Press release
Automotive Wheel Rims Market Anticipated To Witness Robust Growth, Surpassing $60.75 Billion By 2029
Automotive Wheel Rims
What Is the Current Automotive Wheel Rims Market Size and Its Estimated Growth Rate?
The automotive wheel rims market has shown strong growth in recent years. It will expand from $41.87 billion in 2024 to $45.21 billion in 2025, at a CAGR of 8.0%. This growth is driven by increased demand for alloy-based wheel rims, a shift toward lightweight materials, the rise in electric vehicle adoption, higher hybrid vehicle production, and the growth of urbanization globally.
The automotive wheel rims market is expected to grow significantly, reaching $60.75 billion by 2029 at a CAGR of 7.7%. Growth is attributed to the rising production of vehicles, the preference for luxury car rims, and the popularity of electric and hybrid vehicles. Trends include innovations in rim designs, the integration of smart technologies, and the use of lightweight materials.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16617
How Are Emerging Segments Shaping the Automotive Wheel Rims Market Landscape?
The automotive wheel rims market covered in this report is segmented -
1) By Product Type: Wire Spoke Wheel Rims, Steel Disc Wheel Rims, Light Alloy Wheel Rims, Aluminum Alloy Wheel Rims, Magnesium Alloy Wheel Rims, Titanium Alloy Wheel Rims, Chrome Wheel Rims, Teflon Wheel Rims
2) By Material Type: Alloy, Steel, Carbon Fiber
3) By Application: Two Wheelers, Cars, Heavy Vehicles, Buses, Other Applications
4) By End User: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Wire Spoke Wheel Rims: Traditional Wire Spoke Rims For Classic Cars, Stainless Steel Wire Spoke Rims, Chrome Plated Wire Spoke Rims, Performance Wire Spoke Rims For Motorcycles, Lightweight Wire Spoke Rims For Custom Builds
2) By Steel Disc Wheel Rims: Single Piece Steel Disc Rims, Multi-Piece Steel Disc Rims, Powder-Coated Steel Disc Rims, Steel Disc Rims For Heavy-Duty Vehicles, Steel Disc Rims For Budget Cars
3) By Light Alloy Wheel Rims: Forged Light Alloy Rims, Cast Light Alloy Rims, Powder-Coated Light Alloy Wheels, Multi-Spoke Light Alloy Rims, Lightweight Alloy Wheels For Performance Cars
4) By Aluminum Alloy Wheel Rims: Cast Aluminum Alloy Wheels, Forged Aluminum Alloy Wheels, Polished And Painted Aluminum Alloy Rims, Lightweight Aluminum Alloy Rims For Electric Vehicles (Evs), High-Performance Aluminum Alloy Rims For Sports Cars
5) By Magnesium Alloy Wheel Rims: Forged Magnesium Alloy Wheels, Cast Magnesium Alloy Wheels, Lightweight Magnesium Alloy Rims For Racing Cars, Magnesium Alloy Rims For High-Performance Sports Cars, Magnesium Alloy Wheels For Luxury And High-End Vehicles
6) By Titanium Alloy Wheel Rims: Titanium Forged Wheel Rims, Lightweight Titanium Alloy Rims For Supercars, Custom Titanium Alloy Wheel Rims For Exotic Vehicles, High-Strength Titanium Alloy Wheels For Motorsport, Polished And Anodized Titanium Wheel Rims
7) By Chrome Wheel Rims: Chrome-Plated Steel Wheel Rims, Chrome-Plated Aluminum Wheel Rims, Custom Chrome Wheel Rims, Multi-Piece Chrome Rims For Luxury Vehicles, High-Gloss Chrome Wheel Rims For Aesthetic Appeal
8) By Teflon Wheel Rims: Teflon-Coated Wheel Rims For Corrosion Resistance, Non-Stick Teflon Wheel Rims For Easier Cleaning, Teflon-Coated Alloy Wheels, High-Durability Teflon Coatings For Off-Road Vehicles, Teflon-Coated Rims For Winter Or All-Weather Tires
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16617&type=smp
Which Growth Factors Are Influencing Automotive Wheel Rims Market Expansion?
The rise in vehicle production is expected to drive the growth of the automotive wheel rim market. Vehicle production is increasing due to higher consumer demand, expanding markets, and technological advancements in automotive innovation. Automotive wheel rims are vital components that provide a stable base for tires, ensure a proper seal, offer structural support, and help distribute the vehicle's weight, which enhances stability and handling. In 2023, the International Organization of Automobile Manufacturers reported that global motor vehicle production grew from 84.83 million units in 2022 to 93.55 million in 2023. As a result, the rising production of vehicles is propelling the automotive wheel rim market.
Who Are the Dominant Players Across Different Automotive Wheel Rims Market Segments?
