Automotive wheel rims are circular metal components of a vehicle's wheel that provide structural support for the tire and connect the wheel to the vehicle's axle. They come in various sizes, designs, and materials, contributing to both the functionality and aesthetic appearance of the vehicle.
The main types of automotive wheel rims include wire spoke wheel rims, steel disc wheel rims, light alloy wheel rims, aluminum alloy wheel rims, magnesium alloy wheel rims, titanium alloy wheel rims, chrome wheel rims, and teflon wheel rims. Wire-spoke wheel rims, commonly used in motorcycles and classic cars, feature a central hub with spokes radiating outward to an outer rim. The materials used for these rims include alloy, steel, and carbon fiber. They are applied in various vehicles such as two-wheelers, cars, heavy vehicles, and buses. The end users of these rims include original equipment manufacturers and the aftermarket.
The automotive wheel rims market research report is one of a series of new reports from The Business Research Company that provides automotive wheel rims market statistics, including automotive wheel rims industry global market size, regional shares, competitors with an automotive wheel rims market share, detailed automotive wheel rims market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive wheel rims industry. This automotive wheel rims research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive wheel rims market size has grown strongly in recent years. It will grow from $41.87 billion in 2024 to $45.21 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increased demand for alloy-based wheel rims, increasing demand for lightweight materials, rise in electric vehicle adoption, rise in hybrid vehicle production, and rise in global urbanization.
The automotive wheel rims market size is expected to see strong growth in the next few years. It will grow to $60.75 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the rising production of vehicles, rising preferences of luxury car owners for rim with various designs, rising automotive production, increasing disposable income, and growing popularity of electric and hybrid vehicles. Major trends in the forecast period include technological advancements, innovative rim designs, integration in vehicles, integration of smart technologies, aerodynamic designs, and lightweight materials.
The increasing production of vehicles is expected to drive the growth of the automotive wheel rim market. Vehicle production is rising due to growing consumer demand, expanding markets, and technological advancements that spur automotive innovation. Automotive wheel rims are crucial components that provide a stable base for mounting tires, ensure an airtight seal, offer structural support, and help distribute the vehicle's weight evenly across the wheels, enhancing stability and handling. For example, according to the International Organization of Automobile Manufacturers, a France-based trade association, global motor vehicle production increased from 84.83 million in 2022 to 93.55 million in 2023. Thus, the rising production of vehicles is boosting the growth of the automotive wheel rim market.
Leading companies in the automotive wheel rims market are developing innovative products, such as aluminum alloy wheels, to better serve customers with advanced features. Aluminum alloy wheels, made from a combination of aluminum and other metals, enhance their properties for use in vehicles. These wheels are lighter and more durable than traditional steel wheels, offering benefits such as improved handling, fuel efficiency, and aesthetics. For instance, in September 2023, Uno Minda Limited, an India-based battery manufacturing company, collaborated with Kosei Aluminum Co., Ltd., a Japan-based manufacturer of aluminum wheels, to launch a new premium range of alloy wheels in India. These alloy wheels are designed to deliver enhanced vehicle handling and fuel efficiency, ensuring optimal performance on Indian roads. They also emphasize aesthetic appeal, offering a range of designs that cater to diverse tastes in the automotive enthusiast community.
In October 2023, Steel Strips Wheels Ltd., an India-based manufacturer of steel wheel rims, acquired AMW Auto Component Limited for $16.5 million. This acquisition aims to strengthen Steel Strips' position in the automotive components sector by leveraging AMW Auto Component's expertise and production capabilities. AMW Auto Component Limited, based in India, provides wheel rims for passenger, commercial, and agricultural vehicles.
