PUBLISHER: Grand View Research | PRODUCT CODE: 1571743
PUBLISHER: Grand View Research | PRODUCT CODE: 1571743
Automotive Wheels Aftermarket Industry Size, Share & Trends Analysis Report By Vehicle Type (Passenger, Commercial), By Material (Alloy, Steel), By Rim Size, By Coating Type, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030
Automotive Wheels Aftermarket Growth & Trends
The global automotive wheels aftermarket industry size is expected to reach USD 8.14 billion by 2030, registering a 3.2% CAGR from 2024 to 2030, according to a new study by Grand View Research, Inc. Prominent factors driving the market include replacement of wheels, increment in rim size, and enhancement in design. Further, the use of carbon wheels mainly for sports and luxury cars is fueling the wheels aftermarket growth. Growing sales of the automotive vehicle is also expected to leverage the sales of wheels through a large distribution network. And the distribution channel growth is driven by the proprietary brands and extensive product range.
The current trend of the improving the efficiency of passenger cars and commercial vehicles is expected to surge the demand for lightweight wheels. As aluminum wheels are lighter as compared to the other types of wheels, nowadays significantly used by the manufacturers to decrease the weight of vehicles. Government regulations impended by various countries regarding the weight reduction to decrease fuel consumption is expected to create high growth opportunities for these types of wheels. Further, with the growing technological complexities in the vehicle, manufacturers are opting to provide better customer satisfaction and service by following government safety standards.
High disposable income, affordability among the consumers, and the increasing number of vehicle parc on road are some of the primary reasons, which are expected to influence the sale of luxury vehicle wheels over the forecast period. The demand for new commercial vehicle wheels is expected to advance by in the next couple of years, the average growth of passenger cars also can lead to fruitful prospects for the wheels market.
North America is estimated to have the largest market share, followed by Europe. The Asia Pacific regional market is expected to witness robust growth over the forecast period, owing to the increasing awareness regarding the design services in the passenger cars. The rise in demand can be attributed to the growth in the adoption of aluminum and carbon fiber wheels in autonomous cars in the developing countries including China, Japan, South Korea, and Singapore.
Automotive Wheels Aftermarket Industry Report Highlights:
- In terms of vehicle type, the passenger cars segment is estimated to gain high traction in the market. This is due to the high adoption of customized wheels in luxury cars and racing cars, which primarily improve the performance of the vehicle.
- The aluminum alloy segment is among the largest market share for the automotive wheels aftermarket, as the material is highly affordable and has great potential as a replacement of ferrous alloys. For high mechanical properties and the need for a significant weight saving, aluminum casting is considered one of the best options for automotive applications.
- Increased usage of high-performance wheels in passenger cars, owing to its remarkable properties, namely proper replacement, optimum dimension, massive load carrying capacity, and correct fitment, is expected to create new avenues over the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Automotive Wheels Aftermarket Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Automotive Wheels Aftermarket Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Automotive Wheels Aftermarket: Vehicle Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Automotive Wheels Aftermarket: Vehicle Type Movement Analysis, USD Billion, 2023 & 2030
- 4.3. Passenger Vehicles
- 4.3.1. Passenger Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Commercial Vehicles
- 4.4.1. Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Automotive Wheels Aftermarket: Material Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Automotive Wheels Aftermarket: Material Type Movement Analysis, USD Billion, 2023 & 2030
- 5.3. Alloy
- 5.3.1. Alloy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Steel
- 5.4.1. Steel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Aluminum
- 5.5.1. Aluminum Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Automotive Wheels Aftermarket: Rim Size Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Automotive Wheels Aftermarket: Rim Size Movement Analysis, USD Billion, 2023 & 2030
- 6.3. 13 - 19
- 6.3.1. 13 - 19 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. 19 - 21
- 6.4.1. 19 - 21 Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. 21 & above
- 6.5.1. 21 & above Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Automotive Wheels Aftermarket: Coating Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Automotive Wheels Aftermarket: Coating Type Movement Analysis, USD Billion, 2023 & 2030
- 7.3. Liquid Coating
- 7.3.1. Liquid Coating Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Powdered Coating
- 7.4.1. Powdered Coating Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Automotive Wheels Aftermarket: Distribution Channel Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Automotive Wheels Aftermarket: Distribution Channel Movement Analysis, USD Billion, 2023 & 2030
- 8.3. Retailers
- 8.3.1. Retailers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4. W&D
- 8.4.1. W&D Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Automotive Wheels Aftermarket: Regional Estimates & Trend Analysis
- 9.1. Automotive Wheels Aftermarket Share, By Region, 2023 & 2030, USD Billion
- 9.2. North America
- 9.2.1. North America Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.3. Canada
- 9.2.3.1. Canada Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3. Europe
- 9.3.1. Europe Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3.2. UK
- 9.3.2.1. UK Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3.3. Germany
- 9.3.3.1. Germany Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3.4. France
- 9.3.4.1. France Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.2. Japan
- 9.4.2.1. Japan Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.3. China
- 9.4.3.1. China Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.4. India
- 9.4.4.1. India Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.5. Australia
- 9.4.5.1. Australia Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.6. South Korea
- 9.4.6.1. South Korea Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.5. Latin America
- 9.5.1. Latin America Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.2. South Africa
- 9.6.2.1. South Africa Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.3. Saudi Arabia
- 9.6.3.1. Saudi Arabia Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.4. UAE
- 9.6.4.1. UAE Automotive Wheels Aftermarket Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles
- 10.4.1. RONAL GROUP
- 10.4.1.1. Participant's Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Recent Developments/ Strategic Initiatives
- 10.4.2. BORBET
- 10.4.2.1. Participant's Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Recent Developments/ Strategic Initiatives
- 10.4.3. Enkei International, Inc.
- 10.4.3.1. Participant's Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Recent Developments/ Strategic Initiatives
- 10.4.4. MAXION Wheels
- 10.4.4.1. Participant's Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Recent Developments/ Strategic Initiatives
- 10.4.5. AEZ Leichtmetallrader GmbH
- 10.4.5.1. Participant's Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Recent Developments/ Strategic Initiatives
- 10.4.6. BBS Autotechnik GmbH
- 10.4.6.1. Participant's Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Recent Developments/ Strategic Initiatives
- 10.4.7. Beyern Wheels
- 10.4.7.1. Participant's Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Recent Developments/ Strategic Initiatives
- 10.4.8. O.Z. S.p.A.
- 10.4.8.1. Participant's Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Recent Developments/ Strategic Initiatives
- 10.4.9. CMWheels
- 10.4.9.1. Participant's Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Product Benchmarking
- 10.4.9.4. Recent Developments/ Strategic Initiatives
- 10.4.10. Forgiato
- 10.4.10.1. Participant's Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Product Benchmarking
- 10.4.10.4. Recent Developments/ Strategic Initiatives
- 10.4.1. RONAL GROUP
