Automotive Wheels Aftermarket

Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating, Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), Product, Distribution & Region - Global Forecast to 2027

Report Code: AT 6864 Mar, 2022, by marketsandmarkets.com

[235 Pages Report] The global automotive wheels aftermarket is projected to grow at a CAGR of 3.5% during the forecast period to reach USD 4.1 billion by 2027 from an estimated USD 3.4 billion in 2022. The automobile industry has witnessed a continuous increase in the average weight of the vehicle owing to the rising demand for safety and comfort features. This has led to huge innovations and R&D efforts from both the OEMs and aftermarket players in increasingly using lightweight materials to reduce the overall weight of the vehicle and comply with government regulations pertaining to vehicular fuel consumption and emissions which will boost the demand for aftermarket wheels. The growth for aftermarket wheels is expected to be higher in developed regions owing to the stringent focus on lightweight materials and fuel consumption. The growing demand from enthusiasts for style, performance, and ride boosts the demand for automotive wheels aftermarket.

Automotive Wheels Aftermarket

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Impact of Covid-19 on Global Automotive Wheels Aftermarket

The COVID-19 pandemic has become a major concern for automotive stakeholders. Suspension of vehicle production and supply disruptions have brought the automotive industry to a halt. Lower vehicle sales post the pandemic will be a major concern for automotive OEMs for the next few quarters. The automotive wheels aftermarket, however, is expected to witness a significant boost in 2022 owing to the increase in adoption of new wheel replacement by enthusiast for luxury vehicles. Before that, lower vehicle sales and slow development for automotive wheels technologies will result in sluggish growth of the automotive wheels aftermarket in 2021.

Major automotive wheels manufacturers such as RONAL Group (Switzerland), Borbet Gmbh (Germany), Enkei Corporation (Japan), Superior Industries (US) had announced the suspension of Sales/distribution/production of wheels due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in France, Germany, Italy, and Spain during the COVID-19 pandemic. Manufacturers are likely to adjust production/sales to prevent bottlenecks and plan production according to demand from OEMs and tier 1 manufacturers.

Driver: Improved vehicle dynamics and increased demand for lightweight materials to boost wheel aftermarket

Engine downsizing is the new trend in the automotive industry, which helps improve efficiency, mileage, and space utilization. However, despite several downsizing efforts, the weight of the car has been increasing in the past few decades due to the increasing adoption of electronic components in the form of ECUs relating to safety and comfort features. Wheel manufacturers have been trying to reduce the weight of the wheel as heavier wheels slow the vehicle speed. Lightweight wheels also offer higher torque to thrust the vehicle. Also, as turning a wheel requires torque, lighter wheels offer better vehicle control.

Restraint: Volatility in raw material prices

The procurement of raw materials has an important impact on the pricing of the end product. Any fluctuation in raw material pricing due to economic and political unrest can impact the prices of a component, affecting the prices of the final product. The final product, such as a wheel, vehicle components, and chassis, is made of steel, aluminum, magnesium, or a composition of multiple materials. The rise in raw steel prices would directly impact the price of the vehicle. The supply of basic raw materials like steel, aluminum, etc., has become unreliable and extremely volatile prices. Some of these problems are related to pandemic shutdowns, but global transportation woes, weather disruptions, and misguided tariffs have worsened the problem.

Opportunities: Advanced materials, use of lightweight alloys, and new compositions

The automotive industry has seen constant innovation in the development of lightweight materials. The average percentage of carbon fiber reinforced composites and aluminum used in automobiles has increased consistently over the years. Aftermarket players focus on developing light-weighting technologies due to lighter, faster, and better-performing vehicles and rising fuel costs. The use of lightweight materials will significantly grow across industries. The highest share (80%) of lightweight materials is in the aviation industry, but the automotive industry is massively increasing its share from 30 to 70%. All lightweight materials offer weight reduction potential at a higher cost. Carbon fiber has the highest weight reduction potential as it is 50% lighter than steel. So, the use of advanced materials offers significant opportunities for the automotive industry as they can play a vital role in reducing the overall weight of the vehicle, increasing fuel efficiency, and reducing harmful emissions.

Challenges: Engineering barriers in use of lightweight materials

Technological constraints such as difficulty in forging magnesium and its alloys to suit a specific need have also been hindering the market growth of these materials. In fact, magnesium offers better weight reduction than aluminum or high-strength steel. It is 33% lighter than aluminum and 75% lighter than steel. However, magnesium alloys are currently used in very small quantities in vehicles and are limited to die castings such as housings. The use of magnesium (Mg) is particularly appealing for automotive applications because it provides an attractive advantage over other structural metals such as aluminum and steel. The density of magnesium (0.06 pounds/inch3 or 1.74 gm/cm3) is two-thirds that of aluminum and a quarter that of steel. Magnesium’s combination of low density and reasonable strength leads to a specific strength that is far superior to either steel or aluminum.

Passenger cars estimated to account for the largest market size during the forecast period

The passenger cars segment is estimated to be the largest of the global automotive wheels aftermarket in 2022. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the automotive wheels aftermarket for passenger vehicles. Carbon fiber wheels are widely used in high-performance vehicles and racing cars. These are now gaining popularity in the luxury vehicle segment because of their lightweight, strength, and rigidity, which helps enhance vehicle performance and fuel efficiency.

