Automotive Wheels Aftermarket Dominated by RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US) to 2024 - Analysis of New Wheel Replacement & Refurbished Wheel Fitment

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The global automotive wheels aftermarket market is estimated to grow from USD 3.5 billion in 2018 at a CAGR of 3.53% to reach USD 4.5 billionby 2025.Increased demand for lightweight materials will boost the automotive wheels aftermarket. However, maintaining a balance between performance, cost, and weight creates a hurdle for the growth of the automotive wheels aftermarket.

North America is the largest automotive wheels aftermarket, followed by Europe. North America is home to leading vehicle manufacturers such as Ford Motor Company, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the governments in the manufacturing sector. The US is estimated to account for the largest share of the North American automotive wheels aftermarket during the forecast period.

The passenger cars segment is estimated to be the largest of the global automotive wheels aftermarket in 2018. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the automotive wheels aftermarket for passenger vehicles. Carbon fiber wheels are widely used in high-performance vehicles and racing cars. These are now gaining popularity in the luxury vehicle segment because of their lightweight, strength, and rigidity, which helps enhance vehicle performance and fuel efficiency.

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The alloy is the largest and the fastest growing segment for material type in the global automotive wheels aftermarket as it offers high durability and tensile strength. An alloy is a mixture of multiple metals or metals with non-metals which are mixed in pre-determined proportions to achieve desirable properties such as corrosion resistance, durability, tensile strength, density, ductility, and malleability. The two major or commonly used components in the making of alloy wheels are aluminum and magnesium.

#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Automotive Wheels Aftermarket, By Aftermarket Type
8 Automotive Wheels Aftermarket, By Coating Type
9 Automotive Wheels Aftermarket, By Material Type
10 Automotive Wheels Aftermarket, By Rim Size
11 Automotive Wheels Aftermarket, By Vehicle Type
12 Automotive Wheels Aftermarket, By Region
13 Competitive Landscape
14 Company Profiles
15 Appendix

Automotive wheels aftermarket comprises major manufacturers such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US).

The powdered coating segment is the fastest and largest growing segment of the automotive wheels aftermarket. Powdered coatings are ecofriendly and are anticipated to experience rapid growth because of unique features such as high corrosion resistance, chipping, high-quality finish, and abrasion. It also offers protection from moisture, heat, and chemicals. Further, these powdered coatings emit only a small amount of VOCs.

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The market study covers the automotive wheels after market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by aftermarket type, vehicle type, coating type, material type, rim size, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The global automotive wheels aftermarket is dominated by major players such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive product range in the aftermarket. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

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