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 2024-2030
The Automotive Wheels Market size was estimated at USD 34.44 billion in 2023 and expected to reach USD 35.94 billion in 2024, at a CAGR 4.44% to reach USD 46.69 billion by 2030.
Global Automotive Wheels Market
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Automotive Wheels Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Wheels Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
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.
Market Segmentation & Coverage
This research report categorizes the Automotive Wheels Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Off-Road Vehicle
Agriculture Tractor
Construction & Mining Equipment
On-Road Vehicle
Component
The Hub
Valve System
Wheel Bearings
Wheel Fasteners
Wheel Rims
Material
Alloy
Carbon Fiber
Steel
Rim Size
13”-15”
16”-18”
19”-21”
>21”
Application
Aftermarket
OEM
Vehicle Class
Economy
Luxury Priced
Mid-Priced
Vehicle
Heavy Commercial Vehicle
Light Commercial Vehicle
Passenger Vehicle
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
Market Penetration: It presents comprehensive information on the market provided by key players.
Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
What is the market size and forecast of the Automotive Wheels Market?
Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Wheels Market?
What are the technology trends and regulatory frameworks in the Automotive Wheels Market?
What is the market share of the leading vendors in the Automotive Wheels Market?
Which modes and strategic moves are suitable for entering the Automotive Wheels Market?
Note: PDF & Excel + Online Access - 1 Year
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Automotive Wheels Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing demand for lightweight material for wheels
5.1.1.2. Surging automotive production and need for wheel replacement
5.1.1.3. Government initiatives for fuel-efficient and electric vehicles
5.1.2. Restraints
5.1.2.1. High cost of raw materials and manufacturing process
5.1.3. Opportunities
5.1.3.1. Rapid development of automotive wheels attributed to rising preferences of specified wheels
5.1.3.2. Exploration and advancement of new material and new composite in wheels
5.1.4. Challenges
5.1.4.1. Performance limitations of some wheels
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Automotive Wheels Market, by Type
6.1. Introduction
6.2. Off-Road Vehicle
6.3.1. Agriculture Tractor
6.3.2. Construction & Mining Equipment
6.3. On-Road Vehicle
7. Automotive Wheels Market, by Component
7.1. Introduction
7.2. The Hub
7.3. Valve System
7.4. Wheel Bearings
7.5. Wheel Fasteners
7.6. Wheel Rims
8. Automotive Wheels Market, by Material
8.1. Introduction
8.2. Alloy
8.3. Carbon Fiber
8.4. Steel
9. Automotive Wheels Market, by Rim Size
9.1. Introduction
9.2. 13”-15”
9.3. 16”-18”
9.4. 19”-21”
9.5. >21”
10. Automotive Wheels Market, by Application
10.1. Introduction
10.2. Aftermarket
10.3. OEM
11. Automotive Wheels Market, by Vehicle Class
11.1. Introduction
11.2. Economy
11.3. Luxury Priced
11.4. Mid-Priced
12. Automotive Wheels Market, by Vehicle
12.1. Introduction
12.2. Heavy Commercial Vehicle
12.3. Light Commercial Vehicle
12.4. Passenger Vehicle
13. Americas Automotive Wheels Market
13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States
14. Asia-Pacific Automotive Wheels Market
14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam
15. Europe, Middle East & Africa Automotive Wheels Market
15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom
16. Competitive Landscape
16.1. FPNV Positioning Matrix
16.2. Market Share Analysis, By Key Player
16.3. Competitive Scenario Analysis, By Key Player