Automotive Wheel Market Report 2026

The automotive wheel market size has grown strongly in recent years. It will grow from $42.64 billion in 2025 to $46.02 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in passenger vehicle production, rising disposable income, expansion of automotive aftermarket, improvement in road infrastructure, increasing urbanization.

The automotive wheel market size is expected to see strong growth in the next few years. It will grow to $60.68 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to electric vehicle penetration growth, demand for lightweight materials, premium vehicle sales expansion, customization and personalization trends, technological advances in wheel manufacturing. Major trends in the forecast period include lightweight wheel design optimization, growing preference for larger rim sizes, rising demand for custom and aesthetic wheels, increased adoption of alloy wheels in mass vehicles, expansion of aftermarket wheel replacement and upgrades.

The increasing production of vehicles is anticipated to drive the growth of the automotive wheel market in the coming years. Vehicle production involves the mass manufacturing and assembly of passenger cars and commercial vehicles by automotive manufacturers. This growth is fueled by rising automobile demand resulting from economic expansion and growing mobility requirements. Automotive wheels are essential in vehicle production, as they support mobility, load-bearing capacity, braking, and steering functions, ensuring vehicles comply with performance and safety standards during large-scale manufacturing. For example, in April 2024, according to the Serbian Association of Vehicle and Parts Importers, a Serbia-based professional automotive organization, global production of cars and light commercial vehicles reached 93,546,599 units in 2023, increasing from 84,830,376 units in 2022. Hence, the rise in vehicle production is contributing to the expansion of the automotive wheel market.

Major players in the automotive wheel market are strategically prioritizing the introduction of alloy wheels as a key initiative to enhance their competitive position. Alloy wheels, composed of a blend of metals such as aluminum or magnesium along with other elements, offer distinct advantages in terms of performance and aesthetics. In September 2023, Uno Minda, an India-based company, took a significant step by launching a new range of alloy wheels. This premium range encompasses various sizes, spanning from 13 to 17 inches, indicating a versatile offering to cater to diverse vehicle types. The focus on alloy wheels aligns with the industry's emphasis on delivering enhanced performance, durability, and aesthetic appeal to meet the evolving needs of the automotive market.

In November 2025, Iochpe-Maxion, a Brazil-based automotive manufacturing company, acquired a 50.1% ownership stake in Polimetal for an undisclosed sum. Through this transaction, Iochpe-Maxion seeks to expand its footprint in the light vehicle aluminum wheel segment and more effectively address rising demand in the South American market. Polimetal is an Argentina-based wheel manufacturer that focuses on the production of aluminum wheels for light vehicles, supplying original equipment manufacturers (OEMs) within the domestic automotive sector.

Major companies operating in the automotive wheel market are Alcoa Corporation, Superior Industries International Inc, IOCHPE Maxion SA, Steel Strips Wheels Ltd, Wheel Pros LLC, Super Alloy Industrial Co Ltd, Hayes Lemmerz International Inc, American Eagle Wheels Corp, OZ Group, Accuride Corporation, Topy Industries Limited, Foshan Nanhai Zhongnan Aluminum Wheel Co Ltd, BBS Kraftfahrzeuge GmbH, CLN Group, Mangels Industrial SA, Zhejiang Wanfeng Auto Wheel Co Ltd, BORBET GmbH, Wheel Solutions Limited, Ronal Group, Enkei Corporation.

Asia-Pacific was the largest region in the automotive wheel market in 2025. The regions covered in the automotive wheel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive wheel market report are Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.

The automotive wheel market consists of sales of steel wheels, forged and cast wheels, and split rim wheels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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