The South Africa automotive trailer wheel rims market was valued at US$ 191.7 million in 2017 and is projected to reach US$ 324.2 million by 2026, exhibiting a CAGR of 6.1% over the forecast period, according to 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).
Wheel rims are the skeleton structure of the wheels, which are one of the prime components among any wheel module. Automotive trailer wheel rims are larger in size, as they are made to bear high loads, which are required by the transportation sector. Growing road transport sector is resulting in increasing demand for trailers and heavy vehicles such as refrigerated trailers, tankers, and trucks, which is in turn expected to drive growth of the South Africa automotive trailer wheel rims market in the near future. Moreover, increasing investments in the transportation and logistics sector and increasing heavy vehicle production in the country is also driving growth of the South Africa automotive trailer wheel rims market.
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Browse 15 market data tables* and 30 figures* on "Automotive Trailer Wheel Rims” – South Africa forecast to 2026.
Key Trends and Takeaways of the South Africa Automotive Trailer Wheel Rims Market:
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