Japan Saloon Wheel Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The Global Saloon Wheel Market Has Experienced Notable Growth In Recent Years, Driven By Increasing Consumer Demand For Enhanced Vehicle Aesthetics And Performance. In 2022, The Market Was Valued At Approximately Usd 12.5 Billion And Is Projected To Reach Usd 18.2 Billion By 2030, Growing At A Compound Annual Growth Rate (Cagr) Of 5.2% From 2024 To 2030.
Several Factors Contribute To This Upward Trajectory:
Consumer Preferences: There'S A Growing Trend Towards Larger Wheel Sizes, Such As 18-Inch And 20-Inch Variants, As Consumers Seek A More Aggressive And Sporty Appearance For Their Vehicles.
Technological Advancements: Manufacturers Are Focusing On Developing Lightweight Wheels Using Materials Like Aluminum Alloys, Which Enhance Fuel Efficiency And Overall Vehicle Performance.
Electric Vehicle (Ev) Integration: The Rise Of Evs Has Spurred Demand For Specialized Wheels That Cater To Unique Performance And Design Requirements.
However, Market Dynamics Are Not Without Challenges. Discussions On Platforms Like Reddit Highlight Concerns Over The Trend Of Increasing Wheel Sizes. Users Point Out That Larger Wheels Often Come With Reduced Ride Quality And Potential Performance Drawbacks. One User Expressed Exhaustion With The Growing Wheel Sizes, Noting That Many Start At 19 Inches And Go Up To 22 Inches, Which Can Negatively Impact Off-Roading Capabilities, Luxury Car Comfort, And Sports Car Performance.
Despite These Concerns, The Market Remains Competitive, With Key Players Such As Citic Dicastal, Borbet, Ronal Wheels, And Superior Industries Leading The Charge. These Companies Are Investing Heavily In Research And Development To Introduce Innovative Designs And Materials, Aiming To Balance Consumer Desires With Performance And Safety Standards.
From Personal Experience, The Choice Of Wheel Size And Material Significantly Influences Driving Comfort And Vehicle Handling. Opting For A Well-Designed, Appropriately Sized Wheel Can Enhance Both The Aesthetic Appeal And Functionality Of A Saloon Car. It'S Essential For Consumers To Consider Their Driving Habits And Local Road Conditions When Selecting Wheels To Ensure They Achieve The Desired Balance Between Style And Performance.
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Get an In-Depth Research Analysis of the Global Saloon 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Saloon Wheel Market
Saloon
SUVs
Others
Based on Types the Market is categorized into Below types that held the largest Saloon Wheel market share In 2023.
Casting
Forging
Other
Global (United States, Global 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 Saloon 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 Saloon Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Saloon Wheel Market, By Type
6. Global Saloon Wheel Market, By Application
7. Global Saloon Wheel Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Saloon Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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