Techno World Automotive-Trailer-Wheel-Rims-Market | Page 3

28.1million in 2016. Moreover, the manufacturers of wheel rims such as Maxion wheels, Voxx wheels, Hitachi metals, and others are setting up their plants in this region, which in turn increases the demand for automotive wheel rims and further drives growth of the market. For instance, in January 2018, the Maxion Wheel set up new manufacturing plant in India for manufacturing wheels for passengers cars. Hence, all these factors will help in boosting growth of the automotive trailer wheel rims market in this region. Global Automotive Trailer Wheel Rims market: Competitive Landscape Major players operating in the global automotive trailer wheel rims market include TSW alloys Wheels, Maxion wheels, Voxx Products, MHT Luxury Wheels, Hitachi Metals Ltd., Zhejiang Wanfeng Auto Wheel Co., Ltd, Sota Offroad, Accuride International Inc., Vossen Wheels, Inc., and Auto Wheel & Rim. Key players such as TSW alloys, Maxion wheel, Accuride International Inc., and others adopted product development strategies, in order to strengthen their position in the market. For instance, in September 2016, Maxion Wheels, the world’s leading wheel manufacturer, launched the industry’s lightest commercial vehicle steel wheel in the European market. The Gen34 22.5” x 9.0” steel wheel weighs 34 kilograms. This strategy will help the company to serve innovative products to their customers, thereby helping them to gain competitive edge in the market. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: [phone] Email: [email protected]