Pune, India, Sept. 05, 2022 (GLOBE NEWSWIRE) — The global Size of the market for car rims is expected to reach $33.33 billion by 2027, growing at a CAGR of 8.2% over the forecast period. Increasing sales of passenger cars will positively contribute to the growth of the market, according to Fortune Business Insights in a report titled “Automotive Wheel Rims Market Size, Share & Industry Analysis, By Material Type (Alloy, Steel, Carbon Fiber)”. By Distribution Channel Type (Original Equipment Manufacturer (OEM) and Aftermarket), By Vehicle Type (Cars and Commercial Vehicles) and Regional Forecast, 2020-2027.” The market size in 2019 was US$19.18 million.
The coronavirus incident has caused massive losses and disruptions in various industries around the world. We understand that this health catastrophe has negatively impacted various sectors around the world. Increasing support from governments and several companies can help in the fight against this highly contagious virus. There are some industries that are struggling and others are thriving. It is estimated that more or less almost every sector is affected by this pandemic.
industry development
- September 2019: Maxion wheels have partnered with ZF OPENMATICS for wheel connectivity solutions. The multi-service sensors analyze and record important data such as wheel load, tire pressure and temperature, and other tire performance factors.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-wheel-rims-market-102032
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2020-2027 |
| Forecast period 2022 to 2029 CAGR | 8.2% |
| Value prognosis 2027 | $33.33 million |
| base year | 2019 |
| Market size in 2019 | $19.18 million |
| Historical data for | 2016-2018 |
| number of pages | 200 |
| segments covered | By material type, by distribution channel type, by vehicle type |
| growth accelerator | Increasing automobile production to promote the Asia-Pacific market |
| Strong demand for automobiles should boost the market |
