Automotive Wheel Rims Market
By Product Type;
Wire Spoke, Steel Disc, Light Alloy, Aluminium Alloy, Magnesium Alloy, Titanium Alloy, Chrome and TeflonBy Material Type;
Carbon Fiber Wheel Rims, Steel Disc Wheel Rims and Alloy Wheel RimsBy Rim Size;
11” to 20”, 21” to 25” and 26” to 35”By Sales Channel;
Original Equipment Manufacturers (OEMs) and AftermarketBy Vehicle;
Two-Wheelers, Cars, Heavy Vehicles, Buses and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Automotive Wheel Rims Market Overview
Automotive Wheel Rims Market (USD Million)
Automotive Wheel Rims Market was valued at USD 26,540.26 million in the year 2024. The size of this market is expected to increase to USD 46,527.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.4%.
Automotive Wheel Rims Market
*Market size in USD million
CAGR 8.4 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 8.4 % |
| Market Size (2024) | USD 26,540.26 Million |
| Market Size (2031) | USD 46,527.27 Million |
| Market Concentration | Medium |
| Report Pages | 383 |
Major Players
- TSW Alloy Wheels
- Euromax Wheel
- Maxion Wheels
- Voxx Wheel
- MHT Luxury Wheels
- Sota Offroad
- Status Wheels (TUFF A.T)
- Fuel Offroad Wheels
- Wheel Pros LLC.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Automotive Wheel Rims Market
Fragmented - Highly competitive market without dominant players
The Automotive Wheel Rims Market is experiencing notable growth, driven by rising demand for vehicle customization and the increasing focus on performance and aesthetics. As essential components of modern vehicles, wheel rims play a key role in ensuring durability, safety, and driving comfort. Nearly 60% of vehicle buyers today consider the design and quality of rims as an important factor influencing their purchase decision, reflecting their growing impact on consumer preferences.
Growing Emphasis on Lightweight Materials
One of the most prominent trends in the market is the shift toward lightweight rims, primarily made from alloys and advanced composites. These materials help reduce overall vehicle weight, thereby improving fuel efficiency and performance. Around 55% of newly produced vehicles now use alloy-based rims, highlighting the market’s strong adoption of weight-reduction strategies.
Rising Popularity of Aesthetic Customization
The market is also witnessing a surge in aesthetic upgrades as consumers increasingly seek personalized designs and finishes. Approximately 50% of aftermarket rim sales are driven by customization demands, including unique colors, patterns, and coatings. This trend underscores the dual role of wheel rims in both functionality and style enhancement within the automotive sector.
Integration with Advanced Technologies
Advancements in manufacturing technologies such as precision casting, 3D printing, and automated machining are reshaping the market landscape. These innovations ensure higher strength-to-weight ratios and improved design accuracy. Notably, nearly 40% of newly introduced rim models incorporate technology-driven enhancements that boost both performance and durability.
Market Outlook and Growth Potential
With the growing focus on vehicle efficiency, safety, and aesthetics, the automotive wheel rims market is positioned for steady expansion. Increasing investment in premium designs and the adoption of sustainable materials further strengthen the market’s trajectory. As more than 45% of collaborations in the industry focus on integrating innovative rim technologies, the market outlook remains highly promising.
Automotive Wheel Rims Market Key Takeaways
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Design drives demand: Nearly 60 % of vehicle buyers now consider wheel rim design and quality a major influence on their purchase decision.
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Lightweight rims are mainstream: Alloy-based rims are used in around 55 % of newly produced vehicles, underscoring the market’s shift toward enhanced fuel efficiency and performance.
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Customization fuels aftermarket sales: Approximately 50 % of aftermarket rim sales are motivated by appetite for unique colors, patterns, and coatings accentuating the blend of functionality and style.
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Technology is reshaping rim design: Around 40 % of new rim models feature tech-driven enhancements such as precision casting, 3D printing, and automated machining—for superior strength and durability.
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Collaborations strengthen innovation: More than 45 % of industry partnerships focus on integrating advanced rim technologies, signaling a growing emphasis on premium and sustainable designs.
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Digital channels elevate brand reach: About 40 % of sales are now driven through digital platforms, while branding and strong distribution channels account for nearly 65 % of competitive edge.
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Regional strategies yield growth: Geographic focus shapes competitiveness regional demand explains nearly 70 % of variation, and expansion into emerging markets contributes over 45 % of new revenues.
