This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Automotive Wheel Rims Market report.
Maxion Wheels and ZF openmatics partnered on wheel connectivity solutions. This partnership is expected to be the world’s first fully-integrated wheel connectivity solution. The multi-service sensors will analyze and capture vital data such as wheel load, tire pressure and temperature, and other performance factors of tires. This key data is transmitted to the driver’s infotainment system, fleet managers, and infrastructure authorities.
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Important Features that are under Offering and Key Highlights of the Market Report:
Detailed overview of the global market share
Changing market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Wheel Rims Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising market growth
Drivers & Restraints
The incorporation of automotive lightweight materials reduces the weight and improves the fuel efficiency of the vehicle. In recent years, the automotive sector has faced various challenges pertaining to rising emission levels globally. The inherent relationship between fuel consumption and vehicle weight has enabled manufacturers to use lightweight components and meet the emission requirements. Automotive lightweight materials include aluminum, high-strength steel, engineering plastics, and composite materials. These advanced lightweight materials have equal strength compared to conventional components. For example, in 2016, BMW launched its technologically advanced 2017 i3 model, which consists of a carbon fiber polymer body. This carbon fiber polymer body helped the company to increase the battery capacity of the vehicle to 33kWh.
Key players covered in the global Automotive Wheel Rims Market research report:
Maxion Wheels, Steel Strip Wheels, and Ronal Group among others.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Major Table of Contents for Automotive Wheel Rims Market Research Report:
Key Market Growth Insights
Global Market Analysis, Insights and Forecast, 2017-2028
North America Market Analysis, Insights and Forecast, 2017-2028
Europe Market Analysis, Insights and Forecast, 2017-2028
Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
Latin America Market Analysis, Insights and Forecast, 2017-2028
Global Automotive Wheel Rims Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
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