A wheel hub is a cylindrical metal component in the inner border of a tire, the center of which is on the axis and aimed to support the wheel. Wheel hubs can be classified into different categories according to materials, diameters, widths and forming methods. The most common classification is dividing wheel hubs into steel wheel hubs and alloy wheel hubs according to materials. Wheel hub materials experienced a process from iron and steel to alloy (aluminum alloy, aluminum magnesium alloy) globally. Currently, the aluminum alloy wheel hubs dominate the market, while the relatively expensive aluminum magnesium alloy wheel hubs have a low penetration rate. The equipment rate of aluminum alloy wheel hubs has reached over 60% globally, with a majority of OEM passenger vehicles equipped with aluminum alloy wheel hubs.
According to CRI, from the perspective of distribution of global aluminum alloy wheel hub manufacturers, Germany and Italy in Europe as well as Japan and Korea in Asian-Pacific regions are traditional manufacturing areas of aluminum alloy wheel hubs. However, due to increasing labor costs, most factories in these areas has moved to East Europe, Mainland China and Southeast Asia where labor costs are relatively low.
In 2016, the production volume of automobiles exceeded 28 million in China who has been the world's largest producer and distributor for many years. The CAGR of the automobile production volume reached approximately 9.9% in China from 2012 to 2016, far higher than the global figure in the corresponding period. China becomes one of the major manufacturing bases of aluminum alloy wheel hubs globally with the mature development of this industry. Chinese automobile wheel hub manufacturers can be divided into three categories. Enterprises in the first category mainly focus on the whole vehicle manufacturing market, including CITIC Dicastal, Wanfeng Auto and Lizhong. The focus of enterprises in the second category is the domestic aftermarket. Sample enterprises include Advanti and Fengtu (joint venture of Wanfeng Auto). The third category refers to foreign-invested enterprises. A large number of their products are exported to the overseas market.
CRI analyzes that China's wheel hub industry demonstrates an upward trend since the automobile industry develops rapidly and multinational corporations invest in establishing automotive component manufacturers. In 2016, the export destinations of aluminum alloy wheel hubs in China totaled more than 160 countries and the export value approached USD 3.9 billion.
Analyzed by CRI, the production volume of passenger vehicles increased from 15.52 million to 24.42 million in China from 2012 to 2016, with a CAGR approaching 12%. Considering that a majority of OEM passenger vehicles are equipped with aluminum alloy wheel hubs, the growth of the production volume of passenger vehicles can basically reflect the growth of the sales volume of aluminum alloy wheel hubs in China's OEM market. From the perspective of China's domestic OEM market, most passenger vehicles are equipped with aluminum alloy wheel hubs when leaving factory, whereas commercial vehicles are equipped with steel wheel hubs. The demand of aftermarket for wheel hubs is closely associated with the automobile reserve volume. By the end of 2017, the automobile reserve volume will have exceeded 200 million in China. Over 20 million wheel hubs are needed for replacement annually. The market size of automobile wheel hubs exceeds CNY 20 billion (USD 3 billion) in China in 2017, with a continuous growth from 2018 to 2022.
Automobile light-weighting has been a development trend in the global automobile industry. The principal light-weighting measure is the design of light-weighting structure and intensity, including the trend of alloy wheel hubs. In 2017, the proportion of OEM passenger vehicles equipped with aluminum alloy wheel hubs is approximately 70% in China and is estimated to grow gradually from 2018 to 2022.
CRI predicts that the proportion of OEM passenger vehicles equipped with aluminum alloy or magnesium alloy wheel hubs is expected to approach 100% in 2025. It is projected that the demand for wheel hubs in China, together with the export volume, will continue to grow during 2018 and 2022, stimulating the development of China's wheel hub industry.
