Global and China Automotive Wheel Market Report 2018-2023: In 2017, China's Output of Automotive Wheel Rose 7.1% Year on Year to About 270 Million Units, with the CAGR of 14.2% Between 2009 and 2017

11/12/2018, 12:15 PM (Source: GlobeNewswire)

Dublin, Nov. 12, 2018 (GLOBE NEWSWIRE) -- The "Global and China Automotive Wheel Industry Report, 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global automobile output edged up 2.4% year on year to 97.3 million units in 2017 and it is expected to grow at around 2.0% in the next five years. China, as the largest producer of automobiles in the world, garnered the output of 29.05 million units in 2017, with a year-on-year increase of 3.2% and a 29.8% share of global total.

The automotive wheel industry grows steadily in pace with the automobile industry. In 2017, China's output of automotive wheel rose 7.1% year on year to about 270 million units, with the CAGR of 14.2% between 2009 and 2017. Favored by policies, the automotive wheel industry will see a CAGR of 4.0% or so during 2018-2023. As its automotive wheel industry is developing apace, China has become the global production center for automotive wheels, with at least 70% of the world's wheels produced in China.

Automotive wheels can be divided into aluminum wheel and steel wheel, of which the former is primarily used in light vehicles with a higher market share. The aluminum wheel output seized 69.6% of the total in 2017, and it is expected to reach 250 million units in 2023.

The demand for wheels in China are primarily from OEMs, AM and export. In 2017, 48.4% and 41.4% of the market demand for Chinese aluminum wheels stemmed from OEMs and export respectively; over 70% of the demand for steel wheels was driven by OEMs.

Major automotive wheel manufacturers in China include CITIC Dicastal, Zhejiang Jinfei Kaida Wheel, Zhejiang Wanfeng Auto, Zhengxing Wheel, Zhejiang Jingu, etc., featuring relatively high market concentration. In 2017, the CR5 of China's aluminum wheel industry was 54.0%, of which CITIC Dicastal ranked first with a market share of 26.9%; China's steel wheel industry fetched the CR5 of 63.3%, in which Zhengxing Wheel and Zhejiang Jingu held the market share of over 15.0% each.

At present, the gap between the cost price and the selling price of wheels is huge, meaning the use cost is high. Shared wheel is growing a trend to reduce the cost. In July 2018, the first Chinese shared wheel brand made its debut in China.

Global and China Automotive Wheel Industry Report, 2018-2023 focuses on the following:

  • Definition, industry chain, development trends, industrial policies, etc. of automotive wheels
  • Output, sales volume, major automakers, etc. in the global automobile industry;
  • Market size, competitive landscape, sales volume of major automakers, etc. in China's automobile industry;
  • Wheel market size, market structure, main suppliers, import and export, etc. in the world;
  • Wheel (aluminum wheel, steel wheel) market size, competition pattern, import and export, etc. in China;
  • Operation, wheel output & sales, etc. of 8 foreign and 14 Chinese automotive wheel manufacturers.

Key Topics Covered:

1 Overview of Automotive Wheel
1.1 Definition and Classification
1.2 Industry Chain
1.3 Development Trend
1.4 Industry Policy

2 Global Automobile Market
2.1 Global Automotive Market
2.1.1 Output
2.1.2 Sales Volume
2.2 Global Automakers
2.2.1 Volkswagen
2.2.2 Toyota
2.2.3 GM
2.2.4 Renault-Nissan-Mitsubishi
2.2.5 Hyundai-Kia

3 Chinese Automobile Market
3.1 Overview of Chinese Automotive Market
3.1.1 Market Size
3.1.2 Pattern
3.2 Sales of Typical Chinese Automakers

4 Global Wheel Market
4.1 Global Aluminum Wheel Market
4.2 Geographical Pattern of Aluminum Wheel
4.3 Supply Relation between Aluminum Wheel Makers and Automakers
4.4 Global Automotive Wheel Import & Export

5 Chinese Wheel Market
5.1 Overall
5.2 Aluminum Wheel Industry in China
5.2.1 Market Size
5.2.2 Competitive Landscape
5.3 Steel Wheel Industry in China
5.3.1 Market Size
5.3.2 Competitive Landscape
5.4 China's Wheel Import & Export
5.4.1 Overall
5.4.2 Ranking by Export
5.4.3 Export by Nation
5.4.4 Export by Province

6 Foreign Wheel Manufacturers
6.1 Iochpe-Maxion
6.2 ENKEI
6.3 CHUO SEIKI
6.4 SII
6.5 Borbet
6.6 RONAL
6.7 YHI
6.8 TOPY

7 Aluminum Wheel Manufacturers
7.1 CITIC Dicastal
7.2 Lizhong Wheel
7.3 Zhejiang Jinfei Kaida Wheel
7.4 Zhejiang Wanfeng Auto Wheel
7.5 Zhejiang Yueling
7.6 Shanghai MingQi Aluminium Industry
7.7 Lioho Group
7.8 Donlinks Group
7.9 Sheng Wang Auto Parts

8 Steel Wheel Manufacturers
8.1 Dongfeng Motor Wheel
8.2 Zhengxing Wheel
8.3 Changchun Faway Automobile Components
8.4 Xingmin Intelligent Transportation Systems (Group)
8.5 Zhejiang Jingu

For more information about this report visit https://www.researchandmarkets.com/research/hxnkvc/global_and_china?w=12

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