Dallas, TX -- (ReleaseWire) -- 02/24/2014 -- At present, China’s aluminum wheel market is mainly concentrated in the Shanghai Volkswagen, FAW-Volkswagen, Dongfeng Motor, Guangzhou Honda and Changan automobile; OEM market is the main body. China’s automobile installed with aluminum wheel include limousine (more than 75% of installation ratio), mini bus (60% installation ratio), light bus (40% installation ratio in large vans and off-road vehicles), in small van (20% installation ratio). In terms of automotive type, medium and high-end limousine, micro-van, pickup truck, medium-sized van, and jeep have been installed with aluminum wheel.
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In terms of product production, the outputs of China’s automotive aluminum wheels were 79.83 million, 81.61 million, 111.41 million, 119.64 million, 126.97 million and 148.29 million units respectively from 2008 to 2013, year-on-year growth of 2.23%, 36.52%, 7.39%, 6.13% and 16.79% respectively compared to the previous year. Due to the impact of the international financial crisis, the global automobile production fell sharply in 2008; the China’s aluminum wheel production also significantly decreased in the same period. After the international financial crisis, the China’s aluminum wheel production rebounded sharply in 2009. As of 2013, the output of Chinese automotive aluminum wheels reached 148.29 million units, far exceeding the output before financial crisis.
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Seen from the domestic aluminum wheel output trend, based on aluminum wheel superior characteristics and global automobile ownership increasing, China’s aluminum wheel output will keep the rising trend in the future. Huidian Research predicts that automotive aluminum wheel industry will grow at the rate of about 10% in China. It is predicted that the supply volume of automotive aluminum wheels will stand at 163.12 million units and the number will be 238.82 million units by 2018.
Key Enterprises in Automotive Aluminum Wheel Industry
1 CITIC Dicastal Co. Ltd.
2 Zhejiang Wanfeng Auto Wheel Co., Ltd.
2.1 Company Profile
3 Ningbo BAODY AUTOPARTS Co., Ltd.
4 Zhejiang Yueling Co., Ltd.
5 Baoding Lizhong Wheel Co., Ltd.
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