Automotive Wheels Aftermarket Value Projected to Expand by 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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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

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 and 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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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

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