[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Electric Tricycles Market Size, Trends, Analysis, and Outlook by Type (Folding Electric Tricycles, Non-Folding Electric Tricycles), Application (Cargo type, Leisure type, Others), Sales Channel (OEMs, Aftermarket), by Country, Segment, and Companies, 2024-2030

April 2024 | 190 pages | ID: E2D36D29CA6EEN
VPAResearch

US$ 3,980.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global Steel Wheel market size is poised to register 4.04% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Steel Wheel market by Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Rim Size (13 to 15, 16 to 18, 19 to 21, Above 21 inches), Finish Type (Chromed, Painted, Polished, Machined, Others), Distribution Channel (OEM, Aftermarket).
The Steel Wheel Market is expected to witness notable evolution and growth by 2030, driven by the sustained demand for affordable and durable wheel solutions across various automotive segments, including passenger vehicles, commercial vehicles, and off-road vehicles, which will continue to underpin the market growth for steel wheels. Secondly, advancements in manufacturing technologies and processes are anticipated to enhance the strength, quality, and aesthetics of steel wheels, ensuring their competitiveness in the market against alternative materials. Further, the expansion of the automotive industry in emerging markets, coupled with the rising demand for utility vehicles and light trucks, is expected to drive the demand for steel wheels, particularly in regions where cost-effective solutions are prioritized. In addition, the growing focus on lightweight and fuel efficiency in vehicle design poses challenges for the steel wheel market; however, ongoing innovations in steel alloys and wheel designs are anticipated to mitigate these challenges and sustain the market's growth trajectory. Furthermore, stringent safety regulations and standards worldwide are expected to further bolster the adoption of steel wheels, given their proven durability and crashworthiness characteristics, especially in commercial and heavy-duty vehicle applications. .

Steel Wheel Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Steel Wheel market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Steel Wheel survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Steel Wheel industry.

Key market trends defining the global Steel Wheel demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Steel Wheel Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Steel Wheel industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Steel Wheel companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Steel Wheel industry
Leading Steel Wheel companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Steel Wheel companies.

Steel Wheel Market Study- Strategic Analysis Review
The Steel Wheel market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Steel Wheel Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Steel Wheel industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Steel Wheel Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Steel Wheel Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Steel Wheel market segments. Similarly, Strong end-user demand is encouraging Canadian Steel Wheel companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Steel Wheel market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Steel Wheel Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Steel Wheel industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Steel Wheel market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Steel Wheel Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Steel Wheel in Asia Pacific. In particular, China, India, and South East Asian Steel Wheel markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Steel Wheel Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Steel Wheel Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Steel Wheel market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Steel Wheel.

Steel Wheel Market Company Profiles
The global Steel Wheel market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Accuride Wheel End Solutions LLC, Central Motor Wheel of America Inc, Dongfeng Motor Wheel Company Ltd, JBW Group Ltd, MAXION Wheels, Rimstock Ltd, Steel Strips Wheels Ltd, U.S. Wheel Corp, Zhejiang Jingu Company Ltd.

Recent Steel Wheel Market Developments
The global Steel Wheel market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Steel Wheel Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
Pricing Analysis
Value Chain Analysis
SWOT Profile
Market Dynamics- Trends, Drivers, Challenges
Porter’s Five Forces Analysis
Macroeconomic Impact Analysis
Case Scenarios- Low, Base, High

Market Segmentation:
Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Rim Size
13 to 15
16 to 18
19 to 21
Above 21 inches
Finish Type
Chromed
Painted
Polished
Machined
Others
Distribution Channel
OEM
Aftermarket

Geographical Segmentation:
North America (3 markets)
Europe (6 markets)
Asia Pacific (6 markets)
Latin America (3 markets)
Middle East Africa (5 markets)

Companies
Accuride Wheel End Solutions LLC
Central Motor Wheel of America Inc
Dongfeng Motor Wheel Company Ltd
JBW Group Ltd
MAXION Wheels
Rimstock Ltd
Steel Strips Wheels Ltd
U.S. Wheel Corp
Zhejiang Jingu Company Ltd.
Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Electric Tricycles Market Overview and Key Findings, 2024
1.2 Electric Tricycles Market Size and Growth Outlook, 2021- 2030
1.3 Electric Tricycles Market Growth Opportunities to 2030
1.4 Key Electric Tricycles Market Trends and Challenges
  1.4.1 Electric Tricycles Market Drivers and Trends
  1.4.2 Electric Tricycles Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Electric Tricycles Companies

2. ELECTRIC TRICYCLES MARKET SIZE OUTLOOK TO 2030

2.1 Electric Tricycles Market Size Outlook, USD Million, 2021- 2030
2.2 Electric Tricycles Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. ELECTRIC TRICYCLES MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. ELECTRIC TRICYCLES MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
Type
Folding Electric Tricycles
Non-Folding Electric Tricycles
Application
Cargo type
Leisure type
Others
Sales Channel
OEMs
Aftermarket
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Electric Tricycles Market, 2025
5.2 Asia Pacific Electric Tricycles Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Electric Tricycles Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Electric Tricycles Market, 2025
5.5 Europe Electric Tricycles Market Size Outlook by Type, 2021- 2030
5.6 Europe Electric Tricycles Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Electric Tricycles Market, 2025
5.8 North America Electric Tricycles Market Size Outlook by Type, 2021- 2030
5.9 North America Electric Tricycles Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Electric Tricycles Market, 2025
5.11 South America Pacific Electric Tricycles Market Size Outlook by Type, 2021- 2030
5.12 South America Electric Tricycles Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Electric Tricycles Market, 2025
5.14 Middle East Africa Electric Tricycles Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Electric Tricycles Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Electric Tricycles Market Size Outlook and Revenue Growth Forecasts
6.2 US Electric Tricycles Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Electric Tricycles Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Electric Tricycles Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Electric Tricycles Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Electric Tricycles Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Electric Tricycles Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Electric Tricycles Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Electric Tricycles Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Electric Tricycles Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Electric Tricycles Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Electric Tricycles Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Electric Tricycles Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Electric Tricycles Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Electric Tricycles Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Electric Tricycles Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Electric Tricycles Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Electric Tricycles Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Electric Tricycles Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Electric Tricycles Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Electric Tricycles Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Electric Tricycles Industry Drivers and Opportunities

7. ELECTRIC TRICYCLES MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. ELECTRIC TRICYCLES COMPANY PROFILES

8.1 Profiles of Leading Electric Tricycles Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
ChongQing Zongshen tricycle manufacturing Co. Ltd
Dongguan Tailing Electric Vehicle Co. Ltd
ECOTRIKE-BG Ltd
Henan Zipstar Tricycle Manufacturing Co. Ltd
Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd
Langfang Sandi Electric Tricycle Company Ltd
Wuxi Southeast Vehicle Technology Co. Ltd
Zongshen Industrial Group

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


More Publications