Major companies operating in the automotive wheel rims market are Alcoa Wheels, Maxion Wheels, Wanfeng Auto Holding Group Co. Ltd., Superior Industries International Inc., Ronal AG, BORBET GmbH, Steel Strips Wheels Ltd., Wheel Pros LLC, Mangels Industrial SA, American Eagle Wheel Corporation, Enkei International Inc., Accuride Corporation, Team Dynamics Motorsport, TSW Alloy Wheels, Vossen Wheels, Fuel Off-Road Wheels, CITIC Dicastal Wheel Manufacturing Co. Ltd., Konig Wheels, SOTA Offroad, Euromax Corporation, MHT Luxury Alloys, CM Wheels Ltd., Uniwheels AG
What Trends Are Driving Growth in The Automotive Wheel Rims Market?
Companies in the automotive wheel rims market are developing aluminum alloy wheels to improve vehicle performance. In September 2023, Uno Minda Limited, an India-based company, partnered with Kosei Aluminum Co., Ltd., a Japanese company, to launch a premium range of alloy wheels in India. These wheels provide enhanced handling, fuel efficiency, and aesthetic appeal, catering to various preferences in the automotive enthusiast community.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-wheel-rims-global-market-report
Which Geographic Regions Are Expected to Dominate the Automotive Wheel Rims Market in the Coming Years?
Asia-Pacific was the largest region in the automotive wheel rims market in 2023. The regions covered in the automotive wheel rims market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Wheel Rims Market?
2. What is the CAGR expected in the Automotive Wheel Rims Market?
3. What Are the Key Innovations Transforming the Automotive Wheel Rims Industry?
4. Which Region Is Leading the Automotive Wheel Rims Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Wheel Rims Market Anticipated To Witness Robust Growth, Surpassing $60.75 Billion By 2029 here
News-ID: 4032946 • Views: …
More Releases from The Business Research Company
Future of the Tubeless Insulin Pump Market: Strategic Analysis and Forecast to 2 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Tubeless Insulin Pump Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for tubeless insulin pumps has experienced considerable expansion in the past few years. The market is forecasted to increase from $1.84 billion in 2024 to $2.20 billion in 2025, indicating a…
Key Trends Influencing the Growth of the Temporary Healthcare Staffing Market in …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Temporary Healthcare Staffing Market Through 2025?
The market size for temporary healthcare staffing has seen robust growth in the past few years. It is predicted to expand from a market worth $45.75 billion in 2024 to $48.83 billion in 2025, with a…
2025-2034 Trispecific Antibodies Market Roadmap: Insights for Competitive Advant …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Trispecific Antibodies Market Size By 2025?
Recent years have seen a swift expansion in the trispecific antibodies market. Forecasted growth shows an increase from $0.67 billion in 2024 to $0.78 billion in 2025, representing a compound annual growth rate (CAGR) of 16.7%. Factors such as…
Surgery Management System: Core Growth Enabler in the Growing Volume Of Surgical …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Surgery Management System Industry Market Size Be by 2025?
In the past few years, the market size for surgery management systems has seen significant expansion. Expected to rise from $2.23 billion in 2024 to $2.44 billion in 2025, the market will see a compound annual growth…
More Releases for Wheel
Agricultural Tractors Market : 2 Wheel Drive, 4 Wheel Drive 2021-2031 | AMR
The global agricultural tractors market was valued at $59.1 billion in 2021, and is projected to reach $97.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Asia-Pacific is expected to dominate the market, in terms of revenue, followed by Europe, North America, and LAMEA. Increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the agricultural tractors market…
Agricultural Tractors Market : 2 Wheel Drive, 4 Wheel Drive 2021-2031
The agricultural tractors market was valued at $59.1 billion in 2021, and is estimated to reach $97.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Asia-Pacific is expected to dominate the market, in terms of revenue, followed by Europe, North America, and LAMEA. Increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the agricultural tractors market in…
Rail Wheel And Axle Industry Forecast to 2028 Global Market Analysis by Wheel Ty …
A rail wheel and axle is a type of wheel and axel that is specially designed for railways. Growing technological advancements in train networks and trains are compelling train manufacturers to invest heavy sums in R&D for the manufacturing of light materials for wheels and axles for passenger trains, freight trains, and short-distance trains. Rise in the production of locomotives in developing and developed countries are the major driving factor…
Automotive Products |Floating wheel cap and LED Floating Wheel Caps Manufacturer
Bosswellkorea, Inc. was founded in 2014 and is specializing in the development of automotive products, LED lighting floating wheel cap and LED lighting emblem, LED lighting signboard. LED floating wheel cap patent introduction (Korea, USA, Japan, China), Floating wheel cap patent (September 2020). Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world Reliability Test Pass Test Report
A floating wheel cap is a product that fits in the…
Section From Wheel Aligner Market Report 2019 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
Section From Wheel Aligner Market Report 2018 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
