Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating, Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), Product, Distribution & Region - Global Forecast to 2027
Description
Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating, Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), Product, Distribution & Region - Global Forecast to 2027
The global automotive wheels aftermarket market is estimated to grow from USD 3.4 billion in 2022 at a CAGR of 3.5% to reach USD 4.1 billion by 2027. Increased demand for lightweight materials will boost the automotive wheels aftermarket. However, maintaining a balance between performance, cost, and weight creates a hurdle for the growth of the automotive wheels aftermarket.
“Stringent environmental regulations for zero or non-VOC coatings will propel the growth of powdered coating during the forecast period.”
The powdered coating segment is the fastest and largest growing segment of the automotive wheels aftermarket. Powdered coatings are ecofriendly and are anticipated to experience rapid growth because of unique features such as high corrosion resistance, chipping, high-quality finish, and abrasion. It also offers protection from moisture, heat, and chemicals. Further, these powdered coatings emit only a small amount of VOCs. The key factors driving the growth of the powder coating segment are reduced wastage and increasingly stringent environmental regulations for zero or non-VOC coatings.
“North America is expected to record the largest market during the forecast period.”
North America is the largest automotive wheels aftermarket. North America is home to leading vehicle manufacturers such as Ford Motor Company, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the governments in the manufacturing sector. The US is estimated to account for the largest share of the North American automotive wheels aftermarket during the forecast period. Players such as Maxion Wheels, Superior Industries, Accuride Corporation, Howmet Aerospace, Central Motor Wheels of America, Prime Wheel Corporation, Topy America, Inc etc, are few of the key and leading automotive wheel manufacturers across the globe. The US automotive industry is highly inclined toward innovation, technology, and development of high-performance and fuel-efficient vehicles. Factors such as stringent emission norms and rising demand for vehicle dynamics are expected to propel the automotive wheels aftermarket in North America.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the wheels aftermarket.
By Company Type: Tier I - 42%, Tier II - 40%, and Tier III - 18%,
By Designation: C Level - 57%, D Level - 29%, and Others - 14%
By Region: North America - 29%, Europe - 30%, Asia Pacific - 28%, Rest of the World- 13%
The automotive wheels aftermarket comprises major manufacturers such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Superior Industries (US), and Maxion Wheels (US).
Research Coverage:
The market study covers the wheels aftermarket across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by aftermarket type, vehicle type, coating type, material type, rim size, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive wheels aftermarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The global automotive wheels aftermarket market is estimated to grow from USD 3.4 billion in 2022 at a CAGR of 3.5% to reach USD 4.1 billion by 2027. Increased demand for lightweight materials will boost the automotive wheels aftermarket. However, maintaining a balance between performance, cost, and weight creates a hurdle for the growth of the automotive wheels aftermarket.
“Stringent environmental regulations for zero or non-VOC coatings will propel the growth of powdered coating during the forecast period.”
The powdered coating segment is the fastest and largest growing segment of the automotive wheels aftermarket. Powdered coatings are ecofriendly and are anticipated to experience rapid growth because of unique features such as high corrosion resistance, chipping, high-quality finish, and abrasion. It also offers protection from moisture, heat, and chemicals. Further, these powdered coatings emit only a small amount of VOCs. The key factors driving the growth of the powder coating segment are reduced wastage and increasingly stringent environmental regulations for zero or non-VOC coatings.
“North America is expected to record the largest market during the forecast period.”
North America is the largest automotive wheels aftermarket. North America is home to leading vehicle manufacturers such as Ford Motor Company, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the governments in the manufacturing sector. The US is estimated to account for the largest share of the North American automotive wheels aftermarket during the forecast period. Players such as Maxion Wheels, Superior Industries, Accuride Corporation, Howmet Aerospace, Central Motor Wheels of America, Prime Wheel Corporation, Topy America, Inc etc, are few of the key and leading automotive wheel manufacturers across the globe. The US automotive industry is highly inclined toward innovation, technology, and development of high-performance and fuel-efficient vehicles. Factors such as stringent emission norms and rising demand for vehicle dynamics are expected to propel the automotive wheels aftermarket in North America.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the wheels aftermarket.
