Automotive Alloy Wheel Market: Structure and Overview of Key Market Forces Propelling Market

Automotive alloy wheel are made of alloys of light metals such as aluminum, magnesium, or nickel. Automotive alloy wheels enhance the appearance of the vehicle. They are lighter, stronger, and provide better vehicle ride quality, as compared to conventional steel spoke wheels. Automotive alloy wheels improves vehicle steering and acceleration. Furthermore, alloys (aluminum and magnesium alloys) are good conductors of heat and hence, automotive alloy wheels enhance heat dissipation from brakes and decrease the chances of vehicle brake failure under intense driving conditions.

Changing weather conditions across the globe have led to the adoption of lightweight and corrosion-resistant wheels in vehicles. This in turn is a key factor that is expected to drive the automotive alloy wheels market during the forecast period. Wheels are a vital part of all vehicles and an increase in production of vehicles around the world is also projected to boost the automotive alloy wheel market during the forecast period.

Automotive alloy wheels offer superior grip on brakes, enhanced driving experience, and improved fuel efficiency. These advantages are likely to boost the automotive alloy wheel market during the forecast period. Automotive alloy wheels are more expensive than spoke wheels and require a higher maintenance cost. This leads to limited adoption of alloy wheels in commercial vehicles. This is estimated to hamper the automotive alloy wheels market during the forecast period.

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The automotive alloy wheel market can be segmented based on type, wheel size, sales channel, vehicle type, and region. Based on type, the automotive alloy wheel market can be bifurcated into polished alloy wheel, two toned alloy wheel, and others. The polished alloy wheel segment accounted for a major share of the market owing to its superior esthetic appearance. Polished alloy wheels appear attractive as compared to other wheels.

In terms of wheel size (diameter of the vehicle wheel), the automotive alloy wheel market can be segregated into 13’’ to 16’’, 17’’ to 21’’, and 21’’& above. The 13’’ to 16’’ segment holds a prominent share of the market owing to its application in passenger vehicles and compact SUVs (sports utility vehicles). The segment is projected to retain its dominant position in the market during the forecast period.

Based on sales channel, the automotive alloy wheel market can be segregated into original equipment manufacturers (OEMs) and aftermarket. The OEMs segment dominated the market due to higher production of vehicles, leading to direct incorporation of alloy wheels. Technological advancements by major OEMs to develop highly corrosion- and strain-resistant alloy wheels is a key factor restraining the aftermarket segment. Therefore, the OEMs segment is likely to dominate the market during the forecast period.

In terms of vehicle type, the automotive alloy wheel market can be classified into passenger vehicle and commercial vehicle. Passenger vehicle is the leading segment of the automotive alloy wheel market owing to higher production of these vehicles, as compared to commercial vehicles. Increasing emphasis on external appearance of the vehicle by end-users has led to a rise in adoption of alloy wheels in passenger vehicles.

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In terms of geography, the global automotive alloy wheel market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to hold a prominent share of the market between 2018 and 2026, owing to the higher production of vehicles in the region. Higher rate of adoption of automotive alloy wheels in the region is due to the benefits offer by alloy wheels such as enhanced fuel economy and easy vehicle acceleration. Ease in availability of resources at a lower cost and rising government provision for industrialization in the region, especially in China, Japan, and India are likely to boost the automotive alloy wheel market in Asia Pacific during the forecast period.

Prominent manufacturers operating in the global automotive alloy wheel market include MHT Luxury Wheels, Euromax Wheel, BORBET GmbH, Maxion Wheels, Enkei, Status Wheels, Ronal Group, UNIWHEELS – United Wheels Group, Wheelpros LLC., ARCONIC, CITIC Dicastal Wheel Manufacturing Co., Foshan Nanhai Zhongnan Aluminium Wheel Co.,Ltd., BBS GmbH, Superior Industries International, Inc., and Fuel Off-Road Wheels.

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for Internet of Things testing mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology. A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e

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