Asia Pacific is expected to grow with the highest CAGR during the forecast period

The Asia Pacific region comprises emerging economies such as China and India along with developed nations such as Japan. In recent years, the region has emerged as a hub for automobile production. The growing purchasing power of consumers in this region has triggered the demand for automobiles. Cost advantages for OEMs, low automobile penetration levels, and increased vehicle production in this region offers attractive market opportunities for automobile manufacturers and automotive component suppliers. The automotive industry in India is growing at a faster rate than most countries in the Asia Pacific region. The country had witnessed an increased demand for luxury and mid-priced vehicles in the past decade. However, the adoption rate of carbon fiber material is insignificant and limited to premium vehicles only. Also, as the country’s automotive market is highly driven by cost, most of the advanced wheel materials are only found in high-end vehicles.

Automotive Wheels Aftermarket by Region

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Key market players

The global automotive wheels aftermarket is dominated by major players such as RONAL Group (Switzerland), Borbet Gmbh (Germany), Enkei Corporation (Japan), Superior Industries (US), and Maxion Wheels (US). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive product range in the aftermarket. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

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Scope of the Report

Report Metric

Details

Market size available for years

2018-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million) and Volume (MILLION UNITS)

Segments covered

Aftermarket Type, Coating Type, Vehicle Type, Material Type, Product Type, Distribution Channel, Rim Size, and Region

Geographies covered

North America, Asia Pacific, Europe and Rest of the World

Companies covered

RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Superior Industries (US), and Maxion Wheels (US).
Total 22 major players covered.

This research report categorizes the automotive wheels aftermarket based on aftermarket type, coating type, vehicle type, material type, rim size, and region.

On the basis of vehicle type, the wheels aftermarket has been segmented as follows:

  • Passenger Cars
  • Commercial Vehicles

On the basis of aftermarket type, the wheels aftermarket has been segmented as follows:

  • New Wheel Replacement
  • Refurbished Wheel Fitment

On the basis of material type, the wheels aftermarket has been segmented as follows:

  • Alloy
  • Steel
  • Others (Carbon Fiber, Nickel)

On the basis of coating type, the wheels aftermarket has been segmented as follows:

  • Liquid Coating
  • Powdered Coating

On the basis of Product type, the wheels aftermarket has been segmented as follows:

  • Regular Wheels
  • High-Performance Wheels

On the basis of distribution channel, the wheels aftermarket has been segmented as follows:

  • Retail
  • Wholesalers and Distributors

On the basis of rim size, the wheels aftermarket has been segmented as follows:

  • 13”–15” inch
  • 16”–18” inch
  • 19”–21” inch
  • Above 21” inch

On the basis of region, the wheels aftermarket has been segmented as follows:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
  • Rest of the World
    • Brazil
    • Iran

Recent developments

  • In November-2021, Maxion Wheels announced using Digital Twin technology to create a virtual duplicate of its light vehicle aluminum wheel production plant in Limeira, Brazil. The technology enables Maxion Wheels to predict and plan how the plant will operate under certain conditions to improve efficiency. It aims to expand the technology implementation to its other plants worldwide eventually.
  • In February-2022, Ronal Group has signed a Memorandum of Understanding (MoU) with Eccomelt, which produces secondary aluminum from post-consumer wheels. By signing this MoU, the Ronal Group secured a preferential supply of Eccomelt’s post-consumer material, which has an extremely low carbon footprint.
  • In September- 2021, Borbet launched a rim for light commercial vehicles and caravans. The Borbet CWZ design is a 5 double-spoke design suitable for vehicles with wheel loads of up to 1,250 kilograms such as the VW Crafter, Amarok, T5 and T6, Mercedes V-Class and the new EQV all-electric people carrier as well as the Citroλn Jumper, Fiat. Ducato, Peugeot Boxer, and MAN TGE.
  • In November-2019, Enkei Wheels (India) Limited (EWIL), the aluminum alloy wheels manufacturer, has signed a Joint Venture agreement to establish a Joint Venture Company with Nikkei MC Aluminium Co. Ltd Japan, Century Metal Recycling Limited, India, and Enkei Corporation, Japan. The purpose of the agreement is to incorporate a private limited company (Joint Venture Company) with the main objects of manufacturing, importing/ exporting, processing of primary and/ or secondary metal, metal scrap recycling, and selling of aluminum alloys in molten and ingot forms.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
                    TABLE 1 INCLUSIONS & EXCLUSIONS IN AUTOMOTIVE WHEELS AFTERMARKET
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 AUTOMOTIVE WHEELS AFTERMARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY & PRICING
          TABLE 2 GLOBAL EXCHANGE RATE WRT USD
    1.5 PACKAGE SIZE
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
          FIGURE 2 AUTOMOTIVE WHEELS AFTERMARKET: RESEARCH DESIGN
          FIGURE 3 RESEARCH METHODOLOGY MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
          FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 LIST OF PRIMARY PARTICIPANTS
    2.4 MARKET ESTIMATION METHODOLOGY
          FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
                     FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR AUTOMOTIVE WHEELS AFTERMARKET: BOTTOM-UP APPROACH
                     FIGURE 7 AUTOMOTIVE WHEELS AFTERMARKET: MARKET SIZE ESTIMATION DEMAND APPROACH
                     FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY FOR REFURBISHED WHEEL FITMENT MARKET: BOTTOM-UP APPROACH
                     FIGURE 9 AUTOMOTIVE WHEELS AFTERMARKET: RESEARCH METHODOLOGY ILLUSTRATION OF SUPERIOR INDUSTRIES REVENUE ESTIMATION
                     FIGURE 10 AUTOMOTIVE WHEELS AFTERMARKET: RESEARCH DESIGN & METHODOLOGY
    2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 11 DATA TRIANGULATION
    2.7 FACTOR ANALYSIS
           2.7.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE
    2.8 ASSUMPTIONS
    2.9 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 52)
    FIGURE 12 AUTOMOTIVE WHEELS AFTERMARKET: MARKET OVERVIEW
    FIGURE 13 AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
    FIGURE 14 AUTOMOTIVE WHEELS AFTERMARKET BY MATERIAL TYPE, 2022–2027 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES IN AUTOMOTIVE WHEELS AFTERMARKET
          FIGURE 15 INCREASED USE OF LIGHTWEIGHT MATERIALS TO DRIVE AUTOMOTIVE WHEELS AFTERMARKET, 2022–2027 (USD BILLION)
    4.2 NORTH AMERICA TO LEAD GLOBAL AUTOMOTIVE WHEELS AFTERMARKET
          FIGURE 16 AUTOMOTIVE WHEELS AFTERMARKET SHARE, BY REGION (USD MILLION), 2027
    4.3 AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE
          FIGURE 17 PASSENGER CARS ACCOUNTED FOR LARGEST SHARES IN AUTOMOTIVE WHEELS AFTERMARKET, 2022–2027 (USD MILLION)
    4.4 AUTOMOTIVE WHEELS AFTERMARKET, BY MATERIAL TYPE
          FIGURE 18 ALLOY WHEELS TO HAVE HIGHEST MARKET SHARE BY MATERIAL TYPE,  2022–2027 (USD MILLION)
    4.5 AUTOMOTIVE WHEELS AFTERMARKET, BY COATING TYPE
          FIGURE 19 POWDERED COATING SEGMENT TO DOMINATE MARKET, 2022 VS 2027 (USD MILLION)
    4.6 AUTOMOTIVE WHEELS AFTERMARKET, BY AFTERMARKET TYPE
          FIGURE 20 NEW WHEEL REPLACEMENT MARKET TO REGISTER LARGEST MARKET SHARE, 2022 VS 2027 (USD MILLION)
    4.7 AUTOMOTIVE WHEELS AFTERMARKET, BY RIM SIZE
          FIGURE 21 16”–18” MARKET TO ACCOUNT FOR LARGEST MARKET SHARE (MILLION UNITS),  2022 VS 2027
    4.8 AUTOMOTIVE WHEELS AFTERMARKET, BY PRODUCT TYPE
          FIGURE 22 REGULAR WHEELS MARKET TO REPORT LARGEST MARKET SHARE  (MILLION UNITS), 2022 VS 2027