Major companies operating in the automotive wheel rims market are Alcoa Wheels, Maxion Wheels, Wanfeng Auto Holding Group Co. Ltd., Superior Industries International Inc., Ronal AG, BORBET GmbH, Steel Strips Wheels Ltd., Wheel Pros LLC, Mangels Industrial SA, American Eagle Wheel Corporation, Enkei International Inc., Accuride Corporation, Team Dynamics Motorsport, TSW Alloy Wheels, Vossen Wheels, Fuel Off-Road Wheels, CITIC Dicastal Wheel Manufacturing Co. Ltd., Konig Wheels, SOTA Offroad, Euromax Corporation, MHT Luxury Alloys, CM Wheels Ltd., Uniwheels AG
Asia-Pacific was the largest region in the automotive wheel rims market in 2024. The regions covered in the automotive wheel rims market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive wheel rims market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive wheel rims market consists of sales of split rims, beadlock rims, spoke rims, and forged rims. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Wheel Rims Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive wheel rims market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for automotive wheel rims ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive wheel rims market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Automotive Wheel Rims Market Characteristics
3. Automotive Wheel Rims Market Trends And Strategies
4. Automotive Wheel Rims Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Automotive Wheel Rims Growth Analysis And Strategic Analysis Framework
5.1. Global Automotive Wheel Rims PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Automotive Wheel Rims Market Growth Rate Analysis
5.4. Global Automotive Wheel Rims Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Automotive Wheel Rims Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Automotive Wheel Rims Total Addressable Market (TAM)
6. Automotive Wheel Rims Market Segmentation
6.1. Global Automotive Wheel Rims Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Wire Spoke Wheel Rims
Steel Disc Wheel Rims
Light Alloy Wheel Rims
Aluminium Alloy Wheel Rims
Magnesium Alloy Wheel Rims
Titanium Alloy Wheel Rims
Chrome Wheel Rims
Teflon Wheel Rims
6.2. Global Automotive Wheel Rims Market, Segmentation By Material Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Alloy
Steel
Carbon Fiber
6.3. Global Automotive Wheel Rims Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Two Wheelers
Cars
Heavy Vehicles
Buses
Other Applications
6.4. Global Automotive Wheel Rims Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Original Equipment Manufacturer
Aftermarket
6.5. Global Automotive Wheel Rims Market, Sub-Segmentation Of Wire Spoke Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Traditional Wire Spoke Rims For Classic Cars
Stainless Steel Wire Spoke Rims
Chrome Plated Wire Spoke Rims
Performance Wire Spoke Rims For Motorcycles
Lightweight Wire Spoke Rims For Custom Builds
6.6. Global Automotive Wheel Rims Market, Sub-Segmentation Of Steel Disc Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Single Piece Steel Disc Rims
Multi-Piece Steel Disc Rims
Powder-Coated Steel Disc Rims
Steel Disc Rims For Heavy-Duty Vehicles
Steel Disc Rims For Budget Cars
6.7. Global Automotive Wheel Rims Market, Sub-Segmentation Of Light Alloy Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Forged Light Alloy Rims
Cast Light Alloy Rims
Powder-Coated Light Alloy Wheels
Multi-Spoke Light Alloy Rims
Lightweight Alloy Wheels For Performance Cars
6.8. Global Automotive Wheel Rims Market, Sub-Segmentation Of Aluminum Alloy Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Cast Aluminum Alloy Wheels
Forged Aluminum Alloy Wheels
Polished And Painted Aluminum Alloy Rims
Lightweight Aluminum Alloy Rims For Electric Vehicles (EVs)
High-Performance Aluminum Alloy Rims For Sports Cars
6.9. Global Automotive Wheel Rims Market, Sub-Segmentation Of Magnesium Alloy Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Forged Magnesium Alloy Wheels
Cast Magnesium Alloy Wheels
Lightweight Magnesium Alloy Rims For Racing Cars
Magnesium Alloy Rims For High-Performance Sports Cars
Magnesium Alloy Wheels For Luxury And High-End Vehicles
6.10. Global Automotive Wheel Rims Market, Sub-Segmentation Of Titanium Alloy Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Titanium Forged Wheel Rims
Lightweight Titanium Alloy Rims For Supercars
Custom Titanium Alloy Wheel Rims For Exotic Vehicles
High-Strength Titanium Alloy Wheels For Motorsport
Polished And Anodized Titanium Wheel Rims
6.11. Global Automotive Wheel Rims Market, Sub-Segmentation Of Chrome Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Chrome-Plated Steel Wheel Rims
Chrome-Plated Aluminum Wheel Rims
Custom Chrome Wheel Rims
Multi-Piece Chrome Rims For Luxury Vehicles
High-Gloss Chrome Wheel Rims For Aesthetic Appeal
6.12. Global Automotive Wheel Rims Market, Sub-Segmentation Of Teflon Wheel Rims, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Teflon-Coated Wheel Rims For Corrosion Resistance
Non-Stick Teflon Wheel Rims For Easier Cleaning
Teflon-Coated Alloy Wheels
High-Durability Teflon Coatings For Off-Road Vehicles
Teflon-Coated Rims For Winter Or All-Weather Tires
7. Automotive Wheel Rims Market Regional And Country Analysis
7.1. Global Automotive Wheel Rims Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Automotive Wheel Rims Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion