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Automotive Wheel Aftermarket Market 2023 - By Industry Share, Top Players, Future Growth And Outlook By 2032
Automotive Wheel Aftermarket
Automotive Wheel Aftermarket Market Size, Growth Rate, And Forecast
The global automotive wheel aftermarket market size grew from $4.62 billion in 2022 to $4.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive wheel aftermarket market size is expected to grow to $6.12 billion in 2027 at a CAGR of 5.6%.
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Automotive Wheel Aftermarket Market Drivers
Increasing sales of passenger cars are expected to propel the growth of the automotive aftermarket going forward. Cars are four-wheeled vehicles used for transportation. Aftermarket wheels are available for a wide range of vehicles and are less expensive. They are in high demand for automobiles and are used as replacement wheels more frequently in cars.
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Automotive Wheel Aftermarket Market Segments
• By Aftermarket Type: New Wheel Replacement, Refurbished Wheel Fitment
• By Material Type: Alloy, Steel, Other Materials
• By Coating Type: Liquid Coating, Powdered Coating
• By Vehicle: Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses and Coaches, Trailers
• By Distribution Channel: Retail, Wholesalers and Distributors
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Wheel Aftermarket market.
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Automotive Wheel Aftermarket Market Key Players
Major competitors in the Automotive Wheel Aftermarket market include Konig Wheels, Ronal AG, Beyern Wheels Company, Enkei Corporation, Maxion Wheels U.S.A. LLC, AEZ Leichtmetallräder GmbH.
The Business Research Company's "Global Automotive Wheel Aftermarket Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Wheel Aftermarket Market Include:
1. Executive Summary
2. Automotive Wheel Aftermarket Characteristics
3. Automotive Wheel Aftermarket Trends And Strategies
4. Automotive Wheel Aftermarket - Macro Economic Scenario
5. Automotive Wheel Aftermarket Size And Growth
.....................
26. Africa Automotive Wheel Aftermarket
27. Automotive Wheel Aftermarket Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Wheel Aftermarket
29. Automotive Wheel Aftermarket Future Outlook and Potential Analysis
30. Appendix
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