Alloy Wheels Market By Material Type, By Type, By Rim Size, By Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global alloy wheels market is anticipated to reach $31.6 billion by 2031, growing from $17.6 billion in 2021, at a CAGR of 6.2% from 2022 to 2031.

The alloy wheel's appearance is its most prominent benefit. Alloy wheels are frequently available as a luxury option in high-end variations of Indian automobiles. The general structure is essentially the same whether it is marketed as "Diamond Cut" or "Laser edged". Alloy wheels are significantly lighter than standard steel wheels, which helps with weight reduction, fuel efficiency, braking, and acceleration. Due to their quicker heat dissipation than steel wheels, alloy wheels also help to extend the life of tires. Additionally, alloy wheels have higher grip and traction because of their lightweight construction, which transfers less weight to the coil spring. Additionally, there is a discernible change in steering and cornering ability.

The alloy wheels cost high for manufacture, are expensive to buy, and costly to repair. Due to their complex manufacturing process, alloy wheels are relatively costly. A customer has to pay approximately 50% more money to purchase an alloy wheel than for a steel wheel. As a result, automobile manufacturers do not use alloy wheels in their lower-end vehicles or, less expensive models. These factors are anticipated to hamper the market growth in the near future.

The use of real-time data collected from different equipment to assist in the supervision and direction of plant operations from remote places, reduces the need for human interaction in blast monitoring. Consequently, new alloy wheels systems are being deployed at a faster rate across a variety of sectors. These major factors are expected to drive the alloy wheels market growth during the forecast period.

Rapid growth in the awareness about the various benefits of the alloy wheels among the customers is the key factor that is anticipated to create better growth opportunities over the forecast period.

The use of automated condition monitoring technologies and increase in awareness of preventive maintenance are two factors contributing to the growth of the global alloy wheels market. The market for alloy wheels is expanding owing to increase in demand from new applications such as heating, ventilation, and cooling in manufacturing. The number of applications requiring blast monitoring has increased dramatically due to the global industrialization, which has boosted the market for alloy wheels globally.

The global market for automotive wheels was impacted by COVID-19. There have been disruptions in the supply chain as a result of factors like decreased vehicle sales, temporary closure of manufacturing facilities and enterprises that produce raw materials, and closing of international borders. The market is anticipated to rebound and expand favorably during the forecast period as things begin to return to normal.

The market for alloy wheels is anticipated to grow over the projected period as alloy wheels become more prevalent in mid-spec car models around the world and are made standard equipment on affordable car models in developing countries like India.

The key players profiled in this report include: Steel Strips Wheels Limited, Status Wheel, RONAL GROUP, CMWheels, MHT Luxury Wheels, Enkei International, Inc., BORBET GmbH, Maxion Wheels, UNIWHEELS Group, Superior Industries, and Others.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the alloy wheels market analysis from 2021 to 2031 to identify the prevailing alloy wheels market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the alloy wheels market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global alloy wheels market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Rim Size

12 Inches - 17 Inches
18 Inches - 21 Inches
More than 22 Inches

By Vehicle Type

Passenger Vehicle
Commercial Vehicle

By Material Type

Aluminum Alloy
Titanium Alloy
Magnesium Alloy

By Type

Forging
Casting
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA

Key Market Players

RONAL GROUP
Stamford Sport Wheels
Superior Industries International, Inc.
TSW Alloy Wheels
Fuel Off-Road Wheels
CITIC Dicastal Wheel Manufacturing Co
Steel Strips Wheels Ltd (SSWL)
MAXION Wheels
BORBET GmbH
Enkei Corporation
MHT Luxury Wheels

Product Code: A31905

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Market Share Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Value Chain Analysis

CHAPTER 4: ALLOY WHEELS MARKET, BY MATERIAL TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Aluminum Alloy
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Titanium Alloy
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Magnesium Alloy
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: ALLOY WHEELS MARKET, BY TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Forging
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Casting
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: ALLOY WHEELS MARKET, BY RIM SIZE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. 12 Inches - 17 Inches
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. 18 Inches - 21 Inches
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. More than 22 Inches
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: ALLOY WHEELS MARKET, BY VEHICLE TYPE

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Passenger Vehicle
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Commercial Vehicle
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country

