The global automotive metal wheel market industry analysis by Fact.MR reveals that the market is expected to be valued at US$ 45.2 Billion in 2022, and is likely to reach US$ 79.91 Billion by 2032, registering a CAGR of 5.9% during the forecast period (2022-2032).
Automotive metal wheel is a component that rotates and transmits the drive of the axle to the road. It also provides a means to affix the tires. The automotive wheel is made up of a rim, spoke, and hub. The demand for automotive metal wheels is high in cold countries, owing to their ability to provide traction, dampen acceleration, and minimize the possibility of skidding. Steel metal wheels contract less in cold temperatures and hence, do not face inconsistent loss of tire pressure.
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