PUBLISHER: The Business Research Company | PRODUCT CODE: 1674414
PUBLISHER: The Business Research Company | PRODUCT CODE: 1674414
Automotive Wheel Aftermarket Global Market Report 2025
The automotive wheel aftermarket serves to replace damaged components in vehicles and other machinery. Aftermarket parts are replacements produced by third-party manufacturers, distinct from those manufactured by the original equipment manufacturer (OEM). These parts are designed to fit various vehicle types and are generally lower in cost compared to the original parts.
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 from The Business Research Company 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 size has grown steadily in recent years. It will grow from $4.96 billion in 2024 to $5.15 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to sustainability efforts, weight reduction trend, retail evolution, niche market growth, popularity of plus-sizing.
The automotive wheel aftermarket market size is expected to see strong growth in the next few years. It will grow to $6.41 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising vehicle sales, shift towards lightweight materials, growing preference for larger wheels, e-commerce and online retail expansion. Major trends in the forecast period include customization and personalization, advanced material technologies, aesthetic and stylistic preferences, rise in plus-sizing wheels.
The increasing sales of passenger cars are anticipated to drive the growth of the automotive wheel aftermarket in the coming years. Cars, which are four-wheeled vehicles used for transportation, have a high demand for aftermarket wheels due to their affordability and suitability as replacement wheels. For example, in September 2023, a report from the World Resources Institute, a US-based organization, revealed that in 2022, 10% of passenger vehicles sold worldwide were all-electric, marking a tenfold increase compared to five years prior. To meet international climate goals aimed at limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), electric vehicles (EVs) must make up 75% to 95% of passenger vehicle sales by 2030. Thus, the rising sales of passenger cars are fueling the growth of the automotive wheel aftermarket.
The growth of the e-commerce industry is expected to further propel the automotive wheel aftermarket in the future. E-commerce refers to the buying and selling of goods and services over the Internet. This platform enables consumers to easily explore a wide variety of wheel options, compare prices, and make personalized purchases. For instance, in June 2024, reports from Forbes, a US-based media company, indicated that in 2023, the number of e-commerce users in the UK reached around 60 million, with projections suggesting an increase to 62.1 million by 2025. Consequently, the growth of the e-commerce sector is contributing to the expansion of the automotive wheel aftermarket.
Innovations in new products have emerged as a prominent trend gaining traction in the automotive wheel aftermarket. Leading companies in this sector are concentrating on launching advanced products to expand their market reach. For example, in February 2022, MacLean-Fogg Component Solutions (MFCS), which specializes in engineered metal and plastic components, introduced its Threadstrong line of aftermarket wheel fasteners. This product line is designed for a variety of automotive applications, with a primary focus on improving safety and performance in wheel assemblies. These fasteners serve as high-quality alternatives to original equipment manufacturer (OEM) fasteners, addressing the demand for dependable aftermarket options. Engineered to comply with stringent safety standards, Threadstrong fasteners are ideal for high-performance vehicles where durability and reliability are essential. Constructed from stainless steel and other corrosion-resistant materials, they are designed to endure harsh environmental conditions, including extreme temperatures and exposure to road salts and chemicals.
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 include 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 Leichtmetallrader 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 2024. 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 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.
Reasons to Purchase
Scope
Table of Contents
1. Executive Summary
2. Automotive Wheel Aftermarket Market Characteristics
3. Automotive Wheel Aftermarket Market Trends And Strategies
4. Automotive Wheel Aftermarket Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Automotive Wheel Aftermarket Growth Analysis And Strategic Analysis Framework
- 5.1. Global Automotive Wheel Aftermarket PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Automotive Wheel Aftermarket Market Growth Rate Analysis
- 5.4. Global Automotive Wheel Aftermarket Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Automotive Wheel Aftermarket Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Automotive Wheel Aftermarket Total Addressable Market (TAM)
6. Automotive Wheel Aftermarket Market Segmentation
7. Automotive Wheel Aftermarket Market Regional And Country Analysis
8. Asia-Pacific Automotive Wheel Aftermarket Market
9. China Automotive Wheel Aftermarket Market
10. India Automotive Wheel Aftermarket Market
11. Japan Automotive Wheel Aftermarket Market
12. Australia Automotive Wheel Aftermarket Market
13. Indonesia Automotive Wheel Aftermarket Market
14. South Korea Automotive Wheel Aftermarket Market
15. Western Europe Automotive Wheel Aftermarket Market
16. UK Automotive Wheel Aftermarket Market
17. Germany Automotive Wheel Aftermarket Market
18. France Automotive Wheel Aftermarket Market
19. Italy Automotive Wheel Aftermarket Market
20. Spain Automotive Wheel Aftermarket Market
21. Eastern Europe Automotive Wheel Aftermarket Market
22. Russia Automotive Wheel Aftermarket Market
23. North America Automotive Wheel Aftermarket Market
24. USA Automotive Wheel Aftermarket Market
25. Canada Automotive Wheel Aftermarket Market
26. South America Automotive Wheel Aftermarket Market
27. Brazil Automotive Wheel Aftermarket Market
28. Middle East Automotive Wheel Aftermarket Market
29. Africa Automotive Wheel Aftermarket Market
30. Automotive Wheel Aftermarket Market Competitive Landscape And Company Profiles
31. Automotive Wheel Aftermarket Market Other Major And Innovative Companies
32. Global Automotive Wheel Aftermarket Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Automotive Wheel Aftermarket Market
34. Recent Developments In The Automotive Wheel Aftermarket Market
35. Automotive Wheel Aftermarket Market High Potential Countries, Segments and Strategies
36. Appendix
