Aluminium Car Wheel Market size was valued at USD 24.56 Billion in 2024 and is projected to reach USD 36.89 Billion by 2033, exhibiting a CAGR of 5.1% from 2026 to 2033.
The global Aluminium Car Wheel Market was valued at USD 14.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. This growth is driven by rising automotive production, increasing consumer preference for lightweight and fuel efficient vehicles, and the growing adoption of electric vehicles (EVs) globally. Aluminium wheels offer benefits such as better heat dissipation, improved performance, and aesthetic appeal, which are becoming essential in modern automotive design. The growing emphasis on reducing vehicle emissions through weight reduction further propels the demand for aluminium wheels, especially in passenger cars and performance vehicles. OEM demand accounts for a significant market share, while the aftermarket segment is also witnessing steady growth due to rising consumer interest in customization and upgrades.
Regionally, Asia Pacific dominated the Aluminium Car Wheel Market in 2022, accounting for over 42% of the global revenue share. China, India, and Japan are key contributors, driven by their large scale automotive manufacturing infrastructure and rising vehicle ownership. North America held the second largest share, supported by a strong preference for premium vehicles and increasing EV adoption. Europe followed closely, with demand fueled by strict environmental regulations and the growing popularity of lightweight vehicle components. The Middle East & Africa and Latin America regions are also showing emerging potential, supported by expanding urbanization, rising disposable income, and growing automotive investments. Opportunities in the market include advancements in wheel design technology, increasing penetration of aluminium wheels in commercial vehicles, and the development of recycled aluminium solutions to meet sustainability goals.
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CITIC Dicastal
Ronal Wheels
Superior Industries
Borbet
Iochpe-Maxion
Alcoa
Wanfeng Auto
Uniwheel Group
Lizhong Group
Topy Group
Enkei Wheels
Zhejiang Jinfei
Accuride
YHI
Yueling Wheels
Zhongnan Aluminum Wheels
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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 Aluminium Car Wheel Market
Passenger Cars
SUVs and Crossovers
Commercial Vehicles
Motorcycles
Racing Cars
16-inch Wheels
17-inch Wheels
18-inch Wheels
19-inch Wheels
20-inch Wheels and Above
Cast Aluminum Wheels
Forged Aluminum Wheels
Flow-Formed Wheels
Extruded Aluminum Wheels
OEM (Original Equipment Manufacturer)
Aftermarket
Fleet Owners
Leasing Companies
Single-piece Wheels
Multi-piece Wheels
Custom-designed Wheels
Lightweight Wheels
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 Aluminium Car 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. Global Aluminium Car Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aluminium Car Wheel Market, By Type
6. Global Aluminium Car Wheel Market, By Application
7. Global Aluminium Car Wheel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Aluminium Car Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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