Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 34.53 Billion | USD 64.21 Billion | 6.40% | 2024 |
FrequentlyAsked Questions
An automotive wheel is an alloy or metal rim that is essential for supporting the tires of a vehicle.
The global automotive wheel market is expected to be driven by the increasing demand for two-wheelers across the globe.
According to study, the global automotive wheel market size was worth around USD 34.53 billion in 2024 and is predicted to grow to around USD 64.21 billion by 2034.
The CAGR value of the automotive wheel market is expected to be around 6.40% during 2025-2034.
The global automotive wheel market will be led by Asia-Pacific during the forecast period. China is expected to emerge as the highest revenue generator in the region.
The global automotive wheel market is led by players like SSR (Speed Star Racing), BBS (KW automotive GmbH), Niche Road Wheels, American Racing, BORBET GmbH, TSW Alloy Wheels, Anovia Wheels, ENKEI Corporation, FOSHAN NANHAI ZHONGNAN ALUMINIUM WHEEL CO., RAYS Engineering, Kosei Aluminium Co., Ltd., Vossen Wheels, OZ Racing, Wheel Pros, and Konig Wheels.
The report explores crucial aspects of the automotive wheel market, including a detailed discussion of existing growth factors and restraints, while browsing future growth opportunities and challenges that impact the market.
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