Global Wheel Market Growth 2023-2029

Global Wheel Market Growth 2023-2029

The wheel is a rigid wheel that holds the inner edge of the tire, supports the tire and bears the load together with the tire.Also the combination of tires, rims and spokes collectively referred to as wheels.The wheel assembly consists of two major components, the wheel and the tire.
LPI (LP Information)' newest research report, the “Wheel Industry Forecast” looks at past sales and reviews total world Wheel sales in 2022, providing a comprehensive analysis by region and market sector of projected Wheel sales for 2023 through 2029. With Wheel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wheel industry.
This Insight Report provides a comprehensive analysis of the global 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 Wheel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wheel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Wheel.
The global Wheel market size is projected to grow from US$ 21520 million in 2022 to US$ 27620 million in 2029; it is expected to grow at a CAGR of 27620 from 2023 to 2029.
The global wheel market is a relatively concentrated market, with the output share of 19 major enterprises reaching 66% and the market scale accounting for 69% before 2019.The top five enterprises in wheel market size are citic daika, iochpe-maxion, Superior Industries, Borbet and RONAL GROUP.Citic daika dominates the list, accounting for 12.57% of the market in 2019.The second - and third-ranked companies are iochpe-maxion and Superior Industries.
This report presents a comprehensive overview, market shares, and growth opportunities of Wheel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Steel Wheels
Aluminum Wheels
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
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wheel market?
What factors are driving Wheel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wheel market opportunities vary by end market size?
How does 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.