Automotive Wheel Market: Emerging Trends, Demand Analysis, and Forecast 2024-2030

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.

Automotive WheelMarket Overview:

Maximize Market Research, a business research firm has published a report on the Automotive WheelMarket. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).

Estimated Growth Rate forAutomotive WheelMarket:

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.

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Automotive WheelMarket Report Scope and Research Methodology:

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 aluminium wheels, and machined aluminium 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 1416-inch silver painted alloy wheels.

Automotive Wheel Market Regional Insights:

Improved dependability and increasing demand drive growth in theAutomotive WheelMarket, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specificAutomotive Wheelmarket needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.

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Automotive WheelMarket Segmentation:

by Rim Size
13"-15"
16"-18"
19"-21"
Above 21"

by Material
Alloy
Steel
Aluminum
Carbon Fiber
Other

by Vehicle
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

by End-User
Original Equipment Manufacturer (OEM)
Aftermarket

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Table of Content: Automotive Wheel Market

Part 01: Executive Summary

Part 02: Scope of theAutomotive WheelMarket Report

Part 03: GlobalAutomotive WheelMarket Landscape

Part 04: GlobalAutomotive WheelMarket Sizing

Part 05: GlobalAutomotive WheelMarket 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

Automotive WheelMarket 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)

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Key questions answered in theAutomotive WheelMarket are:

  • Who are the leading companies and what are their portfolios inAutomotive WheelMarket?
  • What segments are covered in theAutomotive WheelMarket?
  • Who are the key players in theAutomotive Wheelmarket?
  • What isAutomotive Wheel?
  • What is the growth rate of theAutomotive WheelMarket?
  • Which are the factors expected to drive theAutomotive Wheelmarket growth?
  • What are the different segments of theAutomotive WheelMarket?
  • What growth strategies are the players considering to increase their presence inAutomotive Wheel?
  • What are the upcoming industry applications and trends for theAutomotive WheelMarket?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for theAutomotive WheelMarket?
  • What segments are covered in theAutomotive WheelMarket?

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