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Alloy Wheels Aftermarket Market Growing at 2.93% CAGR to 2020

Tuesday, October 25, 2016 21:40
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ReportsnReports.com adds a new research report Global Alloy Wheels Aftermarket Market 2016-2020. The report, Global Alloy Wheels Aftermarket 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

This analyst forecast the global alloy wheels aftermarket to grow at a CAGR of 2.93% during the period 2016-2020.

Complete report available @ http://www.reportsnreports.com/reports/709656-global-alloy-wheels-aftermarket-2016-2020.html

The use of alloy wheels reduces the unsprung weight and helps in better handling of vehicles. Alloy wheels are light and provide easy acceleration to the cars, leading to better mileage and fuel economy. In the automotive industry wheels made of steel is, therefore, gradually getting replaced by alloy wheels. Alloy wheels are wheels made of alloys of aluminum and magnesium. The increasing use of alloy wheels in the automotive industry is due to several benefits of alloy wheels over the conventional steel wheels.

This report covers the present scenario and the growth prospects of the global alloy wheels aftermarket for 2016-2020. To calculate the market size, the report considers the bottom-up approach where the number of vehicles not having OEM fitted alloy wheels.

For More Information Inquire at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=709656

Key vendors

Enkei Wheels
Ronal Wheels
Momo Wheels
Uniwheels
BBS Wheels

Other prominent vendors

Konig wheels
Lenso Wheels
MSW wheels
Rota Wheels

Market driver

Growing predisposition among millennials for external styling
For a full, detailed list, view our report

Market challenge

Inconsistent quality of aftermarket products and services
For a full, detailed list, view our report

Market trend

Increase in personalization of vehicles
For a full, detailed list, view our report

Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=709656

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