AUTOMOTIVE WHEEL MARKET TO REACH USD 25.2 BILLION IN 2024 | CAGR 4.1% – FORENCIS RESEARCH
Automotive Wheel Market: Summary
The Global automotive wheel market is estimated to reach USD 25.2 Billion in 2024 at a CAGR of 4.1%. Increasing demand of light weight wheels, demand for aluminum material in automotive industry and increasing vehicle sales in immerging economies is expected to drive the automotive wheel market during the forecast period. However, high price of carbon fiber wheel are expected to restrain the market during the forecast period.
Automotive Wheel Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global automotive wheel market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the the basis of material, the automotive wheel market is segmented into steel, aluminim, alloys, magnesium, carbon fiber and others. Based on wheel size, the global market can be segmented into 13 inch – 16 inch, 17 inch – 20 inch and above 21 inch. Based on vehicle type, the global market can be segmented into passenger car, light duty vehicle (LDV) and heavy duty vehicle (HDV). Based on vehicle-category, the automotive wheel market can be segmented into economy vehicles, mid-priced vehicles and luxury vehicles. The segmentation by end user includes original equipment manufacturer (OEM) and aftermarket. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Automotive Wheel Market: Report Scope
The report on the automotive wheel market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million) Volume (Units)
Material, Wheel Size, Vehicle Type, Vehicle-Category, End User, and Region
Asia-Pacific, North America, Europe, South America, Middle East & Africa and South America
- ACCURIDE INTERNATIONAL INC. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Steel Strips Wheels Limited
- Hitachi Metals, Ltd.
- BORBET GmbH
- WHEELPROS LLC
- MAXION Wheels
- HRE Wheels
- RONAL GROUP
- Vossen Wheels
- Other Key Companies
Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of automotive wheel market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
- Automotive Wheel Market Providers
- Automotive Wheel Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Automotive Wheel Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
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Key Questions Answered by the Report
- Major factors impacting the market and its growth
- Evolving Types of the various products in the Market
- Evolving Application of the various products in the Market
- Growing countries in the Global Market
- Effects of the developments in the market on the industry and on the market players
- Key market developments undertaken by the leading players
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