Automotive Wheel Market was valued at US$ 39.96 Bn. in 2022 and the total Automotive Wheel revenue is expected to grow at 5.9% from 2023 to 2029, reaching nearly US$ 59.69 Bn.

Report Overview

The Automotive Wheel market report is a comprehensive analysis of the Automotive Wheel Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Automotive Wheel market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Automotive Wheel market.

Scope and Research Methodology

The report provides a detailed analysis of the Automotive Wheel market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Automotive Wheel market report.

Primary research involved interviews with key players in the Automotive Wheel industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Automotive Wheel market, as well as the opportunities and challenges facing the industry.

Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Automotive Wheel market, such as market size, trends, and regulations.

The report also includes a SWOT analysis of the Automotive Wheel industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.

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Market Dynamics: Growth Driver, Opportunities, Challenges and Restrain Factors

While 18- and 19-inch wheels are more popular in the US market, 16- and 17-inch wheels are standard on top-selling passenger cars in Europe. Given the current low level of competition, the ongoing premiumization trend in India will provide a strong boost to alloy wheel firms as well as a substantial potential for foreign producers. The F-150 has up to five alloy wheel options, ranging in size from 17 to 22 inches, and has been the best-selling car in the US for 44 years running. Other OEMs like silver-painted aluminum wheels, and machined aluminum wheels are becoming more and more in demand. Owing to the popularity of sedans in China, the top ten best-selling cars are more likely to have 14–16-inch silver painted alloy wheels.

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Market Regional Analysis

The report includes a detailed analysis of several key countries including Automotive Wheel market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:

North America (U.S., Canada, Mexico)

Europe (UK, Germany, France, Spain, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)

South America (Brazil)

The Middle East and Africa

Automotive Wheel Market Segmentation

by Rim Size

1. 13"-15"
2. 16"-18"
3. 19"-21"
4. Above 21"

by Material

1. Alloy
2. Steel
3. Aluminum
4. Carbon Fiber
5. Other

According to Material, throughout the projection period, the alloy segment is anticipated to rise at a CAGR of 4.8%. Alloy wheels are sometimes purchased for aesthetic reasons (visible repairs), despite the fact that the poorer alloys are usually not resistant to corrosion. Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys. The wheels in use may rust after three to five years even if they are adequately covered, although refurbishing is now commonly accessible at a cost. If appropriate safety procedures are not taken, alloy wheels' propensity for galvanic corrosion may result in tire air leakage. Additionally, alloy wheels are more difficult to repair when bent than steel wheels, but overall, repairs are less expensive than replacements due to their higher price.

by Vehicle

1. Passenger Vehicle
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle

by End-User

1. Original Equipment Manufacturer (OEM)
2. Aftermarket

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Automotive Wheel Market Key Players

1. MAXION Wheels (Germany)
2. Borbet GmbH (Germany)
3. Uniwheels (Germany)
4. BBS Kraftfahrzeugtechnik AG. (Germany)
5. Thyssenkrupp AG (Germany)
6. CITIC Dicastal Co., Ltd. (China)
7. Zhejiang Wanfeng Auto Wheel (China)
8. LIZHONG WHEEL GROUP (China)
9. Superior Industries International (US)
10. Accuride Corporation (US)
11. MHT Luxury Wheels (US)
12. Status Wheels, Inc. (US)
13. Wheel Pros, LLC (US)
14. Fuel Off-Road Wheels (US)
15. SOTA Offroad (US)
16. Forgiato Wheels (US)
17. KONIG AMERICAN (US)
18. LKQ Corporation (US)
19. HRE Performance Wheels (US)
20. Vossen Wheels (US)
21. ALCOA WHEELS (US)
22. Steel Strips Wheels Ltd. (India)
23. Enkei Wheels India Ltd. (India)
24. Hitachi Metals (Japan)
25. TOPY INDUSTRIES (Japan)
26. Mangels Industrial (Brazil)
27. Ronal AG (Switzerland)
28. CMWheels (UK)
29. Alcar Holding GmbH (Austria)

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Key Questions answered in the Automotive Wheel Market Report are:

• What is Automotive Wheel ?
• What was the Automotive Wheel Market size in 2022?
• What will be the CAGR of the Automotive Wheel market during the forecast period?
• Which region held the largest Automotive Wheel market share in 2022?
• What are the opportunities for the Automotive Wheel Market?
• What are the factors driving the Automotive Wheel market growth?
• What factors are hampering the Automotive Wheel market growth?
• Which company held the largest share in the Automotive Wheel market?
• What key trends are likely to emerge in the Automotive Wheel market in the coming years?
• What growth strategies are the players considering to increase their presence in Automotive Wheel Market?

Key offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis of segments and sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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