Automotive Wheel Market by Material (Steel, Alloys) by Wheel Size (13-16, 17-20,>21) by Vehicle Type (LDV, HDV) by Vehicle-Category (Economy, Mid-Priced) by End User (OEM, Aftermarket) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024

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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. 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.

Automotive Wheel Market


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 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.

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.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million) Volume (Units)

Segments Included

Material, Wheel Size, Vehicle Type, Vehicle-Category, End User, and Region

Regional Coverage

Asia-Pacific, North America, Europe, South America, Middle East & Africa and South America

Companies Covered

  • ACCURIDE INTERNATIONAL INC. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Steel Strips Wheels Limited
  • Hitachi Metals, Ltd.
  • MAXION Wheels
  • HRE Wheels
  • Vossen Wheels
  • Other Key Companies

Automotive Wheel Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Automotive Wheel Market by Material

  • Steel
  • Aluminium
  • Alloys
  • Magnesium
  • Carbon fibre
  • Others

Automotive Wheel Market by Wheel Size

  • 13 inch – 16 inch
  • 17 inch – 20 inch
  • Above 21 inch

Automotive Wheel Market by Vehicle Type

  • Passenger Car
  • Light Duty Vehicle
  • Heavy Duty Vehicle

Automotive Wheel Market by Vehicle-Category

  • Economy Vehicles
  • Mid-Priced Vehicles
  • Luxury Vehicles

Automotive Wheel Market, by End User

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Automotive Wheel Market by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
    • Iran
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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 global 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?

Report Audience

  • Automotive Wheel Market Providers
  • Automotive Wheel Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Automotive wheel System Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms



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


2.1       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



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


5.1       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  


12.1     Introduction

12.2     Market Ranking/Share Analysis of Key Companies

12.3     Company Benchmarking



                                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


13.6     MAXION Wheels

13.7     MANGELS

13.8     HRE Wheels

13.9     RONAL GROUP

13.10  Vossen Wheels

13.11  Others


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




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Research Design

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.

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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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