CHAPTER 8: ALLOY WHEELS MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Material Type
- 8.2.3. Market size and forecast, by Type
- 8.2.4. Market size and forecast, by Rim Size
- 8.2.5. Market size and forecast, by Vehicle Type
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Material Type
  - 8.2.6.1.3. Market size and forecast, by Type
  - 8.2.6.1.4. Market size and forecast, by Rim Size
  - 8.2.6.1.5. Market size and forecast, by Vehicle Type
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Material Type
  - 8.2.6.2.3. Market size and forecast, by Type
  - 8.2.6.2.4. Market size and forecast, by Rim Size
  - 8.2.6.2.5. Market size and forecast, by Vehicle Type
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Key market trends, growth factors and opportunities
  - 8.2.6.3.2. Market size and forecast, by Material Type
  - 8.2.6.3.3. Market size and forecast, by Type
  - 8.2.6.3.4. Market size and forecast, by Rim Size
  - 8.2.6.3.5. Market size and forecast, by Vehicle Type
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Material Type
- 8.3.3. Market size and forecast, by Type
- 8.3.4. Market size and forecast, by Rim Size
- 8.3.5. Market size and forecast, by Vehicle Type
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Material Type
  - 8.3.6.1.3. Market size and forecast, by Type
  - 8.3.6.1.4. Market size and forecast, by Rim Size
  - 8.3.6.1.5. Market size and forecast, by Vehicle Type
  - 8.3.6.2. UK
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Material Type
  - 8.3.6.2.3. Market size and forecast, by Type
  - 8.3.6.2.4. Market size and forecast, by Rim Size
  - 8.3.6.2.5. Market size and forecast, by Vehicle Type
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Material Type
  - 8.3.6.3.3. Market size and forecast, by Type
  - 8.3.6.3.4. Market size and forecast, by Rim Size
  - 8.3.6.3.5. Market size and forecast, by Vehicle Type
  - 8.3.6.4. Spain
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Material Type
  - 8.3.6.4.3. Market size and forecast, by Type
  - 8.3.6.4.4. Market size and forecast, by Rim Size
  - 8.3.6.4.5. Market size and forecast, by Vehicle Type
  - 8.3.6.5. Italy
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Material Type
  - 8.3.6.5.3. Market size and forecast, by Type
  - 8.3.6.5.4. Market size and forecast, by Rim Size
  - 8.3.6.5.5. Market size and forecast, by Vehicle Type
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Material Type
  - 8.3.6.6.3. Market size and forecast, by Type
  - 8.3.6.6.4. Market size and forecast, by Rim Size
  - 8.3.6.6.5. Market size and forecast, by Vehicle Type
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Material Type
- 8.4.3. Market size and forecast, by Type
- 8.4.4. Market size and forecast, by Rim Size
- 8.4.5. Market size and forecast, by Vehicle Type
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Material Type
  - 8.4.6.1.3. Market size and forecast, by Type
  - 8.4.6.1.4. Market size and forecast, by Rim Size
  - 8.4.6.1.5. Market size and forecast, by Vehicle Type
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Material Type
  - 8.4.6.2.3. Market size and forecast, by Type
  - 8.4.6.2.4. Market size and forecast, by Rim Size
  - 8.4.6.2.5. Market size and forecast, by Vehicle Type
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Material Type
  - 8.4.6.3.3. Market size and forecast, by Type
  - 8.4.6.3.4. Market size and forecast, by Rim Size
  - 8.4.6.3.5. Market size and forecast, by Vehicle Type
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Material Type
  - 8.4.6.4.3. Market size and forecast, by Type
  - 8.4.6.4.4. Market size and forecast, by Rim Size
  - 8.4.6.4.5. Market size and forecast, by Vehicle Type
  - 8.4.6.5. Australia
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Material Type
  - 8.4.6.5.3. Market size and forecast, by Type
  - 8.4.6.5.4. Market size and forecast, by Rim Size
  - 8.4.6.5.5. Market size and forecast, by Vehicle Type
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by Material Type
  - 8.4.6.6.3. Market size and forecast, by Type
  - 8.4.6.6.4. Market size and forecast, by Rim Size
  - 8.4.6.6.5. Market size and forecast, by Vehicle Type
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Material Type
- 8.5.3. Market size and forecast, by Type
- 8.5.4. Market size and forecast, by Rim Size
- 8.5.5. Market size and forecast, by Vehicle Type
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Brazil
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Material Type
  - 8.5.6.1.3. Market size and forecast, by Type
  - 8.5.6.1.4. Market size and forecast, by Rim Size
  - 8.5.6.1.5. Market size and forecast, by Vehicle Type
  - 8.5.6.2. Saudi Arabia
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Material Type
  - 8.5.6.2.3. Market size and forecast, by Type
  - 8.5.6.2.4. Market size and forecast, by Rim Size
  - 8.5.6.2.5. Market size and forecast, by Vehicle Type
  - 8.5.6.3. United Arab Emirates
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Material Type
  - 8.5.6.3.3. Market size and forecast, by Type
  - 8.5.6.3.4. Market size and forecast, by Rim Size
  - 8.5.6.3.5. Market size and forecast, by Vehicle Type
  - 8.5.6.4. South Africa
  - 8.5.6.4.1. Key market trends, growth factors and opportunities
  - 8.5.6.4.2. Market size and forecast, by Material Type
  - 8.5.6.4.3. Market size and forecast, by Type
  - 8.5.6.4.4. Market size and forecast, by Rim Size
  - 8.5.6.4.5. Market size and forecast, by Vehicle Type
  - 8.5.6.5. Rest of LAMEA
  - 8.5.6.5.1. Key market trends, growth factors and opportunities
  - 8.5.6.5.2. Market size and forecast, by Material Type
  - 8.5.6.5.3. Market size and forecast, by Type
  - 8.5.6.5.4. Market size and forecast, by Rim Size
  - 8.5.6.5.5. Market size and forecast, by Vehicle Type

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1. MAXION Wheels
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
10.2. BORBET GmbH
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
10.3. Enkei Corporation
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
10.4. MHT Luxury Wheels
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
10.5. RONAL GROUP
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
10.6. Stamford Sport Wheels
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
10.7. Superior Industries International, Inc.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
10.8. TSW Alloy Wheels
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
10.9. Fuel Off-Road Wheels
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
10.10. CITIC Dicastal Wheel Manufacturing Co
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
10.11. Steel Strips Wheels Ltd (SSWL)
- 10.11.1. Company overview
- 10.11.2. Key Executives
- 10.11.3. Company snapshot