Automotive Wheel - Global Strategic Business Report

The global market for Automotive Wheel is estimated at US$38.1 Billion in 2023 and is projected to reach US$56.5 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the automotive wheel market is driven by several factors including advancements in wheel manufacturing technologies, rising vehicle production and sales, changes in consumer preferences, and stringent environmental regulations. Technological innovations such as the development of ultra-lightweight materials for enhanced performance and better fuel economy play a pivotal role. The increasing consumer interest in vehicle customization, especially among young consumers, also fuels demand for diverse wheel designs and sizes. Furthermore, the expansion of the electric vehicle market, which requires specially designed lightweight wheels to compensate for the heavy batteries, provides a significant boost to the market. Economic growth in emerging markets has led to increased vehicle ownership, which in turn, drives the demand for automotive wheels. Finally, regulatory pressures for lower emissions have compelled automakers to adopt advanced technologies in wheel design to help meet these standards, thus stimulating continuous development and adoption of innovative wheel solutions.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Steel-based Automotive Wheel segment, which is expected to reach US$17.7 Billion by 2030 with a CAGR of a 5.4%. The Alloys-based Automotive Wheel segment is also set to grow at 5.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $6.6 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $15.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Automotive Wheel Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Wheel Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Automotive Wheel Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Continental AG, ThyssenKrupp AG, Accuride Corporation, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 127 Featured):

• Continental AG
• ThyssenKrupp AG
• Accuride Corporation
• Arconic, Inc.
• O`Reilly Auto Parts
• Superior Industries International
• The Carlstar Group LLC
• Steel Strips Wheels Ltd.
• HRE Performance Wheels
• Iochpe-Maxion S.A.
• Wheels India Limited
• Alcar Holding Gmbh
• Hyundai Sungwoo Holdings Co., Ltd.
• Coastal Automotive Group Corp.