Alloy Wheels Aftermarket Market | 73% Market Growth to Originate From APAC | Technavio
According to the latest report published by Technavio, the alloy wheels aftermarket market size is poised to grow by USD 110.14 million during 2020-2024, progressing at a CAGR of almost 1% during the forecast period.
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Technavio has announced its latest market research report titled Global Alloy Wheels Aftermarket 2020-2024 (Graphic: Business Wire)
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment facing direct and indirect COVID-19 impact.
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Market Competitive Analysis:
The market is concentrated with only a few alloy wheel aftermarket companies operating in the market. ALCAR HOLDING GmbH, BORBET GmbH, and Enkei Corp. are some of the major market participants.
- Although the aging vehicle fleet will offer immense growth opportunities, the increase in OEM fitment will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
- To help clients improve their market position, this alloy wheels aftermarket market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies.
- The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this alloy wheels aftermarket market analysis report also provides information on …