Automotive Wheels Aftermarket

Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating (Liquid, Powdered), Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), and Region - Global Forecast to 2025

Report Code: AT 6864 Jan, 2019, by marketsandmarkets.com

[150 Pages Report] The global automotive wheels aftermarket is projected to grow at a CAGR of 3.53% during the forecast period to reach USD 4.5 billion by 2025 from an estimated USD 3.5 billion in 2018. 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.

Automotive Wheels Aftermarket

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 2018. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the 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.

By coating type, powdered coating is expected to be the largest contributor in the automotive wheels aftermarket during the forecast period

Powdered coating is predominantly used in the global automotive wheels aftermarket. The key factors driving the growth of the powdered coating segment are reduced wastage and increasingly stringent environmental regulations for zero or non-VOC coatings. Powdered coatings are ecofriendly and are anticipated to experience rapid growth because of unique features such as high corrosion resistance, chipping, high-quality finish, and abrasion. It also offers protection from moisture, heat, and chemicals. Further, powdered coatings emit only a small amount of VOCs.

In material type, alloy is expected to grow at the fastest rate during the forecast period

The alloy is the largest and the fastest growing segment for material type in the global automotive wheels aftermarket as it offers high durability and tensile strength. An alloy is a mixture of multiple metals or metals with non-metals which are mixed in pre-determined proportions to achieve desirable properties such as corrosion resistance, durability, tensile strength, density, ductility, and malleability. The two major or commonly used components in the making of alloy wheels are aluminum and magnesium.

Automotive Wheels Aftermarket

North America is expected to account for the largest market size during the forecast period

North America is the largest automotive wheels aftermarket. Technological advancements and regulations to reduce emissions have increased the use of lightweight materials in the manufacturing of automotive wheels. There has been an increasing popularity of wheels with bigger rim diameters in the aftermarket as it lends the car a more appealing look along with improved stability and shorter braking distance. Additionally, stringent fuel efficiency norms are leading wheel manufacturers to focus on reducing the wheel weight for better vehicle dynamics and fuel efficiency. Such factors are driving the aftermarket in the North American region.

Key market players

The global automotive wheels aftermarket is dominated by major players such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (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.

Recent developments

  • In January 2018, Carlstar introduced a new Cragar S/S wheel, which was also known as the “King of the Road” in the past. The mission is to produce a wheel that honored the Cragar reputation of premium quality that performed at the racing level.
  • In September 2018, the RONAL R56 was offered as an ECE wheel for the new BMW X3/X4. The RONAL R56 will also be offered as an ECE wheel in crystal silver, matt black, and matt black front copied surfaces in 7.5Χ19 inch size and 5Χ112 mounting hole diameter for the new BMW X3 and X4.
  • In August 2018, RONAL R64 was offered for light commercial vehicles. The RONAL R64 design is a powerful light truck wheel for heavy payloads up to 1,400 kg. This wheel has a graphic design with a special structure on the spokes. The R64 is not only convincing with its striking, eye-catching appearance but this five-spoke wheel is also very robust.
  • In March 2018, the Ronal Group used top motorsport technology wheels in the development of Speedline Corse to provide a sporty driving experience and better braking characteristics. The 5 double spoke design of the SL6 Vettore is convincing and exciting in equal measure because of its very sporty and dynamic appearance.

Critical Questions:

  • Where will vehicle sales take the industry in the long term?
  • Will the industry cope with the challenge of high standards of automotive wheels?
  • How do you see the impact of government regulations in the automotive wheels aftermarket?
  • What are the upcoming trends in the aftermarket? What impact do they make post 2020?
  • What are the key strategies adopted by top players to increase their revenue?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
           2.3.3 Ket Data From Primary Sources
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
                    2.4.1.1 New Wheel Replacement
                    2.4.1.2 Refurbished Wheel Fitment
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Automotive Wheels Aftermarket
    4.2 North America to Lead the Global Aftermarket
    4.3 Automotive Wheels Aftermarket in Europe, By Vehicle Type and Country
    4.4 Aftermarket, By Material Type
    4.5 Aftermarket, By Vehicle Type
    4.6 Aftermarket, By Coating Type
    4.7 Aftermarket, By Aftermarket Type
    4.8 Aftermarket, By Rim Size

