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Global Automotive Alloy Wheel Market Research Report: By Finishing Type (Polished Alloy Wheel, Two-toned Alloy Wheel, and Others), Wheel Type (Compact-Size, Mid-Size, and Full-Size), Vehicle Type (Passenger Car and Commercial Vehicle), and Region (Europe, North America, Asia-Pacific, and Rest of the World)– Forecast till 2027
ID: MRFR/AM/2629-HCR | February 2021 | Region: Global | 110 pages
Market Synopsis
Alloy wheels for automobiles are made from aluminum, nickel, or magnesium material. The casting and forging method is used to manufacture alloy wheels. Whereas, the forged wheels are lighter and stronger but more expensive than cast alloy wheels. Alloy wheels provide greater strength, better heat conduction, and cosmetic appearance than steel wheels. Hence, consumers prefer alloy wheels for external styling of vehicle and good riding quality. The growing demand from Europe and Asia-Pacific, increasing alloy wheel repair service centers globally, increasing demand for lightweight wheels, and growing production and sales of electric vehicles are the key factors driving the global automotive alloy wheel market. Hence, the global automotive alloy wheel market is estimated to reach around USD 21 billion by 2025, registering a CAGR of ~5% during the forecast period.
The volatility of raw material prices and unorganized aftermarket for wheels are considered as the key factors restraining the growth of this market. However, improving economies of developing countries, growing demand for high-performance wheels, and rise in demand for advanced materials and new compositions in wheels are providing growth opportunities for the global market.
Segmentation: Automotive Alloy Wheel Market
The global automotive alloy wheel market has been segmented based on finishing type, wheel type, vehicle type, sales channel, and region. On the basis of finishing type, the global market has been segmented into polished alloy wheel, two-toned alloy wheel, and others. The two-toned alloy wheel segment is projected to grow at a rapid pace over the forecast period due to growing demand from SUVs. On the basis of wheel type, the global market has been segmented into compact-size, mid-size, and full-size. The compact-size segment is projected to grow at a substantial rate over the forecast period due to growing demand for lightweight wheels with high strength. On the basis of vehicle type, the global market has been segmented into passenger car and commercial vehicle. The passenger car segment is estimated to be dominant throughout the forecast period due to growing demand for passenger vehicles in emerging and developed countries. On the basis of sales channel, the global market has been segmented into OEM and aftermarket. The OEM segment is projected to be dominant throughout the forecast period due to presence of various OEM’s in developed regions, and due to the presence of a large consumer base. Furthermore, OEMs are more inclined toward the expansion of automotive wheel manufacturing facilities in emerging countries such as China, India, Mexico, and Brazil.
The market in Asia-Pacific is anticipated to hold the largest share, followed by North America and Europe throughout the forecast period due to growing production and sales of passenger car and commercial vehicles from China, Japan, Thailand, and Indonesia and growing industrialization. North America is projected to register substantial growth over the forecast period due to the increased preference for external styling and customization in wheels and growing uses of alloy wheels in vans, pickup trucks, and utility vehicles from the US and Canada. The market in Europe is growing due to growing demand for environment-friendly vehicle and ongoing industrialization across the region.
The major players operating in the global automotive alloy wheel market are Euromax Wheel (US), MHT Luxury Wheels (US), Status Wheels, Inc. (US), Wheel Pros, LLC (US), Fuel Off-Road Wheels (US), SOTA Offroad (US), Enkei Wheels India Ltd (India), Ronal AG (Switzerland), Uniwheels (Switzerland), and BBS Kraftfahrzeugtechnik AG (Germany)
The report for the global automotive alloy wheel market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Intended Audience:
- Alloy wheel manufacturers
- Distributer & Supplier companies
- End Users
- Raw material suppliers
- Government as well as independent regulatory authorities
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2025: USD 21 billion |
| CAGR | 5% CAGR (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Finishing Type, Wheel Type, Vehicle Type |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Euromax Wheel (US), MHT Luxury Wheels (US), Status Wheels, Inc. (US), Wheel Pros, LLC (US), Fuel Off-Road Wheels (US), SOTA Offroad (US), Enkei Wheels India Ltd (India), Ronal AG (Switzerland), Uniwheels (Switzerland), and BBS Kraftfahrzeugtechnik AG (Germany) |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers | Increasing demand for lightweight wheels, and growing production and sales of electric vehicles |
Frequently Asked Questions (FAQ) :
The market is will be valued with USD 21 billion by 2025.
The market’s growth is calculated for the CAGR of ~5%.
