-Rims-Market--By-Region

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

The major key players are TSW Alloy Wheels (US), Fuel Offroad Wheels (US), CLN Group, Maxion Wheels Inc. (US), Euromax Wheel (US), VOXX International Corporation (US), Sota Offroad (US), Mobile Hi-Tech Wheels Inc. (US), Status Wheels (TUFF A.T) (US), Wheel Pros Holdings, LLC (US), Topy Industries Limited (Japan) and other key players.

Fuel Offroad Wheels (US)-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENTS:

  • In Sept., 2022 - Maxion Wheels, the world's top wheel producer, announced the opening of its newest truck steel wheels plant in Turkey, built in partnership with Inci Holding. This marks a significant expansion for the company.

Automotive Wheel Rims Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 42.36 Billion
Market Size by 2031 US$ 87.55 Billion
CAGR CAGR of 9.5% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Material (Steel, Alloy, Carbon Fibre)
• by Vehicle Type (Passenger cars, Commercial vehicles)
• by Rim Size (13”-15”, 16”-18”, 19”-21”, Above 21”), 
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America
Company Profiles TSW Alloy Wheels (US), Fuel Offroad Wheels (US), CLN Group, Maxion Wheels Inc. (US), Euromax Wheel (US), VOXX International Corporation (US), Sota Offroad (US), Mobile Hi-Tech Wheels Inc. (US), Status Wheels (TUFF A.T) (US), Wheel Pros Holdings, LLC (US), and Topy Industries Limited (Japan)
Key Drivers •Due to increased vehicle production and the continued trend of vehicle weight reduction.

•The need for lightweight wheels to reduce vehicle weight and improve fuel efficiency.
RESTRAINTS •By fluctuating raw material prices in the EV battery production process.

•The market is projected to be constrained by a lack of standardization in automobile wheel production methods.

Frequently Asked Questions

Ans:- The market size is expected to reach USD 87.55 billion by 2031.

Ans:- Material, Vehicle Type, and Rim Size are the different segments of the market.

Ans:- Yes.

Ans:- Asia pacific region is anticipated to be the primary driver of the market.

Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, government agencies and NGOs, Trade/Industrial associations, and End-use industries are the stakeholder of this report.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Automotive Wheel Rims Market Segmentation, By Material
9.1 Introduction
9.2 Trend Analysis
9.3 Steel
9.4 Alloy
9.5 Carbon Fibre

10. Automotive Wheel Rims Market Segmentation, By Vehicle Type
10.1 Introduction
10.2 Trend Analysis
10.3 Passenger cars
10.4 Commercial vehicles

11. Automotive Wheel Rims Market Segmentation, By Rim Size
11.1 Introduction
11.2Trend Analysis
11.3 13”-15”
11.4 16”-18”
11.5 19”-21”
11.6 Above 21”