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 23 AUTOMOTIVE WHEELS AFTERMARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Improved vehicle dynamics and increased demand for lightweight materials to boost wheel aftermarket
                    5.2.1.2 Large organized and unorganized aftermarkets for wheels
                                TABLE 3 GLOBAL ORGANIZED AND UNORGANIZED MARKET PLAYERS
                    5.2.1.3 Rising number of car enthusiasts
                                TABLE 4 PASSENGER VEHICLE SALES DATA, BY COUNTRY (‘000 UNITS)
                    5.2.1.4 Gradual growth of average miles driven
                                FIGURE 24 YEARLY VEHICLE MILES TRAVELLED IN US 2021
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatility in raw material prices
                                FIGURE 25 TRENDS IN GLOBAL ALUMINUM PRICES PER METRIC TON (USD)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advanced materials, use of lightweight alloys, and new compositions
                                TABLE 5 KEY ALLOY WHEEL SUPPLIERS FOR SOME KEY CAR MODELS
                    5.2.3.2 Indirect impact on aftermarket with changing regulatory environment to reduce carbon footprint
           5.2.4 CHALLENGES
                    5.2.4.1 Engineering barriers in use of lightweight materials
                    5.2.4.2 Balance between performance, cost, and weight
                                TABLE 6 GLOBAL WHEEL MATERIAL PRICES 2021 (USD)
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 26 PORTER’S FIVE FORCES: AUTOMOTIVE WHEELS AFTERMARKET
           TABLE 7 AUTOMOTIVE WHEELS AFTERMARKET: IMPACT OF PORTERS FIVE FORCES
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 27 VALUE CHAIN ANALYSIS: AUTOMOTIVE WHEELS AFTERMARKET
    5.5 ECOSYSTEM ANALYSIS
           TABLE 8 AUTOMOTIVE WHEELS AFTERMARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.6 PATENT ANALYSIS
    5.7 CASE STUDY
           5.7.1 CORROSION-RESISTANT STEEL ARMOR COATING TECHNOLOGY OF ACCURIDE
           5.7.2 STEEL ARMOR COATING TECHNOLOGY
                    FIGURE 28 AUTOMOTIVE WHEELS AFTERMARKET: STEEL ARMOR COATING TECHNOLOGY
           5.7.3 SCOPE OF CARBON FIBER-REINFORCED POLYMER WHEEL RIMS FOR FORMULA STUDENT RACECARS
    5.8 PRICING ANALYSIS
           TABLE 9 AUTOMOTIVE WHEELS AFTERMARKET: GLOBAL AVERAGE PRICING ANALYSIS, 2021
    5.9 REGULATORY OVERVIEW
           TABLE 10 REGULATORY STANDARD, BY COUNTRY
           TABLE 11 STANDARD OF AFTERMARKET WHEELS
    5.10 TECHNOLOGY ANALYSIS
            TABLE 12 TECHNOLOGY USED FOR THE MANUFACTURING AUTOMOTIVE WHEELS
    5.11 TRENDS AND DISRUPTIONS IN AUTOMOTIVE WHEELS AFTERMARKET
            FIGURE 29 TRENDS AND DISRUPTIONS IN AUTOMOTIVE WHEELS AFTERMARKET
    5.12 AUTOMOTIVE WHEELS AFTERMARKET: COVID-19 IMPACT
           5.12.1 IMPACT ON RAW MATERIAL SUPPLY
           5.12.2 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY
           5.12.3 IMPACT ON AUTOMOTIVE PRODUCTION
    5.13 SCENARIO ANALYSIS
            FIGURE 30 FUTURE TRENDS & SCENARIO, 2022–2027 (USD MILLION)
           5.13.1 MOST LIKELY SCENARIO
                     TABLE 13 MOST LIKELY SCENARIO, BY REGION, 2022–2027 (USD MILLION)
           5.13.2 OPTIMISTIC SCENARIO
                     TABLE 14 OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION)
           5.13.3 PESSIMISTIC SCENARIO
                     TABLE 15 PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION)
    5.14 LIST OF CONFERENCES & EVENTS
            TABLE 16 DETAILED LIST OF CONFERENCES & EVENTS
    5.15 LIST OF CONFERENCES & REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
            TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
            TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
            TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