The growing demand from Europe and Asia-Pacific, increasing alloy wheel repair service centers globally are raisin the importance of the market.
The developing production and sales of electric vehicles are the key factors fueling the global automotive alloy wheel market.
Euromax Wheel (US), MHT Luxury Wheels (US), Status Wheels, Inc. (US), Wheel Pros, LLC (US) are the key competitors investing in the market share.
Table of Contents
1. Executive Summary
2. Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Sales Channel
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Automotive Alloy Wheel Market, by Finishing Type
5.1. Introduction
5.2. Polished Alloy Wheel
5.2.1. Market Estimates & Forecast, 2020-2027
5.2.2. Market Estimates & Forecast, by Region, 2020-2027
5.3. Two-toned Alloy Wheel
5.3.1. Market Estimates & Forecast, 2020-2027
5.3.2. Market Estimates & Forecast, by Region, 2020-2027
5.4. Others
5.4.1. Market Estimates & Forecast, 2020-2027
5.4.2. Market Estimates & Forecast, by Region, 2020-2027
6. Global Automotive Alloy Wheel Market, by Wheel Type
6.1. Introduction
6.2. Compact-Size
6.2.1. Market Estimates & Forecast, 2020-2027
6.2.2. Market Estimates & Forecast, by Region, 2020-2027
6.3. Mid-Size
6.3.1. Market Estimates & Forecast, 2020-2027
6.3.2. Market Estimates & Forecast, by Region, 2020-2027
6.4. Full-Size
6.4.1. Market Estimates & Forecast, 2020-2027
6.4.2. Market Estimates & Forecast, by Region, 2020-2027
7. Global Automotive Alloy Wheel Market, by Vehicle Type
7.1. Introduction
7.2. Passenger Car
7.2.1. Market Estimates & Forecast, 2020-2027
7.2.2. Market Estimates & Forecast, by Region, 2020-2027
7.3. Commercial Vehicle
7.3.1. Market Estimates & Forecast, 2020-2027
7.3.2. Market Estimates & Forecast, by Region, 2020-2027
8. Global Automotive Alloy Wheel Market, by Sales Channel
8.1. Introduction
8.2. OEM
8.2.1. Market Estimates & Forecast, 2020-2027
8.2.2. Market Estimates & Forecast, by Region, 2020-2027
8.3. Aftermarket
8.3.1. Market Estimates & Forecast, 2020-2027
8.3.2. Market Estimates & Forecast, by Region, 2020-2027
9. Global Automotive Alloy Wheel Market, by Region
9.1. Introduction
9.2. North America
9.2.1. Market Estimates & Forecast, by Country, 2020-2027
9.2.2. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.2.3. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.2.4. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.2.5. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.2.6. US
9.2.6.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.2.6.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.2.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.2.6.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.2.7. Canada
9.2.7.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.2.7.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.2.7.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.2.7.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.3. Europe
9.3.1. Market Estimates & Forecast, by Country, 2020-2027
9.3.2. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.3.3. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.3.4. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.3.5. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.3.6. UK
9.3.6.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.3.6.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.3.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.3.6.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.3.7. Germany
9.3.7.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.3.7.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.3.7.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.3.7.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.3.8. France
9.3.8.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.3.8.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.3.8.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.3.8.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.3.9. Italy
9.3.9.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.3.9.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.3.9.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.3.9.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.3.10. Rest of Europe
9.3.10.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.3.10.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.3.10.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.3.10.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.4. Asia-Pacific
9.4.1. Market Estimates & Forecast, by Country, 2020-2027
9.4.2. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.4.3. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.4.4. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.4.5. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.4.6. China
9.4.6.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.4.6.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.4.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.4.6.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.4.7. Japan
9.4.7.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.4.7.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.4.7.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.4.7.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.4.8. India
9.4.8.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.4.8.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.4.8.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.4.8.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.4.9. Rest of Asia-Pacific
9.4.9.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.4.9.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.4.9.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.4.9.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.4.9.5.
