DUBLIN--(BUSINESS WIRE)--The "Global Passenger Vehicle Wheels Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global Passenger Vehicle Wheels Market is projected to grow at a CAGR of 7.53% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver influencing this market is the increasing demand for vehicles in emerging countries. China and India have invariably improved the growth of the automotive industry. Increase in the sales of passenger cars would lead to an increased demand for passenger vehicle wheels. Emerging countries, have less penetration of passenger cars as compared with the developed economies like the US and Europe. Therefore, passenger vehicle wheel manufacturers are focusing on meeting the rising requirement for these components mainly from automotive markets in China and India.

One trend affecting this market is the adoption of advanced technologies to manufacture steel wheels. OEMs are using advanced simulation tools that can measure wheel stiffness accurately to develop upgraded steel wheels. Laser welding technology and laser welded semi-products technology play a crucial role in manufacturing lighter, high strength steel wheels.

Further, the report states that one challenge affecting this market is the high inflammability of magnesium alloy wheels.

Key Vendors

  • Borbet
  • CLN Group
  • IOCHPE
  • Ronal Group
  • Uniwheels Group

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Introduction

5. Market Landscape

6. Market Sizing

7. Five Forces Analysis

8. Market Segmentation by Material Type

9. Customer Landscape

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/dhfmnj/global_passenger?w=4

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Related Topics: Suspension Systems and Components