Automotive Wheels Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028, Segmented By Material (Carbon Fibers, Steel, Alloy and Others); By Vehicle Type (Off-Road (Construction and Mining Equipment, Agriculture Tractors etc.) and On-Road (Passenger and Commercial Vehicle)); By End-User (OEM (Original Equipment Manufacturer) and Aftermarkets); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa)

  • Published Date: May 2022
  • Report ID: BWC22148
  • Available Format: PDF
  • Page: 240

Report Overview

The growth of the global automotive wheels market can be primarily attributed to the escalation in demand for wheels due to increase in vehicle sales and production around the globe. This, in turn, is expected to enhance automobile wheel production. Vehicle manufacturers have increased expenditure in research and development to improve vehicle fuel efficiency which is expected to drive the global automotive wheel market during the forecast period...

Global Automotive Wheels Market - Industry Trends & Forecast Report 2028

The global automotive wheels market was worth USD 28,763.9 Million in 2021, and it is further projected to reach USD 46,173.3 Million by 2028, at a CAGR of 7.2% during 2022-2028 (forecast period). This can be ascribed to the escalation in demand for wheels due to the increase in vehicle sales and production around the globe. This, in turn, is expected to enhance automobile wheel production. Moreover, the vehicle manufacturers have increased expenditure on research and development to improve vehicle fuel efficiency, which is expected to drive the global automotive wheel market during the forecast period.

Automotive Wheels Market

Automotive Wheels Overview

Wheels were invented in 3500 BC, and since then, these circular structures have taken up various designs and styles. Due to these circular structures, a car can move from one point to another due to the rotary motion generated by them. Therefore, wheels are an indispensable part of any automobile. A wheel is a solid disc or a circular metal frame with spokes set on a wheel hub. A vehicle tire is mounted on the wheel frame, also known as the rim or alloy wheel. The wheel comprises quite a few parts that play diverse roles to guarantee it functions as projected. The wheel is an essential element of a vehicle, and its demand is closely related to the automotive industry.

Global Automotive Wheels Market Trends

Growth Driver

Growing Vehicle Production

The comeback in overall sales and output as economies opened up again in the automotive sector continued into 2021 until several roadblocks in the recovery path emerged, depressing vehicle markets - particularly in the second half of the year. Global electric vehicle manufacturing is expected to reach 28 million units by 2031, accounting for 26% of the overall light vehicle market.

In 2021, global vehicle (car) sales increased to roughly 66.7 million units, up from around 63.8 million units in 2020. The sector saw a declining trend in 2020 compared to 2019, as the global economy slowed with the coronavirus pandemic spreading across all major economies. The growing vehicle production directly impacts the output of the automotive wheels. If every vehicle consists of five wheels (including a standby tire), it sums up the industry's significant production of automotive wheels. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of all vehicles increased from 18.03 million from January to March 2020 to 21.08 million from January to March 2021. Thus, the rising vehicle production is expected to boost the demand for automotive wheels during the forecast period.

The rising production of automotive vehicles can be attributed to the burgeoning demand created due to the growing population and disposable income of middle-class consumers. For instance, North America is home to the world's top vehicle manufacturers, such as General Motors and Ford, which account for 25% of worldwide vehicle manufacturing. Thus, propelling the demand for automotive wheels over the forecast period.

With respect to their production and supply base footprints, supply chains, and product range, original equipment manufacturers in growing regions such as China, India, and Japan adjust to changes in regional and segment patterns of supply and demand. Consumer demand for vehicles is boosted by factors such as increased urbanization and population growth rise in disposable income of middle-class people. Thus, the growing demand as well as rising production of vehicles, in turn, is expected to propel the market growth of the global automotive wheel market during the forecast period 2022-2028.

Increased Adoption of Carbon Fiber and Other Lightweight Materials in Automotive Industry

The weight of an automobile improves the vehicle's fuel consumption capacity, and it also limits its ability to move quickly. As a result, the car industry's growth is hindered. Steel was initially replaced by aluminum, but OEMs now use carbon-fiber-reinforced polymers (CFRP) technologies for manufacturing automotive equipment. These materials offer even more weight savings while having a greater specific stiffness. The increasing adoption of carbon fibers and other lightweight materials is expected to propel the global automotive wheels market during the forecast period 2022-2028.

