Market Research Report
South Africa Automotive Trailer Wheel Rims Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
|Published by||Coherent Market Insights||Product code||833138|
|Published||Content info||150 Pages
Delivery time: 2-3 business days
|South Africa Automotive Trailer Wheel Rims Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026|
|Published: April 26, 2019||Content info: 150 Pages||
South Africa automotive trailer wheel rims market is expected to generate an absolute dollar opportunity of US$ 2.3 Bn during the forecast period of 2018-2026. This is owing to increasing heavy vehicle production in the country, which was 25,162 in 2017 and reached 27,493 in 2018, according to International Organization for Motor Vehicle Manufacturers. Moreover, the government of South Africa has planned to increase the production of automotive components, medium and heavy commercial vehicle production to 1.2 billion units per year by 2020, according to Coherent Market Insights' analysis.
Trailer wheel rims is expected to witness significant adoption in the road transport & logistics applications during the forecast period. In South Africa, road transportation sector is considered as the backbone of the country's economy. Moreover, increasing demand for heavy vehicles in transportation and logistics sector of the country is propelling demand for heavy vehicle production and thus, increasing the demand for automotive trailer wheel rims in South Africa. In addition, the demand for alloy wheel rims is becoming a trend, owing to its light weight and fuel efficient properties, and also its attractive physical appearance through its design.
"*" marked represents similar segmentation in other categories in the respective section.