The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel.
The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.In the next few years, Automotive Aluminum Alloy Wheel industry will maintain increasing at a relatively high growth rate.
Investors are still optimistic about this area; the future will still have more new investment enter the field.The classification of Automotive Aluminum Alloy Wheel includes Casting, Forging and Other.
The proportion of Casting in 2017 is about 80.15%.
Cast wheels are cheaper than forged wheels, which are lighter and stronger.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-automotive-aluminium-alloy-wheels-2019-2024-58Â Â Â According to this study, over the next five years the Automotive Aluminium Alloy Wheels market will register a 2.6% CAGR in terms of revenue, the global market size will reach US$ 14400 million by 2024, from US$ 12700 million in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Aluminium Alloy Wheels market by product type, application, key manufacturers and key regions and countries.