Restraints

Volatility in Prices of Raw Materials

One of the significant concerns regarding the market growth of the global automotive wheels market pertains to the escalating volatility in the prices of raw materials. The raw material prices for tires, wheels, and rubber items are becoming more volatile. The demand for various materials used in the manufacture of automotive wheels has increased significantly over the years. The availability of raw materials used in automobile components, including aluminum, steel, magnesium, and others, is always changing. The excessive use of raw materials in the manufacturing of vehicle wheels resulted in their shrinking. For example, fluctuating raw material prices in the EV battery manufacturing industry stifles the market growth.

Impact of COVID-19 on the Global Automotive Wheels Market

The Covid-19 had a negative impact on the automotive wheel market. The global drop in vehicle sales in 2020 due to pandemic lockdowns and restrictions had a substantial influence on global sales of automotive wheels. During the pandemic, disruptions in international supply chains for crucial components used in automobile wheels hampered the worldwide automotive wheels market size. In 2020, China's new vehicle sales downturn decreased to a 2% drop overall, with a 6% drop in passenger vehicles offset by a 19% increase in commercial vehicle sales. This, in turn, had an impact on global automotive wheel production. However, the market is expected to recover soon as the global economy aims to attain normalcy.

Automotive Wheels Market Share

Global Automotive Wheels Market – By Material

The automotive wheel market is segmented into carbon fiber, steel, alloy, and others based on the material. With the largest market share in 2021, the alloy segment dominated the global automotive wheel market. This is due to a rise in demand for lightweight vehicles to enhance vehicle fuel economy and conform to the stringent emission norms enacted throughout the world. The worldwide automotive wheel market is likely to be driven by major automobile manufacturers' use of alloy wheels to improve vehicle dynamics. Moreover, carbon fiber and other categories are expected to grow at a significant rate in the industry. The carbon fiber and other wheel markets are likely to be driven by rising demand for high-performance vehicles and technological advancements in material composition.

 

Global Automotive Wheels Market – By Vehicle Type

The global automotive wheel market is bifurcated into off-road and on-road vehicles based on vehicle type. The off-road segment comprises construction and mining equipment, agriculture tractors, etc., while the on-road vehicles segment comprises commercial and passenger vehicles. Amidst the segmentation, the on-road segment accounted for the largest market share in 2021 (by value), owing to passenger car sales and production increases. Also, the growing innovations by important OEMs to advance passenger cars' efficiency and driving quality is likely to encourage the market growth of automotive wheel in the on-road vehicles segment. Furthermore, due to people's increased purchasing power in developing economies such as China and India, the demand for premium and luxury vehicles has expanded.

Global Automotive Wheels Market- Regional Insights                                       

Geographically, the global automotive wheels market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Amidst the segmentation, the Asia-Pacific automotive wheel market catered the largest market share in terms of value and volume in 2021. The high urbanization rate and the rising spending power of citizens from economies including India, China, Thailand, and Indonesia are poised to amplify the regional market penetration. The regional market is making huge capital investments. Moreover, the availability of a low-cost workforce and support for automotive manufacturing activities is nurturing the wheel's demand. The factors mentioned above are propelling the market growth rate of the automotive wheels market in the Asia-Pacific region.

 

Competitive Landscape

The global automotive wheels market is characterized by many local, regional, and global vendors. The key players operating in the global Automotive Wheels market are Hitachi Metals, Steel Strips Wheels, American Eagle Wheels, Arconic, CLN Group, Topy Industries Sensus, BBS Alloy Wheel, BORBET GmbH., CITIC Dicastal Wheel Manufacturing Co., Thyssenkrupp, MAXION Wheels, Foshan Nanhai, Zhongnan Aluminum Wheel Co., Ltd, MHT Luxury Wheels., TSW Wheels and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers. Different strategies are adopted, like engaging in strategic alliances, agreements, mergers, and collaborations.

