Submitted by: Submitted by nirav2591
Views: 40
Words: 457
Pages: 2
Category: Business and Industry
Date Submitted: 04/02/2015 10:58 PM
ResearchMoz.us include new market research report " Global and China Automotive Wheel Industry Report, 2014-2015: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
In 2014, automotive wheel industry remained stable, but the market became increasingly divided, with low-cost cars adopting ever-cheaper steel wheels and premium models employing higher-priced aluminum wheels. North America and Europe performed excellently. Although with the highest growth in car sales globally, China found a declined installation rate of aluminum wheel, as more low-end auto models appeared on the market and carmakers tried to cut costs.
View report details with TOC at: http://www.researchmoz.us/global-and-china-automotive-wheel-industry-report-2014-2015-report.html
Huge downward pressure on the Chinese economy caused decline in commercial vehicle sales, thus sharply slashing revenue and profits of companies of steel wheel for commercial vehicles.
The big players grow even bigger. During 2011-2013, these industry giants, fearing of overcapacity, rarely expanded their capacities. As time has shown, small players have no access to OEM market at all, while AM stagnates. From 2014, big companies started to feel a shortage of capacity and then expanded production aggressively.
The first mover CITIC Dicastal, the largest wheel maker in China, invested USD140 million in Dec. 2014 to build a production base with annual capacity of 3 million wheels in Greenville, Michigan. Following, the conservative Japanese player, Chuo Seiki, is expected to put its new North American base with investment of USD20 million into operation in Aug 2015.
Request a FREE copy of a REPORT SAMPLE at: http://www.researchmoz.com/enquiry.php?type=sample&repid=258315
Browse More reports related to Automotive Industry at: http://www.researchmoz.us/automotive-market.htm
Ronal, the second largest wheel maker in Europe, invested and built a new...