6 AUTOMOTIVE WHEELS AFTERMARKET, BY AFTERMARKET TYPE (Page No. - 91)
    6.1 INTRODUCTION
           6.1.1 ASSUMPTIONS
                    TABLE 20 ASSUMPTIONS: AFTERMARKET TYPE
           6.1.2 RESEARCH METHODOLOGY
                    TABLE 21 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY AFTERMARKET TYPE, 2018–2021 (MILLION UNITS)
                    TABLE 22 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY AFTERMARKET TYPE, 2022–2027 (MILLION UNITS)
                    TABLE 23 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY AFTERMARKET TYPE, 2018–2021 (USD MILLION)
                    TABLE 24 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY AFTERMARKET TYPE, 2022–2027 (USD MILLION)
                    FIGURE 31 REFURBISHED WHEEL FITMENT SEGMENT EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2027)
    6.2 NEW WHEEL REPLACEMENT
           6.2.1 NORTH AMERICA TO LEAD NEW WHEEL REPLACEMENT MARKET
                    TABLE 25 NEW WHEEL REPLACEMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2018–2021 (MILLION UNITS)
                    TABLE 26 NEW WHEEL REPLACEMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2022–2027 (MILLION UNITS)
                    TABLE 27 NEW WHEEL REPLACEMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 28 NEW WHEEL REPLACEMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
    6.3 REFURBISHED WHEEL FITMENT
           6.3.1 GROWING DEMAND FOR AESTHETICS TO BOOST DEMAND FOR REFURBISHED WHEEL FITMENT
                    TABLE 29 REFURBISHED WHEEL FITMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2018–2021 (MILLION UNITS)
                    TABLE 30 REFURBISHED WHEEL FITMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2022–2027 (MILLION UNITS)
                    TABLE 31 REFURBISHED WHEEL FITMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 32 REFURBISHED WHEEL FITMENT: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
    6.4 KEY PRIMARY INSIGHTS

7 AUTOMOTIVE WHEELS AFTERMARKET, BY COATING TYPE (Page No. - 99)
    7.1 INTRODUCTION
           7.1.1 OPERATIONAL DATA
                    TABLE 33 GLOBAL VEHICLE PRODUCTION (THOUSAND UNITS)
           7.1.2 ASSUMPTIONS
                    TABLE 34 ASSUMPTIONS: COATING TYPE
           7.1.3 RESEARCH METHODOLOGY
                    TABLE 35 AUTOMOTIVE WHEELS AFTERMARKET, BY COATING TYPE, 2018–2021 (USD MILLION)
                    TABLE 36 AUTOMOTIVE WHEELS AFTERMARKET, BY COATING TYPE, 2022–2027 (USD MILLION)
                    FIGURE 32 POWDERED COATING EXPECTED TO GROW AT HIGHER CAGR  DURING FORECAST PERIOD (2022–2027)
    7.2 LIQUID COATING
          TABLE 37 LIQUID COATING: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
          TABLE 38 LIQUID COATING: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2022–2027 (USD MILLION)
           7.2.1 WATERBORNE
           7.2.2 SOLVENT-BORNE
    7.3 POWDERED COATING
          TABLE 39 POWDERED COATING: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
          TABLE 40 POWDERED COATING: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2022–2027 (USD MILLION)
           7.3.1 LOW BAKE
           7.3.2 HIGH BAKE
    7.4 KEY PRIMARY INSIGHTS

