Automotive Wheel Selection- Comprehensive Analysis of Steel & Alloy Wheel Variants

For every automobile owner, the performance and safety of their vehicle tends to be the foremost priority. Wheels are the primary motion tool for an automobile, and their potency needs to be checked time and again. Selection of the right wheel is extremely important and you must always consult vehicle experts if you are planning to swap for a new set.

Presently, the automotive metal wheel market is dominated by two varieties: alloy wheels and steel wheels. Each of these material type hold its advantages and disadvantages, thereby, differentiating in terms of performance and price. Let us try to understand both the benefits and drawbacks for the two automobile metal wheel variants for better insight.

Alloy Wheels: Advantages & Disadvantages

People looking for wheels with a blend of style and performance, they should surely check out alloy wheels without any hesitation. These metal wheel variants are more appealing as compared to any steel wheel design, and are known to perform better.

Another prime benefit of alloy wheels is the large catalogue of wheel designs to select from. In addition, the level of customization options linked to alloy wheels is more progressive in comparison to their steel counterparts.

In terms of fuel economy, alloy wheels prove advantageous, especially when driven in the city. Since this metal wheel type has a lighter frame, it puts reduced strain on the vehicle’s suspension; hence, supporting faster acceleration.

On the other hand, the prime disadvantage of alloy wheels is linked to its durability. When the wheel gets compressed by the road, the alloy wheels have a tendency to bend and can even crack more easily unlike steel wheels. Furthermore, the appealing looks of alloy wheels is also vulnerable since they are highly prone to cosmetic damage.

Steel Wheels: Advantages & Disadvantages

Vehicle owners searching for a cheaper and durable alternative, nothing better than steel wheels can fulfill this need. Steel wheels are considerably stronger as compared to alloy wheels, which makes them an ideal choice to be used in winters and for powerful vehicles.

Talking about steel wheels, durability proves as a major advantage unlike alloy wheels. There is no way that a steel wheel would develop a crack, and chances of bending are meagre since it requires tremendous force.

Focusing on the disadvantages, steel wheels provide lesser compatibility with vehicles which are not designed for them. Experts do not recommend the use of steel wheels on an automobile which was made for use specifically for alloy wheels. Furthermore, steel wheels hold size limitations as most of them are designed for 16″ size rims or less.

High Potential Lightweight Composites to Mark Dominance over Other Material Types

A recent publication by Fact.MR on the global automotive engine cover market has been titled, “Automotive Engine Cover Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2017 to 2022.” This report analyzes the global market for automotive engine cover during the said timeline and offers unique yet most actionable insights on the performance of the automotive engine cover market through 2022. Backed with expert secondary and primary market research, the automotive engine cover market report entails important data and forecast of the
automotive engine cover market.

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In the wake of growing stewardship pertaining light weight vehicles and engines, automakers globally are increasingly employing plastics as the base building component. Polyamides therefore have attained mega scale adoption for most car components under the bonnet such as engine covers. Polyamide 6 and 66 are the core polyamide polymers adopted. However, to reduce carbon footprint and growing burden of environmental pollution, manufacturers tend to adopt renewable materials for building high performance engine covers with improved functional as well as aesthetic capabilities. Polyurethane based foam engine covers have also surfaced as potential materials to build lightweight engine covers which demonstrate exceptional thermal and sound absorption capabilities. Factors as such are attributed to render superlative growth potential to automotive engine cover market globally.

Segmentation Analysis of Global Automotive Engine Cover Market

The report categorizes the global automotive engine cover market into various segments based on the key attributes that have been considered during the market research study. These chapters throw light on comparison of the yearly growth patterns, revenue, and market share on the basis of
four key segments of the automotive engine cover market, viz. material type (composites, metals, thermoplastics, others), sales channel (OEMs, aftermarket), vehicle type (compact PCs, mid-sized PCs, luxury PCs, premium PCs, LCVs, HCVs), and technology type (injection molding, casting,
others).

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Automotive Engine Cover Market: Overview

The automotive engine cover market has been analyzed in detail to offer definitive forecast insights on the market for the period 2017-2022. This report is an exhaustive compilation of a detailed overview of automotive engine cover market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

Highlights on Global Automotive Engine Cover Market

• Europe is the most attractive region and it is expected from this region to retain its dominance during the period of 2017 to 2022. Asia Pacific excluding Japan (APEJ) is showing tremendous potential and a significant growth rate to register a CAGR of 3.6% and could come close to Europe in terms of market share by revenue during the year 2022


• Other segment by material type enjoys a large market share of 32.3% and grows at a steady rate. On the other hand, the thermoplastics segment is posed to grow at a higher rate during the period of forecast. The composites segment grows at a slow pace and is second in terms of market share

Automotive Engine Cover Market: Competition Landscape

The global automotive engine cover market report offers thorough profiling of leading players in the global automotive engine cover marketplace, some of which include E. I. du Pont de Nemours and Co., POLYTEC Holding AG, MAHLE GmbH, The Mondragón Cooperative Corporation (MCC), Miniature Precision Components Inc., Montaplast GmbH, Toyoda Gosei Co., Ltd., Rochling Group, and DSM.

