Press release
Driving Automotive Wheel Rims Market Growth in 2025: The Role of Rising Vehicle Production Fuels Growth In The Automotive Wheel Rim Market
Automotive Wheel Rims
Automotive Wheel Rims Market Size Growth Forecast: What to Expect by 2025?
There has been a robust expansion in the auto wheel rim market in the past few years. Its size is projected to increase from $41.87 billion in 2024 to $45.21 billion in 2025, experiencing a Compound Annual Growth Rate (CAGR) of 8.0%. This progress during the historical period is largely due to the elevated demand for alloy-based wheel rims, an upturn in need for lightweight materials, growing acceptance of electric vehicles, an increased output of hybrid vehicles and global urbanization growth.
How Will the Automotive Wheel Rims Market Size Evolve and Grow by 2029?
In the next few years, the size of the automotive wheel rims market is anticipated to witness significant growth, expected to surge to a substantial $60.75 billion by 2029 at a compound annual growth rate of 7.7%. Various factors such as increased vehicle production, preferences for distinctive rim designs by luxury car owners, enhanced automotive production, high disposable income, and the burgeoning interest in electric and hybrid vehicles can be credited for the growth in the forecast period. Key trends emerging in this period include technological progression, inventive rim designs, vehicle integration, incorporation of smart technologies, aerodynamically-inclined designs, and the use of lightweight materials.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-wheel-rims-global-market-report
What Drivers Are Propelling the Growth of Automotive Wheel Rims Market Forward?
The surge in vehicle production is anticipated to fuel the advancement of the automotive wheel rim market. This rise in production can be attributed to factors like escalating consumer demand, market expansion, and technological innovations leading to automotive evolution. Automotive wheel rims function as crucial elements, providing a sturdy base for tire attachment, establishing an airtight seal, delivering structural support, and facilitating the even distribution of the vehicle's weight over the wheels, thus improving stability and maneuverability. The International Organization of Automobile Manufacturers, a trade association based in France, noted that there was a surge in global motor vehicle production from 84.83 million in 2022 to 93.55 million in 2023. As such, the upward trend in vehicle production is contributing significantly to the expansion of the automotive wheel rim market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16617&type=smp
Which Emerging Trends Are Transforming the Automotive Wheel Rims Market in 2025?
Leading firms in the automotive wheel rims market are innovating and creating products like aluminum alloy wheels to meet the demands of consumers with more sophisticated features. Wheels manufactured from a network of aluminum and various other metals or elements to boost their applicability in automobiles are known as aluminum alloy wheels. These wheels are not only lighter but more robust than the conventional steel wheels, providing numerous advantages such as enhanced maneuverability, better fuel economy, and visual appeal. For example, in September 2023, Uno Minda Limited, a leading battery producer based in India, initiated a partnership with Kosei Aluminum Co., Ltd., a Japanese aluminum wheels production company, to introduce an exclusive premium set of alloy wheels to the Indian market. These uniquely crafted alloy wheels promise improved vehicle control and increased fuel efficiency, guaranteeing peak performance on Indian roads. Additionally, they stress on the aesthetic element, providing an array of captivating designs catering to the varied preferences of the automotive lover community.
What Are the Key Segments in the Automotive Wheel Rims Market?
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16617&type=smp
Who Are the Key Players Shaping the Automotive Wheel Rims Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automotive Wheel Rims Market?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16617
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
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 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 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 Driving Automotive Wheel Rims Market Growth in 2025: The Role of Rising Vehicle Production Fuels Growth In The Automotive Wheel Rim Market here
News-ID: 4131936 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
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 Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
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 Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
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…
