Automotive Wheels Aftermarket

Automotive Wheels Aftermarket Market by Product (High Performance, Regular), Material (Alloy, Aluminum, Carbon Fiber), Coating Type, Rim Size, Distribution Channel, End-use, Vehicle - Global Forecast 2024-2030

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[189 Pages Report] The Automotive Wheels Aftermarket Market size was estimated at USD 4.40 billion in 2023 and expected to reach USD 4.65 billion in 2024, at a CAGR 6.17% to reach USD 6.69 billion by 2030.

Automotive Wheels Aftermarket Market
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The automotive wheels aftermarket encompasses all market activities related to the manufacturing, distribution, retailing, and installation of replacement wheels for vehicles after their original sale. This market serves a dual purpose of replacing damaged or worn-out wheels and upgrading or customizing wheels for aesthetic or performance improvements. Increased awareness about vehicle customization options and the desire for enhanced vehicle aesthetics significantly contribute to expansion. Additionally, the rising prevalence of off-road and performance driving activities necessitates stronger, more adaptable wheels, further propelling the aftermarket demand. Advances in wheel manufacturing technologies that offer lightweight and durable wheel options also spur growth, coinciding with growing consumer emphasis on fuel efficiency and high-performance vehicles. However, the high cost of premium aftermarket wheels can deter average consumers, limiting market reach primarily to enthusiasts and consumers with higher disposable incomes. Regulatory standards and safety concerns pose another hurdle, as aftermarket wheels must comply with numerous regulations, varying by region, which complicates distribution and installation processes. Additionally, the rise of counterfeit products damages the reputation of established brands and poses safety risks to consumers. The increasing adoption of eCommerce platforms for automotive parts and accessories sales opens new distribution channels for aftermarket wheels. Emerging economies, due to their growing automotive fleets and rising consumer spending power, offer new geographical expansion opportunities. Moreover, continuous innovation in wheel design and materials promises to meet diverse consumer demands for customization, performance, and efficiency, ensuring sustained growth.
Automotive Wheels Aftermarket Market - Global Forecast 2024-2030
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FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive 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 Automotive 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 Automotive Wheels Aftermarket Market, highlighting leading vendors and their innovative profiles. These include Alcar Holding GmbH, Alloy Wheel Repair Specialists, LLC, Borbert GmbH, Carbon Revolution Ltd., Curva Concepts, LLC, Enkei Corporation, Konig American by YHI International Limited, LKQ Corporation, MrWheels, O.Z. S.p.A., Ronal AG, Superior Industries International, Inc., The Carlstar Group, LLC, Ultra Wheel Company, Vossen Wheels, Wheel Pros, LLC, and XO Luxury Wheels Inc..

Market Segmentation & Coverage

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

  • Product
    • High Performance
    • Regular
  • Material
    • Alloy
    • Aluminum
    • Carbon Fiber
    • Magnesium
    • Steel
  • Coating Type
    • Liquid Coating
    • Powdered Coating
  • Rim Size
    • 13 - 19 inches
    • 19 - 21 inches
    • 21 inches & Above
  • Distribution Channel
    • Retailers
    • Wholesalers & Distributors
  • End-use
    • Aftermarket
    • OEM
  • Vehicle
    • Buses & Coaches
    • Heavy Trucks
    • Lightweight Commercial Vehicles
    • Passenger Cars
    • Trailers

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

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Wheels Aftermarket Market, by Product
  7. Automotive Wheels Aftermarket Market, by Material
  8. Automotive Wheels Aftermarket Market, by Coating Type
  9. Automotive Wheels Aftermarket Market, by Rim Size
  10. Automotive Wheels Aftermarket Market, by Distribution Channel
  11. Automotive Wheels Aftermarket Market, by End-use
  12. Automotive Wheels Aftermarket Market, by Vehicle
  13. Americas Automotive Wheels Aftermarket Market
  14. Asia-Pacific Automotive Wheels Aftermarket Market
  15. Europe, Middle East & Africa Automotive Wheels Aftermarket Market
  16. Competitive Landscape
  17. Competitive Portfolio
  18. List of Figures [Total: 30]
  19. List of Tables [Total: 646]
  20. List of Companies Mentioned [Total: 17]
Frequently Asked Questions
  1. How big is the Automotive Wheels Aftermarket Market?
    Ans. The Global Automotive Wheels Aftermarket Market size was estimated at USD 4.40 billion in 2023 and expected to reach USD 4.65 billion in 2024.
  2. What is the Automotive Wheels Aftermarket Market growth?
    Ans. The Global Automotive Wheels Aftermarket Market to grow USD 6.69 billion by 2030, at a CAGR of 6.17%
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