9.5. RoW
9.5.1. Market Estimates & Forecast, by Region, 2020-2027
9.5.2. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.5.3. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.5.4. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.5.5. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.5.6. Middle East & Africa
9.5.6.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.5.6.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.5.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.5.6.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
9.5.7. South America
9.5.7.1. Market Estimates & Forecast, by Finishing Type, 2020-2027
9.5.7.2. Market Estimates & Forecast, by Wheel Type, 2020-2027
9.5.7.3. Market Estimates & Forecast, by Sales Channel, 2020-2027
9.5.7.4. Market Estimates & Forecast, by Vehicle Type, 2020-2027
10. Competitive Landscape
11. Company Profiles
11.1. Euromax Wheel
11.1.1. Company Overview
11.1.2. Products/Services Offered
11.1.3. Financial Overview
11.1.4. Key Developments
11.1.5. Key Strategies
11.1.6. SWOT Analysis
11.2. MHT Luxury Wheels
11.2.1. Company Overview
11.2.2. Products/Services Offered
11.2.3. Financial Overview
11.2.4. Key Developments
11.2.5. Key Strategies
11.2.6. SWOT Analysis
11.3. Status Wheels, Inc.
11.3.1. Company Overview
11.3.2. Products/Services Offered
11.3.3. Financial Overview
11.3.4. Key Developments
11.3.5. Key Strategies
11.3.6. SWOT Analysis
11.4. Wheel Pros, LLC
11.4.1. Company Overview
11.4.2. Products/Services Offered
11.4.3. Financial Overview
11.4.4. Key Developments
11.4.5. Key Strategies
11.4.6. SWOT Analysis
11.5. Fuel Off-Road Wheels
11.5.1. Company Overview
11.5.2. Products/Services Offered
11.5.3. Financial Overview
11.5.4. Key Developments
11.5.5. Key Strategies
11.5.6. SWOT Analysis
11.6. SOTA Offroad
11.6.1. Company Overview
11.6.2. Products/Services Offered
11.6.3. Financial Overview
11.6.4. Key Developments
11.6.5. Key Strategies
11.6.6. SWOT Analysis
11.7. Enkei Wheels India Ltd
11.7.1. Company Overview
11.7.2. Products/Services Offered
11.7.3. Financial Overview
11.7.4. Key Developments
11.7.5. Key Strategies
11.7.6. SWOT Analysis
11.8. Ronal AG
11.8.1. Company Overview
11.8.2. Products/Services Offered
11.8.3. Financial Overview
11.8.4. Key Developments
11.8.5. Key Strategies
11.8.6. SWOT Analysis
11.9. Uniwheels
11.9.1. Company Overview
11.9.2. Products/Services Offered
11.9.3. Financial Overview
11.9.4. Key Developments
11.9.5. Key Strategies
11.9.6. SWOT Analysis
11.10. BBS Kraftfahrzeugtechnik AG
11.10.1. Company Overview
11.10.2. Products/Services Offered
11.10.3. Financial Overview
11.10.4. Key Developments
11.10.5. Key Strategies
11.10.6. SWOT Analysis
List of Tables
Table 1 Global Automotive Alloy Wheel Market, by Region, 2020-2027
Table 2 North America: Automotive Alloy Wheel Market, by Country, 2020-2027
Table 3 Europe: Automotive Alloy Wheel Market, by Country, 2020-2027
Table 4 Asia-Pacific: Automotive Alloy Wheel Market, by Country, 2020-2027
Table 5 RoW: Automotive Alloy Wheel Market, by Region, 2020-2027
Table 6 Global Automotive Alloy Wheel Market, by Finishing Type, by Regions, 2020-2027
Table 7 North America: Automotive Alloy Wheel Market, by Finishing Type, by Country, 2020-2027
Table 8 Europe: Automotive Alloy Wheel Market, by Finishing Type, by Country, 2020-2027
Table 9 Asia-Pacific: Automotive Alloy Wheel Market, by Finishing Type, by Country, 2020-2027
Table 10 RoW: Automotive Alloy Wheel Market, by Finishing Type, by Region, 2020-2027
Table 11 Global Automotive Alloy Wheel Market, by Wheel Type, by Regions, 2020-2027
Table 12 North America: Automotive Alloy Wheel Market, by Wheel Type, by Country, 2020-2027
Table 13 Europe: Automotive Alloy Wheel Market, by Wheel Type, by Country, 2020-2027
Table 14 Asia-Pacific: Automotive Alloy Wheel Market, by Wheel Type, by Country, 2020-2027
Table 15 Global Automotive Alloy Wheel Market, by Sales Channel, by Regions, 2020-2027
