Global Automotive Aluminum Wheel Market Growth 2023-2029

Global Automotive Aluminum Wheel Market Growth 2023-2029

Automotive Aluminum Wheel is made by the aluminum alloy. The aluminum wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.

LPI (LP Information)' newest research report, the “Automotive Aluminum Wheel Industry Forecast” looks at past sales and reviews total world Automotive Aluminum Wheel sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Aluminum Wheel sales for 2023 through 2029. With Automotive Aluminum Wheel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Aluminum Wheel industry.

This Insight Report provides a comprehensive analysis of the global Automotive Aluminum Wheel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Aluminum Wheel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Aluminum Wheel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Aluminum Wheel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Aluminum Wheel.

The global Automotive Aluminum Wheel market size is projected to grow from US$ 13680 million in 2022 to US$ 16360 million in 2029; it is expected to grow at a CAGR of 16360 from 2023 to 2029.

Global Automotive Aluminum Wheel key players include CITIC Dicastal, Superior Industries, Ronal Wheels, Borbet, Iochpe-Maxion, etc. Global top five manufacturers hold a share over 55%.

China is the largest market, with a share over 30%, followed by EU and North America, both have a share about 50%.

In terms of product, Casting is the largest segment, with a share over 70%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Aluminum Wheel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Casting

Forging

Others

Segmentation by application

Passenger Vehicle

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

CITIC Dicastal

Ronal Wheels

Superior Industries

Borbet

Iochpe-Maxion

Alcoa

Wanfeng Auto

Lizhong Group

Topy Group

Enkei Wheels

Zhejiang Jinfei

Accuride

YHI

Yueling Wheels

Zhongnan Aluminum Wheels

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Aluminum Wheel market?

What factors are driving Automotive Aluminum Wheel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Aluminum Wheel market opportunities vary by end market size?

How does Automotive Aluminum Wheel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.