By Company Type: Tier I - 42%, Tier II - 40%, and Tier III - 18%,
By Designation: C Level - 57%, D Level - 29%, and Others - 14%
By Region: North America - 29%, Europe - 30%, Asia Pacific - 28%, Rest of the World- 13%
The automotive wheels aftermarket comprises major manufacturers such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Superior Industries (US), and Maxion Wheels (US).
Research Coverage:
The market study covers the wheels aftermarket across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by aftermarket type, vehicle type, coating type, material type, rim size, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive wheels aftermarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
229 Pages
- OBJECTIVES OF THE STUDY
- MARKET DEFINITION
- MARKET SCOPE
- CURRENCY & PRICING
- PACKAGE SIZE
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- SECONDARY DATA
- PRIMARY DATA
- MARKET ESTIMATION METHODOLOGY
- MARKET SIZE ESTIMATION
- MARKET BREAKDOWN AND DATA TRIANGULATION
- FACTOR ANALYSIS
- ASSUMPTIONS
- RESEARCH LIMITATIONS
- EXECUTIVE SUMMARY
- ATTRACTIVE OPPORTUNITIES IN AUTOMOTIVE WHEELS AFTERMARKET
- NORTH AMERICA TO LEAD GLOBAL AUTOMOTIVE WHEELS AFTERMARKET
- AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE
- AUTOMOTIVE WHEELS AFTERMARKET, BY MATERIAL TYPE
- AUTOMOTIVE WHEELS AFTERMARKET, BY COATING TYPE
- AUTOMOTIVE WHEELS AFTERMARKET, BY AFTERMARKET TYPE
- AUTOMOTIVE WHEELS AFTERMARKET, BY RIM SIZE
- AUTOMOTIVE WHEELS AFTERMARKET, BY PRODUCT TYPE
- INTRODUCTION
- MARKET DYNAMICS
- PORTER'S FIVE FORCES ANALYSIS
- VALUE CHAIN ANALYSIS
- ECOSYSTEM ANALYSIS
- PATENT ANALYSIS
- CASE STUDY
- PRICING ANALYSIS
- REGULATORY OVERVIEW
- TECHNOLOGY ANALYSIS
- TRENDS AND DISRUPTIONS IN AUTOMOTIVE WHEELS AFTERMARKET
- AUTOMOTIVE WHEELS AFTERMARKET: COVID-19 IMPACT
- SCENARIO ANALYSIS
- LIST OF CONFERENCES & EVENTS
- LIST OF CONFERENCES & REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- INTRODUCTION
- NEW WHEEL REPLACEMENT
- REFURBISHED WHEEL FITMENT
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- LIQUID COATING
- POWDERED COATING
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- ALLOY
- STEEL
- OTHERS
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- 13–15 INCH
- 16–18 INCH
- 19–21 INCH
- ABOVE 21 INCH
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- COMMERCIAL VEHICLES
- PASSENGER CARS
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- HIGH-PERFORMANCE WHEELS
- REGULAR WHEELS
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- RETAILERS
- WHOLESALE AND DISTRIBUTION
- KEY PRIMARY INSIGHTS
- INTRODUCTION
- ASIA PACIFIC
- EUROPE
- NORTH AMERICA
- REST OF THE WORLD
- OVERVIEW
- MARKET RANKING ANALYSIS
- COMPETITIVE SCENARIO
- COMPANY EVALUATION QUADRANT
- STARTUP/SME EVALUATION QUADRANT
- AUTOMOTIVE WHEELS AFTERMARKET, STAKEHOLDERS MAP
- WHO SUPPLIES WHOM DATA
- MAXION WHEELS
- RONAL GROUP
- BORBET GMBH
- ENKEI CORPORATION
- SUPERIOR INDUSTRIES
- HOWMET AEROSPACE
- THE CARLSTAR GROUP
- CM WHEELS
- CENTRAL MOTOR WHEEL OF AMERICA
- ACCURIDE CORPORATION
- OTHER KEY PLAYERS
- NORTH AMERICA TO BE KEY MARKET FOR AUTOMOTIVE WHEELS AFTERMARKET
- GROWING DEMAND FOR LIGHTWEIGHT ALLOYS TO BOOST AUTOMOTIVE WHEELS AFTERMARKET
- CONCLUSION
- DISCUSSION GUIDE
- KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