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Wheel Rims Market Segmentation, By Country
12.2.3 North America Automotive Wheel Rims Market Segmentation, By Material
12.2.4 North America Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.2.5 North America Automotive Wheel Rims Market Segmentation, By Rim Size
12.2.6 USA
12.2.6.1 USA Automotive Wheel Rims Market Segmentation, By Material
12.2.6.2 USA Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.2.6.3 USA Automotive Wheel Rims Market Segmentation, By Rim Size
12.2.7 Canada
12.2.7.1 Canada Automotive Wheel Rims Market Segmentation, By Material
12.2.7.2 Canada Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.2.7.3 Canada Automotive Wheel Rims Market Segmentation, By Rim Size
12.2.8 Mexico
12.2.8.1 Mexico Automotive Wheel Rims Market Segmentation, By Material
12.2.8.2 Mexico Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.2.8.3 Mexico Automotive Wheel Rims Market Segmentation, By Rim Size
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Wheel Rims Market Segmentation, by Country
12.3.2.2 Eastern Europe Automotive Wheel Rims Market Segmentation, By Material
12.3.2.3 Eastern Europe Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.2.4 Eastern Europe Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.2.5 Poland
12.3.2.5.1 Poland Automotive Wheel Rims Market Segmentation, By Material
12.3.2.5.2 Poland Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.2.5.3 Poland Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.2.6 Romania
12.3.2.6.1 Romania Automotive Wheel Rims Market Segmentation, By Material
12.3.2.6.2 Romania Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.2.6.4 Romania Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.2.7 Hungary
12.3.2.7.1 Hungary Automotive Wheel Rims Market Segmentation, By Material
12.3.2.7.2 Hungary Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.2.7.3 Hungary Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.2.8 Turkey
12.3.2.8.1 Turkey Automotive Wheel Rims Market Segmentation, By Material
12.3.2.8.2 Turkey Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.2.8.3 Turkey Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Automotive Wheel Rims Market Segmentation, By Material
12.3.2.9.2 Rest of Eastern Europe Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.2.9.3 Rest of Eastern Europe Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Wheel Rims Market Segmentation, by Country
12.3.3.2 Western Europe Automotive Wheel Rims Market Segmentation, By Material
12.3.3.3 Western Europe Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.4 Western Europe Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.5 Germany
12.3.3.5.1 Germany Automotive Wheel Rims Market Segmentation, By Material
12.3.3.5.2 Germany Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.5.3 Germany Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.6 France
12.3.3.6.1 France Automotive Wheel Rims Market Segmentation, By Material
12.3.3.6.2 France Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.6.3 France Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.7 UK
12.3.3.7.1 UK Automotive Wheel Rims Market Segmentation, By Material
12.3.3.7.2 UK Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.7.3 UK Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.8 Italy
12.3.3.8.1 Italy Automotive Wheel Rims Market Segmentation, By Material
12.3.3.8.2 Italy Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.8.3 Italy Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.9 Spain
12.3.3.9.1 Spain Automotive Wheel Rims Market Segmentation, By Material
12.3.3.9.2 Spain Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.9.3 Spain Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Automotive Wheel Rims Market Segmentation, By Material
12.3.3.10.2 Netherlands Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.10.3 Netherlands Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Automotive Wheel Rims Market Segmentation, By Material
12.3.3.11.2 Switzerland Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.11.3 Switzerland Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.1.12 Austria
12.3.3.12.1 Austria Automotive Wheel Rims Market Segmentation, By Material
12.3.3.12.2 Austria Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.12.3 Austria Automotive Wheel Rims Market Segmentation, By Rim Size
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Automotive Wheel Rims Market Segmentation, By Material
12.3.3.13.2 Rest of Western Europe Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.3.3.13.3 Rest of Western Europe Automotive Wheel Rims Market Segmentation, By Rim Size
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Wheel Rims Market Segmentation, by Country
12.4.3 Asia-Pacific Automotive Wheel Rims Market Segmentation, By Material
12.4.4 Asia-Pacific Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.5 Asia-Pacific Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.6 China
12.4.6.1 China Automotive Wheel Rims Market Segmentation, By Material
12.4.6.2 China Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.6.3 China Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.7 India
12.4.7.1 India Automotive Wheel Rims Market Segmentation, By Material
12.4.7.2 India Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.7.3 India Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.8 Japan
12.4.8.1 Japan Automotive Wheel Rims Market Segmentation, By Material
12.4.8.2 Japan Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.8.3 Japan Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.9 South Korea
12.4.9.1 South Korea Automotive Wheel Rims Market Segmentation, By Material
