DUBLIN, July 26, 2023 /PRNewswire/ — The “Global Alloy Wheels Aftermarket Market (2023-2028) by Product, Size, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Alloy Wheels Aftermarket Market is estimated to be USD 2.03 Bn in 2023 and is expected to reach USD 2.47 Bn by 2028, growing at a CAGR of 4.03%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Alloy Wheels Aftermarket Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Alloy Wheels Aftermarket Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Alloy Wheels Aftermarket Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected Size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Market Dynamics
Drivers
- Increasing Trend of Customized Vehicles
- Rising Need of Giving Better Consumer Experience
Restraints
- Rising Volatility in Raw Material Prices
Opportunities
- Rising Innovation and Replacement of Old Heavier Wheels
- Government Regulations to Increase Fuel Efficiency and Reduce Carbon Emissions
Challenges
- Arising Issues Related to Maintenance and Installation
Companies Mentioned
- Alloy Wheels
- AEZ Leichtmetallrader (Alcar Group)
- BBS Kraftfahrzeugtechnik Ag
- Beyern Wheels
- Carlstar Group LLC
- CM Wheels
- Enkei, Corp.
- Forgiato Wheels
- Hot Tracks
- Jian Sin Industrial, Co. Ltd.
- Konig
- LKQ, Corp.
- Maxion Wheels
- OZ Group
- RAYS Wheels, Co. Ltd.
- Ronal Ag
- Sai Mag Wheels
- Status Alloy Wheels
- Tsw Alloy Wheels
- Vossen Wheels
- Work Wheels
Market Segmentation
The Global Alloy Wheels AfterMarket Market is segmented based on Product, Size, and Geography.
- By Product, the market is classified into Heavy Commercial Vehicles, Light Commercial Vehicle, and Passenger Car.
- By Size, the market is classified into 15-17 Inches, 18-20 Inches, and 20-22 Inches.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/g5fk4r
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