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Automotive Curtain Airbag Market: Sales Projected to remain high through the OEM

The automotive curtain airbags market has been analyzed in detail to offer definitive forecast insights on the market for the period 2017-22. This report is an exhaustive compilation of a detailed overview of automotive curtain airbags market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

Adequate safety precautions for car occupants continues to evoke requisite government initiatives to ensure optimal safety. Besides head on or frontal collisions, side collisions pose greater threat to car occupants, with heightened chances of head injuries. Adoption of automotive curtain airbag therefore occupies center stage to avert fatalities associated with head injuries at the sight of side collisions. Besides side airbags, rear automotive airbags also remain significant in averting side window glass injuries.

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Considering the broad scope of global automotive curtain airbag market, the report includes a segment-wise analysis and forecast. The global automotive curtain airbag market is segmented into – coating type, yarn type, sales type, vehicle type, and region. Through this section, the report offers an in-depth country-wise forecast on every parameter associated with automotive curtain airbag.

Increasing demand for curtain airbags that are strong and resistant to ozone, oil, chemicals, and heat has led the manufacturers to coat airbags with neoprene. Sales of neoprene airbags is likely to remain high as compared to the other types of coating in the global market. Currently, the neoprene coat type segment is projected to represent around US$ 50 Mn by 2022-end.

Nylon is projected to represent a significant revenue growth as compared to other yarns available in the global market. The nylon yarn type segment is projected to represent more than US$ 40 Mn in the global market by 2017-end. The nylon segment is projected to reflect a relatively high CAGR in the global market of automotive curtain airbag through 2022.

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OEM to Represent a Leading Segment

Surge in demand for airbags that are resistant to oil, heat, ozone, and chemicals has led automotive curtain airbags market players to prefer neoprene for coating the airbags. Neoprene coated automotive curtain airbags are expected to witness the highest revenue growth in the global market. The neoprene coated segment is expected to represent a value of nearly US$ 50 Mn by the end of 2022. However, the silicone coating segment is expected to register the highest CAGR in the automotive curtain airbags market throughout 2022.

Automotive Curtain Airbags Market: Competition Landscape

Leading market players operating in the automotive curtain airbags market include Autoliv, Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., and Delphi Automotive PLC.

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Vehicle Customization Trending in Developing Regions Uplifting Revenue Sales in Aftermarket

A new research intelligence presented by Fact.MR, titled “Automotive Chrome Accessories Market Forecast, Trend Analysis, and Competition  Tracking – Global Review 2017-2022” is an exhaustive analysis of the global market for automotive chrome accessories over the five-year examination period. The report covers extensive evaluation of the global automotive chrome accessories market through 2022, considering the historic and current performance of the market on the basis of various factors influencing the growth of automotive chrome accessories market.

Owing to breakthrough possibilities in car ownership across emerging economies in Asiatic countries, the automotive chrome accessories market is witnessing superlative advances, augmenting fierce competition. The competitive landscape is highly dissimilar with several counterfeit entities diluting product portfolio with cheaper alternatives. This is likely to significantly cut short growth course. Additionally, stringent laws restricting exterior alterations are also accounted to slay growth considerably.

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Besides aesthetic appeal, car chromes are also amply adopted to render superlative abrasion and weather resistance. Additionally, superlative distribution network comprising the aftermarket is slated to harbor maximum opportunities. The trend is expected to be supplemented by burgeoning scope in online sales channels. Growing number of online buyers is estimated to keep the automotive chrome accessories aftermarket agile in forthcoming years. Amongst major regional hubs, Europe is expected to sustain its reigning precedence, backed by enormous design innovations as well as prospects for online retail.

As indicated by the global automotive chrome accessories market report by Fact.MR, automotive chrome accessories will remain a preferred choice for plating among passenger vehicle manufacturers over the forecast period. Although the growth of automotive chrome accessories sale is poised to not exceed the CAGR 2.5% over 2017-2022 in premium as well as med-sized passenger cars (PCs), it is anticipated that compact and luxury PCs will demonstrate relatively higher CAGR values of over 3% through 2022. Product type assessment concludes that body side mouldings, door handle covers, and grille covers will remain the top selling automotive chrome accessories in the market towards 2022 end. Door handle cover sales are poised to witness relatively faster expansion at a CAGR of over 3.5% during 2017-2022.

