Automotive Wheel Market Scope And Analysis

Report Code : TIPRE00007193
Category : Automotive and Transportation

No. of Pages : 150

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Automotive Wheel Market Trends and Scope by 2031

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Automotive Wheel Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	6.1%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Material Carbon Fiber Steel Alloy By Wheel Type Off-Road and On-Road By Vehicle Type Passenger Cars Commercial Vehicles By Rim Size Upto 15
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Continental AG Robert Bosch GmbH AISIN SEIKI CO LTD Haldex AB Denso Corporation Hyundai Mobis Co Ltd Brembo SpA ZF Friedrichshafen AG Knorr Bremse AG Meritor Inc

Automotive Wheel Market News and Recent Developments

The automotive wheel market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive wheel market are listed below:

Pirelli and the BMW Group have worked together to unveil new 20-inch P Zero Winter 2 tires for the BMW 7 Series which focus on range capabilities, thanks to its “A class” European labeling for rolling resistance. This collaborative effort sets a new benchmark especially for all-electric vehicle tires, offering drivers an exceptional driving experience with extended range, uncompromised comfort, and outstanding performance in winter conditions on different surfaces (Source: Pirelli, Company Website, June 2024)
Maxion Wheels, the world’s largest wheel manufacturer, announced today that its newest truck steel wheels plant with partner Inci Holding is ready to open in Turkey. The two companies will also build a plant to offer forged aluminum Commercial Vehicle (CV) wheels beginning in 2024. The combined investments are more than USD 150 million from 2021 through 2031, over the next few years, and further enhance Maxion Wheels’ existing globally leading steel wheel portfolio, while extending its reach to commercial vehicle applications where aluminum is the preferred solution. (Source: Maxion Wheels, Company Website, September 2022)

Automotive Wheel Market Report Coverage and Deliverables

The “Automotive Wheel Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Automotive wheel market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Automotive wheel market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST analysis
Automotive wheel market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive wheel market
Detailed company profiles