Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wheel Weight Market by Type (Clip-On Type, Adhesive Type), By Application (Passenger Vehicle, Commercial Vehicle) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wheel Weight Market by Type (Clip-On Type, Adhesive Type), By Application (Passenger Vehicle, Commercial Vehicle) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 140061 3300 Automobile & Transportation 377 248 Pages 4.6 (46)

Market Overview:

The global wheel weight market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing awareness about vehicle safety are also contributing to the growth of this market. The global wheel weight market is segmented on the basis of type into clip-on type and adhesive type. The clip-on type segment is expected to hold a larger share in terms of revenue in 2018 as compared to adhesive type segment owing its easy installation process and low cost as compared to adhesive types wheel weights. However, with increasing environmental concerns over lead content in wheel weights, there has been an increase in demand for adhesive types over clip-on types due their non-toxic properties. On the basis of application,the global wheel weight market is divided into passenger vehicle.

Global Wheel Weight Industry Outlook

Product Definition:

Wheel weight is a type of balance weight that is used to counterbalance the mass of a wheel and its associated components, such as the tire, valve stem, and rim. Wheel weights are usually made from lead or steel.

Clip-On Type:

Clip-on type is a wheel weight that clips onto the rim of any size or style wheel. It can be fixed in position by means of a nail, screw, adhesive or rivet. The weight can be adjusted to achieve the desired balance and then secured with glue if required.

The product has been around for many years but only recently have they become popular due to their use on bicycles as well as cars.

Adhesive Type:

Adhesive type is a material that can stick two surfaces together. The wheel weight adhesive type is used in the industry for attaching the wheel weights to tire walls. Wheel weight adhesive has different applications such as it can be used on steel, aluminum alloys, plastic and fiberglass reinforced materials and also on wet or dry asphalt concrete surface among others.

The wheel weight market size was valued at USD 1,64 billion in 2016.

Application Insights:

The passenger vehicle segment held the largest share of over 70.0% in 2017. The demand for wheels is generally higher in passenger vehicles as compared to commercial vehicles, owing to aesthetic preferences and need for smooth roads while driving on highways. Moreover, increasing preference for alloy wheels due to their aesthetical appearance is expected to drive the market growth over the forecast period.

The commercial vehicle segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing primarilyto rising demand from developing countries such as India and China that are currently witnessing rapid industrialization and urbanization activities respectively coupled with growing road construction spending by governments across various regions worldwide including North America, Europe, Asia Pacific.

Regional Analysis:

Asia Pacific dominated the global wheel weight market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high production volumes of passenger vehicles and heavy investment by domestic manufacturers. In addition, rising disposable income levels are anticipated to fuel demand from developing countries such as India, Indonesia, Vietnam, etc., thereby boosting regional growth.

The European market is projected to grow at a significant rate over the forecast period owing to stringent government regulations regarding CO2 emissions coupled with increasing R&D activities towards development of lightweight materials for reducing vehicle weight. Moreover, growing trend towards electric vehicles will further drive product demand in future years.

North America held a substantial revenue share in 2017 due to presence of prominent automotive OEMs such as General Motors Company; Ford Motor Company; and Fiat Chrysler Automobiles N.V.

Growth Factors:

  • Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in vehicles is expected to drive the demand for wheel weights over the forecast period.
  • Growing automotive industry: The increasing production of automobiles across the globe is anticipated to boost the demand for wheel weights over the next few years.
  • Rising number of replacement applications: A growing number of replacement applications is projected to fuel the growth of this market in near future.
  • Technological advancements: Ongoing technological advancements are likely to result in innovative products that would cater to various requirements, thereby propelling market growth during forecast period. 5) Stringent government regulations pertaining to vehicle weight reduction will create opportunities for wheel weight manufacturers

Scope Of The Report

Report Attributes

Report Details

Report Title

Wheel Weight Market Research Report

By Type

Clip-On Type, Adhesive Type

By Application

Passenger Vehicle, Commercial Vehicle

By Companies

WEGMANN, Plombco, TOHO KOGYO, Hennessy, Shengshi Weiye, 3M, Trax JH Ltd, Baolong, Jiangyin Yinxinde, Holman, HEBEI XST, Alpha Autoparts, HEBEI FANYA

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Wheel Weight Market Report Segments:

The global Wheel Weight market is segmented on the basis of:


Clip-On Type, Adhesive Type

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.


