South Africa Automotive Trailer Wheel Rims Market Analysis By Geography, Competitors, Trends and Demands To 2026
Wheel rims are the
skeleton structure located at the middle of a tire module designed to support
the wheel in different conditions and also to support the tire alignment when
the vehicles are moving. Trailer wheel rims are specifically designed to bear
large amount of load for transportation purposes.
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South
Africa automotive trailer wheel rims market is expected to witness significant
growth during the forecast period (2018–2026). The market growth is majorly
attributed to increasing heavy vehicle production and growth of road
transportation sector in the country, which is increasing demand for wheel rims
for heavy vehicles. Furthermore, as per Coherent Market Insights’ analysis,
growth of the automotive trailer wheel rims market is also propelled by the
automotive industry growth. For instance, the government of South Africa has
planned to increase the automobile production (includes automotive components,
medium and heavy vehicles) to 1.2 million vehicles per year by 2020.
Steel segment is expected to be the largest
segment in South Africa automotive trailer wheel rims market during the
forecast period, owing to its high strength properties during harsh
environments such as mining, industrial, and construction sites. The steel
wheel rims are processed through multiple processes while manufacturing, which
includes the following processes:
- Feeding
and Rim Bank Coiling
- Flattening
and Butt Welding
- Trimming,
Planishing, and End Cutting
- Flaring
- Roll
Forming
- Edge
Flanging and Expanding
- Gas
Tightness Testing and Valve Hole Punching
- Pressing
Disc into Rim and Welding
After going through all these processes, the
wheel rims are tested on multiple levels to check its durability and strength
during working conditions. Some of the testing of wheel rims include fatigue
testing (radial and cornering), weld penetration testing, and corrosion test.
Steel wheel rims are 70-80% cost-effective
than alloy wheels, which makes it a best fit to keep a second set in the case
of replacement due to heavy damage. Furthermore, steel wheels rims are
generally heavier in weight when compared to alloy wheel rims, so if a steel
wheel rims is put up on a vehicle that had alloy wheels-based suspension
system, it lowers the speed of the vehicle and acts as a bulldozer or a tank.
South Africa Automotive Industry Trends:
Due to increasing developments in South
Africa’s automotive industry, many automotive players are providing innovative
products and solutions to meet the market needs in such a competitive market.
For instance, in March 2014, Alcoa, the subsidiary of Arconic, introduced the
world’s lightest heavy-duty truck wheels, which aids in reducing the overall
weight of the vehicle. These wheels are 47% lighter than steel wheels of the
same size.
Moreover, the production of commercial
vehicles is projected to increase continuously, which will create investment
opportunities for the investors. For instance, according to International
Organization of Motor Vehicle Manufacturers, South Africa produced 25,162
commercial vehicles in 2017, which increased to 27,493 in 2018.
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According to Coherent Market Insights’
analysis, OEMs segment was the most dominant segment in 2017 and it is
projected to be the fastest growing segment during the forecast period. This is
owing to increasing heavy commercial vehicle production in South Africa and
projected production plan of the government of the country.
Some of the key players operating in the South
Africa automotive trailer wheel rims market include Arconic, BORBET GmbH,
Burquip, Enkei, Globalwheels, JBH Wheels, MAXION Wheels, Stamford Sport Wheels,
Titan International Inc., and TSW Alloy Wheels.
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