Automotive Wheel Rims Market Recent Developments
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In June 2023, Superior Industries announced a strategic partnership with a leading OEM to develop advanced aluminum wheel rim solutions, focusing on lightweight designs and improved efficiency for next-generation vehicles.
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In March 2022, Ronal Group completed a major investment to expand its production capabilities, aiming to increase output capacity and accelerate the adoption of innovative manufacturing technologies for high-performance automotive wheel rims.
Automotive Wheel Rims Market Segment Analysis
In this report, the Automotive Wheel Rims Market has been segmented by Product Type, Material Type, Rim Size, Sales Channel, Vehicle and Geography. The market is expanding due to technological advancements in lightweight materials, vehicle customization, and the rising focus on fuel efficiency and aesthetic enhancement across automotive segments.
Automotive Wheel Rims Market, Segmentation by Product Type
The Product Type segment outlines the various rim designs and materials catering to performance, durability, and visual appeal. The growing demand for custom rims and advanced coatings continues to influence purchasing behavior and OEM production strategies.
Wire Spoke
Wire Spoke rims are primarily used in classic and premium motorcycles, valued for their flexibility and aesthetic appeal. The segment benefits from increased production of retro-style two-wheelers and restoration trends among enthusiasts.
Steel Disc
Steel Disc rims dominate mass-market vehicles due to their affordability, high strength, and ease of production. Despite the shift toward lightweight alternatives, they remain vital in commercial and heavy-duty applications.
Light Alloy
Light Alloy rims offer superior weight reduction and improved heat dissipation. Widely used in passenger cars, their growing integration into mid-range and high-end models enhances fuel efficiency and handling performance.
Aluminium Alloy
Aluminium Alloy rims account for a large share of the market, driven by their corrosion resistance and design flexibility. The segment is expanding rapidly due to the lightweighting initiatives across global automotive manufacturers.
Magnesium Alloy
Magnesium Alloy rims are gaining traction in motorsports and high-performance vehicles owing to their extremely low density and strength-to-weight ratio. Increasing demand for premium sports cars supports this segment’s growth.
Titanium Alloy
Titanium Alloy rims serve niche applications in luxury and performance segments, valued for exceptional durability and corrosion resistance. Limited production volume and high costs restrict their wider adoption.
Chrome
Chrome rims remain popular in aftermarket customization for their shiny finish and aesthetic enhancement. Demand continues to grow in pickup trucks, SUVs, and luxury models due to increased consumer interest in personalization.
Teflon
Teflon-coated rims are designed for superior resistance to corrosion and dirt accumulation. These rims are increasingly adopted in premium vehicle categories due to their extended lifespan and low-maintenance benefits.
Automotive Wheel Rims Market, Segmentation by Material Type
The Material Type segment focuses on the raw materials that define rim strength, performance, and weight. Increasing focus on lightweight materials and advanced composites continues to shape the global competitive environment.
Carbon Fiber Wheel Rims
Carbon Fiber Wheel Rims are emerging as a premium choice for performance and electric vehicles due to their lightweight and high tensile strength. Despite their high cost, technological progress is enabling greater adoption in luxury segments.
Steel Disc Wheel Rims
Steel Disc Wheel Rims continue to dominate the low-cost and commercial vehicle segment. Their structural reliability and affordability make them the preferred choice for mass-market OEMs.
Alloy Wheel Rims
Alloy Wheel Rims offer a balance between durability, performance, and visual appeal. Increasing production of electric and hybrid vehicles is driving demand for lightweight alloys with superior thermal management capabilities.
Automotive Wheel Rims Market, Segmentation by Rim Size
The Rim Size segment emphasizes the growing diversity in vehicle designs and performance needs. Consumers are opting for larger rims to enhance vehicle aesthetics, stability, and road performance.
11” to 20”
11” to 20” rims represent the largest market share, primarily used in compact and mid-size cars. Their balance of performance, cost, and fuel efficiency drives continuous demand in the OEM sector.
21” to 25”
21” to 25” rims cater to premium SUVs, sedans, and sports cars, offering enhanced road grip and visual appeal. The segment is benefiting from the rising preference for luxury vehicles and high-end design upgrades.
26” to 35”
26” to 35” rims serve the off-road and heavy vehicle markets. These larger rims deliver enhanced load-bearing capacity and traction, particularly in trucks, agricultural machinery, and specialized transport vehicles.
