DUBLIN--April 13, 2012: Research and Markets (Chinese Automotive Wheel Hub) has announced the addition of the "Global and Chinese Automotive Wheel Hub Industry Report, 2011-2012" report to their offering.
“Global and Chinese Automotive Wheel Hub Industry Report, 2011-2012”
In China, aluminum wheel hub manufacturers can be divided into two categories, aftermarket-oriented, mainly referring to small- and medium-sized producers, and OEM market-oriented, chiefly large-sized ones.
2011 is a year of harvest for Chinese aluminum wheel hub manufacturers, whose main export destinations were United States, Russia, Germany and the UAE, of which, the U.S. market occupied around half of total shares. The U.S. automobile industry saw strong recovery, particularly pickup, light truck and heavy truck, which required large-diameter wheel hubs with unit price 2-3 times higher than that of passenger cars. In 2011, the wheel export of China reached US$4.382 billion, breaking through US$4 billion for the first time, of which, aluminum wheels climbed 24.8% to US$3.886 billion, and steel wheels US$696 million with a 40% rise, both setting new records.
The soaring oil price drives recovery of economic situations in Russia and the Middle East, as well as boosts aluminum wheel hub aftermarket, especially Russia, the main export destination of small- and medium-sized aluminum wheel hub firms in Zhejiang province, China. Despite Chinese automotive market was sluggish in 2011, the luxury car market boomed and witnessed the substantially increased export of aluminum wheel hubs to Germany. Although EU charged anti-dumping duties on aluminum wheel hub made in China, Chinese companies were still competitive. CITIC Dicastal, mainly dealing with exports to Germany, realized export value of US$417 million in 2011, a rise of 20.9% from US$345 million in 2010.
Big events in the automotive wheel industry in 2011 included Brazil-based Iochpe-Maxion's acquisition of Hayes Lemmerz, the world's largest wheel company, with US$725 million in cash. Iochpe-Maxion itself boasts annual capacity of 26 million units of wheels, combined with Hayes Lemmerz's, totaling up to 90 million units, containing 75 million steel wheels and 15 million aluminum wheels. At the end of 2011, Unison Capital, a Japanese private equity firm, projected JPY23.9 billion (about US$310 million) to purchase Asahi Tec.
Key Topics Covered:
- Global Automotive Market
- China Automotive Market
- Global & China Wheel Hub Market
- Aluminum Wheel Hub Manufacturers
- Automotive Steel Wheel Manufacturers
For more information visit Chinese Automotive Wheel Hub