8 AUTOMOTIVE WHEELS AFTERMARKET, BY MATERIAL TYPE (Page No. - 107)
    8.1 INTRODUCTION
           8.1.1 OPERATIONAL DATA
                    TABLE 41 GLOBAL MATERIAL PRICES (USD)
           8.1.2 ASSUMPTIONS
                    TABLE 42 ASSUMPTIONS: MATERIAL TYPE
           8.1.3 RESEARCH METHODOLOGY
                    TABLE 43 AUTOMOTIVE WHEELS AFTERMARKET, BY MATERIAL TYPE, 2018–2021 (USD MILLION)
                    TABLE 44 AUTOMOTIVE WHEELS AFTERMARKET, BY MATERIAL TYPE, 2022–2027 (USD MILLION)
                    FIGURE 33 ALLOY SEGMENT EXPECTED TO GROW AT HIGHEST CAGR  DURING FORECAST PERIOD (2022–2027)
    8.2 ALLOY
           8.2.1 HIGH DURABILITY AND TENSILE STRENGTH TO BOOST DEMAND  FOR ALLOY
                    TABLE 45 ALLOY: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 46 ALLOY: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 STEEL
           8.3.1 NORTH AMERICA TO LEAD STEEL SEGMENT BETWEEN  2022 AND 2027
                    TABLE 47 STEEL: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 STEEL: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 OTHERS
           8.4.1 IMPROVED EFFICIENCY AND COMFORT TO FUEL DEMAND FOR CARBON FIBER DURING FORECAST PERIOD
                    TABLE 49 OTHERS: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 50 OTHERS: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
    8.5 KEY PRIMARY INSIGHTS

9 AUTOMOTIVE WHEELS AFTERMARKET, BY RIM SIZE (Page No. - 115)
    9.1 INTRODUCTION
           9.1.1 OPERATIONAL DATA
                    TABLE 51 WHEEL SIZES IN INCHES
           9.1.2 ASSUMPTIONS
                    TABLE 52 ASSUMPTIONS: BY RIM SIZE
           9.1.3 RESEARCH METHODOLOGY
                    TABLE 53 AUTOMOTIVE WHEELS AFTERMARKET, BY RIM SIZE, 2018–2021 (MILLION UNITS)
                    TABLE 54 AUTOMOTIVE WHEELS AFTERMARKET, BY RIM SIZE, 2022–2027 (MILLION UNITS)
                    FIGURE 34 16–18 INCH SEGMENT EXPECTED TO GROW AT HIGHER CAGR  DURING FORECAST PERIOD (2022–2027)
    9.2 13–15 INCH
           9.2.1 INCREASING FUEL EFFICIENCY TO BOOST DEMAND FOR 13–15 INCH WHEELS
                    TABLE 55 13–15 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
                    TABLE 56 13–15 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
    9.3 16–18 INCH
           9.3.1 POWERFUL ACCELERATION TO DRIVE DEMAND FOR 16–18 INCH WHEELS
                    TABLE 57 16–18 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
                    TABLE 58 16–18 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
    9.4 19–21 INCH
           9.4.1 INCREASING PREFERENCE OF ENTHUSIASTS FOR LARGER WHEELS TO INCREASE DEMAND FOR 19–21 INCH WHEELS
                    TABLE 59 19–21 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
                    TABLE 60 19–21 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
    9.5 ABOVE 21 INCH
           9.5.1 HIGH TRACTION AND POWERFUL PERFORMANCE TO RAISE DEMAND FOR ABOVE 21 INCH WHEELS
                    TABLE 61 ABOVE 21 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
                    TABLE 62 ABOVE 21 INCH: AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
    9.6 KEY PRIMARY INSIGHTS

10 AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE (Page No. - 124)
     10.1 INTRODUCTION
             10.1.1 OPERATIONAL DATA
                        TABLE 63 OEMS- SUPPLIERS DATA
             10.1.2 ASSUMPTIONS
                        TABLE 64 ASSUMPTIONS: VEHICLE TYPE
             10.1.3 RESEARCH METHODOLOGY
                        TABLE 65 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 66 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                        TABLE 67 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                        TABLE 68 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
                        FIGURE 35 PASSENGER CAR SEGMENT EXPECTED TO GROW AT HIGHER CAGR  DURING FORECAST PERIOD (2022-2027)
     10.2 COMMERCIAL VEHICLES
             10.2.1 INCREASING USE OF LIGHTWEIGHT WHEELS IN COMMERCIAL VEHICLES TO BOOST DEMAND
                        TABLE 69 COMMERCIAL VEHICLES: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2018–2021 (MILLION UNITS)
                        TABLE 70 COMMERCIAL VEHICLES: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2022–2027 (MILLION UNITS)
                        TABLE 71 COMMERCIAL VEHICLES: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
                        TABLE 72 COMMERCIAL VEHICLES: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2022–2027 (USD MILLION)
     10.3 PASSENGER CARS
             10.3.1 GROWING DEMAND FOR FUEL EFFICIENCY AND GOVERNMENT LEGISLATIONS TO BOOST PASSENGER CAR WHEELS AFTERMARKET
                        TABLE 73 PASSENGER CARS: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2018–2021 (MILLION UNITS)
                        TABLE 74 PASSENGER CARS: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2022–2027 (MILLION UNITS)
                        TABLE 75 PASSENGER CARS: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
                        TABLE 76 PASSENGER CARS: AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY REGION,  2022–2027 (USD MILLION)
     10.4 KEY PRIMARY INSIGHTS

11 AUTOMOTIVE WHEELS AFTERMARKET, BY PRODUCT TYPE (Page No. - 134)
     11.1 INTRODUCTION
             11.1.1 ASSUMPTIONS
                        TABLE 77 ASSUMPTIONS: PRODUCT TYPE
                        TABLE 78 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY PRODUCT TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 79 AUTOMOTIVE WHEELS AFTERMARKET SIZE, BY PRODUCT TYPE, 2022–2027 (MILLION UNITS)
     11.2 HIGH-PERFORMANCE WHEELS
     11.3 REGULAR WHEELS
     11.4 KEY PRIMARY INSIGHTS

12 AUTOMOTIVE WHEELS AFTERMARKET, BY DISTRIBUTION CHANNEL (Page No. - 138)
     12.1 INTRODUCTION
     12.2 RETAILERS
     12.3 WHOLESALE AND DISTRIBUTION
     12.4 KEY PRIMARY INSIGHTS

