Market Share of Off-highway Wheels Industry
Several key players, such as Titan International Inc., Moveero Limited, Trelleborg AB, Accuride Corporation, Rimex, Steel Strips Wheels Ltd, Maxion Wheels, and others dominate the off-highway wheels market. The players operating in the market are concentrating on several growth strategies to gain a competitive edge over other players. For instance,
In March 2022, Titan International Inc. entered into a definitive agreement for the sale of its Australian wheel business to off-highway vehicles, Tyres, a leading local national tire, wheel, and service provider.
In September 2021, Maxion Wheels announced the start of the production of truck wheels from Maxion’s San Luis Potosí, Mexico.
In June 2021, Anyang Rarlong Machinery Co. Ltd. developed energy-saving manufacturing technology for engineering wheel rims to improve production efficiency with no defects caused by oxide scale, with an aim to achieve the purpose of energy-saving.
Off-Highway Wheels Market Leaders
Accuride Corporation
Trelleborg AB
Titan International, Inc.
Steel Strips Wheels Limited
Moveero Limited
*Disclaimer: Major Players sorted in no particular order
