Market Analysis and Insights: Global Aluminum Alloy Wheels Market

Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum 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.

Due to the COVID-19 pandemic, the global Aluminum Alloy Wheels market size is estimated to be worth US$ 20480 million in 2022 and is forecast to a readjusted size of US$ 22600 million by 2029 with a CAGR of 1.4% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Casting accounting for % of the Aluminum Alloy Wheels global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.

Global Aluminum Alloy Wheels main players are CITIC Dicastal, Borbet, Ronal Wheels, Alcoa, Superior Industries, etc. Global top five manufacturers hold a share over 40%. Asia-Pacific is the largest market, with a share nearly 50%.

Global Aluminum Alloy Wheels Scope and Market Size

The global Aluminum Alloy Wheels market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Aluminum Alloy Wheels market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Casting

Forging


Segment by Application


Passenger Vehicle

Commercial Vehicle

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


CITIC Dicastal

Borbet

Ronal Wheels

Alcoa

Superior Industries

Iochpe-Maxion

Uniwheel Group

Wanfeng Auto

Lizhong Group

Enkei Wheels

Zhejiang Jinfei

Accuride

Topy Group

Zhongnan Aluminum Wheels

YHI

Yueling Wheels

Guangdong Dcenti Auto-Parts