12.4.9.2 South Korea Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.9.3 South Korea Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.10 Vietnam
12.4.10.1 Vietnam Automotive Wheel Rims Market Segmentation, By Material
12.4.10.2 Vietnam Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.10.3 Vietnam Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.11 Singapore
12.4.11.1 Singapore Automotive Wheel Rims Market Segmentation, By Material
12.4.11.2 Singapore Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.11.3 Singapore Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.12 Australia
12.4.12.1 Australia Automotive Wheel Rims Market Segmentation, By Material
12.4.12.2 Australia Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.12.3 Australia Automotive Wheel Rims Market Segmentation, By Rim Size
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Automotive Wheel Rims Market Segmentation, By Material
12.4.13.2 Rest of Asia-Pacific Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.4.13.3 Rest of Asia-Pacific Automotive Wheel Rims Market Segmentation, By Rim Size
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Wheel Rims Market Segmentation, by Country
12.5.2.2 Middle East Automotive Wheel Rims Market Segmentation, By Material
12.5.2.3 Middle East Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.2.4 Middle East Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.2.5 UAE
12.5.2.5.1 UAE Automotive Wheel Rims Market Segmentation, By Material
12.5.2.5.2 UAE Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.2.5.3 UAE Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.2.6 Egypt
12.5.2.6.1 Egypt Automotive Wheel Rims Market Segmentation, By Material
12.5.2.6.2 Egypt Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.2.6.3 Egypt Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Automotive Wheel Rims Market Segmentation, By Material
12.5.2.7.2 Saudi Arabia Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.2.7.3 Saudi Arabia Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.2.8 Qatar
12.5.2.8.1 Qatar Automotive Wheel Rims Market Segmentation, By Material
12.5.2.8.2 Qatar Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.2.8.3 Qatar Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Automotive Wheel Rims Market Segmentation, By Material
12.5.2.9.2 Rest of Middle East Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.2.9.3 Rest of Middle East Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.3 Africa
12.5.3.1 Africa Automotive Wheel Rims Market Segmentation, by Country
12.5.3.2 Africa Automotive Wheel Rims Market Segmentation, By Material
12.5.3.3 Africa Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.3.4 Africa Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive Wheel Rims Market Segmentation, By Material
12.5.3.5.2 Nigeria Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.3.5.3 Nigeria Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive Wheel Rims Market Segmentation, By Material
12.5.3.6.2 South Africa Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.3.6.3 South Africa Automotive Wheel Rims Market Segmentation, By Rim Size
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive Wheel Rims Market Segmentation, By Material
12.5.3.7.2 Rest of Africa Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.5.3.7.3 Rest of Africa Automotive Wheel Rims Market Segmentation, By Rim Size
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Wheel Rims Market Segmentation, by country
12.6.3 Latin America Automotive Wheel Rims Market Segmentation, By Material
12.6.4 Latin America Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.6.5 Latin America Automotive Wheel Rims Market Segmentation, By Rim Size
12.6.6 Brazil
12.6.6.1 Brazil Automotive Wheel Rims Market Segmentation, By Material
12.6.6.2 Brazil Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.6.6.3 Brazil Automotive Wheel Rims Market Segmentation, By Rim Size
12.6.7 Argentina
12.6.7.1 Argentina Automotive Wheel Rims Market Segmentation, By Material
12.6.7.2 Argentina Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.6.7.3 Argentina Automotive Wheel Rims Market Segmentation, By Rim Size
12.6.8 Colombia
12.6.8.1 Colombia Automotive Wheel Rims Market Segmentation, By Material
12.6.8.2 Colombia Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.6.8.3 Colombia Automotive Wheel Rims Market Segmentation, By Rim Size
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Automotive Wheel Rims Market Segmentation, By Material
12.6.9.2 Rest of Latin America Automotive Wheel Rims Market Segmentation, By Vehicle Type
12.6.9.3 Rest of Latin America Automotive Wheel Rims Market Segmentation, By Rim Size

13. Company Profiles
13.1 TSW Alloy Wheels (US)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Fuel Offroad Wheels (US)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 CLN Group
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Maxion Wheels Inc. (US)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Euromax Wheel (US)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 VOXX International Corporation (US)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Sota Offroad (US)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Mobile Hi-Tech Wheels Inc. (US)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Status Wheels (TUFF A.T) (US)
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Wheel Pros Holdings, LLC (US)
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Topy Industries Limited (Japan)
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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