Automotive Wheel Market

By Rim Size;

13-15 Inch, 16-18 Inch, 19-21 Inch and Above 21 Inch

By Finishing and Coating;

Powder-Coated, Diamond-Cut & Machined, Chrome & Polished and Painted

By Vehicle Propulsion;

Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV & PHEV), Battery Electric Vehicle (BEV) and Fuel-Cell Electric Vehicle (FCEV)

By End Use and Sales Channel;

Original Equipment Manufacturer (OEM) & Aftermarket [Replacement & Performance and Customization]

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn883533398 Published Date: September, 2025 Updated Date: October, 2025

Automotive Wheel Market Overview

Automotive Wheel Market (USD Million)

Automotive Wheel Market was valued at USD 45,721.11 million in the year 2024. The size of this market is expected to increase to USD 67,844.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.


Automotive Wheel Market

*Market size in USD million

CAGR 5.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.8 %
Market Size (2024)USD 45,721.11 Million
Market Size (2031)USD 67,844.78 Million
Market ConcentrationMedium
Report Pages366
45,721.11
2024
67,844.78
2031

Major Players

  • Enkei International, Inc.
  • Accuride Corporation
  • Iochpe-Maxion
  • HRE Performance Wheels
  • BORBET GmbH
  • Ford
  • Maxion Wheels
  • Maxion Inci Wheel Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Automotive Wheel Market

Fragmented - Highly competitive market without dominant players



The Automotive Wheel Market is witnessing robust growth, driven by rising demand for vehicle efficiency, performance, and aesthetic appeal. Wheels play a critical role in supporting vehicle load, ensuring road stability, and enhancing overall driving safety. With nearly 75% of consumers prioritizing vehicle design and style, the demand for innovative and lightweight wheel solutions continues to expand.

Growing Demand for Lightweight Materials
The push toward fuel efficiency and reduced emissions is encouraging manufacturers to adopt lightweight materials such as aluminum and alloys. These materials account for almost 60% of modern wheel production, helping improve handling and lowering fuel consumption. This trend is expected to accelerate as automakers integrate eco-friendly solutions into their product offerings.

Emphasis on Safety and Durability
With vehicle safety becoming a major consumer concern, the adoption of high-strength wheels is gaining momentum. Nearly 65% of road accidents are linked to wheel and tire performance, underscoring the importance of durable and well-engineered wheels. Advanced designs that enhance braking efficiency and ensure long-term reliability are shaping consumer choices across vehicle categories.

Technological Advancements in Wheel Manufacturing
Continuous innovations in manufacturing technology are transforming the wheel industry. Around 45% of manufacturers are investing in advanced processes such as forging and 3D printing to produce lighter, stronger, and more stylish wheels. These advancements not only improve performance but also align with the growing preference for customized wheel designs.

Future Outlook and Market Potential
The automotive wheel market is positioned for steady expansion as vehicle electrification, personalization trends, and sustainability goals continue to influence industry dynamics. With nearly 50% of automakers focusing on strategic collaborations for wheel innovation, the market is set to benefit from technological progress and evolving consumer preferences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Rim Size
    2. Market Snapshot, By Finishing and Coating
    3. Market Snapshot, By Vehicle Propulsion
    4. Market Snapshot, By End Use and Sales Channel
    5. Market Snapshot, By Region
  4. Automotive Wheel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Consumer demand for customization rises
        2. Vehicle dynamics and lightweight demand rising
        3. Vehicle production on the rise
      2. Restraints
        1. Environmental concerns
        2. Enthusiast decline
        3. Raw material volatility
      3. Opportunities
        1. EV adoption drives lightweight demand
        2. Aftermarket expansion widens market
        3. Innovative wheels utilize advanced materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. CompetitiveRivalry
  5. Market Segmentation
    1. Automotive Wheel Market, By Rim Size, 2021 - 2031 (USD Million)
      1. 13-15 Inch
      2. 16-18 Inch
      3. 19-21 Inch
      4. Above 21 Inch
    2. Automotive Wheel Market, By Finishing and Coating, 2021 - 2031 (USD Million)
      1. Powder-Coated
      2. Diamond-Cut & Machined
      3. Chrome & Polished
      4. Painted
    3. Automotive Wheel Market, By Vehicle Propulsion, 2021 - 2031 (USD Million)
      1. Internal Combustion Engine (ICE)
      2. Hybrid Electric Vehicle (HEV & PHEV)
      3. Battery Electric Vehicle (BEV)
      4. Fuel-Cell Electric Vehicle (FCEV)
    4. Automotive Wheel Market, By End Use and Sales Channel, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturer (OEM) & Aftermarket
        1. Replacement & Performance
        2. Customization
    5. Automotive Wheel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Maxion Wheels
      2. Superior Industries International
      3. Accuride Corporation
      4. Steel Strips Wheels Limited
      5. Hitachi Metals Ltd.
      6. Enkei Corporation
      7. CITIC Dicastal
      8. Zhejiang Wanfeng Auto Wheel
      9. Borbet GmbH
      10. Ronal Group
      11. Prime Wheel Corporation
      12. Kosei Aluminum Co., Ltd.
      13. RAYS Co., Ltd.
      14. Foshan Nanhai Zhongnan Aluminum Wheel
      15. Wheel Pros LLC
      16. American Racing
      17. HRE Wheels
      18. OZ Racing
      19. BBS (KW automotive GmbH)
      20. Forgiato
      21. AEZ Leichtmetallräder GmbH
      22. CMWheels
      23. Uniwheels
      24. Super Alloy Industrial Co. Ltd.
      25. Hayes Lemmerz International Inc.
      26. American Eagle Wheels Corp.
      27. Dana Incorporated
      28. Continental AG
      29. Aisin Seiki Co. Ltd.
      30. Michelin Group
      31. Goodyear Tire & Rubber Company
      32. Tenneco Inc.
      33. Alcoa Corporation
      34. Pirelli & C. S.p.A.
      35. Carlisle Companies Inc.
      36. Toyo Tire & Rubber Co. Ltd.
      37. Zhongding Group Inc.
      38. IOCHPE-Maxion SA
      39. Steel Strips Wheels Ltd.
      40. Wheel Pros LLC
      41. Super Alloy Industrial Co. Ltd.
      42. Hayes Lemmerz International Inc.
      43. American Eagle Wheels Corp.
      44. Dana Incorporated
  7. Analyst Views
  8. Future Outlook of the Market