The global automotive wheels aftermarket is anticipated to grow at a significant CAGR during the forecast period. The major factor driving the growth of the global automotive wheels aftermarket during the forecast period is the increasing demand for lightweight materials in the automobile industry across the globe. Additionally, the rising sales of passenger cars with the changing preferences of consumers is also boosting the growth of the market.
Furthermore, the growth of the market is can also be attributed to the owing to the stringent focus on lightweight materials and fuel consumption by the governments of developed regions such as Europe and North America. Moreover, the growing accident rates as well as changing consumer preferences for stylish wheels coupled with the government and market players to reduce carbon emissions is also boosting the growth of the global automotive wheels aftermarket during the forecast period.
The major companies serving the global automotive wheels aftermarket include Borbet GmbH, Enkei group, Maxion Wheels, Ronal Group, Superior Industries, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in November-2019, Enkei Wheels announced that it has signed a Joint Venture agreement with Nikkei MC Aluminium Co. Ltd Japan, Century Metal Recycling Limited, India, and Enkei Corporation, Japan. to incorporate a Joint Venture Company for manufacturing, importing, exporting, processing of primary or secondary metal, metal scrap recycling, and selling of aluminium alloys in molten and ingot forms.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Vehicle Type
- By Aftermarket Type
- By Material Type
- By Coating Type
- By Product Type
- By Distribution Channel
- By Rim Size
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Borbet GmbH, Enkei group, Maxion Wheels, Ronal Group, Superior Industries.
Automotive Wheels Aftermarket Report by Segment
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Others
By Aftermarket Type
- New Wheel Replacement
- Refurbished Wheel Fitment
By Material Type
- Alloy
- Steel
- Others
By Coating Type
- Liquid Coating
- Powdered Coating
By Product Type
- Regular Wheels
- High-Performance Wheels
By Distribution Chanel
- Retail
- Wholesaler and Distributors
By Rim Size
- 13-15 Inch
- 16-18 Inch
- 19-21 Inch
- Above 21 Inch
A full Report of Automotive Wheels Aftermarket is Available @ https://www.omrglobal.com/industry-reports/automotive-wheels-aftermarket
Automotive Wheels Aftermarket Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- ACCURIDE CORP
- AEZ GROUP
- BEYERN WHEELS
- CM WHEELS
- CENTRAL MOTOR WHEEL OF AMERICA
- FORGIATO
- HOWMET AEROSPACE
- KONIG
- THE CARLSTAR GROUP
- VOSSEN WHEELS
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