Market Overview:
The global automotive wheels aftermarket is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. On the basis of type, 13-15 inch wheels are expected to account for a major share of the global automotive wheels aftermarket during 2018-2030. This can be attributed to their low cost and easy installation as compared with other wheel sizes. 16-18 inch wheels are anticipated to register highest CAGR over the forecast period owing to their growing popularity among consumers for luxury cars and SUVs. 19-21 inch wheel size segment is projected grow at a moderate rate during 2018-2030 due its high price tag as compared with other segments in this market space.
Product Definition:
The automotive wheels aftermarket is the part of the automotive industry that deals with the design, production and sale of car wheels. The importance of automotive wheels aftermarket is that it allows consumers to customize their cars with different wheel designs, sizes and colors.
13-15 Inch:
13-15 inch wheels are commonly known as “standard” or “stock” wheels. They are the most popular size for aftermarket replacement and have a significant demand in automotive wheels market. The growth of 13-15 inch segment can be attributed to its growing popularity among consumers due to its stock appearance and simple installation process.
16-18 Inch:
The 16-18 inch wheels are the aftermarket product for automobile tires. They are available in different sizes and specifications according to the vehicles they fit on. The wheel size is an important factor while purchasing a tire, as it has an influence on vehicle handling and safety. The standard wheel diameter for passenger cars is 15 Inch, while that of trucks & trailers varies between 17-20 inches depending upon its application.
Application Insights:
The passenger car segment led the global automotive wheels aftermarket in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for passenger cars from developing countries such as China, India and Brazil. In addition, factors such as easy availability of loans and low down payments are expected to increase the sales of passenger cars in developed countries like Germany, France and U.K., which will further propel demand for automotive wheels aftermarket products over the next eight years.
Commercial vehicles are widely used across various industries including construction, mining & quarrying, public transportation etc.; thus their demand is significantly impacted by economic conditions prevailing at a macro level i.e.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% from 2018 to 2030 owing to increasing vehicle production in countries, such as India, China and Japan. The growing population along with rising disposable income in these countries has resulted in an increased sales volume of passenger cars and commercial vehicles. This trend is projected to continue over the forecast period, thereby driving the demand for automotive wheels aftermarket services in this region.
Europe accounted for a significant share of global market revenue owing to stringent regulations by governing bodies such as ETSI (Electronic Communications System Interoperability Group), which mandate installation of certain safety systems on all new vehicles since 2014.
North America was estimated at USD X billion in 2017.
Growth Factors:
- Increasing demand for luxury and customized cars
- Rising disposable income of the middle-class population in developing countries
- Proliferation of online retail platforms that offer wheels and tires at competitive prices
- Growing popularity of off-road driving and motorsports events
- Technological advancements that lead to the development of new wheel designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Wheels Aftermarket Market Research Report
By Type
13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch
By Application
Passenger Car, Commercial Vehicle
By Companies
Enkei Corporation, The Carlstar Group, Ronal Group, Borbet GmbH, Maxion Wheels, CM Wheels, SSR Wheels, LKQ Corporation, Arconic, Automotive Wheels, BBS Kraftfahrzeugtechnik, Rays Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Wheels Aftermarket Market Report Segments:
The global Automotive Wheels Aftermarket market is segmented on the basis of:
Types
13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Enkei Corporation
- The Carlstar Group
- Ronal Group
- Borbet GmbH
- Maxion Wheels
- CM Wheels
- SSR Wheels
- LKQ Corporation
- Arconic
- Automotive Wheels
- BBS Kraftfahrzeugtechnik
- Rays Engineering
Highlights of The Automotive Wheels Aftermarket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 13-15 Inch
- 16-18 Inch
- 19-21 Inch
- Above 21 Inch
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Wheels Aftermarket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive Wheels Aftermarket is the industry term for companies that sell replacement wheels and tires for cars, trucks, and SUVs. These companies offer a wide variety of products, including rims, tires, wheel covers, and more.
Some of the major players in the automotive wheels aftermarket market are Enkei Corporation, The Carlstar Group, Ronal Group, Borbet GmbH, Maxion Wheels, CM Wheels, SSR Wheels, LKQ Corporation, Arconic, Automotive Wheels, BBS Kraftfahrzeugtechnik, Rays Engineering.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Wheels Aftermarket Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Wheels Aftermarket Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Wheels Aftermarket Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Wheels Aftermarket Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Wheels Aftermarket Market Size & Forecast, 2018-2028 4.5.1 Automotive Wheels Aftermarket Market Size and Y-o-Y Growth 4.5.2 Automotive Wheels Aftermarket Market Absolute $ Opportunity
Chapter 5 Global Automotive Wheels Aftermarket Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Wheels Aftermarket Market Size Forecast by Type
5.2.1 13-15 Inch
5.2.2 16-18 Inch
5.2.3 19-21 Inch
5.2.4 Above 21 Inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Wheels Aftermarket Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Wheels Aftermarket Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Wheels Aftermarket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Wheels Aftermarket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Wheels Aftermarket Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Wheels Aftermarket Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Wheels Aftermarket Market Size Forecast by Type
9.6.1 13-15 Inch
9.6.2 16-18 Inch
9.6.3 19-21 Inch
9.6.4 Above 21 Inch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Wheels Aftermarket Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Wheels Aftermarket Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Wheels Aftermarket Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Wheels Aftermarket Market Size Forecast by Type
10.6.1 13-15 Inch
10.6.2 16-18 Inch
10.6.3 19-21 Inch
10.6.4 Above 21 Inch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Wheels Aftermarket Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Wheels Aftermarket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Wheels Aftermarket Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Wheels Aftermarket Market Size Forecast by Type
11.6.1 13-15 Inch
11.6.2 16-18 Inch
11.6.3 19-21 Inch
11.6.4 Above 21 Inch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Wheels Aftermarket Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Wheels Aftermarket Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Wheels Aftermarket Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Wheels Aftermarket Market Size Forecast by Type
12.6.1 13-15 Inch
12.6.2 16-18 Inch
12.6.3 19-21 Inch
12.6.4 Above 21 Inch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Wheels Aftermarket Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Wheels Aftermarket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Wheels Aftermarket Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Wheels Aftermarket Market Size Forecast by Type
13.6.1 13-15 Inch
13.6.2 16-18 Inch
13.6.3 19-21 Inch
13.6.4 Above 21 Inch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Wheels Aftermarket Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Wheels Aftermarket Market: Competitive Dashboard
14.2 Global Automotive Wheels Aftermarket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Enkei Corporation
14.3.2 The Carlstar Group
14.3.3 Ronal Group
14.3.4 Borbet GmbH
14.3.5 Maxion Wheels
14.3.6 CM Wheels
14.3.7 SSR Wheels
14.3.8 LKQ Corporation
14.3.9 Arconic
14.3.10 Automotive Wheels
14.3.11 BBS Kraftfahrzeugtechnik
14.3.12 Rays Engineering