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Pulished Date February, 2020
ID: 8674
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Automotive Wheel Market by Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors), by Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle), by Vehicle Class (Economy, Mid-Priced, Luxury-Priced), by End-Use (OE, Aftermarket), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global Industry Size, Growth, Share, Value, Trends and Demand Forecast Report 2021-2026

Pulished: February, 2020
ID: 8674
Pages: 175

Market Overview:

The market for alloy wheels for automobiles is in a growth phase due to the growing demand for low friction tires that have the same strength as steel wheels and at the same time have high thermal stability and ductility. The alloy wheels for automobiles are made of a magnesium or aluminum alloy or a mixture of both. Alloy wheels for automobiles are lightweight wheels that improve the direction and speed of a car. Because aluminum or magnesium alloys are a good conductor of heat, automotive alloy wheels reduce heat dissipation from brakes and reduce the risk of brake failure in extreme driving conditions. The alloy wheels for automobiles have a complex geometry and meet a variety of design criteria, such as weight, style, performance, and manufacturing capacity. In the production of light-alloy wheels, factors such as the force/weight ratio and better fuel consumption are emphasized. The quality of alloy wheels has been tested and tested with advanced technologies to meet the requirements and standards of the automotive industry.

 Recent developments:

  • In June 2018, Accuride Wheels completed the acquisition of Mefro Wheels GmbH. This enabled the company to expand its presence in the European and Asian Pacific markets.
  • In December 2015, Ford redesigned its F-150 truck and integrated the vehicle into extremely durable and lightweight materials using Alcoa's patented Micromill technology.

Market value for Automotive Wheel Market and expected growth:

The vehicle wheel is a component that rotates and transmits the unit from the axle to the road. It also offers a way to place the tires. The wheel of the vehicle includes a rim, a spoke, and a bucket. The market for automotive wheels is expected to increase by 5.52% between 2021 and 2026. The automotive wheel market is expected to reach $ 32.87 billion in 2021 and reach $ 50.54 billion by 2026. The market is driven by better dynamics of vehicles with greater use of lightweight materials and increased production of vehicles.

Automotive Wheel Market Drivers & Restraints:

The growing demand for lightweight, corrosion-resistant alloy wheels is increasing due to changing weather conditions, which is a key factor driving the growth of the automotive alloy wheel market. Automotive alloy wheels are compatible with tubeless tires and also offer better brake grip. These are some of the benefits that are likely to increase the demand for automotive alloy wheels, which in turn will accelerate the growth of the automotive alloy wheel market in the coming years. The nominal reduction in fuel consumption and the precise handling of the steering are some of the other important factors that will drive the growth of the market for alloy wheels for automobiles.

The demand for vehicles equipped with heavy metal wheels is increasing in cold countries, as these wheels offer excellent slip resistance during snow or hail. It is estimated that this factor will hamper the growth of the market for alloy wheels for automobiles in the coming years.

In the current scenario, the preference for alloy wheels over factory-assembled tires has led to an increase in personalization activity, which, in turn, will boost sales in the aftermarket segment during the forecast period. It is expected that this factor will become a driver for the market of alloy wheels for automobiles. However, the volatility in the prices of raw materials hinders the growth of the market. In addition, it is expected that the lack of standardization in the manufacturing processes of the automotive wheel will restrict the market.

Market Taxonomy:

By Rim Size:

  • 13-15 inch
  • 16-18 inch
  • 19-21 inch
  • >21 inch

By Material:

  • Steel
  • Alloy
  • Carbon Fiber
  • Others

By Off-Highway:

  • Construction & Mining
  • Agriculture Tractors

By Vehicle Type:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Vehicle Class:

  • Economy
  • Mid-Priced
  • Luxury-Priced

By End-Use:

  • OE
  • Aftermarket

Regionally, the automotive wheel market can be segmented in North America, Europe, Asia, the Pacific, Latin America, the Middle East, and Africa. It is likely that the Asia-Pacific region dominates the world market and that high-volume vehicles have been produced in the region.

Key Market Players:

Iochpe-Maxion (Brazil)

Superior Industries International (US)

Accuride Corporation (US)

Steel Strips Wheels (India)

Hitachi Metals (Japan)

Enkei (Japan)

Citic Dicastal (China)

Zhejiang Wanfeng Auto Wheel (China)

Borbet (Germany)

Mangels Industrial (Brazil)

and Mefro Wheels (Germany)

Research Report Key Highlights:

  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Automotive Wheel Market, By Rim Size                        

                                6.1.1 13-15 inch

                                6.1.2 16-18 inch

                                6.1.3 19-21 inch

                                6.1.4 >21 inch    

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Automotive Wheel Market, By Material                        

                                6.2.1 Steel          

                                6.2.2 Alloy          

                                6.2.3 Carbon Fiber          

                                6.2.4 Others      

                                6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Automotive Wheel Market, By Off-Highway               

