Bus Wheel Market 2023 Size Growing Rapidly with Recent Trends | Borbet, Alcoa, Accuride
The Bus Wheel Market is a segment of the automotive industry that specializes in the design, production, and distribution of wheels and rims specifically designed for buses. These wheels are integral components of buses, providing not only structural support but also influencing the vehicle's performance and aesthetics. The market caters to bus manufacturers, transit agencies, and aftermarket consumers seeking wheels that offer durability, safety, and efficiency for various types of buses, including public transit, school buses, and commercial vehicles.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) @ https://www.infinitybusinessinsights.com/request_sample.php?id=808014&SP
The global bus wheel market is expected to grow at a CAGR of 9.7% from 2023 to 2030, reaching USD 6.3 billion by 2030. The growth of the market is attributed to the increasing demand for buses from emerging markets, the rising demand for electric buses, and the growing demand for lightweight and durable bus wheels.
Latest Mergers and Acquisitions in the Bus Wheel Market
In February 2023, Alcoa acquired Arconic's wheel business for USD 2.8 billion. Arconic is a leading provider of aluminum wheels for buses. This acquisition is expected to strengthen Alcoa's position in the bus wheel market and give it access to Arconic's expertise in aluminum wheels.
In January 2023, ZF acquired Wabco for USD 7 billion. Wabco is a leading provider of braking systems and other automotive components, including bus wheels. This acquisition is expected to expand ZF's portfolio of bus wheels and give it access to Wabco's expertise in braking systems and other automotive components.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ:
The dynamics of the Bus Wheel Market are shaped by various factors, including technological advancements, industry standards, and trends in bus manufacturing and design. As buses become more sophisticated and environmentally friendly, the market responds with innovative wheel designs that enhance performance, safety, and fuel efficiency. Stringent safety and quality standards, often set by government authorities, impact the market as manufacturers must adhere to these requirements. The competitive landscape includes established wheel manufacturers and specialized suppliers who aim to provide wheels that meet not only safety and performance standards but also address specific customer needs.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ง (๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ) @ https://www.infinitybusinessinsights.com/checkout?id=808014&price=3480.00&discount=20&SP
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The global Bus Wheel market has been segmented on the basis of type and application.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐๐ฒ๐ฉ๐:
Casting
Forging
Other
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Single-decker Bus
Double-decker Bus
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The regional dynamics of the Bus Wheel Market are influenced by several factors, including the size and maturity of the local bus manufacturing industry, transportation infrastructure development, and economic conditions. North America and Europe are major markets for bus wheels, driven by a well-established public transportation network and a significant number of bus manufacturers. In Asia-Pacific, particularly in countries like China and India, the market is growing rapidly, as these regions expand their transportation infrastructure and witness a surge in bus production. Emerging markets in Latin America and Africa are also exhibiting potential, as transportation systems in these regions evolve, boosting demand for bus wheels.
๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ฅ๐ฅ ๐๐ญ๐ฎ๐๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.infinitybusinessinsights.com/reports/global-bus-wheel-market-2022-by-manufacturers-regions-type-and-application-forecast-to-2028-808014?SP
๐๐๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ:
The Bus Wheel Market can experience fluctuations during economic downturns, as public transportation budgets may be constrained, leading to delayed or reduced bus purchases. However, the market is relatively resilient, as public transit remains an essential service, and buses need to be maintained and upgraded for safety and efficiency. During recessions, manufacturers may focus on offering cost-effective wheel options, addressing the budget constraints of transit agencies and bus operators. Recovery in this market is often swift, particularly as public transportation systems resume regular operations and bus purchases regain momentum post-recession. The market can also benefit from trends such as environmental sustainability, as transit agencies seek fuel-efficient and eco-friendly buses, leading to the adoption of innovative wheel designs. Additionally, the focus on safety in public transportation can further stimulate the demand for high-quality, reliable bus wheels. The Bus Wheel Market is well-positioned to rebound and continue its growth trajectory, adapting to evolving transportation needs and industry regulations.
๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
A complete backdrop analysis, which includes an assessment of the Bus Wheel market
An objective assessment of the trajectory of the Bus Wheel market
Bus Wheel Market segmentation up to the second or third level
Reporting and evaluation of recent industry developments
Important changes in market dynamics
Emerging niche segments and regional markets
Historical, current, and projected size of the market from the standpoint of both value and volume
Bus Wheel Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the Bus Wheel market
๐๐ฎ๐ซ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Patient Clothes Market : https://www.digitaljournal.com/pr/news/cdn-newswire/patient-clothes-market-to-witness-excellent-growth-by-2030-franz-mensch-matopat-med-tex
DevOps for Retail Market : https://www.digitaljournal.com/pr/news/cdn-newswire/devops-for-retail-market-will-generate-new-growth-opportunities-in-upcoming-year-2030-google-oracle-ibm
Contact Us:
Amit Jain
Sales Coordinator +1 518 300 3575
inquiry@infinitybusinessinsights.com
https://www.infinitybusinessinsights.com
About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bus Wheel Market 2023 Size Growing Rapidly with Recent Trends | Borbet, Alcoa, Accuride here
News-ID: 3248462 • Views: โฆ
More Releases from Infinity Business Insights
Empowering Growth: Healthcare Physician Recruitment Management Market 2024 and I โฆ
The latest competent intelligence report published by IBI with the title "An Increase in Demand and Opportunities for Global Healthcare Physician Recruitment Management Market 2024" provides a sorted image of the Healthcare Physician Recruitment Management industry by analysis of research and information collected from various sources that have the ability to help the decision-makers in the worldwide market to play a significant role in making a gradual impact on theโฆ
To Register Unwavering Growth Of Manufacturing Intelligence Platforms Market 202 โฆ
Growing Demand of the Manufacturing Intelligence Platforms Market Overview 2024-2032:
The latest release from Infinity Business Insights titled Manufacturing Intelligence Platforms Market Research Report 2024-2032 (by Product Type, End-User / Application, and Regions / Countries) provides an in-depth assessment of the Manufacturing Intelligence Platforms including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles, and strategies. Global Manufacturing Intelligence Platforms Market study with 100+ market dataโฆ
New Horizons in Couple's event Planning Apps Market Exploring Future Growth Pote โฆ
The latest research study released by Infinity Business Insights on "Couple's event Planning Apps Market" with 100+ pages of analysis on business strategy taken up by emerging industry players, geographical scope, market segments, product landscape and price, and cost structure. It also assists in market segmentation according to the industry's latest and upcoming trends to the bottom-most level, topographical markets, and key advancement from both market and technology-aligned perspectives. Eachโฆ
Future Industry Growth Of Online Art Exhibition Platforms Market Types and Appli โฆ
The Online Art Exhibition Platforms Market research study is a professional report with premium insights into the size of the business, current patterns, drivers, risks, potential outcomes, and major segments. The Industry Report forecasts the future growth of the market based on precise assumptions. Furthermore, based on input from industry experts, the report provides actionable insights into the Online Art Exhibition Platforms Market's future growth to assist readers in developingโฆ
More Releases for Bus
Bus Charter Services Market 2019 Analysis and Precise Outlook : Barons Bus, Nort โฆ
Latest added Global Bus Charter Services Market research study by AMA Research offers detailed outlook and elaborates market review till 2025. The market Study is segmented by key regions that are accelerating the mercerization. At present, the market players are strategizing and overcoming challenges of current scenario; The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondaryโฆ
Bus Manufacturing Market Detailed Global Analysis Report by Key Players โ FAW, โฆ
A new business intelligence report released by Up Market Research on โGlobal Bus Manufacturing Market Research Report 2019โ. Report provides a comprehensive market analysis with future prospects to 2026. The study have garnered extensive research methodologies and data sources (i.e. Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.
Get Exclusive FREE Sample Copy Of this Report @
https://www.upmarketresearch.com/home/requested_sample/76328
The reportโฆ
Global School Bus Market 2019 - Collins Industries, Starcraft Bus, Trans Tech, I โฆ
School Bus Market
The global School Bus market research report comprises of the basic insights that are relevant to the global market. The report being an all-inclusive one will be of great help to the users in order to understand not only the market trends, but also the size, forecast trends, production, share, demand, sales, and many such aspects
International global School Bus market report has been replete with step by stepโฆ
Global School Bus Market 2018 - Micro Bird, Starcraft Bus, Trans Tech, Van Con, โฆ
Eminent Market Reports, recently published a detailed market research study focused on the โSchool Bus Marketโ across the global, regional and country level. The report provides 360ยฐ analysis of โSchool Bus Marketโ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of School Bus onโฆ
Global Bus Market 2018 - Beiqi Foton Motor, JMCG, JAC, BYD, Yangzhou Asiastar Bu โฆ
Eminent Market Reports, recently published a detailed market research study focused on the โBus Marketโ across the global, regional and country level. The report provides 360ยฐ analysis of โBus Marketโ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bus on the basis ofโฆ
China Electric Bus Market by Type Pure Electric Bus, Series Hybrid Bus, Parallel โฆ
China electric bus market size is estimated to cross 140,000 units in 2017 and is forecasted to grow at a CAGR of 13.1% during 2018-2025. The market witnessed a significant growth in the historical period, mainly driven by government subsidies. Pure Electric buses, which account for a majority of electric bus sales in the country, would continue to dominate the Chinese electric bus market due to increased government support forโฆ