United States Automotive Wheel Market 2025-2032 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Automotive Wheel Market size was worth US$ 36,371.49 million in 2022 and is estimated at a CAGR of 7.4% within the forecast period (2024-2031).

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Key Development:

United States: Recent Automotive Wheel Developments

✅ In November 2025, The Wheel Group (TWG) secured a fresh round of growth-oriented investment, enabling it to accelerate technology upgrades, expand dealer programs, and focus more on product innovation in its wheel brands.

✅ In September 2025, Superior Industries, a leading U.S.-based aluminum wheel supplier, secured shareholder approval to be acquired by a group of term‐loan investors led by Oaktree, converting ~$550 million of debt into 96.5% new equity.

✅ In August 2025, Maxion Wheels revealed that serial production of its new forged aluminum truck wheels will begin in January 2026 at its Manisa plant, strengthening its capability to serve commercial vehicle OEMs.

✅U.S. alloy wheel-market players are increasingly targeting EVs, leveraging lighter forgings and flow-formed wheels to reduce unsprung mass and improve energy efficiency.

Japan: Recent Automotive Wheel Developments

✅ In 2025, Japanese wheel-makers like Enkei Corporation announced a strategic collaboration with Toyota Boshoku to co-develop lightweight aluminum wheels, targeting next-gen electric vehicles.

✅ In 2025, Nippon Steel entered a partnership to co-develop high-strength steel wheels optimized for EV platforms, aiming to reduce unsprung weight while maintaining load capacity.

✅ In 2025, the Japanese alloy‐wheel market is being driven by domestic players such as Enkei, Weds, and Topy, who are investing in advanced casting and heat-treatment technologies to scale lightweight performance products.

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Key Players:

=> Ronal Group, CITIC Dicastal Co., Ltd, Superior Industries International, Inc., BORBET GmbH, Hitachi Metals, Ltd., Topy Industries, Ltd., LIZHONG GROUP, Maxion Wheels, Wheel Pros, BBS automotive GmbH and others.

Key Segments:

By Type

Alloy wheels lead with 35% share, driven by growing demand for lightweight, high-performance, and aesthetically appealing wheels in passenger vehicles. Steel wheels account for 25%, supported by cost-effectiveness and widespread use in commercial and entry-level vehicles. Forged and cast wheels hold 20%, fueled by high-strength applications in premium cars, SUVs, and performance vehicles. Split rim wheels represent 10%, reflecting adoption in heavy-duty and specialty vehicles. Bottom line and other types make up 10%, including custom and niche wheel designs.

By Material

Steel dominates with 30% share, favored for its strength, durability, and affordability in commercial and passenger vehicles. Alloy materials (Aluminum, Magnesium, and others) account for 40%, driven by weight reduction, fuel efficiency, and premium aesthetics. Carbon fiber holds 15%, used in high-performance and luxury vehicles due to its strength-to-weight advantages. Other materials represent 15%, including composites and hybrid wheel constructions for specialized applications.

By Rim Size

12"-16" rims lead with 30% share, widely used in passenger cars, light commercial vehicles, and small SUVs. 17"-19" rims account for 35%, reflecting growth in mid-size vehicles, crossovers, and performance models. Rims above 20" hold 25%, fueled by luxury vehicles, SUVs, and premium aftermarket demand. Other rim sizes make up 10%, catering to specialty and heavy-duty vehicle requirements.

By Vehicle Type

Passenger vehicles dominate with 55% share, driven by increasing demand for alloy and premium wheels in cars and SUVs. Light commercial vehicles account for 25%, supported by cost-effective steel wheels and durability requirements. Heavy commercial vehicles hold 20%, reflecting the need for high-strength, durable wheels in trucks, buses, and construction vehicles.

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By Region

Asia Pacific - 40% Share
Asia Pacific leads with 40%, driven by rapid automotive production, rising passenger vehicle demand, and growing aftermarket adoption in China, India, Japan, and South Korea.

Europe - 25% Share
Europe holds 25%, supported by premium vehicle production, lightweight wheel adoption, and performance-oriented aftermarket demand in Germany, U.K., France, Italy, Spain, and neighboring regions.

North America - 20% Share
North America accounts for 20%, fueled by passenger and commercial vehicle production, aftermarket upgrades, and preference for alloy wheels in the U.S. and Canada.

Latin America - 6% Share
Latin America holds 6%, driven by industrial vehicles, passenger cars, and light commercial vehicle demand in Brazil, Mexico, and surrounding countries.

Middle East & Africa - 9% Share
The Middle East & Africa represent 9%, supported by growing automotive markets, aftermarket demand, and industrial vehicle adoption in GCC countries and South Africa.

FAQ

Q: What is the growth rate of the Automotive Wheel Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.4% during the forecast period from 2024 to 2031.

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