13 AUTOMOTIVE WHEELS AFTERMARKET, BY REGION (Page No. - 140)
     13.1 INTRODUCTION
             FIGURE 36 NORTH AMERICA TO DOMINATE AUTOMOTIVE WHEELS AFTERMARKET DURING FORECAST PERIOD
             TABLE 80 AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
             TABLE 81 AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
             TABLE 82 AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 83 AUTOMOTIVE WHEELS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
     13.2 ASIA PACIFIC
             FIGURE 37 ASIA PACIFIC: AUTOMOTIVE WHEELS AFTERMARKET SNAPSHOT
             TABLE 84 ASIA PACIFIC: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2018–2021 (MILLION UNITS)
             TABLE 85 ASIA PACIFIC: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2022–2027 (MILLION UNITS)
             TABLE 86 ASIA PACIFIC: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 87 ASIA PACIFIC: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             13.2.1 CHINA
                        13.2.1.1 Rise in adoption of lightweight wheels in China expected to drive market
                                      TABLE 88 CHINA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 89 CHINA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 90 CHINA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 91 CHINA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.2.2 INDIA
                        13.2.2.1 Rise in vehicle sales in India to fuel automotive wheels aftermarket
                                      TABLE 92 INDIA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 93 INDIA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 94 INDIA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 95 INDIA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.2.3 JAPAN
                        13.2.3.1 Presence of major manufacturers in Japan to increase demand in automotive wheels aftermarket
                                      TABLE 96 JAPAN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 97 JAPAN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 98 JAPAN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 99 JAPAN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.2.4 SOUTH KOREA
                        13.2.4.1 Government promoting ecofriendly vehicles in South Korea to propel automotive wheels aftermarket
                                      TABLE 100 SOUTH KOREA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE,  2018–2021 (MILLION UNITS)
                                      TABLE 101 SOUTH KOREA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE,  2022–2027 (MILLION UNITS)
                                      TABLE 102 SOUTH KOREA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE,  2018–2021 (USD MILLION)
                                      TABLE 103 SOUTH KOREA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE,  2022–2027 (USD MILLION)
     13.3 EUROPE
             FIGURE 38 EUROPE: AUTOMOTIVE WHEELS AFTERMARKET SNAPSHOT
             TABLE 104 EUROPE: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2018–2021 (MILLION UNITS)
             TABLE 105 EUROPE: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2022–2027 (MILLION UNITS)
             TABLE 106 EUROPE: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 107 EUROPE: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             13.3.1 FRANCE
                        13.3.1.1 Government emission mandates to boost automotive wheels aftermarket in France
                                      TABLE 108 FRANCE: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 109 FRANCE: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 110 FRANCE: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 111 FRANCE: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.3.2 GERMANY
                        13.3.2.1 Consumer preference toward alloy wheels and changing regulatory environment to push German automotive wheels aftermarket
                                      TABLE 112 GERMANY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 113 GERMANY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 114 GERMANY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 115 GERMANY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.3.3 ITALY
                        13.3.3.1 Consumer preference toward passenger cars in Italy to lead automotive wheels aftermarket
                                      TABLE 116 ITALY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 117 ITALY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 118 ITALY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 119 ITALY: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.3.4 SPAIN
                        13.3.4.1 Increase in sales of passenger cars and commercial vehicles to drive demand in automotive wheels aftermarket in Spain
                                      TABLE 120 SPAIN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 121 SPAIN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 122 SPAIN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 123 SPAIN: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.3.5 UNITED KINGDOM
                        13.3.5.1 Government regulations to raise demand in UK automotive wheels aftermarket
                                      TABLE 124 UK: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 125 UK: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 126 UK: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 127 UK: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
     13.4 NORTH AMERICA
             TABLE 128 NORTH AMERICA: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2018–2021 (MILLION UNITS)
             TABLE 129 NORTH AMERICA: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2022–2027 (MILLION UNITS)
             TABLE 130 NORTH AMERICA: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2018–2021 (USD MILLION)
             TABLE 131 NORTH AMERICA: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2022–2027 (USD MILLION)
             13.4.1 CANADA
                        13.4.1.1 Increase in demand for wheel replacement in luxury vehicles would drive wheels aftermarket in future
                                      TABLE 132 CANADA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 133 CANADA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 134 CANADA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 135 CANADA: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.4.2 MEXICO
                        13.4.2.1 Cheap availability of labor and low manufacturing cost to aid growth of automotive wheels aftermarket in Mexico
                                      TABLE 136 MEXICO: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 137 MEXICO: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 138 MEXICO: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 139 MEXICO: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.4.3 US
                        13.4.3.1 US accounted for largest market size in commercial vehicle wheels aftermarket in North America
                                      TABLE 140 US: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 141 US: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 142 US: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 143 US: AUTOMOTIVE WHEELS AFTERMARKET BY VEHICLE TYPE, 2022–2027 (USD MILLION)
     13.5 REST OF THE WORLD
             FIGURE 39 BRAZIL ANTICIPATED TO BE LARGEST MARKET (2022-2027)
             TABLE 144 REST OF THE WORLD: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2018–2021(MILLION UNITS)
             TABLE 145 REST OF THE WORLD: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2022–2027 (MILLION UNITS)
             TABLE 146 REST OF THE WORLD: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY, 2018–2021(USD MILLION)
             TABLE 147 REST OF THE WORLD: AUTOMOTIVE WHEELS AFTERMARKET, BY COUNTRY,  2022–2027 (USD MILLION)
             13.5.1 BRAZIL
                        13.5.1.1 Brazil estimated to dominate Rest of the World region
                                      TABLE 148 BRAZIL: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 149 BRAZIL: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 150 BRAZIL: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 151 BRAZIL: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
             13.5.2 IRAN
                        13.5.2.1 Iran expected to witness highest growth rate in Rest of the World
                                      TABLE 152 IRAN: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 153 IRAN: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2022–2027 (MILLION UNITS)
                                      TABLE 154 IRAN: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                                      TABLE 155 IRAN: AUTOMOTIVE WHEELS AFTERMARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 174)
     14.1 OVERVIEW
     14.2 MARKET RANKING ANALYSIS
     14.3 COMPETITIVE SCENARIO
             14.3.1 NEW PRODUCT DEVELOPMENTS
                        TABLE 156 NEW PRODUCT DEVELOPMENTS, 2018–2021
             14.3.2 DEALS
                        TABLE 157 DEALS, 2018–2021
             14.3.3 OTHERS
                        TABLE 158 OTHERS, 2018–2021
     14.4 COMPANY EVALUATION QUADRANT
             14.4.1 STARS
             14.4.2 EMERGING LEADERS
             14.4.3 PERVASIVE COMPANIES
             14.4.4 PARTICIPANTS
                        FIGURE 40 AUTOMOTIVE WHEELS AFTERMARKET: COMPANY EVALUATION QUADRANT, 2021
                        TABLE 159 AUTOMOTIVE WHEELS AFTERMARKET: COMPANY FOOTPRINT, 2021
                        TABLE 160 AUTOMOTIVE WHEELS AFTERMARKET: PRODUCT FOOTPRINT, 2021
                        TABLE 161 AUTOMOTIVE WHEELS AFTERMARKET: REGIONAL FOOTPRINT,2021
     14.5 STARTUP/SME EVALUATION QUADRANT
             14.5.1 PROGRESSIVE COMPANIES
             14.5.2 RESPONSIVE COMPANIES
             14.5.3 DYNAMIC COMPANIES
             14.5.4 STARTING BLOCKS
                       FIGURE 41 AUTOMOTIVE WHEELS AFTERMARKET: STARTUP/SME EVALUATION  QUADRANT, 2021
     14.6 AUTOMOTIVE WHEELS AFTERMARKET, STAKEHOLDERS MAP
             FIGURE 42 AUTOMOTIVE WHEELS AFTERMARKET: STAKEHOLDERS INFLUENCE VS INTEREST
             TABLE 162 WINNERS VS. TAIL-ENDERS
     14.7 WHO SUPPLIES WHOM DATA
             TABLE 163 WHO SUPPLIES WHOM DATA

