Us Saloon Wheel Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Saloon Wheel Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 18.2 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The US Saloon Wheel Market has seen a significant rise in demand over recent years, driven by a growing interest in saloon cars, especially in urban areas. These wheels, designed specifically for passenger vehicles, contribute to enhanced aesthetics, performance, and overall driving experience. The market's expansion is largely attributed to evolving consumer preferences for customization and the increasing number of vehicles on the road. With the saloon vehicle segment accounting for a substantial portion of the automotive industry, the demand for high-quality wheels is expected to continue growing.
In 2024, it was estimated that the US Saloon Wheel Market would reach a valuation of over $5 billion. This surge is linked to a blend of factors including technological advancements in wheel manufacturing, improved materials, and the growing demand for premium vehicles. Consumers are now more inclined to choose wheels that not only enhance the vehicle’s appearance but also improve safety and fuel efficiency. Brands such as American Racing, BBS, and Enkei are seeing increased sales due to their reputation for quality and durability.
Statistics reveal that the US automotive industry has witnessed a 3% increase in saloon car sales year-over-year, further boosting the need for specialized wheels. Additionally, advancements in the manufacturing of lightweight wheels, which offer better fuel efficiency and handling, have become a significant market trend. These wheels are now being engineered using advanced alloys and composites, making them more durable and corrosion-resistant than ever before.
Another driving factor in the market's growth is the shift towards electric and hybrid saloon cars. With new technologies like 100 Gigabit Fiber Optic Transceiver Market creating smarter automotive systems, wheels are now designed to integrate with these advanced vehicle features. This trend is paving the way for further innovation in the US Saloon Wheel Market, bringing more sustainable and efficient products to the forefront of the industry.
Moreover, the trend of vehicle customization among younger drivers has led to an increase in demand for aftermarket saloon wheels. Online retailers, such as Tire Rack and Discount Tire, are capitalizing on this trend by offering a wide range of options. Consumers can now easily select and purchase wheels that fit their personal style and vehicle needs, contributing to the overall market's expansion.
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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
Passenger Cars
Light Commercial Vehicles
Heavy-Duty Trucks
Sports Cars
Luxury Vehicles
Aluminum Alloy
Steel
Carbon Fiber
Magnesium
Plastic Composites
Small Wheels (15 inches or less)
Medium Wheels (16-18 inches)
Large Wheels (19-21 inches)
Performance Wheels (22 inches and above)
Alloy Wheels
Steel Wheels
Custom Wheels
Racing Wheels
OEM (Original Equipment Manufacturer) Wheels
Individual Consumers
Fleet Owners
Automobile Manufacturers
Repair Shops and Garages
Online Retailers
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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