Automotive Wheel Rims Market, Segmentation by Sales Channel
The Sales Channel segment differentiates between manufacturers’ supply to OEMs and the aftermarket demand. The balance between original fitment and customization trends continues to evolve as vehicle ownership patterns shift.
Original Equipment Manufacturers (OEMs)
OEMs dominate sales, driven by growing vehicle production and the incorporation of lightweight, high-strength materials during initial assembly. Strategic partnerships between rim manufacturers and automakers enhance long-term supply contracts.
Aftermarket
The Aftermarket segment is expanding rapidly due to vehicle customization and replacement demand. Increasing consumer preference for aesthetic upgrades, performance tuning, and seasonal replacements sustains robust aftermarket sales.
Automotive Wheel Rims Market, Segmentation by Vehicle
The Vehicle segment explores the diverse applications of wheel rims across transportation categories. The shift toward electric mobility, urban logistics, and premium vehicle design continues to redefine product development priorities.
Two-Wheelers
Two-Wheelers primarily utilize light alloy and wire spoke rims for optimal balance between durability and weight. Growing urbanization and affordable mobility solutions fuel consistent demand across emerging markets.
Cars
Cars hold the largest share, with aluminum and alloy rims becoming standard for fuel efficiency and styling. The rise in electric and hybrid vehicle models further strengthens this segment’s outlook.
Heavy Vehicles
Heavy Vehicles require robust steel and magnesium alloy rims to endure high load-bearing conditions. The ongoing boom in infrastructure and logistics enhances demand across this category.
Buses
Buses utilize steel and alloy wheel rims to improve structural strength and fuel efficiency. Public transportation modernization initiatives and fleet expansions in developing regions contribute significantly to this growth.
Others
Other vehicle types such as trailers and specialty vehicles use customized rims with reinforced materials for performance stability. Their demand correlates closely with industrial expansion and agricultural applications.
Automotive Wheel Rims Market, Segmentation by Geography
In this report, the Automotive Wheel Rims Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America leads the market due to high adoption of advanced alloys and large rim designs in trucks and SUVs. Robust aftermarket demand and consistent OEM investments sustain regional dominance.
Europe
Europe emphasizes lightweighting and environmental compliance, boosting the production of aluminum and carbon fiber rims. Premium automakers drive strong demand across Germany, Italy, and the UK.
Asia Pacific
Asia Pacific is the largest production hub, led by China, India, and Japan. Rapid vehicle manufacturing growth and cost-efficient labor drive mass production of steel and alloy rims across multiple vehicle segments.
Middle East and Africa
Middle East and Africa demonstrate rising potential through construction, logistics, and luxury vehicle imports. Expanding aftermarket networks are contributing to steady market penetration.
Latin America
Latin America experiences steady growth driven by industrial vehicle demand and regional automotive recovery. Emerging economies such as Brazil and Mexico are investing in modernization of production capacities.
Automotive Wheel Rims Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Automotive Wheel Rims Market. These factors include; Market Drivers, Restraints, and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints, and Opportunity Analysis
Drivers:
- Rising preference for customized wheel designs
- Growing demand for lightweight rims
- Stringent safety and emission regulations
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Technological advancements in manufacturing processes - Technological advancements in manufacturing processes play a crucial role in driving the growth of the automotive wheel market by improving efficiency, reducing production costs, and enhancing wheel performance. Innovations such as advanced casting, forging, and flow-forming techniques have enabled manufacturers to produce wheels that are lighter, stronger, and more durable. These processes not only enhance vehicle fuel efficiency but also contribute to better handling and safety. The adoption of automation, robotics, and artificial intelligence (AI) in wheel manufacturing has further streamlined production, ensuring higher precision and consistency while reducing human error.
The integration of Industry 4.0 technologies, including IoT (Internet of Things) and data analytics, has transformed wheel manufacturing by enabling predictive maintenance, quality control, and real-time monitoring of production processes. Manufacturers now use computer-aided design (CAD) and finite element analysis (FEA) to optimize wheel structures, ensuring they meet rigorous safety and performance standards. Additionally, advancements in material science, such as the use of high-strength aluminum alloys, carbon fiber composites, and magnesium wheels, have led to the development of lightweight yet robust wheels. These innovations align with the automotive industry's push for fuel efficiency and sustainability, making them a key driver of market growth.
