China’s automotive wheel industry is an important part and provides important technical support for automobile manufacturing. With the continuous advancement of reform and opening up, the development of China’s automotive wheel industry has been further boosted. At present, the market scale of China’s automotive wheel industry is expanding, and its future development trend is also worth paying attention to.
According to the analysis of the market competition mode and development prospect forecast report of China’s automotive wheel industry from 2023 to 2029 released by the market research online network, as of September 2019, the market size of China’s automotive wheel industry reached 159.11 billion yuan, an increase of 2.2% over the same period last year, mainly driven by the increase in domestic automobile sales and the technological improvement of Volkswagen. In the first three quarters of 2019, the production of automotive wheels reached 352 million, an increase of 3.7% over the same period in 2018 and an increase of 7.4% over the same period last year.
It is expected that in the next few years, China’s automotive wheel industry will continue to maintain rapid development, and the market scale will continue to expand. With the development of new energy vehicles, automotive wheels will undergo major changes. The development of new energy vehicle wheels will help improve the reliability of automotive wheels and accelerate the development of the wheel industry. In addition, with the continuous development of the new energy vehicle market, the government will also increase support for new energy vehicle wheels, which will further promote the development of the automotive wheel industry.
At the same time, with the development of Internet technology, the automotive wheel industry will also be greatly affected. The automotive wheel industry will gradually develop to the Internet, thereby promoting the automation, intelligence and digitalization of the industry. The automotive wheel industry can also use Internet technology, with the help of cloud computing, big data and artificial intelligence and other technologies, to improve production efficiency, improve product quality, and accelerate the development of new products.
All in all, the market size of China’s automotive wheel industry is expanding, and its future development trend is also worth looking forward to. Strong government support and continuous updating technology will further promote the development of the automotive wheel industry.
Post time: Jul-04-2023