 

Recent Developments

 

  • February 2022: Global tire and wheel assembler Taskmaster Components announced a three-year supply extension agreement with the wheel manufacturer Maxion Wheels. Taskmaster Components introduced the Vesper by Maxion in 2020, a complete group of high-end steel trailer wheels manufactured by Maxion Wheels

 

  • October 2021: The two leading companies, Wheels Inc. and Donlen LLC announced a merger with Athene, an industry-leading financial services company, as the primary stakeholder. This merger is believed to be highly complementary that will allow a single entity to provide improved mobility products and solutions across some of the most eminent small-, medium-, and large-size fleets.

Scope of Report:

     

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Volume in Million Units
Market Coverage United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Product/Service Segmentation By material, by vehicle type, by end-user and by region
Key Players The key players operating in the global Automotive Wheels market are Hitachi Metals, Steel Strips Wheels, American Eagle Wheels, Arconic, CLN Group, Topy IndustriesSensus, BBS Alloy Wheel, BORBET GmbH., CITIC Dicastal Wheel Manufacturing Co., Thyssenkrupp, MAXION Wheels, Foshan Nanhai, Zhongnan Aluminum Wheel Co., Ltd, MHT Luxury Wheels., TSW Wheels and other prominent players.

 

By Materials

  • Carbon Fiber
  • Steel
  • Alloy
  • Others

By Vehicle Type

  • Off-Road (Construction and Mining Equipment, Agriculture Tractors etc.)
  • On-Road (Passenger and Commercial Vehicle)

By End-User

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

By Region

      •  
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Automotive Wheel Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Automotive Wheel Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Material
        1. Carbon Fiber
        2. Steel
        3. Alloy
        4. Others
      2. By Vehicle Type
        1. Off-Road (Construction and Mining Equipment, Agriculture Tractors etc.)
        2. On-Road (Passenger and Commercial Vehicle)
      3. By End-User
        1. OEM (Original Equipment Manufacturer)
        2. Aftermarket
      4. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Automotive Wheel Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Material
      2. By Vehicle Type
      3. By End User
      4. By Country
        1. United States
        2. Canada
  7. Europe Automotive Wheel Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Material
      2. By Vehicle Type
      3. By End User
      4. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. The Asia Pacific Automotive Wheel Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Material
      2. By Vehicle Type
      3. By End User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Automotive Wheel Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Material
      2. By Vehicle Type
      3. By End User
      4. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. The Middle East & Africa Automotive Wheel Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Material
      2. By Vehicle Type
      3. By End User
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  12. Supplier Analysis
  13. Impact of Covid-19 on Global Automotive Wheel Industry
  14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Hitachi Metals
    2. Steel Strips Wheels
    3. American Eagle Wheels
    4. Arconic
    5. CLN Group
    6. Topy IndustriesSensus
    7. BBS Alloy Wheel
    8. BORBET GmbH.
    9. CITIC Dicastal Wheel Manufacturing Co.
    10. Thyssenkrupp
    11. MAXION Wheels
    12. Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd
    13. MHT Luxury Wheels.
    14. TSW Wheels
    15. Other prominent players
  15. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List Of Figures

 

Figure 1: Global Automotive Wheels Market Segmentation

Figure 2: Global Automotive Wheels Industry Value Chain Analysis

Figure 3: Global Automotive Wheels Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Automotive Wheels Market Size, By Volume (Million Units), 2018-2028

Figure 5: Global Automotive Wheels Market Share (%), By Material, By Value, 2018-2028

Figure 6: Global Automotive Wheels Market Share (%), By Material, By Volume, 2018-2028

Figure 7: Global Automotive Wheels Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 8: Global Automotive Wheels Market Share (%), By Vehicle Type, By Volume, 2018-2028

Figure 9: Global Automotive Wheels Market Share (%), By End-User, By Value, 2018-2028

Figure 10: Global Automotive Wheels Market Share (%), By End-User, By Volume, 2018-2028

Figure 11: Global Automotive Wheels Market Share (%), By Region, By Value, 2018-2028

Figure 12: Global Automotive Wheels Market Share (%), By Region, By Volume, 2018-2028

Figure 13: North America Automotive Wheels Market Size, By Value (USD Million), 2018-2028

Figure 14: North America Automotive Wheels Market Size, By Volume (Million Units), 2018-2028

Figure 15: North America Automotive Wheels Market Share (%), By Material, By Value, 2018-2028

Figure 16: North America Automotive Wheels Market Share (%), By Material, By Volume, 2018-2028

