Automotive Wheels Market Revenue was valued at USD 25.5 Billion in 2024 and is estimated to reach USD 40.6 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
The global automotive wheels market was valued at approximately USD 45.6 billion in 2022, with an expected compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. This growth can be attributed to the increasing demand for lightweight and fuel efficient vehicles, alongside advancements in wheel manufacturing technologies. The growing automotive industry, particularly in emerging markets, and a shift towards electric vehicles (EVs), which require high performance wheels, are driving this market expansion. Additionally, the increasing focus on safety, performance, and durability in vehicle components, including wheels, plays a significant role in market growth. Regionally, North America dominated the market with a revenue share of 32% in 2022, attributed to the robust automotive industry, particularly in the U.S., which is a major hub for vehicle production. Europe followed closely, with a market share of 28%, due to the presence of leading automotive manufacturers and stringent regulations on vehicle safety and emissions. The Asia Pacific region is expected to witness the highest CAGR of 6.5% from 2023 to 2030, driven by the rapid industrialization and rising demand for automobiles in countries like China and India. Other regions, including Latin America and the Middle East, also present significant opportunities for growth due to rising disposable incomes and increased automotive production.
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Accuride
Alcoa
AMW Auto
Borbet
Central Motor Wheel
CiTiC Dicastal Wheel Manufacturing
Enkei
Magnetto
Maxion Wheels
Mefro
Otto Fuchs
Ronal
Steel Strips Wheels
Superior Industries International
Topy Industries
Uniwheels
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Wheels Market
Steel Wheels
Alloy Wheels
Carbon Fiber Wheels
Aluminum Wheels
14 Inches
15 Inches
16 Inches
17 Inches
18 Inches
19 Inches and above
Steel Rims
Alloy Rims
Forged Wheels
Cast Wheels
Chrome Wheels
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Motorcycles
Off-Road Vehicles
OEM (Original Equipment Manufacturer)
Aftermarket
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Wheels Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Wheels Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Wheels Market, By Type
6. Global Automotive Wheels Market, By Application
7. Global Automotive Wheels Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Wheels Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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