Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Alloy Wheels Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Automotive Alloy Wheels Market?
The Automotive Alloy Wheels Global Market Report shows that the market size has seen considerable growth in the past years. The market, valued at $20.26 billion in 2024, is expected to increase to $21.77 billion in 2025. This indicates a compound annual growth rate (CAGR) of 7.5%.
What Are the Expected Market Growth Trends for the Automotive Alloy Wheels Market Through 2029?
The Automotive Alloy Wheels Global Market is projected to reach a market size of $31.07 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.3%.
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What Are the Key Business Drivers in the Automotive Alloy Wheels Market Landscape?
The key drivers in the automotive alloy wheels market are:
• Implementation of strict fuel efficiency standards
• Surge in the electric vehicle (EV) sector
• Rising focus on using sustainable materials
• Innovations in alloy wheel design and finishing
How Is the Automotive Alloy Wheels Market Divided Across Key Categories?
The automotive alloy wheels market covered in this report is segmented –
1) By Finishing Type: Powder Coated Or Painted Lacquered, Diamond Cut, Spilt Wheel, Chrome Wheel, Anodized, Other Finishing Types
2) By Material Type: Aluminum Alloy, Titanium Alloy, Magnesium Alloy
3) By Wheel Size Type: Compact-Size, Mid-Size, Full-Size
4) By Vehicle Type: Passenger Car, Commercial Vehicle
5) By Sales Channel: Original Equipment Manufacturer(OEM), After market
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What Are the Ongoing Trends in the Automotive Alloy Wheels Market?
The key trends in the automotive alloy wheels market are:
• There is a trend towards material innovation in the automotive alloy wheels market.
• The emphasis on design customization is increasing.
• The influence of electric vehicles on the market is a growing trend.
• Enhanced focus on sustainable manufacturing and smart, connected features is anticipated.
Which Companies are Expanding in the Automotive Alloy Wheels Industry?
Major players in the automotive alloy wheels market are:
• Alcoa Corporation
• Arconic Corporation
• BBS Kraftfahrzeugtechnik AG
• Borbet GmbH
• Enkei Corporation
• Foshan Nanhai Zhongnan Aluminum Wheel Co. Ltd.
• MHT Luxury Alloys
• Maxion Wheels Inc.
• Ronal AG
• Superior Industries International Inc.
• Topy Industries Limited
• TSW Alloy Wheels
• Washi Beam Co. Ltd.
• Wheel Pros LLC
• Kosei Aluminum Co. Ltd.
• OZ S.p.A.
• HRE Performance Wheels
• American Racing LLC
• YHI International Limited
• Advanti Racing USA
• Vossen Wheels Inc.
• Rotiform Wheels LLC
• Forgeline Motorsports Inc.
• Weld Racing LLC
• Project Fifteen52 LLC
• Fastco Canada Limited
• VCT Wheels
• Status Alloy Wheels Inc.
• SOTA Offroad Inc.
• Asanti Inc.
• Lexani Corporation
• KMC Wheels Inc.
• Moto Metal Wheels
Which is the Largest Region the Global Automotive Alloy Wheels Market?
North America was the largest region in the automotive alloy wheels market in 2024