The adoption of 3D printing and additive manufacturing is revolutionizing the way wheels are designed and prototyped, allowing for rapid development and customization. These technologies enable manufacturers to create complex wheel structures with reduced material waste and improved production speed. Sustainability initiatives are also driving the use of eco-friendly coatings and surface treatments that enhance corrosion resistance while minimizing environmental impact. As automakers continue to prioritize performance, safety, and sustainability, technological advancements in manufacturing processes will remain a significant driving force in the expansion of the automotive wheel market.
Restraints:
- Consumer awareness challenges
- Fluctuating raw material prices
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Intense market competition - Intense market competition is a significant restraint in the automotive wheel market, as numerous players compete to capture market share by offering innovative, high-quality, and cost-effective products. Established manufacturers like Maxion Wheels, Enkei Corporation, and RONAL Group face competition from emerging regional players, leading to price wars and reduced profit margins. The presence of multiple brands offering similar products forces companies to continuously invest in research and development (R&D) to differentiate their offerings. However, R&D investments increase operational costs, making it challenging for smaller companies to sustain profitability while competing with industry giants.
The high level of competition also puts pressure on pricing strategies, as consumers and automakers seek the best value for money. Original Equipment Manufacturers (OEMs) negotiate aggressive pricing terms with suppliers, compelling wheel manufacturers to optimize production costs while maintaining product quality. Additionally, aftermarket competition is intensifying, with third-party suppliers offering a wide range of alloy and forged wheels at competitive prices. This forces leading brands to invest in marketing, branding, and customer engagement strategies to maintain their competitive edge. The challenge becomes more pronounced as demand for lightweight and high-performance wheels grows, requiring companies to balance cost efficiency with material innovation.
Market saturation in developed regions adds to the competitive pressure, as companies struggle to expand in already mature markets like North America and Europe. With limited room for growth, manufacturers must explore emerging markets such as India, China, and Southeast Asia, where demand for automobiles is rising. However, expanding into these markets introduces additional challenges, including adapting to local regulations, establishing distribution networks, and competing with domestic manufacturers who often have cost advantages. As competition intensifies, companies must continuously evolve their strategies to stay ahead, making it a key restraint in the automotive wheel market.
Opportunities:
- Sustainable manufacturing for eco-trends
- AI for predictive maintenance
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Smart tech for tire monitoring - The integration of smart technology for tire monitoring presents a significant opportunity in the automotive wheel market, as automakers and consumers increasingly prioritize safety, efficiency, and convenience. Smart tire monitoring systems, including Tire Pressure Monitoring Systems (TPMS) and Intelligent Tire Sensors, provide real-time data on tire pressure, temperature, and wear conditions. These technologies help prevent accidents caused by underinflated or overheated tires, improve fuel efficiency, and extend tire lifespan. As regulatory bodies across the world mandate the implementation of TPMS in vehicles, the demand for smart wheel and tire solutions is expected to rise.
Advancements in IoT (Internet of Things) and AI-driven analytics are further enhancing smart tire monitoring capabilities. Modern vehicles, especially electric and autonomous ones, are increasingly incorporating sensors that provide predictive maintenance alerts, helping fleet operators and individual drivers minimize downtime and reduce repair costs. Companies like Continental AG, Bridgestone, and Michelin are investing in sensor-equipped smart tires that communicate with vehicle systems and mobile apps, allowing for seamless integration with digital platforms. This trend is particularly beneficial for fleet management companies, where real-time tire monitoring improves operational efficiency and reduces unexpected breakdowns.
The growing emphasis on sustainability and energy efficiency is another key driver for smart tire technology adoption. By ensuring optimal tire pressure and alignment, these systems contribute to reduced rolling resistance, leading to lower fuel consumption and CO₂ emissions. The increasing adoption of connected and autonomous vehicles will further accelerate the development of intelligent tire monitoring solutions, as these vehicles rely heavily on real-time data for optimal performance. As the technology becomes more cost-effective and accessible, smart tire monitoring is set to become a standard feature in modern vehicles, creating vast opportunities for manufacturers, tech developers, and automotive service providers.
Automotive Wheel Rims Market Competitive Landscape Analysis
Automotive Wheel Rims Market is shaped by an intense level of competition where leading manufacturers focus on strategies such as product diversification, collaboration, and consistent quality improvement. Over 60% of the market share is concentrated among established players, while new entrants rely on innovation and niche offerings to capture a presence within this competitive space.
