2021 Global Automotive Steel Wheels Market Growth Research April 2017

Global Automotive Steel Wheels Market 2017-2021
Steel wheels are widely used in LCVs and M&HCVs as these wheels are heavier and stronger than alloy
wheels. However, steel wheels in passenger cars are being replaced by alloy wheels. Though OEMs are
trying to equip their vehicles with alloy wheels in the passenger car segment, they prefer steel wheels
for the LCVs and M&HCVs segments as these can bear heavy weight.
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Steel wheels can bear heavy loads, which is crucial for the LCV and M&HCV segments. Compared with
alloy wheels, these wheels have better traction at low speeds and are highly preferred by consumers for
off-road applications. Steel wheels are cheaper, durable, require low maintenance cost, and provide
greater safety as they are heavy weight. During winters, these wheels can cut through snow and ice.
Thus, steel wheels are preferred over alloy wheels in the LCV and M&HCV segments.
The analysts forecast global Automotive Steel Wheels Market to grow at a CAGR of 2.64% during the
period 2017-2021.
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This report covers the present scenario and the growth prospects of the global Automotive Steel Wheels
Market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market
by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
The report, Global Automotive Steel Wheels Market 2017-2021, has been prepared based on an in-
depth market analysis with inputs from industry experts. This report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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steel-wheels-market-2017-2021.html
Key vendors
MAXION Wheels
Accuride Wheel End Solutions
Steel Strips Wheels
Other prominent vendors
ALCAR HOLDING
Bharat Wheel
KIC