The global automotive wheel market was USD 50.25 billion in 2018 and is estimated to reach USD 66.72 billion by 2025 at a CAGR of 4.13% during the forecast period
Growth by Region
Asia Pacific leads the market owing to the rise in vehicle production in countries such as China and India. Europe and North America, on the other hand, are also anticipated to be promising markets due to the increasing vehicle production in the respective regions.
Drivers vs Constraints
The global automotive wheel market is mainly driven by rising demand for vehicle weight reduction, improved vehicle dynamics for complying with stringent emission norms and also growing vehicle production. However, the market is hindered by the engineering barriers and the high price of carbon fibers.
Industry Trends and Updates
Maxion wheels, a US-based company had planned to open new passenger aluminum wheel plant in Pune, India as a key step to develop and produce up to four million lightweight aluminum wheels annually in India. In addition to that, an additional land was also purchased for a plant expansion which will help increase its annual capacity to four million wheels in the upcoming years.
Accuride Corporation, a US-based company completed the acquisition of Mefro Wheels GmBH, a company which supplies steel wheels mainly to the European and Asian automotive, commercial as well as constructional and agricultural equipment industries.
Global Automotive Wheel Market – by Material, Off Highway, Vehicle Type, Vehicle Class, End Use, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
1. Research Methodology
2. Executive Summary
3. Market Overview
3.1. Definition
3.2. Industry Value Chain Analysis
3.3. Porter's 5 Forces
3.4. Regulations
4. Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Constraints
4.4. Trends
5. Global Automotive Wheel Market Segmentation, Forecasts and Trends - by Material
5.1. Steel
5.2. Alloy
5.3. Carbon Fiber
5.4. Others
6. Global Automotive Wheel Market Segmentation, Forecasts and Trends - by Off Highway
6.1. Construction and Mining Equipment
6.2. Agriculture Tractors
7. Global Automotive Wheel Market Segmentation, Forecasts and Trends - by Vehicle Type
7.1. Passenger Vehicle
7.2. LCV
7.3. HCV
8. Global Automotive Wheel Market Segmentation, Forecasts and Trends - by Vehicle Class
8.1. Economy
8.2. Mid Price
8.3. Luxury
9. Global Automotive Wheel Market Segmentation, Forecasts and Trends - by End Use
9.1. Aftermarket
9.2. OEM
10. Global Automotive Wheel Market Segmentation, Forecasts and Trends - by Region
10.1. North America
10.1.1. U.S.
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. UK
10.2.2. France
10.2.3. Germany
10.2.4. Italy
10.2.5. Others
10.3. Asia Pacific
10.3.1. India
10.3.2. China
10.3.3. Japan
10.3.4. Australia
10.3.5. Others
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Others
10.5. Middle East and Africa
10.5.1. South Africa
10.5.2. UAE
10.5.3. Saudi Arabia
10.5.4. Egypt
10.5.5. Others
11. Competitive Intelligence
11.1. Company Market Share Analysis
11.2. Industry M&As, Consolidations
12. Company Profiles
12.1. Iochpe-Maxion
12.2. Superior Industries International
12.3. Accuride Corporation
12.4. Steel Strips Wheels
12.5. Hitachi Metals
12.6. Weds
12.7. Enkei
12.8. Changchun Faway Automobile Components Co., Ltd.
12.9. Citic Dicastal
12.10. Zhejiang Wanfeng Auto Wheel
12.11. Borbet
12.12. Topy Industries
12.13. Titan International, Inc
12.14. Mangels Industrial
12.15. Rays
12.16. Mefro Wheels
12.17. Ronal
12.18. Alcar
12.19. Thyssenkrupp
12.20. Kalink
12.21. Vossen Wheels
12.22. HRE Wheels
12.23. Others
13. Investment Opportunities