Automotive Aluminum Alloy Wheel Market

Automotive Aluminum Alloy Wheel Market, in terms of revenue, was estimated to be USD 16.06 Billion in 2021 and is expected to reach USD 28.94 Billion in 2028, growing at a CAGR of 8.78% from 2022 to 2028.

Scope of The Report

Many vehicles are made of cast aluminum due to the alloy in them being light and strong.  Aluminum alloy used for wheel usually contain 97% of aluminum. A second metal is added to provide durability since pure aluminum is too soft. There are three processes for making wheels from aluminum such as, forging, rolled forging and casting. Moreover, rising vehicle ownerships along with continuous support from the government for the adoption of alternative fuelled vehicles are further supporting the automotive aluminum wheel market growth. For instance, according to OICA as of 2017, the global vehicle production accounted for around 97.3 million units and Asia Pacific contributed for over 50% of the total global production. Increasing demand for vehicles across the globe is the primary and the most important factor that is boosting the growth of the global automotive aluminum wheels market. Automotive Aluminum Alloy Wheel (AAAW) Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate AAAW Market place for the forecast 2022– 2028.

The study provides a decisive view of the global AAAW market by segmenting the market based on product type, application and region. Based on type, automotive aluminum wheel market is segmented into painting wheels, polished wheels, plating wheels, and vacuum plating wheel.

Automotive Aluminum Alloy Wheel Companies

• CITIC Dicastal
• Ronal Wheels
• Superior Industries
• Borbet
• Iochpe-Maxion
• Alcoa
• Wanfeng Auto
• Uniwheel Group
• Lizhong Group
• Topy Group
• Enkei Wheels
• Zhejiang Jinfei
• Accuride
• YHI
• Yueling Wheels
• Zhongnan Aluminum Wheels

Key Market Segments

By Material Type

• Alloy(Aluminum and Magnesium)
• Steel
• Carbon Fiber

By Vehicle Type

• Senger CarPas
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

By End User

• Original Equipment Manufacturer OEM)
• Aftermarket

Regional Analysis Market

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of ME

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 16.06 Billion
Base year considered	2021
Forecast Period CAGR %:	8.78%
Market Size Expected in 2028:	USD 28.94 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	CITIC Dicastal, Ronal Wheels, Superior Industries, Borbet, Iochpe-Maxion, Alcoa, Wanfeng Auto, Uniwheel Group, Lizhong Group, Topy Group, Enkei Wheels, Zhejiang Jinfei, Accuride, YHI, Yueling Wheels, Zhongnan Aluminum Wheels
Segments Covered	By Material Type, By Vehicle Type, By End User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Afric