15 COMPANY PROFILES (Page No. - 189)
(Business overview, Products offered, Recent Developments, MNM view)*
     15.1 MAXION WHEELS
             FIGURE 43 MAXION WHEELS: GLOBAL FOOTPRINT,2021
             TABLE 164 MAXION WHEELS: BUSINESS OVERVIEW
             TABLE 165 MAXION WHEELS: SUPPLY AGREEMENTS
             TABLE 166 MAXION WHEELS: PRODUCTS OFFERED
             TABLE 167 MAXION WHEELS: NEW PRODUCT LAUNCHES
             TABLE 168 MAXION WHEELS: DEALS
             TABLE 169 MAXION WHEELS: OTHERS
     15.2 RONAL GROUP
             FIGURE 44 RONAL GROUP: CUSTOMER PORTFOLIO
             TABLE 170 RONAL GROUP: BUSINESS OVERVIEW
             TABLE 171 RONAL GROUP: PRODUCTS OFFERED
             TABLE 172 RONAL GROUP: SUPPLY AGREEMENTS
             TABLE 173 RONAL GROUP: NEW PRODUCT LAUNCHES
             TABLE 174 RONAL GROUP: DEALS
     15.3 BORBET GMBH
             FIGURE 45 BORBET GMBH: PARTNERSHIPS
             TABLE 175 BORBET GMBH: BUSINESS OVERVIEW
             TABLE 176 BORBET GMBH: PRODUCTS OFFERED
             TABLE 177 BORBET GMBH: SUPPLY AGREEMENTS
             TABLE 178 BORBET GMBH: NEW PRODUCT LAUNCHES
             TABLE 179 BORBET GMBH: OTHERS
     15.4 ENKEI CORPORATION
             TABLE 180 ENKEI CORPORATION: BUSINESS OVERVIEW
             TABLE 181 ENKEI CORPORATION: PRODUCTS OFFERED
             TABLE 182 ENKEI CORPORATION: DEALS
             TABLE 183 ENKEI CORPORATION: OTHERS
     15.5 SUPERIOR INDUSTRIES
             TABLE 184 SUPERIOR INDUSTRIES: BUSINESS OVERVIEW
             TABLE 185 SUPERIOR INDUSTRIES: PRODUCTS OFFERED
             FIGURE 46 COMPANY SNAPSHOT: SUPERIOR INDUSTRIES
     15.6 HOWMET AEROSPACE
             TABLE 186 HOWMET AEROSPACE: BUSINESS OVERVIEW
             TABLE 187 HOWMET AEROSPACE: PRODUCTS OFFERED
             FIGURE 47 HOWMET AEROSPACE: COMPANY SNAPSHOT
             TABLE 188 HOWMET AEROSPACE: NEW PRODUCT LAUNCHES
     15.7 THE CARLSTAR GROUP
             TABLE 189 CARLSTAR GROUP: BUSINESS OVERVIEW
             FIGURE 48 CARSLTAR GROUP: GEOGRAPHIC PRESENCE
             TABLE 190 CARLSTAR GROUP: PRODUCTS OFFERED
             TABLE 191 CARLSTAR GROUP: NEW PRODUCT LAUNCHES
     15.8 CM WHEELS
             TABLE 192 CM WHEELS: BUSINESS OVERVIEW
             TABLE 193 CM WHEELS: PRODUCTS OFFERED
     15.9 CENTRAL MOTOR WHEEL OF AMERICA
             TABLE 194 CENTRAL MOTOR WHEEL OF AMERICA: BUSINESS OVERVIEW
             TABLE 195 CENTRAL MOTOR WHEELS OF AMERICA: PRODUCTS OFFERED
             TABLE 196 CENTRAL MOTOR WHEELS OF AMERICA: SUPPLY AGREEMENTS
             TABLE 197 CENTRAL MOTOR WHEEL OF AMERICA: OTHERS
     15.10 ACCURIDE CORPORATION
              TABLE 198 ACCURIDE CORPORATION: BUSINESS OVERVIEW
              TABLE 199 ACCURIDE CORPORATION: PRODUCTS OFFERED
              TABLE 200 ACCURIDE CORPORATION: NEW PRODUCT LAUNCHES
     15.11 OTHER KEY PLAYERS
             15.11.1 VOSSEN WHEELS
                         TABLE 201 VOSSEN WHEELS: COMPANY OVERVIEW
             15.11.2 KONIG
                         TABLE 202 KONIG: COMPANY OVERVIEW
             15.11.3 TSW ALLOY WHEELS
                         TABLE 203 TSW ALLOY WHEELS: COMPANY OVERVIEW
             15.11.4 FORGIATO
                         TABLE 204 FORGIATO: COMPANY OVERVIEW
             15.11.5 OZ GROUP
                         TABLE 205 OZ GROUP: COMPANY OVERVIEW
             15.11.6 AEZ GROUP
                         TABLE 206 AEZ: COMPANY OVERVIEW
             15.11.7 STATUS ALLOY WHEELS
                         TABLE 207 STATUS ALLOY WHEELS: COMPANY OVERVIEW
             15.11.8 BEYERN WHEELS
                         TABLE 208 BEYERN WHEELS: COMPANY OVERVIEW
             15.11.9 WORK WHEELS
                         TABLE 209 WORK WHEELS: COMPANY OVERVIEW
             15.11.10 ZHENGXING WHEEL GROUP
                         TABLE 210 ZHENGXING WHEEL GROUP: COMPANY OVERVIEW
             15.11.11 ZUMBO WHEELS
                         TABLE 211 ZUMBO WHEELS: COMPANY OVERVIEW
             15.11.12 JIAN SIN INDUSTRIAL CO. LTDZHENGXING WHEEL GROUP
                         TABLE 212 JIAN SIN INDUSTRIAL CO. LTD: COMPANY OVERVIEW
             15.11.13 BBS KRAFTFAHRZEUGTECHNIK
                         TABLE 213 BBS KRAFTFAHRZEUGTECHNIK: COMPANY OVERVIEW
             15.11.14 RAYS ENGINEERING
                         TABLE 214 RAYS ENGINEERING: COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