Table 16 North America: Automotive Alloy Wheel Market, by Sales Channel, by Country, 2020-2027
Table 17 Europe: Automotive Alloy Wheel Market, by Sales Channel, by Country, 2020-2027
Table 18 Asia-Pacific: Automotive Alloy Wheel Market, by Sales Channel, by Country, 2020-2027
Table 19 RoW: Automotive Alloy Wheel Market, by Sales Channel, by Region, 2020-2027
Table 20 Global Automotive Alloy Wheel Market, by Vehicle Type, by Regions, 2020-2027
Table 21 North America: Automotive Alloy Wheel Market, by Vehicle Type, by Country, 2020-2027
Table 22 Europe: Automotive Alloy Wheel Market, by Vehicle Type, by Country, 2020-2027
Table 23 Asia-Pacific: Automotive Alloy Wheel Market, by Vehicle Type, by Country, 2020-2027
Table 24 RoW: Automotive Alloy Wheel Market, by Vehicle Type, by Region, 2020-2027
Table 25 Global Automotive Alloy Wheel Market, by Finishing Type, 2020-2027
Table 26 Global Automotive Alloy Wheel Market, by Wheel Type, 2020-2027
Table 27 Global Automotive Alloy Wheel Market, by Sales Channel, 2020-2027
Table 28 Global Automotive Alloy Wheel Market, by Vehicle Type, 2020-2027
Table 29 North America: Automotive Alloy Wheel Market, by Finishing Type, 2020-2027
Table 30 North America: Automotive Alloy Wheel Market, by Wheel Type, 2020-2027
Table 31 North America: Automotive Alloy Wheel Market, by Sales Channel, 2020-2027
Table 32 North America: Automotive Alloy Wheel Market, by Vehicle Type, 2020-2027
Table 33 Europe: Automotive Alloy Wheel Market, by Finishing Type, 2020-2027
Table 34 Europe: Automotive Alloy Wheel Market, by Wheel Type, 2020-2027
Table 35 Europe: Automotive Alloy Wheel Market, by Sales Channel, 2020-2027
Table 36 Europe: Automotive Alloy Wheel Market, by Vehicle Type, 2020-2027
Table 37 Asia-Pacific: Automotive Alloy Wheel Market, by Finishing Type, 2020-2027
Table 38 Asia-Pacific: Automotive Alloy Wheel Market, by Wheel Type, 2020-2027
Table 39 Asia-Pacific: Automotive Alloy Wheel Market, by Sales Channel, 2020-2027
Table 40 Asia-Pacific: Automotive Alloy Wheel Market, by Vehicle Type, 2020-2027
Table 41 RoW: Automotive Alloy Wheel Market, by Finishing Type, 2020-2027
Table 42 RoW: Automotive Alloy Wheel Market, by Wheel Type, 2020-2027
Table 43 RoW: Automotive Alloy Wheel Market, by Sales Channel, 2020-2027
Table 44 RoW: Automotive Alloy Wheel Market, by Vehicle Type, 2020-2027
List of Figures
Figure 1 Research Process of MRFR
Figure 2 Top-Down and Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Automotive Alloy Wheel Market Share, by Finishing Type, 2020 (%)
Figure 9 Global Automotive Alloy Wheel Market, by Finishing Type, 2020-2027 (USD MILLION)
Figure 10 Global Automotive Alloy Wheel Market Share, by Wheel Type, 2020 (%)
Figure 11 Global Automotive Alloy Wheel Market, by Wheel Type, 2020-2027 (USD MILLION)
Figure 12 Global Automotive Alloy Wheel Market Share, by Sales Channel, 2020 (%)
Figure 13 Global Automotive Alloy Wheel Market, by Sales Channel, 2020-2027 (USD MILLION)
Figure 14 Global Automotive Alloy Wheel Market Share, by Vehicle Type, 2020 (%)
Figure 15 Global Automotive Alloy Wheel Market, by Vehicle Type, 2020-2027 (USD MILLION)
Figure 16 Global Automotive Alloy Wheel Market Share (%), by Region, 2020
Figure 17 Global Automotive Alloy Wheel Market, by Region, 2020-2027 (USD MILLION)
Figure 18 North America: Automotive Alloy Wheel Market Share (%), 2020
Figure 19 North America: Automotive Alloy Wheel Market, by Country, 2020-2027 (USD MILLION)
Figure 20 Europe: Automotive Alloy Wheel Market Share (%), 2020
Figure 21 Europe: Automotive Alloy Wheel Market, by Country, 2020-2027 (USD MILLION)
Figure 22 Asia-Pacific: Automotive Alloy Wheel Market Share (%), 2020
Figure 23 Asia-Pacific: Automotive Alloy Wheel Market, by Country, 2020-2027 (USD MILLION)
Figure 24 RoW: Automotive Alloy Wheel Market Share (%), 2020
Figure 25 RoW: Automotive Alloy Wheel Market, by Region, 2020-2027 (USD MILLION)