Global and Japan Forged Alloy Aluminum Wheel Market Insights, Forecast to 2027

Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
Market competition is intense. Superior Industries, Arconic, CITIC Dicastal, Borbet, Gemsy Wheels, Hongxin Wheel, etc. are the leaders of the industry. Arconic was the first company in the rank, accounted for 27.18% market share in 2019. In the future, the forged alloy alumunium wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature. The installed rate in the commercial vehicle will increase. The penetration of forged wheels is expected to grow moderate over the coming years.

Market Analysis and Insights: Global and Japan Forged Alloy Aluminum Wheel Market
This report focuses on global and Japan Forged Alloy Aluminum Wheel market.
In 2020, the global Forged Alloy Aluminum Wheel market size was US$ 3938.7 million and it is expected to reach US$ 5777.5 million by the end of 2027, with a CAGR of 5.6% during 2021-2027. In Japan the Forged Alloy Aluminum Wheel market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Forged Alloy Aluminum Wheel Scope and Market Size
Forged Alloy Aluminum Wheel market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Forged Alloy Aluminum Wheel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Forged Alloy Aluminum Wheel market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
OEM
Aftermarket

Segment by Application
Passenger Vehicle
Commercial Vehicle

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Arconic
Superior Industries
CITIC Dicastal
Gemsy Wheels
Hongxin Wheel
Borbet
Accuride
BBS JAPAN
Ronal Wheels
Wanfeng Auto
RAYS Wheels
Zhejiang Jinfei
Lizhong Group