Automotive Wheel Market Key Trends and Industry Insights for 2025 Dominated by Hitachi Metals, Mangels Industrial, Zhejiang Wanfeng Auto Wheel and Superior Industries International
The global automotive wheel market is estimated to be USD 32.87 billion in 2017 and is projected to reach USD 50.54 billion by 2025, at a CAGR of 5.52% from 2017 to 2025. The passenger vehicles segment is estimated to hold the largest market share during the forecast period. Passenger vehicles account for the largest share of the total vehicle production.
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The report covers the automotive wheel market, in terms of volume (million units) and value (USD million).It explains the qualitative and quantitative aspects of the automotive wheel market, which is segmented by material (steel, alloy, carbon fiber, and others), vehicle type (passenger, light commercial, and heavy commercial vehicles), vehicle class (economy, mid-priced, and luxury-priced), rim size (13"-15", 16"-18", 19"-21", & above 21"), end-use (OE and aftermarket), off-highway (construction and mining, and agriculture tractors) and region (Asia Pacific, Europe, North America, and Rest of the World).
The passenger vehicles segment is estimated to hold the largest market share during the forecast period. Passenger vehicles account for the largest share of the total vehicle production. Also, the increase in R&D investment by OEMs and Tier 1 players to improve the drive quality and efficiency of passenger vehicles will drive the automotive wheel market in this segment. Moreover, the rise in disposable income, particularly in developing countries such as China, India, Mexico, and others, will drive the automotive wheel market in the passenger vehicle segment.
Asia Pacific region leads the automotive wheel market, owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at>6.0% CAGR over the period of next five years. Increasing vehicle production has, in turn, increased the demand for wheels in this region. Many wheel manufacturers have setup their manufacturing plants in the region. These in cludeIochpe-Maxion (Brazil), Steel Strips Wheels (India), Hitachi Metals (Japan), Enkei (Japan), Citic Dicastal (China), and Zhejiang Wanfeng Auto Wheel (China).
#More Information on Automotive Wheel Market Research Now at
The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for the purpose of data triangulation. The study involves the country-level OEM and model-wise analysis of automotive wheel market. This analysis involves historical trends as well as existing market penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and adoption rate by OEMs.
The construction of commercial buildings, which include factories, manufacturing facilities, hospitals, schools, colleges, and others, grew by 10-12% in 2016as compared to 2015. Hence, the demand for construction equipment is increasing, which in turn leads to the increased sales of construction and mining equipment wheels.
#Table of Content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Automotive Wheel Market, By Off-Highway
8 Automotive Wheel Market for Automotive, By Vehicle Class
9 Automotive Wheel Market, By End Use
10 Automotive Wheel Market, By Vehicle Type
11 Automotive Wheel Market for Automotive, By Material
12 Automotive Wheel Market, By Rim Size & Region
13 Competitive Landscape
14 Company Profiles
#Get Discount on “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) Vehicle Type, Vehicle Class, End-Use, and Region - Global Forecast to 2025” report @ https://www.reportsnreports.com/contacts/discount.aspx?name=1516281 .
A wheel is a circular metal frame with spokes or a solid disc mounted on a wheel hub. A vehicle tire is installed on the wheel frame, which is also called as a rim or alloy wheel. These are made from steel, aluminum, magnesium, carbon fiber, or a combination of all these metals. There are three basic components of a wheel-hub, spoke, and rim.
Key Target Audience
• Automobile manufacturers
• Automotive component manufacturers
• Automotive technology experts
• Automotive wheel manufacturers
• Distributors and suppliers of automotive systems
• Engine control system manufacturers
• Independent and authorized dealers of automotive wheels
• Industry associations and experts
• Off-Highway associations
• Raw material suppliers
• Traders, distributors, and suppliers of wheels and raw materials
The automotive wheel market for OE segment is estimated to be the largest and fastest growing market during the forecast period. Wheels are designed to last long with the vehicle life. Wheels are replaced or changed in case of accidental damage or by an enthusiast. So, the demand for the wheel is low in the aftermarket as compared to the OE market.
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