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Europe Industry Analysis on Automotive Steel Wheels – Top Key Vendors, Trend, Segmentation, Drivers, Challenges July 16, 2021
By Zaraki Kenpachi -
Automotive Steel Wheels Market: Introduction According to the report, the global automotive steel wheels market is projected to reach ~US$ 13.4 Bn by 2027, expanding at a CAGR of ~3% during the forecast period. The can be attributed to the increase in production of heavy commercial vehicles and rise in usage of vehicle on o몭-road conditions. Moreover, expansion of automotive steel wheels market can be ascribed to the rise in urbanization in conjunction with increased construction, road infrastructure developments, and mining activities. Furthermore, an increase in the demand for mobility and transport is projected to boost the sale of passenger and commercial vehicles, which is likely to propel the market. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=S&rep_id=29906 Expansion of Automotive Steel Wheels Market Demand for steel wheels is rising, as they are more a몭ordable than their counterpart, i.e. alloy wheels. A steel wheel does not crack under intense loading or while driven on rough terrain. Furthermore, a dent or deformation of the steel wheel can be easily recti몭ed by hammering the material. This makes the steel wheel highly suitable for driving on rugged or uneven terrain. Therefore, steel wheels are majorly adopted in