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Report overview
The global Automotive Alloy Wheel market was valued at US$ 11730 million in 2022 and is projected to reach US$ 14390 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Most of automotive alloy wheel is made by aluminum alloy. The Automotive alloy 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.
This report aims to provide a comprehensive presentation of the global market for Automotive Alloy Wheel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Alloy Wheel. This report contains market size and forecasts of Automotive Alloy Wheel in global, including the following market information:
The classification of Automotive Alloy Wheel includes Casting, Forging and Other. The proportion of Casting in 2019 is about 88.7%.
Automotive Alloy Wheel are widely used in Passenger Vehicle and Commercial Vehicle. The more than half of Automotive Alloy Wheel is used in Passenger Vehicle, and the sales proportion in 2019 is about 94.3%
Asia-Pacific is the largest consumption place, with a consumption market share nearly 54.07% in 2019. Following Asia-Pacific, Europe is the second largest consumption place with the consumption market share of 23.56%.
Market competition is intense. CITIC Dicastal, Ronal Wheels, Superior Industries, Borbet, Iochpe-Maxion, Howmet Aerospace, etc. are the leaders of the industry.
We surveyed the Automotive Alloy Wheel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Alloy Wheel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Alloy Wheel Market Segment Percentages, by Type, 2022 (%)
Global Automotive Alloy Wheel Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Alloy Wheel Market Segment Percentages, by Application, 2022 (%)
Global Automotive Alloy Wheel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Alloy Wheel Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Alloy Wheel revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Alloy Wheel revenues share in global market, 2022 (%)
Key companies Automotive Alloy Wheel sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Automotive Alloy Wheel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: