Technological Advancements Boost the Global Automotive Wheel Market

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Automotive Wheel Market was valued at US$ 42.31 Bn. in 2023 and the total Automotive Wheel revenue is expected to grow at 5.9% from 2024 to 2030, reaching nearly US$ 63.21 Bn.

Market Overview

The global market for Automotive Wheel is analyzed in detail by Maximize Market Research, providing an extensive examination of regional dynamics and the competitive landscape. This report offers insights into various aspects of the market, enabling stakeholders to make informed decisions.

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Report Scope Research Methodology

This report presents a thorough analysis of the Automotive Wheel market, focusing on critical factors such as technology adoption, financial health, mergers and acquisitions, joint ventures, and strategic alliances within the competitive environment.

Key findings include:

Pricing Trends

Investment Opportunities

Expansion Plans

Market Presence

Utilizing a bottom-up approach, we estimate market size and growth rates, offering insights into the drivers, restraints, opportunities, and challenges facing the industry.

The research methodology involves comprehensive data collection through interviews, surveys, and credible secondary sources. The report highlights market trends, motivators, challenges, and opportunities, providing a clear view of the competitive landscape.

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Regional Insights

Our regional analysis evaluates the status of the Automotive Wheel market across key regions, including:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

This section provides a detailed assessment of market size, growth rates, and import-export activities, enabling a nuanced understanding of the market landscape in each region.

Table of Content: Automotive Wheel Market

Part 01: Executive Summary

Part 02: Scope of the Automotive Wheel Market Report

Part 03: Global Automotive Wheel Market Landscape

Part 04: Global Automotive Wheel Market Sizing

Part 05: Global Automotive Wheel Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Market Segmentation

by Rim Size

13"-15"
16"-18"
19"-21"
Above 21"


by Material

Alloy
Steel
Aluminum
Carbon Fiber
Other

Over the course of the projected period, the alloy sector by material is anticipated to expand at a CAGR of 4.8%. Despite the fact that the weaker alloys used are usually not corrosion-resistant, alloy wheels are commonly purchased for aesthetic reasons (visible repairs). Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys. Wheels in use may rust after three to five years, even if they are properly covered. However, refurbishing is now commonly available at a cost. If appropriate safeguards are not taken, galvanic corrosion on alloy wheels might result in tire air leaks. Additionally, alloy wheels are more difficult to repair than steel wheels when bent, however repairs are typically less expensive than replacements due to their higher cost.

by Vehicle

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle


by End-User

Original Equipment Manufacturer (OEM)
Aftermarket

The Automotive Wheel market is segmented into various categories, allowing for a comprehensive analysis of different segments and their specific dynamics.

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Key Players in the Market

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)

Interested in market data? The research report summary provides critical insights:

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Key questions addressed in the report include:

  • What is the current state of the Automotive Wheel market?
  • What was the market size in 2023?
  • What is the projected growth rate of the Automotive Wheel market?
  • What factors are expected to drive market growth?
  • What segments exist within the Automotive Wheel market?
  • What strategies are companies pursuing to enhance their presence?
  • What upcoming trends and applications are on the horizon?
  • Who are the leading companies in the Automotive Wheel market, and what are their offerings?

Key Offerings

  • Historical Market Size Competitive Landscape (2018-2022)
  • Pricing Trends and Regional Price Curves (2018-2022)
  • Market Size, Share, Forecast by Segment (2024–2030)
  • Dynamics: Growth Drivers, Restraints, Opportunities, and Trends by Region
  • Detailed Market Segmentation and Sub-segment Analysis
  • Competitive Landscape: Profiles of Key Players by Region
  • Market Leaders, Followers, and Regional Players
  • Competitive Benchmarking
  • PESTLE and PORTER Analysis
  • Value Chain and Supply Chain Analysis
  • Legal Aspects of Business by Region
  • SWOT Analysis for Lucrative Opportunities
  • Strategic Recommendations

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