Figure 17: North America Automotive Wheels Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 18: North America Automotive Wheels Market Share (%), By Vehicle Type, By Volume, 2018-2028

Figure 19: North America Automotive Wheels Market Share (%), By End-User, By Value, 2018-2028

Figure 20: North America Automotive Wheels Market Share (%), By End-User, By Volume, 2018-2028

Figure 21: North America Automotive Wheels Market Share (%), By Country, By Value, 2018-2028 

Figure 22: North America Automotive Wheels Market Share (%), By Country, By Volume, 2018-2028 

Figure 23: Europe Automotive Wheels Market Size, By Value (USD Million), 2018-2028

Figure 24: Europe Automotive Wheels Market Size, By Volume (Million Units), 2018-2028

Figure 25: Europe Automotive Wheels Market Share (%), By Material, By Value, 2018-2028

Figure 26: Europe Automotive Wheels Market Share (%), By Material, By Volume, 2018-2028

Figure 27: Europe Automotive Wheels Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 28: Europe Automotive Wheels Market Share (%), By Vehicle Type, By Volume, 2018-2028

Figure 29: Europe Automotive Wheels Market Share (%), By End-User, By Value, 2018-2028

Figure 30: Europe Automotive Wheels Market Share (%), By End-User, By Volume, 2018-2028

Figure 31: Europe Automotive Wheels Market Share (%), By Country, By Value, 2018-2028

Figure 32: Europe Automotive Wheels Market Share (%), By Country, By Volume, 2018-2028

Figure 33: The Asia-Pacific Automotive Wheels Market Size, By Value (USD Million), 2018-2028

Figure 34: The Asia-Pacific Automotive Wheels Market Size, By Volume (Million Units), 2018-2028

Figure 35: The Asia-Pacific Automotive Wheels Market Share (%), By Material, By Value, 2018-2028

Figure 36: The Asia-Pacific Automotive Wheels Market Share (%), By Material, By Volume, 2018-2028

Figure 37: The Asia-Pacific Automotive Wheels Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 38: The Asia-Pacific Automotive Wheels Market Share (%), By Vehicle Type, By Volume, 2018-2028

Figure 39: The Asia-Pacific Automotive Wheels Market Share (%), By End-User, By Value, 2018-2028

Figure 40: The Asia-Pacific Automotive Wheels Market Share (%), By End-User, By Volume, 2018-2028

Figure 41: The Asia-Pacific Automotive Wheels Market Share (%), By Country, By Value, 2018-2028

Figure 42: The Asia-Pacific Automotive Wheels Market Share (%), By Country, By Volume, 2018-2028

Figure 43: Latin America Automotive Wheels Market Size, By Value (USD Million), 2018-2028

Figure 44: Latin America Automotive Wheels Market Size, By Volume (Million Units), 2018-2028

Figure 45: Latin America Automotive Wheels Market Share (%), By Material, By Value, 2018-2028

Figure 46: Latin America Automotive Wheels Market Share (%), By Material, By Volume, 2018-2028

Figure 47: Latin America Automotive Wheels Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 48: Latin America Automotive Wheels Market Share (%), By Vehicle Type, By Volume, 2018-2028

Figure 49: Latin America Automotive Wheels Market Share (%), By End-User, By Value, 2018-2028

Figure 50: Latin America Automotive Wheels Market Share (%), By End-User, By Volume, 2018-2028

Figure 51: Latin America Automotive Wheels Market Share (%), By Country, By Value, 2018-2028

Figure 52: Latin America Automotive Wheels Market Share (%), By Country, By Volume, 2018-2028

Figure 53: The Middle East & Africa Automotive Wheels Market Size, By Value (USD Million), 2018-2028

Figure 54: The Middle East & Africa Automotive Wheels Market Size, By Volume (Million Units), 2018-2028

Figure 55: The Middle East & Africa Automotive Wheels Market Share (%), By Material, By Value, 2018-2028

Figure 56: The Middle East & Africa Automotive Wheels Market Share (%), By Material, By Volume, 2018-2028

Figure 57: The Middle East & Africa Automotive Wheels Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 58: The Middle East & Africa Automotive Wheels Market Share (%), By Vehicle Type, By Volume, 2018-2028

