DALLAS, April 2, 2015 /PRNewswire/ --
RnRMarketResearch.com adds Global and China Automotive Wheel Industry Report, 2014-2015 market research of 95 pages, published in Apr 2015, to the Parts Supplier intelligence collection of its store.
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. 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.
Ronal, the second largest wheel maker in Europe, invested and built a new factory in Mexico in Nov 2014, which has a designed annual capacity of 2 million wheels, plans to hire 500 employees, and goes into production in the first quarter of 2016. Uniwheel, the third largest wheel company in Europe, decided to build a third factory in Poland in the second half of 2015, with designed capacity of 2 million wheels per year and expected to go into operation at the end of 2017.
Order a copy of this report (Global and China Automotive Wheel Industry Report, 2014-2015) at http://www.rnrmarketresearch.com/contacts/purchase?rname=337557 .
Aluminum Wheel Companies
CITIC Dicastal, Lizhong Wheel, Zhejiang Jinfei Machinery Group, SMX Dicastal Wheel Manufacturing, Lioho Machine Works, Sheng Wang Auto Parts, Zhejiang Wanfeng Auto Wheel, Darewheel, P&W Group, Shanghai Fervent Alloy Wheel Mfg. Co., Ltd., Donlinks Group Ltd., Alcoa, Iochpe-Maxion, ENKEI, Chuo Seiki, Asahi Tec, Accuride, Surperior Industries International, Borbet, UNIWHEEL, RONAL, YHI , TOPY, KWC, Qingdao Donghwa Casting (Hands), Taishan Int'l Traffic Equipment Fittings Co., Ltd., Shanghai Mingqi Aluminium Industry, Lianyungang Qichuang Aluminum Products, Yueling, Kosei Aluminum, SuperAlloy Industrial Co., Ltd., Ningbo Baody Autoparts
Steel Wheel Companies
Dongfeng Automotive Wheel, Zhengxing Wheel, Changchun Faway Automobile Components, Shandong Xingmin Wheel, Jingu Wheel
In 2014, China's primary aluminum price is still facing great pressure, but the decline rate is lower than that in 2013. On the international market, the primary aluminum price stops falling to show a stable trend.
China aluminum wheel industry performs stably. Although there are many aluminum wheel investment projects, most of them do not go into operation actually after loans are offered; therefore, the expected aluminum wheel overcapacity does not occur. In China aluminum wheel industry, large enterprises target the OEM market while SMEs focus on the AM market.
As the global leading position is strengthened, CITIC Dicastal continues to expand its market share in the conservative Japanese supply chain system with strong competitive advantages. Impact by CITIC Dicastal, the revenue of GAC CHUO SEIKI Component, a major supplier of GAC Toyota, dropped from RMB1.252 billion in 2012 to RMB603 million in 2013. CITIC Dicastal added Ningbo base to seize more market share. Lizhong Wheel also performed well in 2013, it surpassed Wanfeng Auto Wheel to become China's second largest maker of automotive aluminum wheels, and it has opened up the Thailand OEM market with huge development potentials.
Complete report (Global and China Automotive Wheel Industry Report, 2013-2014) is available at http://www.rnrmarketresearch.com/global-and-china-automotive-wheel-industry-report-2013-2014-market-report.html .
SMEs still keep an eye on the AM export market, and about 110 ones of them rely on export. Top 30 SMEs realize the average export value of USD30-50 million, and mainly export products to the United States, Russia, Europe and the Middle East.
Except CITIC Dicastal, Chinese aluminum wheel enterprises still highlight the field of low-end products, for example, Lizhong Wheel offers the average unit price of about USD36 and CITIC Dicastal USD55, lower than USD66 offered by the U.S. Surperior Industries International and ALCOA's over USD100.
In the field of steel wheels, the upstream raw material prices remain stable while the aluminum price keeps descending, which weakens the advantages of low-cost steel wheels; therefore, steel wheel makers have to sacrifice gross margin to stabilize customers. Under this context, China's largest steel wheel maker -- Zhengxing Wheel saw its gross margin dip from 25.2% in 2012 to 20.8 % in 2013. Meanwhile, the sluggish Chinese commercial vehicle market restricts the development of steel wheels, so small companies gradually suspend or reduce production, which leads to a higher market concentration degree.
Browse more reports on "Parts Supplier" at http://www.rnrmarketresearch.com/reports/automotive-transportation/automotive/parts-supplier .
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