Global Passenger Vehicle Wheels Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Passenger Vehicle Wheels Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Passenger Vehicle Wheels market size was valued at USD 14100 million in 2023 and is forecast to a readjusted size of USD 19180 million by 2030 with a CAGR of 4.5% during review period.

The wheel is a rotating component that bears the load between the tire and the axle. It usually consists of two main components, the rim and the spokes.

The global passenger vehicle wheel market is a relatively concentrated market, and the output share of the world's top companies will exceed 60% in 2022. The top five companies in the wheel market size are CITIC Dicastal, Iochpe-Maxion, Superior Industries, Borbet and RONAL GROUP. With the process of urbanization and economic development, population mobility and traffic demand are gradually increasing. As an important means of public transportation, the demand for passenger cars also increases accordingly. This drives the development of the passenger vehicle manufacturing industry, thereby driving the growth of the passenger vehicle wheels market.

The Global Info Research report includes an overview of the development of the Passenger Vehicle Wheels industry chain, the market status of Sedan & Hatchback (Steel Wheels, Aluminum Wheels), SUV (Steel Wheels, Aluminum Wheels), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Passenger Vehicle Wheels.

Regionally, the report analyzes the Passenger Vehicle Wheels markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Passenger Vehicle Wheels market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Passenger Vehicle Wheels market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Passenger Vehicle Wheels industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Steel Wheels, Aluminum Wheels).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Passenger Vehicle Wheels market.

Regional Analysis: The report involves examining the Passenger Vehicle Wheels market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Passenger Vehicle Wheels market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Passenger Vehicle Wheels:

Company Analysis: Report covers individual Passenger Vehicle Wheels manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Passenger Vehicle Wheels This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Sedan & Hatchback, SUV).

Technology Analysis: Report covers specific technologies relevant to Passenger Vehicle Wheels. It assesses the current state, advancements, and potential future developments in Passenger Vehicle Wheels areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Passenger Vehicle Wheels market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Passenger Vehicle Wheels market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Steel Wheels
Aluminum Wheels

Market segment by Application
Sedan & Hatchback
SUV
Other

Major players covered
CITIC Dicastal
Iochpe-Maxion
Superior Industries
Borbet
RONAL GROUP
Alcoa Wheels
Topy Group
Accuride
Lizhong Group
Wanfeng Auto Wheels
Zhengxing Group
Enkei Wheels
Jinfei Kaida Wheel Co.,LTD
Zhongnan Wheel
CEMAX
Jingu Group
Sunrise Wheel
Yueling Wheels
Dongfeng Motor Corporation

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Passenger Vehicle Wheels product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Passenger Vehicle Wheels, with price, sales, revenue and global market share of Passenger Vehicle Wheels from 2019 to 2024.

Chapter 3, the Passenger Vehicle Wheels competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Passenger Vehicle Wheels breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Passenger Vehicle Wheels market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Passenger Vehicle Wheels.

Chapter 14 and 15, to describe Passenger Vehicle Wheels sales channel, distributors, customers, research findings and conclusion.