North America SUV Aluminum Alloy Wheel Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
North America has witnessed a significant surge in the adoption of aluminum alloy wheels for SUVs, driven by consumer preferences for enhanced vehicle performance, aesthetics, and fuel efficiency. These wheels are favored for their lightweight properties, which contribute to improved fuel economy and handling. The automotive industry in the region is increasingly integrating aluminum alloy wheels to meet the growing demand for both functional and stylish vehicle components.
The market for aluminum alloy wheels in North America is projected to reach USD 7,419.28 million in 2024, with a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. This growth is attributed to the region's strong consumer demand for vehicle customization and performance enhancements. The U.S. holds a major share in the alloy wheels market, with a market size of USD 5,853.81 million in 2024, expected to grow at a CAGR of 5.0% throughout the forecast period.
Several key players dominate the North American SUV aluminum alloy wheel market, including CITIC Dicastal, Borbet, Ronal Wheels, Superior Industries, and Enkei Wheels. These companies focus on product differentiation, geographic expansion, and strategic partnerships to strengthen their market position. Their efforts are directed towards meeting the diverse requirements of the automotive industry, which seeks wheels that offer durability, lightweight design, and aesthetic appeal.
In the SUV segment, aluminum alloy wheels are particularly valued for their ability to enhance vehicle performance and appearance. The demand for these wheels is further driven by the increasing popularity of SUVs and crossovers, as consumers seek vehicles that combine utility with style. The trend towards larger-diameter aluminum alloy wheels is also prevalent, as they provide a more aggressive and stylish look, appealing to a segment of consumers interested in vehicle customization.
Overall, the North American SUV aluminum alloy wheel market is experiencing robust growth, driven by consumer demand for performance, aesthetics, and customization. The industry's focus on innovation and quality continues to meet the evolving requirements of the automotive sector.
North America SUV Aluminum Alloy Wheel Market
Get an In-Depth Research Analysis of the North America SUV Aluminum Alloy Wheel Market Size And Forecast [2025-2032]
CITIC Dicastal
Borbet
Ronal Wheels
Superior Industries
Enkei Wheels
Lizhong Group
Wanfeng Auto
Iochpe-Maxion
Zhejiang Jinfei Holding Group
Topy Group
Zhongnan Aluminum Wheels
Accuride
Steel Strips Wheels
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the North America SUV Aluminum Alloy Wheel Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America SUV Aluminum Alloy Wheel Market
5 Seats SUV
7 Seat SUV
Other
Based on Types the Market is categorized into Below types that held the largest SUV Aluminum Alloy Wheel market share In 2023.
Casting
Forging
Other
North America (United States, North America 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)
For More Information or Query, Visit @ SUV Aluminum Alloy Wheel Market Research Analysis
1. Introduction of the North America SUV Aluminum Alloy Wheel 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. North America SUV Aluminum Alloy Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America SUV Aluminum Alloy Wheel Market, By Type
6. North America SUV Aluminum Alloy Wheel Market, By Application
7. North America SUV Aluminum Alloy Wheel Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America SUV Aluminum Alloy Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/