The global Forged Alloy Aluminum Wheel market was valued at US$ 3651.7 million in 2022 and is projected to reach US$ 5130.3 million by 2029, at a CAGR of 5.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
This report aims to provide a comprehensive presentation of the global market for Forged Alloy Aluminum 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 Forged Alloy Aluminum Wheel. This report contains market size and forecasts of Forged Alloy Aluminum Wheel in global, including the following market information:
Global Forged Alloy Aluminum Wheel Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Forged Alloy Aluminum Wheel Market Sales, 2018-2023, 2024-2029, (K Unit)
Global top five Forged Alloy Aluminum Wheel companies in 2022 (%)
Market competition is intense. Superior Industries, Arconic, CITIC Dicastal, Borbet, Gemsy Wheels, Hongxin Wheel, etc. are the leaders of the industry. Arconic was the first company in the rank, accounted for 27.18% market share in 2019. In the future, the forged alloy alumunium wheel will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature. The installed rate in the commercial vehicle will increase. The penetration of forged wheels is expected to grow moderate over the coming years.
We surveyed the Forged Alloy Aluminum 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 Forged Alloy Aluminum Wheel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Unit)
Global Forged Alloy Aluminum Wheel Market Segment Percentages, by Type, 2022 (%)
Global Forged Alloy Aluminum Wheel Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Unit)
Global Forged Alloy Aluminum Wheel Market Segment Percentages, by Application, 2022 (%)
- Passenger Vehicle
- Commercial Vehicle
Global Forged Alloy Aluminum Wheel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Unit)
Global Forged Alloy Aluminum Wheel Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Forged Alloy Aluminum Wheel revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Forged Alloy Aluminum Wheel revenues share in global market, 2022 (%)
- Key companies Forged Alloy Aluminum Wheel sales in global market, 2018-2023 (Estimated), (K Unit)
- Key companies Forged Alloy Aluminum Wheel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Arconic
- Superior Industries
- CITIC Dicastal
- Gemsy Wheels
- Hongxin Wheel
- Borbet
- Accuride
- BBS JAPAN
- Ronal Wheels
- Wanfeng Auto
- RAYS Wheels
- Zhejiang Jinfei
- Lizhong Group
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Forged Alloy Aluminum Wheel, market overview.
- Chapter 2: Global Forged Alloy Aluminum Wheel market size in revenue and volume.
- Chapter 3: Detailed analysis of Forged Alloy Aluminum Wheel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Forged Alloy Aluminum Wheel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Forged Alloy Aluminum Wheel capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
