Automotive Wheel Aftermarket Global Market Report 2024

The automotive wheel aftermarket market size has grown steadily in recent years. It will grow from $4.81 billion in 2023 to $5.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth observed in the historical period can be attributed to sustainability efforts, the trend towards weight reduction, evolution in retail, growth in niche markets, and the popularity of plus-sizing.

The automotive wheel aftermarket market size is expected to see steady growth in the next few years. It will grow to $6.1 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. Projected growth is driven by rising vehicle sales, a shift towards lightweight materials, a growing preference for larger wheels, and the expansion of e-commerce. Key trends include customization, advanced material technologies, aesthetic preferences, and an increase in plus-sizing wheels.

The automotive wheel aftermarket market is poised for growth, driven by the increasing sales of passenger cars. Passenger cars, being a prominent segment in the automotive industry, contribute significantly to the demand for aftermarket wheels. Aftermarket wheels, known for their affordability and availability across various sizes and styles, are particularly sought after for replacement purposes in passenger cars. Notably, in 2021, the Federation of Automobile Dealers Associations (FADA) reported a substantial annual increase of 39% in passenger car sales in India, from 182,651 units in 2020 to 253,363 units in 2021. The robust performance of the passenger car segment contributes to the rising demand for aftermarket wheels, indicating a positive trajectory for the automotive wheel aftermarket market.

The automotive wheel aftermarket market is anticipated to experience growth driven by the expansion of the e-commerce industry. The e-commerce sector, characterized by online buying and selling, serves as a significant platform for the automotive wheel aftermarket. E-commerce facilitates a convenient avenue for consumers to explore a diverse range of wheel options, compare prices, and make personalized purchases from the comfort of their homes. As of November 2023, the International Trade Administration reported that the UK possessed the world's third-largest e-commerce market after China. In January 2021, U.S. consumer e-commerce accounted for 36.3% of the UK's total retail market, with e-commerce revenue projected to reach $285.60 billion by 2025. The expansion of the e-commerce industry is thus contributing to the growth of the automotive wheel aftermarket market.

The automotive wheel aftermarket market is witnessing a prominent trend of new product innovations. Leading companies in the automotive aftermarket sector are strategically focusing on introducing advanced products to expand their market coverage. For instance, in September 2021, Borbet, a Germany-based manufacturer specializing in light alloy wheels, unveiled a new line of rims featuring a distinctive CWZ design characterized by five double-spoke patterns. Specifically designed for vehicles with wheel loads of up to 1,250 kilograms, these rims are compatible with various vehicle models, including VW Crafter, Amarok, T5 and T6, and Mercedes V-Class. Not only do these rims offer unique design elements, but they also emphasize durability, ensuring prolonged usage. This illustrates how new product innovations are shaping the automotive wheel aftermarket market, providing consumers with both aesthetic appeal and functional reliability.

Key players in the automotive wheel aftermarket market are strategically focusing on the introduction of high-performance tube tires to enhance their competitive advantage in the market. Tube tires, a type of pneumatic tire featuring a separate inflatable inner tube within the tire casing, are gaining prominence. In September 2023, Uno Minda, an India-based company, entered the Indian aftermarket with a new line of alloy wheels branded as Uno Minda Wheelz. Collaborating with Kosei Aluminum, another India-based automotive company, Uno Minda aims to address the issue of substandard alloy wheels prevalent in the Indian market, which poses risks to road safety. The alloy wheels in this new range are engineered to be compatible with both radial and regular tube tires, providing users with versatility and convenience. This strategic move highlights the growing emphasis on high-performance tube tires in the automotive wheel aftermarket.

In June 2022, Wheel Pros, a leading US-based manufacturer specializing in automotive aftermarket wheels and accessories, successfully acquired Transamerican Auto Parts for an undisclosed sum. This strategic acquisition is instrumental for Wheel Pros as it facilitates the creation of a vertically integrated omnichannel platform for aftermarket automotive parts and accessories. Transamerican Auto Parts, headquartered in the United States, is known for its expertise in manufacturing off-road wheels and rims.

Major companies operating in the automotive wheel aftermarket market report are Konig Wheels, Enkei Corporation, Superior Industries Inc., Ronal AG, Maxion Wheels LLC, BBS Kraftfahrzeugtechnik AG, OE Creations Wheels LLC, MSW Wheels OZ SpA, TSW Alloy Wheels, American Racing Equipment Inc., Method Race Wheels, Fuel Off-Road Wheels, Lexani Wheel Corp., KMC Wheels, Rotiform Wheels, Ultra Wheel Company Inc., Beyern Wheels Company, Black Rhino Wheels, Asanti Wheels, Moto Metal Wheels, Niche Wheels, Lenso Wheels Store, Cali Off-Road Wheels, Giovanna Wheels, Philippine Aluminum Wheels Inc., Foose Wheels, AEZ Leichtmetallräder GmbH, Anhui Xingda Auto Parts Technology Co. Ltd., XD Wheels, Anovia Wheels LLC, Braelin Wheels, DUB Wheels, Helo Wheels, Ruff Wheels.

North America was the largest region in the automotive wheel aftermarket market in 2023. The regions covered in the automotive wheel aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive wheel aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive wheels aftermarket comprises two primary segments such as new wheel replacement and refurbished wheel fitment. In the new wheel replacement market, damaged wheels are replaced with newly manufactured aftermarket wheels. These wheels, crafted by independent manufacturers, replicate the original designs and are tailored to fit multiple vehicle models. Materials used include alloys, steel, and other variants. Liquid coatings and powdered coatings are among the various coating types applied to these wheels, suitable for diverse vehicle categories including passenger cars, light commercial vehicles, heavy trucks, buses, coaches, and trailers. Distribution occurs through various channels including retail outlets, wholesalers, and distributors.

The automotive wheel aftermarket market research report is one of a series of new reports that provides automotive wheel aftermarket market statistics, including automotive wheel aftermarket industry global market size, regional shares, competitors with an automotive wheel aftermarket market share, detailed automotive wheel aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the automotive wheel aftermarket industry. This automotive wheel aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive wheel aftermarket market includes revenue earned by entities by automotive wheel made of aluminum and carbon fiber. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.


This product will be delivered within 3-5 business days.