Automotive Wheels Aftermarket

New Product Launches, to Further Expand their Presence in the Global Automotive Wheels Aftermarket

The 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 base year for the report is 2017, and the forecast period is from 2018 to 2025. The growth of the automotive wheels aftermarket is influenced by factors such as accident rates, changing consumer preferences for stylish wheels, and the growing number of automobile enthusiasts in Europe and North America. Additionally, increased demand for lightweight materials will boost the automotive wheels aftermarket.

The major aftermarket wheels vendors include RONAL Group (Switzerland), and BORBET (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global automotive wheels aftermarket. New product launches have been the most dominating strategy adopted by major players from 2016 to 2018, which helped them innovate on their offerings and broaden their customer base.

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RONAL Group is the world leader in the automotive wheels aftermarket. The company is continuously delivering new technologies in the automotive wheels aftermarket. BORBET is the second largest player in the automotive wheels aftermarket. It is followed by Enkei, Carlstar, and Maxion Wheels.

In 2018, RONAL designed the R56 as an ECE wheel for the new BMW X3/X4. The RONAL R56 will now also be offered as an ECE wheel in crystal silver, matt black, and matt black front copied surfaces in 7.5×19 inch size and 5×112 mounting hole diameter for the new BMW X3 and X4.

Another important player in the industry is BORBET, which is continuously expanding its aftermarket wheels’ product portfolio. In October 2018, BORBET introduced the new Hyundai Santa Fe with BORBET V. The light alloy wheel from the ‘Classic’ category binds the dynamic appearance with a classical and stylish alignment. The 10 spokes lead in a straight line from the outer rim to the wheel center, ending slightly displaced at the wheel hub. 

Related Reports:

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

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Report Code
AT 6864
RI Published ON
1/15/2019
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