Figure 59: The Middle East & Africa Automotive Wheels Market Share (%), By End-User, By Value, 2018-2028

Figure 60: The Middle East & Africa Automotive Wheels Market Share (%), By End-User, By Volume, 2018-2028

Figure 61: The Middle East & Africa Automotive Wheels Market Share (%), By Country, By Value, 2018-2028

Figure 62: The Middle East & Africa Automotive Wheels Market Share (%), By Country, By Volume, 2018-2028

Figure 63: Global Automotive Wheels Market Share Analysis, 2021

 

List Of Tables

 

Table 1: Global Automotive Wheels Market Size, By Material, By Value (USD Million), 2018-2028

Table 2: Global Automotive Wheels Market Size, By Material, By Volume (Million Units), 2018-2028

Table 3: Global Automotive Wheels Market Size, By Vehicle Type, By Value (USD Million), 2018-2028

Table 4: Global Automotive Wheels Market Size, By Vehicle Type, By Volume (Million Units), 2018-2028

Table 5: Global Automotive Wheels Market Size, By End-User, By Value (USD Million), 2018-2028

Table 6: Global Automotive Wheels Market Size. By Region, By Value (USD Million), 2018-2028

Table 7: Global Automotive Wheels Market Size. By Region, By Volume (Million Units), 2018-2028

Table 8: North America Automotive Wheels Market Size, By Material, By Value (USD Million), 2018-2028

Table 9: North America Automotive Wheels Market Size, By Material, By Volume (Million Units), 2018-2028

Table 10: North America Automotive Wheels Market Size, By Vehicle Type, By Value (USD Million), 2018-2028

Table 11: North America Automotive Wheels Market Size, By Vehicle Type, By Volume (Million Units), 2018-2028

Table 12: North America Automotive Wheels Market Size, By End-User, By Value (USD Million), 2018-2028

Table 13: North America Automotive Wheels Market Size, By End-User, By Volume (Million Units), 2018-2028

Table 14: 28 North America Automotive Wheels Market Size (USD Million), By Country, By Value 2018-2028 

Table 15: North America Automotive Wheels Market Size (Million Units), By Country, By Volume 2018-2028 

Table 16: Europe Automotive Wheels Market Size, By Material, By Value (USD Million), 2018-2028

Table 17: Europe Automotive Wheels Market Size, By Material, By Volume (Million Units), 2018-2028

Table 18: Europe Automotive Wheels Market Size, By Vehicle Type, By Value (USD Million), 2018-2028

Table 19: Europe Automotive Wheels Market Size, By Vehicle Type, By Volume (Million Units), 2018-2028

Table 20: Europe Automotive Wheels Market Size, By End-User, By Value (USD Million), 2018-2028

Table 21: Europe Automotive Wheels Market Size, By End-User, By Volume (Million Units), 2018-2028

Table 22: 40 Europe Automotive Wheels Market Size (USD Million), By Country, By Value 2018-2028 

Table 23: Europe Automotive Wheels Market Size (Million Units), By Country, By Volume 2018-2028 

Table 24: The Asia-Pacific Automotive Wheels Market Size, By Material, By Value (USD Million), 2018-2028

Table 25: The Asia-Pacific Automotive Wheels Market Size, By Material, By Volume (Million Units), 2018-2028

Table 26: The Asia-Pacific Automotive Wheels Market Size, By Vehicle Type, By Value (USD Million), 2018-2028

Table 27: The Asia-Pacific Automotive Wheels Market Size, By Vehicle Type, By Volume (Million Units), 2018-2028

Table 28: The Asia-Pacific Automotive Wheels Market Size, By End-User, By Value (USD Million), 2018-2028

Table 29: The Asia-Pacific Automotive Wheels Market Size, By End-User, By Volume (Million Units), 2018-2028

Table 30: 52 The Asia-Pacific Automotive Wheels Market Size (USD Million), By Country, By Value 2018-2028 

Table 31: The Asia-Pacific Automotive Wheels Market Size (Million Units By Country, By Volume 2018-2028 

Table 32: Latin America Automotive Wheels Market Size, By Material, By Value (USD Million), 2018-2028

Table 33: Latin America Automotive Wheels Market Size, By Material, By Volume (Million Units), 2018-2028

