Research Methodology – Automotive Wheels Aftermarket Industry
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Automotive Wheels Aftermarket Industry comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Automotive Wheels Aftermarket Industry is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Number of automotive manufacturers
- Types of automotive wheels produced by the industry
- Total annual production and sales of automotive wheels
- Rate of vehicle fleet expansion
- Replacement rate of automotive wheels
- Market penetration of different types of automotive wheels
- Emergence of new manufacturers and their market share
- Revenue generated from the sales of automotive wheels
Key Market Indicators
- The total number of vehicles on the road
- Rate of automotive wheel replacement
- Emerging trends in vehicle wheel design and material
- Rate of expansion of the automobile industry
- Trends in the automobile manufacturing and aftermarket industry
- Prices of raw materials used in wheel production
Growth Trends
- Increasing preference for lightweight and fuel-efficient materials in wheel production
- Growth of the electric and hybrid vehicle market and its impact on the demand for specific wheel types
- Increased use of alloy wheels over traditional steel wheels
- Adoption of advanced manufacturing techniques for creating reliable, strong, and lightweight wheels
- Emergence of specialized wheel manufacturers focused on niche markets such as luxury vehicles, heavy-duty vehicles, or sports cars
- Development and growth of online sales platforms for automotive parts including wheels
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Automotive Wheels Aftermarket Industry. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Automotive Wheels Aftermarket Industry
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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