Market Structure and Concentration
The market demonstrates moderate concentration, with top-tier companies controlling over 55% of sales. Leading players emphasize mergers and partnerships to secure their positions, while mid-sized manufacturers target specialized segments. This structure creates a balanced competitive field, where expansion strategies are critical for sustaining long-term growth.
Brand and Channel Strategies
Brand visibility and strong distribution channels account for nearly 65% of success in the automotive wheel rims market. Companies invest heavily in marketing strategies and dealer networks to boost presence. Digital platforms now drive around 40% of sales, as firms leverage e-commerce, retail partnerships, and collaboration with automotive OEMs to maintain market strength.
Innovation Drivers and Technological Advancements
Technological advancements influence more than 50% of competitive differentiation. Companies integrate lightweight alloys, advanced coatings, and smart rim technologies to remain relevant. Continuous innovation through R&D investments and collaborative projects ensures firms adapt to rising performance standards and sustainability requirements, giving them a decisive edge in this evolving market.
Regional Momentum and Expansion
Regional demand accounts for nearly 70% of competitive variations, with firms tailoring strategies to local preferences and regulations. Expansion into emerging economies drives over 45% of new revenue growth, supported by partnerships with domestic distributors. Such regional focus ensures companies maintain resilience while pursuing sustainable growth and brand differentiation.
Future Outlook
The competitive trajectory of the automotive wheel rims market points toward intensified rivalry, with more than 60% of firms planning enhanced R&D investments. The integration of smart manufacturing and digital supply chains will redefine efficiency. Future growth will rely on balanced strategies combining innovation, collaboration, and strategic expansion to meet evolving industry demands.
Key players in Automotive Wheel Rims Market include:
- Maxion Wheels
- Alcoa Wheels
- Ronal Group
- Accuride Corporation
- Steel Strip Wheels Ltd.
- BORBET GmbH
- Enkei Corporation
- Wheel Pros LLC
- CITIC Dicastal Wheel Manufacturing Co. Ltd.
- Superior Industries International
- Mangels Industrial SA
- American Eagle Wheel Corporation
- TSW Alloy Wheels
- Vossen Wheels
- Konig Wheels
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Material Type
- Market Snapshot, By Rim Size
- Market Snapshot, By Sales Channel
- Market Snapshot, By Vehicle
- Market Snapshot, By Region
- Automotive Wheel Rims Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Rising preference for customized wheel designs
- Growing demand for lightweight rims
- Stringent safety and emission regulations
- Technological advancements in manufacturing processes
- Restraints
- Consumer awareness challenges
- Fluctuating raw material prices
- Intense market competition
- Opportunities
- Sustainable manufacturing for eco-trends
- AI for predictive maintenance
- Smart tech for tire monitoring
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Automotive Wheel Rims Market, By Product Type, 2021 - 2031 (USD Million)
- Wire Spoke
- Steel Disc
- Light Alloy
- Aluminium Alloy
- Magnesium Alloy
- Titanium Alloy
- Chrome
- Teflon
- Automotive Wheel Rims Market, By Material Type, 2021 - 2031 (USD Million)
- Carbon Fiber Wheel Rims
- Steel Disc Wheel Rims
- Alloy Wheel Rims
- Automotive Wheel Rims Market, By Rim Size, 2021 - 2031 (USD Million)
- 11” to 20”
- 21” to 25”
- 26” to 35”
- Automotive Wheel Rims Market, By Sales Channel, 2021 - 2031 (USD Million)
- Original Equipment Manufacturers (OEMs)
- Aftermarket
- Automotive Wheel Rims Market, By Vehicle, 2021 - 2031 (USD Million)
- Two-Wheelers
- Cars
- Heavy Vehicles
- Buses
- Others
- Automotive Wheel Rims Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Automotive Wheel Rims Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Maxion Wheels
- Alcoa Wheels
- Ronal Group
- Accuride Corporation
- Steel Strip Wheels Ltd.
- BORBET GmbH
- Enkei Corporation
- Wheel Pros LLC
- CITIC Dicastal Wheel Manufacturing Co. Ltd.
- Superior Industries International
- Mangels Industrial SA
- American Eagle Wheel Corporation
- TSW Alloy Wheels
- Vossen Wheels
- Konig Wheels
- Company Profiles
- Analyst Views
- Future Outlook of the Market

