Automotive Wheels Market by Type (Off-Road Vehicle, On-Road Vehicle), Component (The Hub, Valve System, Wheel Bearings), Material, Rim Size, Application, Vehicle Class, Vehicle - Global Forecast 2023-2030

Automotive Wheels Market by Type (Off-Road Vehicle, On-Road Vehicle), Component (The Hub, Valve System, Wheel Bearings), Material, Rim Size, Application, Vehicle Class, Vehicle - Global Forecast 2023-2030

The Automotive Wheels Market is projected to reach USD 46.69 billion by 2030 from USD 33.02 billion in 2022, at a CAGR of 4.42% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Automotive Wheels Market.

• Based on Type, market is studied across Off-Road Vehicle and On-Road Vehicle. The Off-Road Vehicle is further studied across Agriculture Tractor and Construction & Mining Equipment. The On-Road Vehicle commanded largest market share of 70.39% in 2022, followed by Off-Road Vehicle.
• Based on Component, market is studied across The Hub, Valve System, Wheel Bearings, Wheel Fasteners, and Wheel Rims. The Wheel Rims commanded largest market share of 22.79% in 2022, followed by The Hub.
• Based on Material, market is studied across Alloy, Carbon Fiber, and Steel. The Alloy commanded largest market share of 33.46% in 2022, followed by Steel.
• Based on Rim Size, market is studied across 13”-15”, 16”-18”, 19”-21”, and >21”. The 19”-21” commanded largest market share of 34.21% in 2022, followed by 16”-18”.
• Based on Application, market is studied across Aftermarket and OEM. The Aftermarket commanded largest market share of 80.94% in 2022, followed by OEM.
• Based on Vehicle Class, market is studied across Economy, Luxury Priced, and Mid-Priced. The Mid-Priced commanded largest market share of 41.21% in 2022, followed by Luxury Priced.
• Based on Vehicle, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Vehicle. The Passenger Vehicle commanded largest market share of 42.02% in 2022, followed by Heavy Commercial Vehicle.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 51.90% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Automotive Wheels Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Automotive Wheels Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Automotive Wheels Market, highlighting leading vendors and their innovative profiles. These include Alcar Holding GmbH, BBS by KW automotive GmbH, Borbet GmbH, Enkei Corporation, Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd., Hitachi Metals Ltd., Kalink Co., Ltd., Lizhong Group, Maruti Suzuki India Limited, Ronal AG, Steel Strips Wheels Limited, Superior Industries International, Inc., Thyssenkrupp AG, Titan International Inc., and Trelleborg AB.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Automotive Wheels Market?
2. Which products, segments, applications, and areas hold the highest investment potential in the Automotive Wheels Market?
3. What is the competitive strategic window for identifying opportunities in the Automotive Wheels Market?
4. What are the latest technology trends and regulatory frameworks in the Automotive Wheels Market?
5. What is the market share of the leading vendors in the Automotive Wheels Market?
6. Which modes and strategic moves are suitable for entering the Automotive Wheels Market?

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