The Market Reports

Synopsis
The global market for Alloy Wheels was estimated to be worth US$ 18613 million in 2024 and is forecast to a readjusted size of US$ 21966 million by 2031 with a CAGR of 2.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Alloy Wheels cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Most of automotive alloy wheel is made by aluminum alloy. The Automotive alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.
One of the primary drivers of the global alloy wheels market is the increasing consumer preference for improved aesthetics and vehicle performance. Alloy wheels, typically made from aluminum or magnesium alloys, offer several advantages over traditional steel wheels, such as lighter weight, enhanced heat conduction, and superior styling options. The reduction in vehicle weight not only contributes to better fuel efficiency but also improves acceleration, braking, and handling—factors that are highly valued by performance-conscious consumers. Furthermore, automakers are increasingly incorporating alloy wheels as standard or optional equipment in mid-range and premium vehicle models to meet rising customer expectations. This trend is particularly prominent in emerging economies where rising disposable income is driving the demand for cars with premium features. Additionally, the growing automotive aftermarket and customization culture, especially among younger demographics, is fueling the demand for aftermarket alloy wheels. As consumers seek to personalize their vehicles with visually appealing and functionally superior components, alloy wheels stand out as a key upgrade choice.
Despite the promising growth prospects, the alloy wheels market faces certain challenges that could hinder its expansion. One significant challenge is the relatively high cost of alloy wheels compared to conventional steel wheels. The manufacturing process for alloy wheels involves higher material and production costs, which translates to increased vehicle pricing for consumers. This cost sensitivity is particularly critical in price-conscious markets or during economic downturns when consumers prioritize affordability over aesthetics or performance. Moreover, alloy wheels, while lighter and more attractive, are also more susceptible to cracking and damage under extreme driving conditions or poor road infrastructure. This raises concerns about durability and maintenance costs, especially in regions with underdeveloped transport networks. Environmental regulations and sustainability pressures also pose challenges to the alloy wheel industry, as the extraction and processing of aluminum and magnesium are energy-intensive and environmentally taxing. Manufacturers are under growing pressure to adopt greener practices and materials, which may further increase production costs. Addressing these issues will be crucial for long-term market sustainability.
This report aims to provide a comprehensive presentation of the global market for Alloy Wheels, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Alloy Wheels by region & country, by Type, and by Application.
The Alloy Wheels market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Alloy Wheels.
Market Segmentation
By Company
CITIC Dicastal
Superior Industries
Iochpe-Maxion
Ronal Wheels
Borbet
Howmet Aerospace
Lizhong Group
Wanfeng Auto
Zhejiang Jinfei
Topy Group
Enkei Wheels
Accuride
Yueling Wheels
YHI
Zhongnan Aluminum Wheels
JC Forged
Wheels India
Otto Fuchs
Pomlead
Zeroneal
Segment by Type
Casting
Forging
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Alloy Wheels manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Alloy Wheels in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Alloy Wheels in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index