5 Industry Trends (Page No. - 43)
    5.1 Technology Analysis
    5.2 Value Chain Analysis
    5.3 Standards of Aftermarket Wheels
    5.4 Aftermarket Wheels Production Process

6 Market Overview (Page No. - 49)
    6.1 Introduction
    6.2 Market Dynamics
           6.2.1 Drivers
                    6.2.1.1 Improved Vehicle Dynamics and Increased Demand for Lightweight Materials
                    6.2.1.2 Large Organized and Unorganized Aftermarkets for Wheels
                    6.2.1.3 Rising Number of Enthusiasts
                    6.2.1.4 Repairing A Wheel is Cost-Effective
                    6.2.1.5 Gradual Growth of Average Miles Driven
           6.2.2 Restraints
                    6.2.2.1 Volatility in Raw Material Prices
           6.2.3 Opportunities
                    6.2.3.1 Advanced Materials and New Compositions in Wheels
           6.2.4 Challenges
                    6.2.4.1 Engineering Barriers
                    6.2.4.2 Maintaining A Balance Between Performance, Cost, and Weight

7 Automotive Wheels Aftermarket, By Aftermarket Type (Page No. - 55)
    7.1 Introduction
    7.2 Research Methodology
    7.3 New Wheel Replacement
           7.3.1 North America to Lead the New Wheel Replacement Market
    7.4 Refurbished Wheel Fitment
           7.4.1 Growing Demand for Aesthetics Will Boost the Demand for Refurbished Wheel Fitment
    7.5 Key Primary Insights

8 Automotive Wheels Aftermarket, By Coating Type (Page No. - 61)
    8.1 Introduction
    8.2 Research Methodology
    8.3 Liquid Coating
           8.3.1 Waterborne
           8.3.2 Solvent-Borne
    8.4 Powdered Coating
           8.4.1 Low Bake
           8.4.2 High Bake
    8.5 Key Primary Insights

9 Automotive Wheels Aftermarket, By Material Type (Page No. - 68)
    9.1 Introduction
    9.2 Research Methodology
    9.3 Alloy
           9.3.1 Benefits Such as High Durabality and Tensile Strength Will Boost the Demand for Alloy
    9.4 Steel
           9.4.1 Asia Pacific to Lead the Steel Segment Between 2018 and 2025
    9.5 Others
           9.5.1 Improved Efficiency and Comfort Will Boost the Demand for Carbon Fiber Between 2018 and 2025
    9.6 Key Primary Insights

10 Automotive Wheels Aftermarket, By Rim Size (Page No. - 75)
     10.1 Introduction
     10.2 Research Methodology
     10.3 13–15 Inch
             10.3.1 Factors Such as Increasing Fuel Efficiency Will Boost the Demand for 13–15 Inch Wheels
     10.4 16–18 Inch
             10.4.1 Benefits Such as Powerful Acceleration Will Boost the Demand for 16–18 Inch Wheels
     10.5 19–21 Inch
             10.5.1 Increasing Preference of Enthusiast for Larger Wheel Will Boost the Demand for 19–21 Inch Wheels
     10.6 Above 21 Inch
             10.6.1 Benefits Such as High Traction and Powerful Performance Will Boost the Demand for Above 21 Inch Wheels
     10.7 Key Primary Insights

11 Automotive Wheels Aftermarket, By Vehicle Type (Page No. - 81)
     11.1 Introduction
     11.2 Research Methodology
     11.3 Commercial Vehicle
             11.3.1 Increasing Use of Lightweight Wheels in Commercial Vehciles Will Boost the Demand
     11.4 Passenger Car
             11.4.1 Growing Demand for Fuel Efficiency and Government Legislations Will Drive the Passenger Car Wheels Aftermarket
     11.5 Key Primary Insights

12 Automotive Wheels Aftermarket, By Region (Page No. - 88)
     12.1 Introduction
     12.2 Asia Pacific
             12.2.1 China
                        12.2.1.1 Government Regulations for Low Emission Vehicles in China is Expected to Drive the Wheels Aftermarket
             12.2.2 India
                        12.2.2.1 Increase in Sales of Alloy Wheels in India is Expected to Drive the Automotive Wheels Aftermarket
             12.2.3 Japan
                        12.2.3.1 Presence of Major Manufacturers in Japan is Expected to Drive the Automotive Wheels Aftermarket
             12.2.4 South Korea
                        12.2.4.1 Government Promoting Ecofriendly Vehicles in South Korea is Expected to Drive the Automotive Wheels Aftermarket
     12.3 Europe
             12.3.1 France
                        12.3.1.1 Government Emission Mandates are Expected to Drive the Automotive Wheels Aftermarket in France
             12.3.2 Germany
                        12.3.2.1 Consumer Preference Toward Larger Wheels in Germany Will Boost Automotive Wheels Aftermarket
             12.3.3 Italy
                        12.3.3.1 Consumer Preference Toward Passenger Cars in Italy Will Boost Automotive Wheels Aftermarket
             12.3.4 Spain
                        12.3.4.1 Increase in Sales of Passenger Cars and Commercial Vehicles is Expected to Drive the Automotive Wheels Aftermarket in Spain
             12.3.5 United Kingdom
                        12.3.5.1 Government Regulations are Expected to Drive the Automotive Wheels Aftermarket in the UK
     12.4 North America
             12.4.1 Canada
                        12.4.1.1 Canada is Expected to Witness the Fastest Growth Rate in the Commercial Vehicles Market in North America
             12.4.2 Mexico
                        12.4.2.1 Cheap Availability of Labor and Low Manufacturing Cost Will Boost the Automotive Wheels Aftermarket in Mexico
             12.4.3 US
                        12.4.3.1 The US Accounted for the Largest Market Size in the Commercial Vehicle Wheels Aftermarket in North America
     12.5 Rest of the World
             12.5.1 Brazil
                        12.5.1.1 Brazil to Lead the Rest of the World Region
             12.5.2 Iran
                        12.5.2.1 Iran is Expected to Witness the Highest Growth Rate in RoW

13 Competitive Landscape (Page No. - 114)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Situation & Trends
             13.3.1 New Product Developments
             13.3.2 New Product Developments, 2013–2018
             13.3.3 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements

14 Company Profiles (Page No. - 120)
(Overview, Products Offered, Recent Developments, SWOT Analysis)* 
     14.1 Key Players
             14.1.1 Enkei Corporation
             14.1.2 The Carlstar Group
             14.1.3 Ronal Group
             14.1.4 Borbet GmbH
             14.1.5 Maxion Wheels
             14.1.6 CM Wheels
             14.1.7 SSR Wheels
             14.1.8 LKQ Corporation
             14.1.9 Arconic
             14.1.10 Automotive Wheels
             14.1.11 BBS Kraftfahrzeugtechnik
             14.1.12 Rays Engineering
     14.2 Key Players From Other Regions
             14.2.1 North America
                        14.2.1.1 Vossen Wheels
                        14.2.1.2 Konig
                        14.2.1.3 Tsw Alloy Wheels
                        14.2.1.4 Superior Industries
                        14.2.1.5 Forgiato
                        14.2.1.6 Alloy Wheel Repair Specialists
             14.2.2 Europe
                        14.2.2.1 Oz Group
                        14.2.2.2 AEZ
                        14.2.2.3 Status Alloy Wheels
                        14.2.2.4 Beyern Wheels
             14.2.3 Asia Pacific
                        14.2.3.1 Work Wheels
                        14.2.3.2 Zhengxing Wheel Group
                        14.2.3.3 Zumbo Wheels
                        14.2.3.4 Jian Sin Industrial Co. Ltd.
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies. 

15 Appendix (Page No. - 143)
     15.1 Key Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (65 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Technology Used for the Manufacturing Automotive Wheels
Table 3 Impact of Market Dynamics
Table 4 Automotive Wheels Aftermarket Size, By Aftermarket Type, 2016–2025 (Million Units)
Table 5 Aftermarket Size, By Aftermarket Type, 2016–2025 (USD Million)
Table 6 New Wheel Replacement: Aftermarket Size, By Region, 2016–2025 (Million Units)
Table 7 New Wheel Replacement: Aftermarket Size, By Region, 2016–2025 (USD Million)
Table 8 Refurbished Wheel Fitment: Aftermarket Size, By Region, 2016–2025 (Million Units)
Table 9 Refurbished Wheel Fitment: Aftermarket Size, By Region, 2016–2025 (USD Million)
Table 10 Aftermarket, By Coating Type, 2016–2025 (USD Million)
Table 11 Liquid Coating: Aftermarket, By Region, 2016–2025 (USD Million)
Table 12 Powdered Coating: Aftermarket, By Region, 2016–2025 (USD Million)
Table 13 Aftermarket, By Material Type, 2016–2025 (USD Million)
Table 14 Alloy: Aftermarket, By Region, 2016–2025 (USD Million)
Table 15 Steel: Aftermarket, By Region, 2016–2025 (USD Million)
Table 16 Others: Aftermarket, By Region, 2016–2025 (USD Million)
Table 17 Automotive Wheels Aftermarket, By Rim Size, 2016–2025 (Million Units)
Table 18 13–15 Inch: Aftermarket, By Region, 2016–2025 (Million Units)
Table 19 16–18 Inch: Aftermarket, By Region, 2016–2025 (Million Units)
Table 20 19–21 Inch: Aftermarket, By Region, 2016–2025 (Million Units)
Table 21 Above 21 Inch: Aftermarket, By Region, 2016–2025 (Million Units)
Table 22 Automotive Wheels Aftermarket Size, By Vehicle Type, 2016–2025 (Million Units)
Table 23 Aftermarket Size, By Vehicle Type, 2016–2025 (USD Million)
Table 24 Commercial Vehicle: Aftermarket Size, By Region, 2016–2025 (Million Units)
Table 25 Commercial Vehicle: Aftermarket Size, By Region, 2016–2025 (USD Million)
Table 26 Passenger Car: Aftermarket Size, By Region, 2016–2025 (Million Units)
Table 27 Passenger Car: Aftermarket Size, By Region, 2016–2025 (USD Million)
Table 28 Aftermarket, By Region, 2016–2025 (Million Units)
Table 29 Aftermarket, By Region, 2016–2025 (USD Million)
Table 30 Asia Pacific: Aftermarket, By Country, 2016–2025 (Million Units)
Table 31 Asia Pacific: Aftermarket, By Country, 2016–2025 (USD Million)
Table 32 China: Automotive Wheels Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 33 China: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 34 India: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 35 India: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 36 Japan: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 37 Japan: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 38 South Korea: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 39 South Korea: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 40 Europe: Aftermarket, By Country, 2016–2025 (Million Units)
Table 41 Europe: Aftermarket, By Country, 2016–2025 (USD Million)
Table 42 France: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 43 France: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 44 Germany: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 45 Germany: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 46 Italy: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 47 Italy: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 48 Spain: Automotive Wheels Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 49 Spain: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 50 UK: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 51 UK: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 52 North America: Aftermarket, By Country, 2016–2025 (Million Units)
Table 53 North America: Aftermarket, By Country, 2016–2025 (USD Million)
Table 54 Canada: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 55 Canada: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 56 Mexico: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 57 Mexico: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 58 US: Automotive Wheels Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 59 US: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 60 RoW: Aftermarket, By Country, 2016–2025 (Million Units)
Table 61 RoW: Aftermarket, By Country, 2016–2025 (USD Million)
Table 62 Brazil: Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 63 Brazil: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 64 Iran: Automotive Wheels Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 65 Iran: Aftermarket, By Vehicle Type, 2016–2025 (USD Million)


