Forged Alloy Aluminum Wheel Market Size, Trends & Forecasts | Valuates Reports

Forged Alloy Aluminum Wheel Market Size

In 2024, the global market size of Forged Alloy Aluminum Wheel was estimated to be worth US$ 4803 million and is forecast to reach approximately US$ 7452 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031.

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Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.

Global core manufacturers of Forged Alloy Aluminum Wheel include Arconic, Otto Fuchs, Superior Industries, CITIC Dicastal and Hongxin Wheel. North America is the largest consumption region, accounting for approximately 43% of the global market. In terms of type, aftermarket is the largest market segment, with a share of more than 63%. In terms of application, the largest application is passenger vehicle, with a share of approximately 52%.

By Type
• OEM
• Aftermarket

By Application
• Passenger Vehicle
• Commercial Vehicle

Key Companies
Arconic, Otto Fuchs, Superior Industries, CITIC Dicastal, Hongxin Wheel, Borbet, Accuride, BBS JAPAN, Ronal Wheels, RAYS Wheels, Lizhong Group, Pomlead, Zeroneal, Zhengxing Group, SAI

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This release was published on openPR.