Automotive Wheel Market: was valued at US$ 39.96 Bn. in 2022 and the total Automotive Wheel revenue is expected to grow at 5.9% from 2023 to 2029, reaching nearly US$ 59.69 Bn.

Automotive Wheel Market Report Overview

The report provides a comprehensive analysis of the current and future market scenario for the Automotive Wheel market. It provides insights and updates on the key sectors, including demand across the world, product manufacturing, income generation, and sales and revenue. The report also provides two scenarios for a complete analysis of the market, including Automotive Wheel sales in the forecast period. The first scenario is based on the assumption that the Automotive Wheel market will continue to grow at its current rate. The second scenario is based on the assumption that the market will experience some disruption, such as a change in regulations or a new product entering the Automotive Wheel industry. The report also includes a detailed analysis of the competitive landscape, including the key players, their strategies, and their strengths and weaknesses. This analysis will help businesses to identify opportunities and threats in the market and to develop strategies to succeed.

Automotive Wheel Market Report Scope and Research Methodology

The Automotive Wheel market report provides a comprehensive analysis of the market, including recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths and regional growth.

The report also includes a PESTLE analysis, which identifies the micro and macro-level factors that are influencing the market. A SWOT analysis is also included, which identifies the strengths and weaknesses of the market. The report also focuses on the global key players in the market, including market leaders, followers, and new entrants.

Automotive Wheel Market Regional Insights

The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil, Middle East and Africa.

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Automotive Wheel Market Segmentation

Alloy growth is anticipated to increase at a CAGR of 4.8% over the course of the projected period. Even though the less expensive alloys used are often not corrosion-resistant, alloy wheels are sometimes purchased for aesthetic reasons (visible repairs). With the use of alloys, beautiful bare-metal finishes may be used, but they must be protected with paint or wheel coverings. The wheels in use may rust after three to five years, even if they are adequately protected; nevertheless, refurbishing is now generally accessible at a cost. If necessary safeguards are not taken, alloy wheels' propensity for galvanic corrosion, which can result in tire air leakage, can be a problem. While their higher cost normally makes repairs less expensive than replacement, bent alloy wheels are more difficult to mend than steel wheels.

Automotive Wheel Market Size and Forecast, by Rim Size (2022-2029)
. 13"-15"
. 16"-18"
. 19"-21"
. Above 21"
Automotive Wheel Market Size and Forecast, by Material (2022-2029)
. Alloy
. Steel
. Aluminum
. Carbon Fiber
. Other
Automotive Wheel Market Size and Forecast, by Vehicle (2022-2029)
. Passenger Vehicle
. Light Commercial Vehicle
. Heavy Commercial Vehicle
Automotive Wheel Market Size and Forecast, by End-User (2022-2029)
. Original Equipment Manufacturer (OEM)
. Aftermarket

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 the expected Automotive Wheel market size by the end of the 2029?
What is the expected CAGR of the Automotive Wheel market during the forecast period?
What are the emerging trends in the Automotive Wheel Market?
What are the factors contributing to the final price of Automotive Wheel?
What are the major challenges that the Automotive Wheel Market could face in the future?
Who held the largest market share in the Automotive Wheel Market?
Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2021)
Past Pricing and price curve by region (2017 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments and their sub-segments
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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