                                6.3.1 Construction & Mining       

                                6.3.2 Agriculture Tractors             

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Automotive Wheel Market, By Vehicle Type                               

                                6.4.1 Passenger Cars      

                                6.4.2 Light Commercial Vehicle  

                                6.4.3 Heavy Commercial Vehicle               

                                6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.5 Y-o-Y Growth Rate Analysis             

                                6.4.6 Market Attractiveness Index          

                6.5 Automotive Wheel Market, By Vehicle Class                               

                                6.5.1 Economic 

                                6.5.2 Mid-Priced              

                                6.5.3 Luxury-Priced        

                                6.5.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.5.5 Y-o-Y Growth Rate Analysis             

                                6.5.6 Market Attractiveness Index          

                6.6 Automotive Wheel Market, By End-Use                        

                                6.6.1 OEM          

                                6.6.2 Aftermarket           

                                6.6.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.6.4 Y-o-Y Growth Rate Analysis             

                                6.6.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              



                                7.2.2 By Rim Size              

                                7.2.3 By Material             

                                7.2.4 By Off-Highway     

                                7.2.5 By Vehicle Type    

                                7.2.6 By Vehicle Class    

                                7.2.7 By End-Use             

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Rim Size              

                                7.3.3 By Material             

                                7.3.4 By Off-Highway     

                                7.3.5 By Vehicle Type    

                                7.3.6 By Vehicle Class    

                                7.3.7 By End-Use             

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Rim Size              

                                7.4.3 By Material             

                                7.4.4 By Off-Highway     

                                7.4.5 By Vehicle Type    

                                7.4.6 By Vehicle Class    

                                7.4.7 By End-Use             

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Rim Size              

                                7.5.3 By Material             

                                7.5.4 By Off-Highway     

                                7.5.5 By Vehicle Type    

                                7.5.6 By Vehicle Class    

                                7.5.7 By End-Use             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Rim Size              

                                7.6.3 By Material             

                                7.6.4 By Off-Highway     

                                7.6.5 By Vehicle Type    

                                7.6.6 By Vehicle Class    

                                7.6.7 By End-Use             

8. Key Player Analysis                                    

                8.1 Iochpe-Maxion                         

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Superior Industries International                      

                8.3 Accuride Corporation                             

                8.4 Steel Strips Wheels                 

                8.5 Hitachi Metals                           

                8.6 Enkei                             

                8.7 Citic Dicastal               

                8.8 Zhejiang Wanfeng Auto Wheel                          

                8.9 Borbet                          

                8.10 Mangels Industrial                

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Rim Size, By Material, By Vehicle Type, By Vehicle Class and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Wheel Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Wheel Market By Rim Size, From 2021-2026 ( USD Billion )
  3. Global 13-15 inch Market By Region, From 2021-2026 ( USD Billion )
  4. Global 16-18 inch Market By Region, From 2021-2026 ( USD Billion )
  5. Global 19-21 inch Market By Region, From 2021-2026 ( USD Billion )
  6. Global >21 inch Market By Region, From 2021-2026 ( USD Billion )
  7. Global Automotive Wheel Market By Material, From 2021-2026 ( USD Billion )
  8. Global Steel Market By Region, From 2021-2026 ( USD Billion )
  9. Global Alloy Market By Region, From 2021-2026 ( USD Billion )
  10. Global Automotive Wheel Market By Steel, From 2021-2026 ( USD Billion )
  11. Global Alloy Market By Region, From 2021-2026 ( USD Billion )
  12. Global Carbon Fiber Market By Region, From 2021-2026 ( USD Billion )
  13. Global Others Market By Region, From 2021-2026 ( USD Billion )
  14. Global Automotive Wheel Market By Off-Highway, From 2021-2026 ( USD Billion )
  15. Global Construction & Mining Market By Region, From 2021-2026 ( USD Billion )
  16. Global Agriculture Tractors Market By Region, From 2021-2026 ( USD Billion )
  17. Global Automotive Wheel Market By Vehicle Type, From 2021-2026 ( USD Billion )
  18. Global Passenger Vehicle Market By Region, From 2021-2026 ( USD Billion )
  19. Global Light Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  20. Global Heavy Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  21. Global Automotive Wheel Market By Vehicle Class, From 2021-2026 ( USD Billion )
  22. Global Economic Market By Region, From 2021-2026 ( USD Billion )
  23. Global Mid-Priced Market By Region, From 2021-2026 ( USD Billion )
  24. Global Luxury-Priced Market By Region, From 2021-2026 ( USD Billion )
  25. Global Automotive Wheel Market By End-use, From 2021-2026 ( USD Billion )
  26. Global OEM Market By Region, From 2021-2026 ( USD Billion )
  27. Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )

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