Increased purchasing power of consumers has propelled the sale of vehicles across the globe over the past few years. In 2018 over 98.1 million vehicles were produced worldwide. Easy availability of auto finance such as car loans has furthermore driven the sale of passenger cars.
Wheels are critical components of car manufacturing. The automotive wheel market has grown over recent years, was valued at USD 121 billion in 2019, and is estimated to increase over 5.8% CAGR from 2020 to 2026. Furthermore, increasing vehicle customization activities are predicted that will support the industry growth.
Car manufactures are encouraged to use light weight wheels such as those made from Aluminum in order to reduce emission and control fuel cost.
We, the Members of Team SYNERGIES, commit ourselves to manufacturing and delivering to our Customers the most contemporary, high quality, defect-free products in the industry. We will achieve this by implementing, within our organization and with our supply partners, customer-oriented business and manufacturing processes that will focus on innovation, defect prevention, and continual improvement.