Table 34: Latin America Automotive Wheels Market Size, By Vehicle Type, By Value (USD Million), 2018-2028

Table 35: Latin America Automotive Wheels Market Size, By Vehicle Type, By Volume (Million Units), 2018-2028

Table 36: Latin America Automotive Wheels Market Size, By End-User, By Value (USD Million), 2018-2028

Table 37: Latin America Automotive Wheels Market Size, By End-User, By Volume (Million Units), 2018-2028

Table 38: Latin America Automotive Wheels Market Size (USD Million), By Country, By Value 2018-2028 

Table 39: Latin America Automotive Wheels Market Size (Million Units), By Country, By Volume 2018-2028 

Table 40: The Middle East & Africa Automotive Wheels Market Size, By Material, By Value (USD Million), 2018-2028

Table 41: The Middle East & Africa Automotive Wheels Market Size, By Material, By Volume (Million Units), 2018-2028

Table 42: The Middle East & Africa Automotive Wheels Market Size, By Vehicle Type, By Value (USD Million), 2018-2028

Table 43: The Middle East & Africa Automotive Wheels Market Size, By Vehicle Type, By Volume (Million Units), 2018-2028

Table 44: The Middle East & Africa Automotive Wheels Market Size, By End-User, By Value (USD Million), 2018-2028

Table 45: The Middle East & Africa Automotive Wheels Market Size, By End-User, By Volume (Million Units), 2018-2028

Table 46: 76 The Middle East & Africa Automotive Wheels Market Size (USD Million), By Country, By Value 2018-2028 

Table 47: The Middle East & Africa Automotive Wheels Market Size (Million Units), By Country, By Volume 2018-2028 

Table 48: List of Key Players and Their Offerings

Table 49: Competitive Benchmarking, by Operating Parameters

Table 50        Hitachi Metals Company Overview

Table 51        Hitachi Metals Financial Overview

Table 52        Steel Strips Wheels Company Overview

Table 53        Steel Strips Wheels Financial Overview

Table 54        Arconic Company Overview

Table 55        Arconic Financial Overview

Table 56        CLN Group Company Overview

Table 57        CLN Group Financial Overview

Table 58        BBS Alloy Wheel Company Overview

Table 59        BBS Alloy Wheel Financial Overview

Table 60        CITIC Dicastal Wheel Manufacturing Co. Company Overview

Table 61        CITIC Dicastal Wheel Manufacturing Co. Financial Overview

Table 62        Thyssenkrupp Company Overview

Table 63        Thyssenkrupp Financial Overview

Table 64        MAXION Wheels Company Overview

Table 65        MAXION Wheels Financial Overview

Table 66        Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd Company Overview

Table 67        Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd Financial Overview

Table 68        MHT Luxury Wheels. Company Overview

Table 69        MHT Luxury Wheels. Financial Overview

Table 70        TSW Wheels Company Overview

Table 71        TSW Wheels Financial Overview

Market Segmentation

By Materials

  • Carbon Fiber
  • Steel
  • Alloy
  • Others

By Vehicle Type

  • Off-Road (Construction and Mining Equipment, Agriculture Tractors etc.)
  • On-Road (Passenger and Commercial Vehicle)

By End-User

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The global automotive wheels market reached USD 28,763.9 Million in 2021.
Ans: The growth of the automotive wheels market can be primarily attributed to the escalation in demand for wheels due to increase in vehicle sales and production around the globe. This, in turn, is expected to enhance automobile wheel production. Vehicle manufacturers have increased expenditure in research and development to improve vehicle fuel efficiency which is expected to drive the global automotive wheel market during the forecast period.
Ans: The key players operating in the global automotive wheels market are Hitachi Metals, Steel Strips Wheels, American Eagle Wheels, Arconic, CLN Group, Topy Industries, Sensus, BBS Alloy Wheel, BORBET GmbH., CITIC Dicastal Wheel Manufacturing Co., Thyssenkrupp, MAXION Wheels, Foshan Nanhai, Zhongnan Aluminum Wheel Co., Ltd, MHT Luxury Wheels., TSW Wheels and other prominent players.
Ans: The alloy segment accounted for the largest share in the global automotive wheels market.
Ans: Asia-Pacific region is growing at the highest rate in the global automotive wheels market.