Automotive Alloy Wheel Market, By Type (Casting and Forging), By Application (Passenger Vehicle and Commercial Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Alloy wheels are the wheels that are made from an alloy of aluminum or magnesium. Alloys are mixture of a metal and other elements. They generally provide greater strength over pure metals, which are much softer and more ductile. The aluminum alloy wheel is most commonly used because of better heat conductivity, anti-corrosive properties and it is much lighter than steel and it is the best option for passenger vehicles. Lighter wheels provide quicker acceleration and faster shopping. To identify it is the alloy wheel one need to inspect the rim of the wheel. The rim is the exterior part of the wheel and some of the manufacturers often place their logo molded into the rim for identification. Alloys and their products need extra protection against corrosion. Processing cost also increases as compared to metals these are some of the drawbacks of alloys. One of the main disadvantages of alloy wheels is their durability. When impacted by the road, alloy wheels tend to bend and even crack more easily than tougher steel wheels. The automotive alloy wheel market accounted for US$ 19.34 billion in 2020 and is estimated to be US$ 39.50 billion by 2030 and is anticipated to register a CAGR of 7.5%.

Rising demand of light weight wheels

The widespread applications of alloys and their higher strength and lightweight increases the demand and drives the growth of the alloy wheels market. As it gives better appearance to the car when gets amplified. Increasing rules and regulations is estimated to uplifts the alloy wheel market. It helps in achieving better fuel economy and lower emissions. Surge in the sales of electric vehicles is another important factor that drives the target market. Rise in disposable income of consumers and revival of the global economy are boosting the demand for alloy wheels.

However, high cost of alloy wheels is the major root cause of that hampers the growth of the market. And the market is not properly organized for the alloy wheel which in turn restrains the growth of the market.

Automotive alloy wheel market is segmented based on type, application, and region.

On the basis of type, the automotive alloy wheel market is segmented into casting and forging. On the basis of application, the target market is segmented into passenger vehicle and commercial vehicle.

Regional Insights:

Automotive alloy wheel market accounted for US$ 19.34 billion in 2020 and is estimated to be US$ 39.50 billion by 2030 and is anticipated to register a CAGR of 7.5%. On region the automotive alloy wheel market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe held a significant position in the alloy wheel market owing to high production of vehicles and rising demand of luxurious cars among emerging countries of the region. Asia Pacific held a notable share in the automotive alloy wheel market due to presence of the major manufacturers and OEMs in these regions. North America is the home of several key manufacturers is expected to grow in the forecast period.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the automotive alloy wheel market report based on type, application, and region.

Automotive Alloy Wheel Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the automotive alloy wheel market includes CITIC Dicastal, Ronal Wheels, Superior Industries, Borbet GmbH, Iochpe-Maxion, Alcoa Corp, Wanfeng Auto, Uniwheel Group, Lizhong Group, Topy Group, Enkei Wheels.

Superior Industries

The Trailblazer Conveyor is 500 of fully-belted and assembled overland conveyor in a one-load, towable package. While overland convenyors offer the best cost of ownership for bulk handlers, they are not designed to accommodate portable operations.

• CITIC Dicastal
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Ronal Wheels
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Superior Industries
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Borbet GmbH
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Iochpe-Maxion
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Alcoa Corp
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Wanfeng Auto
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Uniwheel Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Lizhong Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Topy Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Enkei Wheels
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies