Global & China Automotive Wheel Sector Analysed in New Report by ResearchInChina Published at MarketPublishers.com
15 Apr 2015 • by Natalie Aster
LONDON – As of 2014, the automotive wheel industry stayed stable; however, the market became more divided, with low-priced cars employing ever-cheaper steel wheels and premium car models adopting more expensive aluminum wheels. North American and European markets demonstrated an excellent performance. Although with the highest surge in car sales worldwide, China witnessed a drop in the aluminum wheel installation rate, as an increasing number of low-end models came into the market and carmakers tried to curtail costs. Tremendous downward pressure on the country’s economy has resulted in the decreased sales of commercial vehicles, thereby sharply reducing profits and revenue of manufacturers of steel wheels for commercial vehicles.
During 2011-2013, the large-scale industry players rarely expanded their capacities due to fear of overcapacity. Small players have no access to OEM (original equipment manufacturer) market at all, while the AM (after market) stagnates. Starting from 2014, industry giants began feeling a lack of capacity and later boosting production aggressively.
New research study “Global and China Automotive Wheel Industry Report, 2014-2015” drawn up by ResearchInChina provides a detailed guide to the automotive wheel industry, globally and across China, covering recent industry developments, market analysis, sales volume of Chinese automakers. It proceeds with an in-depth examination of the automotive wheel market and industry worldwide and on the national level. The report provides detailed profiles of the 37 automotive aluminum and steel wheel companies.
Global and China Automotive Wheel Industry Report, 2014-2015
Published: April, 2015
Price: US$ 2,150.00
Other Reports by ResearchInChina Include:
- Global and China Automotive Seating Industry Report, 2014-2015
- China Three-way Catalytic Converter Industry Report, 2014
- Global and China Solar Cell Paste Industry Report, 2014-2017
More new market research reports by the publisher can be found at ResearchInChina page.