Acoustic Vehicle Alerting System Market

  Automotive Alloy Wheel Market Growth Overview: The Global  Automotive Alloy Wheel Market  is estimated to reach around USD 21 billion and registering a  CAGR of ~5%  during the forecast period. Growth in the automobile industry and growing trend of vehicle customization is also aiding to the growth of automotive alloy wheel market. However, alloy wheels are more pricey than steel wheels. This is one of the factors, which is hampering the expansion of the market in countries with massive pools of price-sensitive consumers. Countries such as India and Indonesia have large population but these countries have still not given into the trend of automotive alloy wheels yet. Price is a major factor influencing the market’s growth. Alloys are generally made up of metals and other elements, so, hike in price of metals such as iron or aluminum impacts the market negatively. Periodic changes in government guidelines, advancements in technology and environmental codifications also pose challeng