Automotive Wheels Market by Type, Component, Material, Rim Size, Application, Vehicle Class, Vehicle - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Automotive Wheels Market is forecasted to grow significantly, with a projected USD 34.44 billion in 2023 at a CAGR of 4.42% and expected to reach a staggering USD 46.69 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Automotive Wheels Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Automotive Wheels Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Off-Road Vehicle and On-Road Vehicle. The Off-Road Vehicle is further studied across Agriculture Tractor and Construction & Mining Equipment. The On-Road Vehicle commanded largest market share of 70.39% in 2022, followed by Off-Road Vehicle.

Based on Component, market is studied across The Hub, Valve System, Wheel Bearings, Wheel Fasteners, and Wheel Rims. The Wheel Rims commanded largest market share of 22.79% in 2022, followed by The Hub.

Based on Material, market is studied across Alloy, Carbon Fiber, and Steel. The Alloy commanded largest market share of 33.46% in 2022, followed by Steel.

Based on Rim Size, market is studied across 13"-15", 16"-18", 19"-21", and >21". The 19"-21" commanded largest market share of 34.21% in 2022, followed by 16"-18".

Based on Application, market is studied across Aftermarket and OEM. The Aftermarket commanded largest market share of 80.94% in 2022, followed by OEM.

Based on Vehicle Class, market is studied across Economy, Luxury Priced, and Mid-Priced. The Mid-Priced commanded largest market share of 41.21% in 2022, followed by Luxury Priced.

Based on Vehicle, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Vehicle. The Passenger Vehicle commanded largest market share of 42.02% in 2022, followed by Heavy Commercial Vehicle.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 51.90% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Automotive Wheels Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

Market Penetration: Provides comprehensive information on the market offered by the key players
Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

What is the market size and forecast of the Global Automotive Wheels Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Automotive Wheels Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Global Automotive Wheels Market?
What is the competitive strategic window for opportunities in the Global Automotive Wheels Market?
What are the technology trends and regulatory frameworks in the Global Automotive Wheels Market?
What is the market share of the leading vendors in the Global Automotive Wheels Market?
What modes and strategic moves are considered suitable for entering the Global Automotive Wheels Market?

Product Code: MRR-030C42D3ED3F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Automotive Wheels Market, by Type, 2022 vs 2030
4.3. Automotive Wheels Market, by Component, 2022 vs 2030
4.4. Automotive Wheels Market, by Material, 2022 vs 2030
4.5. Automotive Wheels Market, by Rim Size, 2022 vs 2030
4.6. Automotive Wheels Market, by Application, 2022 vs 2030
4.7. Automotive Wheels Market, by Vehicle Class, 2022 vs 2030
4.8. Automotive Wheels Market, by Vehicle, 2022 vs 2030
4.9. Automotive Wheels Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for lightweight material for wheels
  - 5.1.1.2. Surging automotive production and need for wheel replacement
  - 5.1.1.3. Government initiatives for fuel-efficient and electric vehicles
- 5.1.2. Restraints
  - 5.1.2.1. High cost of raw materials and manufacturing process
- 5.1.3. Opportunities
  - 5.1.3.1. Rapid development of automotive wheels attributed to rising preferences of specified wheels
  - 5.1.3.2. Exploration and advancement of new material and new composite in wheels
- 5.1.4. Challenges
  - 5.1.4.1. Performance limitations of some wheels
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Automotive Wheels Market, by Type

6.1. Introduction
6.2. Off-Road Vehicle
- 6.2.1. Agriculture Tractor
- 6.2.2. Construction & Mining Equipment
6.3. On-Road Vehicle

7. Automotive Wheels Market, by Component

7.1. Introduction
7.2. The Hub
7.3. Valve System
7.4. Wheel Bearings
7.5. Wheel Fasteners
7.6. Wheel Rims

8. Automotive Wheels Market, by Material

8.1. Introduction
8.2. Alloy
8.3. Carbon Fiber
8.4. Steel

9. Automotive Wheels Market, by Rim Size

9.1. Introduction
9.2. 13"-15"
9.3. 16"-18"
9.4. 19"-21"
9.5. >21"

10. Automotive Wheels Market, by Application

10.1. Introduction
10.2. Aftermarket
10.3. OEM

11. Automotive Wheels Market, by Vehicle Class

11.1. Introduction
11.2. Economy
11.3. Luxury Priced
11.4. Mid-Priced

12. Automotive Wheels Market, by Vehicle

12.1. Introduction
12.2. Heavy Commercial Vehicle
12.3. Light Commercial Vehicle
12.4. Passenger Vehicle

13. Americas Automotive Wheels Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Automotive Wheels Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Automotive Wheels Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. FPNV Positioning Matrix
16.2. Market Share Analysis, By Key Player
16.3. Competitive Scenario Analysis, By Key Player

17. List of Company Mentioned

18. Appendix

18.1. Discussion Guide
18.2. License & Pricing