Rising Demand for Automotive Wheels Aftermarket Key Players, Growth Analysis during 2022-2028

The global automotive wheels aftermarket is anticipated to grow at a significant CAGR during the forecast period (2022-2028). 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.

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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.

Market Coverage

•                 The market number available for – 2021-2028

•                 Base year- 2021

•                 Forecast period- 2022-2028

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.

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Global 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

Global 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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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

 

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