Automotive Wheel Market Overviews

Maximize Market Research is an Automotive Wheel# research firm that has published a detailed analysis of the “Automotive Wheel Market”. MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Automotive Wheel market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Automotive Wheel Market Scope and Methodology:

The automotive wheel market was estimated to be worth US$ 42.31 billion in 2023. From 2024 to 2030, it is anticipated that overall automotive wheel revenue would increase at a rate of 5.9%, or close to US$ 63.21 billion.
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Automotive Wheel Market Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Automotive Wheel market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Automotive Wheel market status of the various countries featured in the research is provided by the Regional Analysis.

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Automotive Wheel Market Segmentation

by Rim Size

13"-15"
16"-18"
19"-21"
Above 21"
by Material

Alloy
Steel
Aluminum
Carbon Fiber
Other

Over the course of the projection period, the alloy segment is anticipated to increase at a CAGR of 4.8%. Alloy wheels are sometimes purchased for aesthetic reasons (visible repairs), despite the fact that the poorer alloys are usually not resistant to corrosion. Adopting attractive bare-metal finishes—which need to be protected with paint or wheel covers—is made possible by alloys. The wheels in use may rust after three to five years even if they are adequately covered, although refurbishing is now commonly accessible at a cost. If appropriate safety procedures are not taken, alloy wheels' propensity for galvanic corrosion may result in tire air leakage. Additionally, alloy wheels are more difficult to repair when bent than steel wheels, but overall, repairs are less expensive than replacements due to their higher price.
by Vehicle

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
by End-User Original Equipment Manufacturer (OEM)
Aftermarket

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Automotive Wheel Market Key Players

1. MAXION Wheels (Germany)
2. Borbet GmbH (Germany)
3. Uniwheels (Germany)
4. BBS Kraftfahrzeugtechnik AG. (Germany)
5. Thyssenkrupp AG (Germany)
6. CITIC Dicastal Co., Ltd. (China)
7. Zhejiang Wanfeng Auto Wheel (China)
8. LIZHONG WHEEL GROUP (China)
9. Superior Industries International (US)
10. Accuride Corporation (US)
11. MHT Luxury Wheels (US)
12. Status Wheels, Inc. (US)
13. Wheel Pros, LLC (US)
14. Fuel Off-Road Wheels (US)
15. SOTA Offroad (US)
16. Forgiato Wheels (US)
17. KONIG AMERICAN (US)
18. LKQ Corporation (US)
19. HRE Performance Wheels (US)
20. Vossen Wheels (US)
21. ALCOA WHEELS (US)
22. Steel Strips Wheels Ltd. (India)
23. Enkei Wheels India Ltd. (India)
24. Hitachi Metals (Japan)
25. TOPY INDUSTRIES (Japan)
26. Mangels Industrial (Brazil)
27. Ronal AG (Switzerland)
28. CMWheels (UK)
29. Alcar Holding GmbH (Austria)

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Key questions answered in the Automotive Wheel Market are:

• What is Automotive Wheel?
• What was the Automotive Wheel market size in 2023?
• What is the growth rate of the Automotive Wheel Market?
• Which are the factors expected to drive the Automotive Wheel market growth?
• What are the different segments of the Automotive Wheel Market?
• What growth strategies are the players considering to increase their presence in Automotive Wheel?
• What are the upcoming industry applications and trends for the Automotive Wheel Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Wheel Market?
• Who are the leading companies and what are their portfolios in Automotive Wheel Market?
• What segments are covered in the Automotive Wheel Market?
• Who are the key players in the Automotive Wheel market?

 Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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