List of Figures (44 Figures)

Figure 1 Automotive Wheels Aftermarket Segmentation
Figure 2 Automotive Wheels Aftermarket: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the New Wheel Replacement Market: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology for the Refurbished Wheel Fitment Market: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology for the Automotive Wheels Aftermarket: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Automotive Wheels Aftermarket: Market Dynamics
Figure 10 Automotive Wheels Aftermarket, By Region, 2018–2025 (USD Million)
Figure 11 Alloy Held the Largest Share in the Automotive Wheels Aftermarket in 2018
Figure 12 Increased Use of Lightweight Materials is Driving the Automotive Wheels Aftermarket, 2018–2025 (USD Million)
Figure 13 Automotive Wheels Aftermarket Share, By Region, By USD Million, 2025
Figure 14 Passenger Cars and Germany Accounted for the Largest Shares in the Automotive Wheels Aftermarket in 2018
Figure 15 Alloy Segment to Hold the Largest Market Share, By USD Million, 2018 vs 2025
Figure 16 Passenger Car to Hold the Largest Market Share, By USD Million, 2018 vs 2025
Figure 17 Powdered Coating Market to Hold the Largest Market Share, By USD Million, 2018 vs 2025
Figure 18 New Wheel Replacement Market to Hold the Largest Market Share, By USD Million, 2018 vs 2025
Figure 19 16”–18” Market to Hold the Largest Market Share, By Million Units, 2018 vs 2025
Figure 20 Materials Used for the Manufacturing Automotive Wheels
Figure 21 Value Chain: Automotive Wheel Afetrmarket
Figure 22 Virtual Production: Aftermarket Wheels Production Process
Figure 23 Automotive Wheels Aftermarket: Market Dynamics
Figure 24 Yearly Vehicle Miles Traveled in the US
Figure 25 Refurbished Wheel Fitment Segment is Expected to Grow at A Higher Cagr During the Forecast Period (2018–2025)
Figure 26 Powdered Coating is Expected to Grow at A Higher Cagr During the Forecast Period (2018–2025)
Figure 27 Alloy Segment is Expected to Grow at the Highest Cagr During the Forecast Period (2018–2025)
Figure 28 16–18 Inch Segment is Expected to Grow at A Higher Cagr During the Forecast Period (2018–2025)
Figure 29 Passenger Car Segment is Expected to Grow at A Higher Cagr During the Forecast Period (2018–2025)
Figure 30 North America to Dominate the Automotive Wheels Aftermarket During Forecast Period
Figure 31 Asia Pacific: Automotive Wheels Aftermarket Snapshot
Figure 32 Europe: Automotive Wheels Aftermarket Snapshot
Figure 33 North America: Market Snapshot (2018)
Figure 34 Brazil is Estimated to Be the Largest Market (2018)
Figure 35 Key Primary Insights
Figure 36 Key Developments By Leading Players in the Automotive Wheels Aftermarket From 2013–2018
Figure 37 Automotive Wheels Aftermarket Ranking: 2017
Figure 38 Enkei Corporation: SWOT Analysis
Figure 39 Carlstar: SWOT Analysis
Figure 40 Ronal Group: SWOT Analysis
Figure 41 Borbet GmbH: SWOT Analysis
Figure 42 Maxion Wheels: SWOT Analysis
Figure 43 LKQ Corporation: Company Snapshot
Figure 44 Arconic: Company Snapshot 

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

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.

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 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

Scope of the Report

Report Metric

Details

Market size available for years

2016-2025

Base year considered

2017

Forecast period

2018-2025

Forecast units

Value (USD Million) and Volume (MILLION UNITS)

Segments covered

Aftermarket Type, Coating Type, Vehicle Type, Material Type, 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), Carlstar (US), and Maxion Wheels (US).
Total 26 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 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

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
Jan, 2019
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