Press release
Automotive Wheels Aftermarket Market 2023: Comprehensive Analysis on Leading Players, and Future Growth Prospects with Enkei Corp, Maxion Wheels, CM Wheels
The automotive wheels aftermarket is a specialized segment within the broader automotive industry, focusing on the sales, distribution, and installation of aftermarket wheels or rims for vehicles. Aftermarket wheels are designed to replace or upgrade the original equipment manufacturer (OEM) wheels. These wheels come in various styles, sizes, and materials, allowing vehicle owners to personalize their vehicles and improve performance. The global market for automotive wheels aftermarket has experienced growth due to the desire of vehicle enthusiasts and consumers to enhance the aesthetics and functionality of their vehicles.ย The global automotive wheels aftermarket market is expected to grow from USD 3758.28 million in 2023 to USD 4916.2 million by 2030, at a CAGR of 4.58% during the forecast period.๐๐๐ญ ๐ ๐๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒย https://www.infinitybusinessinsights.com/request_sample.php?id=801719&SP
๐๐จ๐ฌ๐ญ ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐ Enkei Corporation, The Carlstar Group, Ronal Group, Borbet GmbH, Maxion Wheels, CM Wheels, SSR Wheels, LKQ Corporation, Arconic, Automotive Wheels, BBS Kraftfahrzeugtechnik, Rays Engineering
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The automotive wheels aftermarket is primarily driven by several factors. One of the key drivers is the growing demand for vehicle personalization and customization. Many vehicle owners seek to distinguish their vehicles from others, leading to the replacement of factory-installed wheels with aftermarket options that reflect their personal style and preferences. Performance improvement is another driver, as aftermarket wheels can be lighter and more aerodynamic, contributing to better handling and fuel efficiency. The desire for larger and more distinctive wheel sizes, often seen in the luxury and sports car segments, has propelled the market. The growth of the automotive enthusiast community and car modification culture has significantly contributed to the demand for aftermarket wheels.
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ง ๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญย https://www.infinitybusinessinsights.com/checkout?id=801719&price=3480.00&discount=20&SP
๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐๐ฒ๐ฉ๐๐ฌ ๐๐ซ๐
13-15 Inch
16-18 Inch
19-21 Inch
Above 21 Inch
๐๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง, ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ข๐ง๐ญ๐จ
Passenger Car
Commercial Vehicle
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
Several key trends are shaping the automotive wheels aftermarket. The market is experiencing a surge in the adoption of alloy wheels, which are lighter and offer better performance characteristics compared to traditional steel wheels. Custom finishes, such as chrome plating, black matte, and custom paint, are becoming popular, allowing vehicle owners to personalize their wheels further. The market is witnessing the development of technologically advanced wheels, including forged and flow-formed wheels, which provide strength and durability while maintaining a lightweight design. The trend towards eco-friendly and sustainable materials in wheel production is gaining prominence.
๐๐๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญย https://www.infinitybusinessinsights.com/reports/global-automotive-wheels-aftermarket-market-2022-by-company-regions-type-and-application-forecast-to-2028-801719?SP
๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ
The automotive wheels aftermarket faces challenges, including concerns about wheel compatibility with vehicles, as not all aftermarket wheels are suitable for every make and model. Ensuring proper wheel installation, including alignment and balancing, is crucial to prevent handling issues and tire wear. The market must address quality control and counterfeit products, as the safety and performance of aftermarket wheels can be compromised by substandard materials and manufacturing. Additionally, the economic impact on the aftermarket industry due to changes in vehicle manufacturing trends, such as the growth of electric vehicles, can pose challenges.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
Recent developments in the automotive wheels aftermarket include advancements in manufacturing techniques, such as rotary forging and hybrid cast-forged wheels, which offer a balance between strength and weight. The market has seen the integration of digital tools and visualization technologies that allow customers to preview how different aftermarket wheels will look on their vehicles before making a purchase. Collaboration between aftermarket wheel manufacturers and vehicle manufacturers has led to the development of OEM-approved and branded aftermarket wheels, ensuring compatibility and quality. Additionally, the market is adapting to changing consumer preferences, with a focus on offering eco-friendly and sustainable wheel options. Overall, the automotive wheels aftermarket continues to evolve to meet the demands of vehicle owners seeking to enhance the appearance and performance of their vehicles.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
Infinity Business insights "Automotive Wheels Aftermarket Market Analysis and Forecast of Key Trends from 2023 to 2030" delivers an extensive and detailed examination of the market, equipping stakeholders with the knowledge required to make informed decisions. With its wealth of data and insights, this report serves as an essential resource for those navigating the evolving landscape of this industry.
๐๐ฎ๐ซ ๐๐จ๐ซ๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
Solar-Powered Water Pump Inverters Market: https://www.digitaljournal.com/pr/news/cdn-newswire/solar-powered-water-pump-inverters-market-gains-traction-study-revealed-with-key-players-abb-hitachi-voltronic-power
5G Radio Remote Unit (RRU) Market: https://www.digitaljournal.com/pr/news/cdn-newswire/5g-radio-remote-unit-rru-market-to-show-impressive-growth-during-the-forecast-period-2023-2030-nxp-samsung-anritsu
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About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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