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About the Report: Automotive Chrome Accessories Market

Although door handles, automotive body mouldings, tail light covers, and fuel doors are among the most purchased chrome-plated automotive chrome accessories globally, a recent study predicts that the global automotive chrome accessories market will encounter passive growth prospects over the next five years. During 2017-2022, the approximately US$ 8 Bn automotive chrome accessories market will barely exceed US$ 9.5 Bn by 2022 end. The report provides an extensive analysis of the current and futuristic scenario of automotive chrome accessories market over the given period.

Automotive Chrome Accessories Market: Competition Landscape

The report on global automotive chrome accessories market tracks some of the prominent players participating in the competitive landscape of automotive chrome accessories market. HELLA KGaA Hueck & Co, Oakmore Pty Ltd, Thule Group AB, Covercraft Industries, LLC, Lund International, Inc., Pep Boys - Manny, O'Reilly Automotive, Inc., Moe & Jack, U.S. Auto Parts Network, Inc., Fratelli Menabo' Srl, and Mont Blanc Industri AB are some of the companies that have been assessed in terms of their profiles, financial status, key offerings, developmental strategies, and value shares in the automotive chrome accessories market.

The report allows readers to maneuver competitive and tactical business strategies based on aforementioned insights and ensure sustained revenue pools in automotive chrome accessories market.

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Wheel Tire Service Equipment Market: APEJ Observed as the Largest Marketplace

According to Fact.MR’s newly published report, the global market for wheel and tire service equipment market is expected to record an average 4.0% CAGR, in terms of value, between the period 2017 and 2026. More than 1,600 thousand units of wheel and tire service equipment are pegged to be sold around the world by 2026-end.

Improved functional and durability of modern automotive which demonstrate improved longevity of vehicles are poised to drive growth in wheel and tire service equipment market. Wheel and tire services remain core areas in automotive garage equipment space. Improved durability of vehicles leverages routine maintenance programs of automotive components and parts such as wheels and tires, to ensure seamless functionality.

With the advent of high-end vehicles, need for sophisticated technology such as sensor oriented applications to predict and determine servicing needs have emerged as superlative value additions which are projected to entail thriving growth in wheel tire service equipment market. Manufacturers are offering high-end, tire changing and balancing equipment with enhanced capabilities to handle high performance tires.

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Hefty wheel and tire pairs further propel additional features such as sonar driven platforms for routine inspection and quality assurance. The feature is highly compatible with modern needs of predictive maintenance in automotive. Additionally, sophisticated imaging technologies such as 3D imaging aids in rendering balanced diagnostics with the aid of three dimensional image of wheel assembly thereby enabling superlative maintenance. Factors as such are pegged to clock massive demand upsurge, allowing the wheel and tire service equipment market to register concomitant growth.

On the back of fast expanding automotive industry, the APEJ region is likely to retain its dominance as most lucrative regional market. Additionally, under-developed road infrastructure pose greater threat to vehicle durability and functionality, thereby expediting frequent maintenance. These aforementioned factors offer ample stimulus for astral growth in wheel and tire service equipment market.

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Wheel and Tire Service Equipment Market: Overview

The wheel and tire service equipment market has been analyzed in detail to offer definitive forecast insights on the market for the period 2017-26. This report is an exhaustive compilation of a detailed overview of wheel and tire service equipment market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion. To aid readers’ understanding the report is systematically classified into detailed chapters. In its trailing sections the report also includes a detailed chapter on segmental analysis of wheel and tire service equipment market to offer veritable insights on segments’ historical and future growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors. Asia-Pacific excluding Japan (APEJ) has been observed as the largest marketplace in the global wheel and tire service equipment landscape. High presence of automakers in APEJ countries such as China, India and South Korea, coupled with favorable industrial regulations and availability of low-wage labor, will continue to drive the growth of wheel and tire service equipment market in the APEJ region through 2026. By the end of forecast period, nearly 650 thousand units of wheel and tire service equipment will be sold across the APEJ region.

Wheel and Tire Service Equipment Market: Competition Landscape

This section of the report offers a detailed section on key contributors in wheel and tire service equipment market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.

Imperative assets of market players include brand image and penetration through state-of-the-art equipment. In addition, wheel and tire service equipment manufacturers are infusing relatively lower cost products for attracting smaller, price-sensitive garages. Key players identified by Fact.MR’s report include Arex Test Systems B.V., Robert Bosch GmbH, Aro Equipments Pvt. Ltd, Istobal S.A., Vehicle Service Group, Symach SRL, VisiCon Automatisierungstechnik GmbH, Snap-on Incorporated, Sarveshwari Technologies Limited (SARV), and Guangzhou Jingjia Auto Equipment Co., Ltd.

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