Report Feature
The material technologies in automotive spare wheel recess have undergone significant change in recent years, with steel, aluminum, and glass-mat-reinforced thermoplastics (GMT) to polyamide 6. The rising wave of new material technology, such as polyamide 6 is creating significant potential for automotive spare wheel recess in various vehicle platforms due to stiffness of the recess, and storage of the spare tire.
Spare wheel recess suppliers are using various material technologies, such as steel, aluminum, GMT (glass-mat-reinforced thermoplastics), and highly reinforced polyamide 6, to make different type of spare wheel recess products. High demand for replacement tires, increasing demand for passenger car and commercial vehicles, increasing research and technological developments, rising demand for energy efficient and high quality tires, and reduction in rubber are creating opportunities for various automotive spare wheel recess technologies.
Some of the latest technological developments by various countries in the automotive spare wheel recess market are as follows:
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive spare wheel recess technology by material technology, application, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Material Technology [$M shipment analysis from 2013 to 2024]:
Latest Developments and Innovations in the Automotive Spare Wheel Recess Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the automotive spare wheel recess companies profiled in this report include Iochpe-Maxion, Superior Industries International, Accuride Corporation, Steel Strips Wheels, Hitachi Metals, Enkei, Citic Dicastal, Zhejiang Wanfeng Auto Wheel, Borbet, Mangels Industrial, and Mefro Wheels Industries.
Below are the latest technological developments from top companies in the automotive spare wheel recess market:
Q.1 What are some of the most promising and high-growth technology opportunities for the automotive spare wheel recess market?
Q.2 Which technology segment/segments will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive spare wheel recess market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in automotive spare wheel recess market?
Q.6 What are the latest developments in automotive spare wheel recess technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this automotive spare wheel recess market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this automotive spare wheel recess technology space?
Spare wheel recess suppliers are using various material technologies, such as steel, aluminum, GMT (glass-mat-reinforced thermoplastics), and highly reinforced polyamide 6, to make different type of spare wheel recess products. High demand for replacement tires, increasing demand for passenger car and commercial vehicles, increasing research and technological developments, rising demand for energy efficient and high quality tires, and reduction in rubber are creating opportunities for various automotive spare wheel recess technologies.
Some of the latest technological developments by various countries in the automotive spare wheel recess market are as follows:
- Germany: In line with their focus on lightweight materials, several German carmakers including BMW and Daimler have announced targets to increase the use of GMT (glass-mat-reinforced thermoplastics) in spare wheel recesses. This shift from traditional steel is driven by the need for improved fuel efficiency and overall vehicle weight reduction. BASF, a leading German chemical company, recently announced the development of a new, even lighter weight GMT composite specifically designed for spare wheel recess applications.
- Japan: Japanese manufacturers like Toyota and Honda are actively exploring the use of highly reinforced polyamide 6 (HR PA6) for spare wheel recesses. This material offers a good balance of strength, weight savings, and corrosion resistance compared to steel. Teijin, a major Japanese supplier of engineering plastics, showcased a new HR PA6 grade with enhanced impact resistance specifically targeting the automotive spare wheel recess market.
- United States: Steel remains the dominant material in the US spare wheel recess market due to its cost-effectiveness. However, there's a growing trend towards aluminum for the high-end vehicles. US Steel Corporation recently announced investments in modernizing its production facilities to create lighter and more corrosion-resistant high-strength steel (HSS) grades suitable for spare wheel recesses. This could potentially challenge aluminum's dominance in the US market.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive spare wheel recess technology by material technology, application, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Material Technology [$M shipment analysis from 2013 to 2024]:
- Steel
- Aluminum
- GMT (glass-mat-reinforced thermoplastics)
- Highly reinforced polyamide 6
-
Passenger Vehicles
- Steel
- Aluminum
- GMT (glass-mat-reinforced thermoplastics)
- Highly reinforced polyamide 6
-
Light Commercial Vehicles
- Steel
- Aluminum
- GMT (glass-mat-reinforced thermoplastics)
- Highly reinforced polyamide 6
-
Heavy Commercial Vehicles
- Steel
- Aluminum
- GMT (glass-mat-reinforced thermoplastics)
- Highly reinforced polyamide 6
-
North America
- United States
- Canada
- Mexico
-
Europe
- United Kingdom
- Germany
- France
-
Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Automotive Spare Wheel Recess Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the automotive spare wheel recess companies profiled in this report include Iochpe-Maxion, Superior Industries International, Accuride Corporation, Steel Strips Wheels, Hitachi Metals, Enkei, Citic Dicastal, Zhejiang Wanfeng Auto Wheel, Borbet, Mangels Industrial, and Mefro Wheels Industries.
Below are the latest technological developments from top companies in the automotive spare wheel recess market:
- ArcelorMittal, a leading steel producer, announced they are targeting a 20% weight reduction in their automotive steel portfolio by 2030. This could lead to lighter and potentially more fuel-efficient vehicles that utilize steel spare wheel recesses.
- Nippon Steel Corporation and Sumitomo Metal Industries merged their steel operations to form Nippon Steel Sumitomo Metal Corporation. This merger could create a stronger supplier of steel for automotive components, including spare wheel recesses.
- Novelis Inc., a major aluminum producer, launched a new line of automotive sheet aluminum with improved strength-to-weight ratio. This could make aluminum a more viable option for spare wheel recesses, especially for larger vehicles.
- Constellium SE, a European aluminum producer, acquired a company specializing in light weighting solutions for the automotive sector. This acquisition could position Constellium to provide innovative aluminum spare wheel recess solutions.
- Dow Inc., a leading chemical producer, announced a partnership with a major automaker to develop new GMT applications for car parts, potentially including spare wheel recesses. This collaboration could accelerate the adoption of GMT in automotive components.
- BASF SE showcased a new generation of GMT materials with improved impact resistance at a trade show. This advancement could make GMT a more suitable material for spare wheel recesses.
Q.1 What are some of the most promising and high-growth technology opportunities for the automotive spare wheel recess market?
Q.2 Which technology segment/segments will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive spare wheel recess market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in automotive spare wheel recess market?
Q.6 What are the latest developments in automotive spare wheel recess technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this automotive spare wheel recess market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this automotive spare wheel recess technology space?
Table of Contents
1. Executive Summary 2. Technology Landscape 2.1. Technology Background and Evolution 2.2. Technology and Application Mapping 2.3. Supply Chain
3. Technology Readiness
4. Technology Trends and Forecasts Analysis from 2013-2024 4.1. Automotive Spare Wheel Recess Opportunity 4.2. Technology Trends (2013-2018) and Forecasts (2019-2024)
5. Technology Opportunities (2013-2024) by Region 5.1. Automotive Spare Wheel Recess Market by Region 5.2. North American Automotive Spare Wheel Recess Technology Market
6. Latest Developments and Innovations in the Automotive Spare Wheel Recess Technologies 7. Companies / Ecosystem 7.1. Product Portfolio Analysis 7.2. Market Share Analysis 7.3. Geographical Reach
8. Strategic Implications 8.1. Implications 8.2. Growth Opportunity Analysis
9. Company Profiles of Leading Players 9.1. Iochpe-Maxion 9.2. Superior Industries International 9.3. Accuride Corporation 9.4. Steel Strips Wheels 9.5. Hitachi Metals 9.6. Enkei, Citic Dicastal 9.7. Zhejiang Wanfeng Auto Wheel 9.8. Borbet, Mangels Industrial 9.9. Mefro Wheels Industries
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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