16 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 227)
     16.1 NORTH AMERICA TO BE KEY MARKET FOR AUTOMOTIVE WHEELS AFTERMARKET
     16.2 GROWING DEMAND FOR LIGHTWEIGHT ALLOYS TO BOOST AUTOMOTIVE WHEELS AFTERMARKET
     16.3 CONCLUSION

17 APPENDIX (Page No. - 229)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The study involved 4 major activities in estimating the current market size of the automotive wheels aftermarket. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, automobile OEMs, Canadian Automobile Association (CAA), country-level automotive associations and trade organizations, and the Department of Transportation (DOT)], automotive magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global automotive wheels aftermarket.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the automotive wheels aftermarket scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across 4 major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Approximately 23% and 77% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter expert’s opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents—

Automotive Wheels Aftermarket Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the automotive wheels aftermarket. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report Objectives

  • To segment and forecast the global automotive wheels aftermarket size in terms of volume (million units) and value (USD Million)
  • To define, describe, and forecast the global automotive wheels aftermarket based on aftermarket, vehicle, material, rim size, coating technology, and region
  • To segment and forecast the market size by aftermarket type (new wheel replacement and refurbished wheel fitment)
  • To segment and forecast the market size by vehicle type (passenger cars and commercial vehicles)
  • To segment and forecast the market size by material type (steel, alloy, and others)
  • To segment and forecast the market size by rim size (13”–15”, 16”–18”, 19”–21”, and above 21”)
  • To segment and forecast the market size by coating technology type (liquid coating and powdered coating)
  • To segment and forecast the market size by product type (high performance wheels and  regular wheels)
  • To segment and forecast the market size by distribution channel (Retail, wholesalers and distributors)
  • To forecast the market size with respect to key regions, namely, North America, Europe, Asia Pacific, and Rest of the World.
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the automotive wheels aftermarket

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

Automotive Wheels Aftermarket, By Aftermarket Type at country level

Company Information

  • Profiling of Additional Market Players (Up to 5)
Report Code
AT 6864
Published ON
Mar, 2022
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