Automotive Metal Wheel Market size is estimated to be USD XX Billion in 2024 and is expected to reach USD YY Billion by 2033 at a CAGR of ZZ% from 2026 to 2033.
The global automotive metal wheel market was valued at approximately USD 25.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The demand for metal wheels is primarily driven by the increasing production of passenger cars and commercial vehicles, along with a rising focus on enhancing vehicle performance, fuel efficiency, and aesthetics. The market is witnessing substantial growth in regions such as North America, Europe, and Asia Pacific, with Asia Pacific holding the largest market share in 2022, accounting for over 45% of the global market revenue. This region is expected to continue dominating the market due to the rapid expansion of automotive manufacturing in countries like China and India. Furthermore, the increasing disposable income and a rising preference for luxury vehicles are anticipated to fuel the demand for premium automotive metal wheels in these regions. In terms of regional analysis, North America and Europe are also significant contributors to the automotive metal wheel market, owing to the presence of leading automotive manufacturers and a growing inclination toward lightweight vehicles. North America accounted for approximately 20% of the global market share in 2022, driven by the U.S.s dominance in automotive production and innovation. Europe, with its increasing adoption of electric vehicles (EVs), is expected to offer considerable opportunities for the automotive metal wheel market, with a projected CAGR of 4.5% from 2023 to 2030. The Middle East and Africa (MEA) region is experiencing slow but steady growth in automotive production, while Latin America is anticipated to witness moderate growth over the forecast period, spurred by the rise in demand for affordable vehicles.
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Iochpe-Maxion
CITIC Dicastal
Borbet
CMW
Superior Industries
Topy
Accuride
Alcoa
Ronal Wheels
Wanfeng Auto
Lizhong Group
Jingu Group
DFW
Uniwheel Group
ALCAR
Zhejiang Jinfei
Enkei Wheels
Zhongnan Aluminum Wheels
YHI
Yueling 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. 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 Metal Wheel Market
Aluminum Alloy Wheels
Steel Wheels
Magnesium Wheels
High-Strength Steel Wheels
Passenger Cars
SUVs and Crossovers
Commercial Vehicles
Luxury Vehicles
Electric Vehicles
14-16 inches
17-19 inches
20-22 inches
23 inches and above
Cast Wheels
Forged Wheels
Rolled Wheels
Hybrid Wheels
Original Equipment Manufacturer (OEM)
Aftermarket
Fleet Operators
Leasing Companies
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 Metal 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 Automotive Metal Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Metal Wheel Market, By Type
6. Global Automotive Metal Wheel Market, By Application
7. Global Automotive Metal Wheel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Metal Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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