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. Demand for 3D printed wheels and demand for two-piece wheels is expected to become an opportunity for automotive wheel market.
Automotive wheel is an important part of any automotive machine which rotate and transmits the drive from the axle to the load. Wheels should be strong enough to support the vehicle and with stand the forces caused by normal operation. It can be made from aluminium alloy or magnesium alloy. Alloy wheels are expected to dominate the automotive wheels during the forecast period. The three basic elements of a wheel are hub, spokes and rim. Some key players in automotive wheel are Accuride International Inc., Steel Strips Wheels Limited, Hitachi Metals, Ltd., Borbet Gmbh and Wheelpros LLC among others.
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 automotive wheel market can be segmented into 13 inch – 16 inch, 17 inch – 20 inch and above 21 inch. Based on vehicle type, the automotive wheel 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.
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.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Material, Wheel Size, Vehicle Type, Vehicle-Category, End User, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, South America, Middle East & Africa and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Automotive Wheel Market by Material
Automotive Wheel Market by Wheel Size
Automotive Wheel Market by Vehicle Type
Automotive Wheel Market by Vehicle-Category
Automotive Wheel Market, by End User
Automotive Wheel Market by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increasing Demand of Light Weight Wheels
4.2.2. Demand for Aluminum Material in Automotive Industry
4.2.3. Increasing Vehicle Sales in Immerging Economies
4.3 Restraints
4.3.1 High Price of Carbon Fiber Wheel
4.4 Opportunities
4.4.1 Demand for 3D Printed Wheels
4.4.2 Demand for Two-Piece Wheels
4.5 Challenges
4.5.1 High Cost of Customization Wheels
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE WHEEL MARKET BY MATERIAL, Market Size in USD Million and Units (2017—2024)
6.1 Introduction
6.2 Steel
6.3 Aluminum
6.4 Alloys
6.5 Magnesium
6.6 Carbon fiber
6.7 Others
7 AUTOMOTIVE WHEEL MARKET BY WHEEL SIZE, Market Size in USD Million and Units (2017—2024)
7.1 Introduction
7.2 13 inch – 16 inch
7.3 17 inch – 20 inch
7.4 Above 21 inch
8 AUTOMOTIVE WHEEL MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2017—2024)
8.1 Introduction
8.2 Passenger Car
8.3 Light Duty Vehicle (LDV)
8.4 Heavy Duty Vehicle (HDV)
9 AUTOMOTIVE WHEEL MARKET BY VEHICLE-CATEGORY, Market Size in USD Million and Units (2017—2024)
9.1 Introduction
9.2 Economy Vehicles
9.3 Mid-Priced Vehicles
9.4 Luxury Vehicles
10 AUTOMOTIVE WHEEL MARKET BY END-USER, Market Size in USD Million and Units (2017—2024)
10.1 Introduction
10.2 Original Equipment Manufacturer (OEM)
10.3 Aftermarket
11 AUTOMOTIVE WHEEL MARKET BY REGION, Market Size in USD Million and Units (2017—2024)
11.1 North America
11.1.1 US
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 Germany
11.2.2 UK
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia
11.3.6 Rest of Asia-Pacific
11.4 Middle East & Africa
11.4.1 Iran
11.4.2 Saudi Arabia
11.4.3 UAE
11.4.4 Rest of Middle East & Africa
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South America
12 COMPETITIVE LANDSCAPE
12.1 Introduction
12.2 Market Ranking/Share Analysis of Key Companies
12.3 Company Benchmarking
13 COMPANY PROFILES
13.1 ACCURIDE INTERNATIONAL INC.
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Solutions/Services Offered
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.2 Steel Strips Wheels Limited
13.3 Hitachi Metals, Ltd.
13.4 BORBET GmbH
13.5 WHEELPROS LLC
13.6 MAXION Wheels
13.7 MANGELS
13.8 HRE Wheels
13.9 RONAL GROUP
13.10 Vossen Wheels
13.11 Others
14 APPENDIX
14.1 Key Industry Expert Insights
14.2 Primary Discussion Guide
14.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