Through this report, the readers can acquire the following information:
Table of Content
CHAPTER I Relevant Concept of Automobile Wheel Hub Industry
1.1 Definition of Automobile Wheel Hubs
1.2 Classification of Automobile Wheel Hubs
1.3 Development Status of Global Automobile Wheel Hub Industry, 2013-2017
1.4 Research Methods of the Report
1.4.1 Parameters and Assumptions
1.4.2 Data Sources
1.4.3 About CRI
CHAPTER II Development Environment of Automobile Wheel Hub Industry in China, 2013-2017
2.1 Economic Environment
2.1.1 Global Economy
2.1.2 Chinese Economy
2.2 Policy Environment
2.2.1 Government Policies of China Automotive Component Industry
2.2.2 Policies and Standards of China Automobile Wheel Hub Industry
CHAPTER III Analysis on China Automobile Wheel Hub Industry, 2013-2017
3.1 Overview of Industry Development
3.2 Analysis on Supply of Automobile Wheel Hubs in China, 2013-2017
3.2.1 Analysis on Production Capacity of Automobile Wheel Hubs in China
3.2.2 Analysis on Production Volume of Automobile Wheel Hubs in China
3.2.2 Analysis on OEM Supply of Automobile Wheel Hubs
3.2.3 Aftermarket Production Volume of Wheel Hubs, 2013-2017
3.3 Demand of Chinese Market for Automobile Wheel Hubs
3.3.1 Analysis on Overall Market Demand
3.3.2 Analysis on OEM Market Demand
3.3.3 Analysis on Aftermarket Demand
3.4 Analysis on Import and Export of Automobile Wheel Hubs in China
3.4.1 Overview of Import of Automobile Wheel Hubs in China
3.4.2 Major Import Sources of Automobile Wheel Hubs in China
3.4.3 Analysis on Export of Automobile Wheel Hubs in China
3.4.4 Major Export Destinations of Automobile Wheel Hubs in China
CHAPTER IV Analysis on China Automobile Wheel Hub Industry Chain
4.1 Analysis on Production Costs of Automobile Wheel Hubs
4.1.1 Overview of Major Production Costs
4.1.2 Price Trend of Raw Materials
4.2 Overview of Wheel Hub Manufacturing Industry
4.2.1 Major Automobile Wheel Hub Manufacturers
4.2.2 Price Trend of Automobile Wheel Hubs
4.2.3 Gross Profit Margin of Automobile Wheel Hub Manufacturing Industry
4.3.1 Complete Vehicle Manufacture
4.3.2 Automobile Aftermarket
CHAPTER V Analysis on Competition of China Automobile Wheel Hub Industry, 2015-2018
5.1 Barriers to Entry in Automobile Wheel Hub Industry
5.1.1 Technological Barriers
5.1.2 Capital Barriers
5.1.3 Barriers of Qualification Authentication
5.2 Competition Structure of Automobile Wheel Hub Industry
5.2.1 Analysis on Bargaining Power of Raw Material Suppliers
5.2.2 Analysis on Bargaining Power of Clients
5.2.3 Internal Competition of Automobile Wheel Hub Manufacturing Industry
5.2.4 Analysis on Potential Entrants
5.2.5 Analysis on Substitutes of Automobile Wheel Hubs
CHAPTER VI Analysis on Major Global Wheel Hub Manufacturers, 2015-2018
6.1 CITIC Dicastal Co., Ltd.
6.2 BBS Kraftfahrzeugtechnik AG
6.3 Guangdong DCenti Auto Parts Co., Ltd.
6.4 ENKEI Corporation
6.5 Maxion Wheels Inc.
6.6 Zhejiang Yueling Co., Ltd.
6.7 Zhejiang Wanfeng Auto Wheel Co., Ltd.
6.8 Zhejiang Jinfei Kaida Wheel Co., Ltd.
6.9 Lizhong Wheel Group
6.10 Kunshan Lufeng Machinery Industry Limited Company
6.11 Zhengxing Wheel Group Co., Ltd.
6.12 Xingmin Intelligent Transportation Systems (Group) Co., Ltd.
6.14 Zhongnanlv Wheel Co., Ltd.
6.15 Ningbo Baodi Wheel Hub Co., Ltd.
CHAPTER VII Prospect of Automobile Wheel Hub Industry in China, 2018-2022
7.1 Factors Influencing Development of Automobile Wheel Hub Industry in China, 2018-2022
7.1.1 Driving Forces and Market Opportunities
7.1.2 Risks and Challenges
7.2 Forecast on Supply of Automobile Wheel Hubs in China, 2018-2022
7.2.1 Forecast on Production Capacity of Automobile Wheel Hubs
7.2.2 Forecast on Production Volume of Automobile Wheel Hubs
7.3 Forecast on Demand for Automobile Wheel Hubs
7.3.1 Forecast on Overall Demand for Wheel Hubs
7.3.2 Forecast on Demand of OEM Market for Wheel Hubs
7.3.3 Forecast on Demand of Aftermarket for Wheel Hubs
Chart Major Types of Automobile Wheel Hubs
Chart Comparisons of Strengths and Weaknesses between Alloy Wheels and Steel Wheels
Chart Production and Sales Volume of Automobiles in China, 2012-2021
Chart Government Policies of Automotive Component Industry in China
Chart Global Production and Sales Volume of Automobiles, 2012-2021
Chart Major Automobile Wheel Hub Manufacturers in China
Chart Total Production Volume of Automobile Wheel Hubs in China, 2012-2017
Chart Demand of OEM Market for Passenger Vehicle Wheel Hubs in China, 2013-2017
Chart Demand of OEM Market for Commercial Vehicle Wheel Hubs in China, 2013-2017
Chart Market Size of Automobile Wheel Hubs in China, 2013-2017
Chart Size of Wheel Hub OEM Market in China, 2013-2017
Chart Size of Wheel Hub Aftermarket in China, 2013-2017
Chart TOP20 Export Destinations of Wheel Hubs in China, 2017
Chart Export Value of Wheel Hubs in China, 2013-2017
Chart TOP10 Export Enterprises of Aluminum Alloy Wheels in China, 2016
Chart Constitution of China Automobile Wheel Hub Industry Chain
Chart Prices of Aluminum Ingot in China, 2015-2017
Chart Average Wage in China Manufacturing Industry, 2006-2017
Chart Major Aluminum Alloy Wheel Hub Suppliers in China
Chart Major Steel Wheel Hub Suppliers in China
Chart Forecast on Production Volume of Automobile Wheel Hubs in China, 2018-2022
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