Growth opportunities and latent adjacency in Automotive Wheels Aftermarket
The report “Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating (Liquid, Powdered), Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), and Region – Global Forecast to 2025″ Global automotive wheels aftermarket is projected to grow at a CAGR of 3.53% from USD 3.5 billion in 2018 to reach...
Automotive Wheels Aftermarket by Vehicle, Coating, Material, Rim Size and Region – Global Forecast to 2025
According to MarketsandMarkets analysis, the Automotive Wheels Aftermarket, by volume, is estimated to reach 29.9 million units in 2018 and projected to grow at a CAGR of 4.07% during the forecast period. The major factors driving this growth are increasing vehicle sales and cost-effective pricing.
The heavy investments in R&D by wheel manufacturers worldwide in the aftermarket has led to continuous...