Passenger Vehicle, 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:

  2. Plombco
  4. Hennessy
  5. Shengshi Weiye
  6. 3M
  7. Trax JH Ltd
  8. Baolong
  9. Jiangyin Yinxinde
  10. Holman
  12. Alpha Autoparts

Global Wheel Weight Market Overview

Highlights of The Wheel Weight Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Clip-On Type
    2. Adhesive Type
  1. By Application:

    1. Passenger Vehicle
    2. Commercial Vehicle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Wheel Weight 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

Global Wheel Weight Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Wheel weight is the total mass of a wheel and its bearings.

Some of the key players operating in the wheel weight market are WEGMANN, Plombco, TOHO KOGYO, Hennessy, Shengshi Weiye, 3M, Trax JH Ltd, Baolong, Jiangyin Yinxinde, Holman, HEBEI XST, Alpha Autoparts, HEBEI FANYA.

The wheel weight market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Wheel Weight Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Wheel Weight Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Wheel Weight Market - Supply Chain
   4.5. Global Wheel Weight Market Forecast
      4.5.1. Wheel Weight Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Wheel Weight Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Wheel Weight Market Absolute $ Opportunity

5. Global Wheel Weight Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Wheel Weight Market Size and Volume Forecast by Type
      5.3.1. Clip-On Type
      5.3.2. Adhesive Type
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Wheel Weight Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Wheel Weight Market Size and Volume Forecast by Application
      6.3.1. Passenger Vehicle
      6.3.2. Commercial Vehicle
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Wheel Weight Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Wheel Weight Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Wheel Weight Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Wheel Weight Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Wheel Weight Demand Share Forecast, 2019-2026

9. North America Wheel Weight Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Wheel Weight Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Wheel Weight Market Size and Volume Forecast by Application
      9.4.1. Passenger Vehicle
      9.4.2. Commercial Vehicle
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Wheel Weight Market Size and Volume Forecast by Type
      9.7.1. Clip-On Type
      9.7.2. Adhesive Type
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Wheel Weight Demand Share Forecast, 2019-2026

10. Latin America Wheel Weight Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Wheel Weight Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Wheel Weight Market Size and Volume Forecast by Application
      10.4.1. Passenger Vehicle
      10.4.2. Commercial Vehicle
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Wheel Weight Market Size and Volume Forecast by Type
      10.7.1. Clip-On Type
      10.7.2. Adhesive Type
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Wheel Weight Demand Share Forecast, 2019-2026

11. Europe Wheel Weight Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Wheel Weight Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Wheel Weight Market Size and Volume Forecast by Application
      11.4.1. Passenger Vehicle
      11.4.2. Commercial Vehicle
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Wheel Weight Market Size and Volume Forecast by Type
      11.7.1. Clip-On Type
      11.7.2. Adhesive Type
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Wheel Weight Demand Share, 2019-2026

12. Asia Pacific Wheel Weight Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Wheel Weight Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Wheel Weight Market Size and Volume Forecast by Application
      12.4.1. Passenger Vehicle
      12.4.2. Commercial Vehicle
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Wheel Weight Market Size and Volume Forecast by Type
      12.7.1. Clip-On Type
      12.7.2. Adhesive Type
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Wheel Weight Demand Share, 2019-2026

13. Middle East & Africa Wheel Weight Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Wheel Weight Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Wheel Weight Market Size and Volume Forecast by Application
      13.4.1. Passenger Vehicle
      13.4.2. Commercial Vehicle
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Wheel Weight Market Size and Volume Forecast by Type
      13.7.1. Clip-On Type
      13.7.2. Adhesive Type
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Wheel Weight Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Wheel Weight Market: Market Share Analysis
   14.2. Wheel Weight Distributors and Customers
   14.3. Wheel Weight Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. WEGMANN Overview Financials Developments Strategic Outlook
      14.4.2. Plombco Overview Financials Developments Strategic Outlook
      14.4.3. TOHO KOGYO Overview Financials Developments Strategic Outlook
      14.4.4. Hennessy Overview Financials Developments Strategic Outlook
      14.4.5. Shengshi Weiye Overview Financials Developments Strategic Outlook
      14.4.6. 3M Overview Financials Developments Strategic Outlook
      14.4.7. Trax JH Ltd Overview Financials Developments Strategic Outlook
      14.4.8. Baolong Overview Financials Developments Strategic Outlook
      14.4.9. Jiangyin Yinxinde Overview Financials Developments Strategic Outlook
      14.4.10. Holman Overview Financials Developments Strategic Outlook
      14.4.11. HEBEI XST Overview Financials Developments Strategic Outlook
      14.4.12. Alpha Autoparts Overview Financials Developments Strategic Outlook
      14.4.13. HEBEI FANYA Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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