South Africa Automotive Trailer Wheel Rims Market Report, by Product Type (Tubeless and Tube-type), by Size (<18 Inches, 18-20 Inches, and >20 Inches), by Material Type (Steel and Alloy), and by Distribution Channel (OEMs and Aftermarket) – Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Apr 2019 |
  • Pages : 150 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

South Africa Automotive Trailer Wheel Rims Market - Insights

Wheel rims are the skeleton structure located at the middle of a tire module designed to support the wheel in different conditions and also to support the tire alignment when the vehicles are moving. Trailer wheel rims are specifically designed to bear large amount of load for transportation purposes.

South Africa automotive trailer wheel rims market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing heavy vehicle production and growth of road transportation sector in the country, which is increasing demand for wheel rims for heavy vehicles. Furthermore, as per Coherent Market Insights’ analysis, growth of the automotive trailer wheel rims market is also propelled by the automotive industry growth. For instance, the government of South Africa has planned to increase the automobile production (includes automotive components, medium and heavy vehicles) to 1.2 million vehicles per year by 2020.

Figure 1. South Africa Automotive Trailer Wheel Rims Market Share (%), by Material (2017)

Source: Coherent Market Insights, 2017-18

Steel segment is expected to be the largest segment in South Africa automotive trailer wheel rims market during the forecast period, owing to its high strength properties during harsh environments such as mining, industrial, and construction sites. The steel wheel rims are processed through multiple processes while manufacturing, which includes the following processes:

  • Feeding and Rim Bank Coiling
  • Flattening and Butt Welding
  • Trimming, Planishing, and End Cutting
  • Flaring
  • Roll Forming
  • Edge Flanging and Expanding
  • Gas Tightness Testing and Valve Hole Punching
  • Pressing Disc into Rim and Welding

After going through all these processes, the wheel rims are tested on multiple levels to check its durability and strength during working conditions. Some of the testing of wheel rims include fatigue testing (radial and cornering), weld penetration testing, and corrosion test.

Steel wheel rims are 70-80% cost-effective than alloy wheels, which makes it a best fit to keep a second set in the case of replacement due to heavy damage. Furthermore, steel wheels rims are generally heavier in weight when compared to alloy wheel rims, so if a steel wheel rims is put up on a vehicle that had alloy wheels-based suspension system, it lowers the speed of the vehicle and acts as a bulldozer or a tank.

South Africa Automotive Industry Trends:

Due to increasing developments in South Africa’s automotive industry, many automotive players are providing innovative products and solutions to meet the market needs in such a competitive market. For instance, in March 2014, Alcoa, the subsidiary of Arconic, introduced the world’s lightest heavy-duty truck wheels, which aids in reducing the overall weight of the vehicle. These wheels are 47% lighter than steel wheels of the same size.

Moreover, the production of commercial vehicles is projected to increase continuously, which will create investment opportunities for the investors. For instance, according to International Organization of Motor Vehicle Manufacturers, South Africa produced 25,162 commercial vehicles in 2017, which increased to 27,493 in 2018.

Figure 2. South Africa Automotive Trailer Wheel Rims Market Share (%), by Distribution Channel (2017)

 

According to Coherent Market Insights’ analysis, OEMs segment was the most dominant segment in 2017 and it is projected to be the fastest growing segment during the forecast period. This is owing to increasing heavy commercial vehicle production in South Africa and projected production plan of the government of the country.

Some of the key players operating in the South Africa automotive trailer wheel rims market include Arconic, BORBET GmbH, Burquip, Enkei, Globalwheels, JBH Wheels, MAXION Wheels, Stamford Sport Wheels, Titan International Inc., and TSW Alloy Wheels.

South Africa automotive trailer wheel rims market is expected to generate an absolute dollar opportunity of US$ 2.3 Bn during the forecast period of 2018-2026. This is owing to increasing heavy vehicle production in the country, which was 25,162 in 2017 and reached 27,493 in 2018, according to International Organization for Motor Vehicle Manufacturers. Moreover, the government of South Africa has planned to increase the production of automotive components, medium and heavy commercial vehicle production to 1.2 billion units per year by 2020, according to Coherent Market Insights’ analysis.

Market Dynamics

Trailer wheel rims is expected to witness significant adoption in the road transport & logistics applications during the forecast period. In South Africa, road transportation sector is considered as the backbone of the country’s economy. Moreover, increasing demand for heavy vehicles in transportation and logistics sector of the country is propelling demand for heavy vehicle production and thus, increasing the demand for automotive trailer wheel rims in South Africa. In addition, the demand for alloy wheel rims is becoming a trend, owing to its light weight and fuel efficient properties, and also its attractive physical appearance through its design.

Key features of the study:

  • This report provides in-depth analysis of South Africa automotive trailer wheel  rims market size (US$ Mn) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the South Africa automotive trailer wheel rims market based on the following parameters – company overview, financial performance, product portfolio, trailer wheel rims market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Arconic, BORBET GmbH, Burquip, Enkei, Globalwheels, JBH Wheels, MAXION Wheels, Stamford Sport Wheels, Titan International Inc., and TSW Alloy Wheels
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The South Africa automotive trailer wheel rims market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the South Africa automotive trailer wheel rims market

Detailed Segmentation:

  • South Africa Automotive Trailer Wheel Rims Market, By Product Type:
    • Tubeless
    • Tube-type
  • South Africa Automotive Trailer Wheel Rims Market, By Size:
    • <18 Inches
    • 18-20 Inches
    • >20 Inches
  • South Africa Automotive Trailer Wheel Rims Market, By Material Type:
    • Steel
    • Alloy
  • South Africa Automotive Trailer Wheel Rims Market, By Distribution Channel:
    • OEMs
    • Aftermarket
  • Company Profiles
    • Arconic*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • BORBET GmbH
    • Burquip
    • Enkei
    • Globalwheels
    • JBH Wheels
    • MAXION Wheels
    • Stamford Sport Wheels (SSW)
    • Titan International, Inc.
    • TSW Alloy Wheels

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Size
      • Market Snippet, By Material Type
      • Market Snippet, By Distribution Channel
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Key Trend
      • Mergers and Acquisitions
      • New Product Launch/Approvals
      • Porter’s Analysis
      • PEST Analysis
  4. South Africa Automotive Trailer Wheel Rims Market, By Product Type, 2017-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Tubeless
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
    • Tube-type
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
  5. South Africa Automotive Trailer Wheel Rims Market, By Size, 2017-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • <18 Inches
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
    • 18-20 Inches
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
    • >20 Inches
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
  6. South Africa Automotive Trailer Wheel Rims Market, By Material Type, 2017-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Steel
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
    • Alloy
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
  7. South Africa Automotive Trailer Wheel Rims Market, By Distribution Channel, 2017-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • OEMs
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2017–2026, (US$ Million)
  8. Competitive Landscape
    • Company Profiles
      • Arconic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BORBET GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Burquip
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Enkei
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Globalwheels
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JBH Wheels
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Maxion Wheels
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Stamford Sport Wheels
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Titan International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TSW Alloy Wheels
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 15 market data tables and 30 figures on "Automotive Trailer Wheel Rims – South Africa forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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