The Global Automotive Wheel Market is ready for significant growth, projected to increase from USD 31.56 billion in 2023 to USD 45.68 billion by 2031, representing a compound annual growth rate (CAGR) of 4.73% during the forecast period from 2024 to 2031. This comprehensive report by DataGuru Research Partners explores market dynamics at global, regional, and country levels, delving into key trends, technological advancements, and competitive analysis across various segments such as material type, rim size, vehicle category, and end use. The analysis includes a detailed examination of drivers, restraints, and opportunities that influence the automotive wheel market, supported by insights from value chain and Porter’s Five Forces analyses.

Market Overview

The Global Automotive Wheel Market was valued at USD 31.56 Billion in 2023 and is estimated to reach at USD 45.68 Billion in 2031 growing at a CAGR of 4.73% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Material, Rim Size, Vehicle Type, End Use, and Region.

Regional Analysis

Based on region, Global Automotive Wheel Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key countries covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.

Competition Landscape

The report covers company profiles and competition analysis of major players operating under Global Automotive Wheel Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Automotive Wheel Market are Thyssenkrupp, Iochpe-Maxion, Superior Industries International, Accuride, Steel Strips Wheels, Enkei wheels, Zhejiang Wanfeng Auto Wheel, Borbet Wheels, HRE Wheels, and Rays Wheels.

Market Segmentation

The Global Automotive Wheel Market can be segmented on the basis of Material, Rim Size, Vehicle Type, End Use, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.

Global Automotive Wheel Market Scope:   

Global Automotive Wheel Market by, Region and Countries:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

Reason to Purchase the Report:

• Latest trends in the market
• In depth market segmentation and cross regional / country analysis
• Market dynamics analysis including drivers, restraints and opportunities in the market
• Market sizing and segment analysis
• Competition Analysis including profiling of key market players
• Market share analysis and key strategies adopted by key players
• Recent developments and technological advancement by key players in the market
• Key takeaways from the research findings to take strategic decision in business needs