Alloy Wheels Aftermarket
SKU
MRR-0355054AC4E7
Region
Global
Publication Date
March 2024
Delivery
Immediate
2023
USD 2.60 billion
2030
USD 4.31 billion
2024
USD 2.79 billion
CAGR
7.50%
Alloy Wheels Aftermarket Market by Size (15-17 Inches, 18-20 Inches, 20-22 Inches), Product (Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Car) - Global Forecast 2024-2030

[187 Pages Report] The Alloy Wheels Aftermarket Market size was estimated at USD 2.60 billion in 2023 and expected to reach USD 2.79 billion in 2024, at a CAGR 7.50% to reach USD 4.31 billion by 2030.

Alloy Wheels Aftermarket Market
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The alloy wheels aftermarket refers to the secondary market for alloy wheels that are sold, distributed, and installed after the original purchase of a vehicle. Unlike standard factory-fitted wheels, aftermarket alloy wheels are sought by vehicle owners for their aesthetic appeal and performance benefits, including reduced weight, improved heat dissipation, and customization options. The market encapsulates a range of products varying in size, design, material composition, and brand, catering to various customer preferences and vehicle specifications. Key drivers include the increasing consumer interest in vehicle customization, the desire for lightweight wheels that enhance fuel efficiency and performance, and the growth in disposable income that allows for discretionary purchases. Additionally, the rise in automotive sales globally escalates the potential customer base for aftermarket alloy wheels. However, restraints include the high cost of premium alloy wheels, which may deter budget-conscious customers. Challenges include meeting diverse customer demands in design and functionality, navigating fluctuating raw material prices, and ensuring product quality and safety standards. Another significant challenge is adapting to fast-changing vehicle models and integrating new technologies, such as smart connectivity features on wheels. The opportunities include advancements in material science that result in stronger and lighter alloys, increasing demand in emerging economies, and the potential for partnerships with automotive manufacturers for approved aftermarket options. There's also scope in the customization segment for high-end vehicles and in developing eco-friendly manufacturing and recycling practices that align with global sustainability trends.
Alloy Wheels Aftermarket Market - Global Forecast 2024-2030
To learn more about this report, request a free sample copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Alloy Wheels Aftermarket Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Alloy Wheels Aftermarket Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Alloy Wheels Aftermarket Market, highlighting leading vendors and their innovative profiles. These include AEZ Leichtmetallräder by Alcar Wheels Gmbh, Alloy Wheel Repair Specialists, LLC, Beyern Wheels by BMW Wheels, Borbet Gmbh, CMWheels by Pro Hosting 365 Ltd., Enkei International, Inc., Konig American by YHI International Limited, LKQ Corporation, Marios Wr Ltd., Maxion Wheels Holding GmbH, RONAL AG, Status Wheels Inc., and Wheel Pros, LLC.

Market Segmentation & Coverage

This research report categorizes the Alloy Wheels Aftermarket Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Size
    • 15-17 Inches
    • 18-20 Inches
    • 20-22 Inches
  • Product
    • Heavy Commercial Vehicle
    • Light Commercial Vehicle
    • Passenger Car

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Alloy Wheels Aftermarket Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Alloy Wheels Aftermarket Market?
  3. What are the technology trends and regulatory frameworks in the Alloy Wheels Aftermarket Market?
  4. What is the market share of the leading vendors in the Alloy Wheels Aftermarket Market?
  5. Which modes and strategic moves are suitable for entering the Alloy Wheels Aftermarket Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Alloy Wheels Aftermarket Market, by Size
  7. Alloy Wheels Aftermarket Market, by Product
  8. Americas Alloy Wheels Aftermarket Market
  9. Asia-Pacific Alloy Wheels Aftermarket Market
  10. Europe, Middle East & Africa Alloy Wheels Aftermarket Market
  11. Competitive Landscape
  12. Competitive Portfolio
Companies Mentioned
  • AEZ Leichtmetallräder by Alcar Wheels Gmbh
  • Alloy Wheel Repair Specialists, LLC
  • Beyern Wheels by BMW Wheels
  • Borbet Gmbh
  • CMWheels by Pro Hosting 365 Ltd.
  • Enkei International, Inc.
  • Konig American by YHI International Limited
  • LKQ Corporation
  • Marios Wr Ltd.
  • Maxion Wheels Holding GmbH
  • RONAL AG
  • Status Wheels Inc.
  • Wheel Pros, LLC
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Frequently Asked Questions about the Alloy Wheels Aftermarket Market
The Global Alloy Wheels Aftermarket Market size was estimated at USD 2.60 billion in 2023 and expected to reach USD 2.79 billion in 2024.
The Global Alloy Wheels Aftermarket Market to grow USD 4.31 billion by 2030, at a CAGR of 7.50%
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