The global market for Forged Alloy Alumunium Wheel was estimated to be worth US$ 4803 million in 2024 and is forecast to a readjusted size of US$ 7430 million by 2031 with a CAGR of 6.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Forged Alloy Alumunium Wheel cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Forged alloy aluminum wheels are high-performance wheels manufactured by forging aluminum alloy under extreme pressure and heat. Unlike cast wheels, which are made by pouring molten metal into a mold, forged wheels are produced by compressing solid aluminum billets using a hydraulic press. This process aligns the metal's grain structure, significantly improving its mechanical properties such as strength, durability, and fatigue resistance. As a result, forged aluminum wheels are lighter yet stronger than traditional cast or steel wheels, making them ideal for high-performance, luxury, and electric vehicles where weight reduction and structural integrity are crucial.
A key driver of the forged alloy aluminum wheel market is the increasing demand for high-performance and lightweight automotive components. Forged aluminum wheels are produced using a high-pressure forging process that enhances the material's grain structure, resulting in superior strength-to-weight ratios compared to cast wheels. This allows for thinner, lighter wheels without compromising structural integrity, which is particularly important for sports cars, luxury vehicles, electric vehicles (EVs), and performance-oriented models. Lighter wheels reduce unsprung mass, which improves handling, acceleration, and braking performance-benefits highly valued by both consumers and automakers striving for enhanced vehicle dynamics and fuel efficiency. Additionally, the growing emphasis on sustainability and energy efficiency in the automotive sector is boosting demand for lightweight components to meet regulatory requirements for carbon emissions. Automakers are increasingly incorporating forged aluminum wheels to optimize vehicle weight and improve range in EVs. Moreover, the expanding premium vehicle segment and rising consumer interest in vehicle customization and motorsports culture are driving demand for forged wheels in both OEM and aftermarket channels, particularly in regions like North America, Europe, and China.
Despite their advantages, the forged alloy aluminum wheel market faces notable challenges, primarily due to the high cost of production. The forging process involves advanced machinery, high-grade aluminum billets, and precise engineering, all of which contribute to significantly higher manufacturing costs compared to cast or steel wheels. These high costs are typically passed on to consumers, making forged wheels less accessible in mass-market or price-sensitive vehicle segments. Additionally, the forging process requires substantial energy and resource input, raising concerns about environmental sustainability, especially as regulatory bodies place greater scrutiny on energy consumption and industrial emissions. While forged wheels are stronger and more durable, their repairability is limited-cracks or significant deformations often necessitate full replacement rather than repair, which further raises ownership costs. Moreover, the market is vulnerable to fluctuations in raw material prices (especially aluminum) and supply chain disruptions, which can impact both pricing and delivery schedules. Limited production capacity and technical barriers to entry also constrain new entrants, reducing competition and innovation speed in some regions. To ensure long-term growth, manufacturers must focus on reducing production costs through process optimization, improving recyclability, and developing innovative materials that combine strength, lightness, and cost-efficiency.
This report aims to provide a comprehensive presentation of the global market for Forged Alloy Alumunium Wheel, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Forged Alloy Alumunium Wheel by region & country, by Type, and by Application.
The Forged Alloy Alumunium Wheel market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Forged Alloy Alumunium Wheel.
Market Segmentation
By Company
- Arconic
- Otto Fuchs
- Superior Industries
- CITIC Dicastal
- Hongxin Wheel
- Borbet
- Accuride
- BBS JAPAN
- Ronal Wheels
- RAYS Wheels
- Lizhong Group
- Pomlead
- Zeroneal
- Zhengxing Group
- SAI
Segment by Type
Segment by Application
- Passenger Vehicle
- Commercial Vehicle
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Forged Alloy Alumunium Wheel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Forged Alloy Alumunium Wheel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Forged Alloy Alumunium Wheel in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Forged Alloy Alumunium Wheel Product Introduction
- 1.2 Global Forged Alloy Alumunium Wheel Market Size Forecast
- 1.2.1 Global Forged Alloy Alumunium Wheel Sales Value (2020-2031)
- 1.2.2 Global Forged Alloy Alumunium Wheel Sales Volume (2020-2031)
- 1.2.3 Global Forged Alloy Alumunium Wheel Sales Price (2020-2031)
- 1.3 Forged Alloy Alumunium Wheel Market Trends & Drivers
- 1.3.1 Forged Alloy Alumunium Wheel Industry Trends
- 1.3.2 Forged Alloy Alumunium Wheel Market Drivers & Opportunity
- 1.3.3 Forged Alloy Alumunium Wheel Market Challenges
- 1.3.4 Forged Alloy Alumunium Wheel Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Forged Alloy Alumunium Wheel Players Revenue Ranking (2024)
- 2.2 Global Forged Alloy Alumunium Wheel Revenue by Company (2020-2025)
- 2.3 Global Forged Alloy Alumunium Wheel Players Sales Volume Ranking (2024)
- 2.4 Global Forged Alloy Alumunium Wheel Sales Volume by Company Players (2020-2025)
- 2.5 Global Forged Alloy Alumunium Wheel Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Forged Alloy Alumunium Wheel Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Forged Alloy Alumunium Wheel Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Forged Alloy Alumunium Wheel
- 2.9 Forged Alloy Alumunium Wheel Market Competitive Analysis
- 2.9.1 Forged Alloy Alumunium Wheel Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Forged Alloy Alumunium Wheel Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Forged Alloy Alumunium Wheel as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 OEM
- 3.1.2 Aftermarket
- 3.2 Global Forged Alloy Alumunium Wheel Sales Value by Type
- 3.2.1 Global Forged Alloy Alumunium Wheel Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Forged Alloy Alumunium Wheel Sales Value, by Type (2020-2031)
- 3.2.3 Global Forged Alloy Alumunium Wheel Sales Value, by Type (%) (2020-2031)
- 3.3 Global Forged Alloy Alumunium Wheel Sales Volume by Type
- 3.3.1 Global Forged Alloy Alumunium Wheel Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Forged Alloy Alumunium Wheel Sales Volume, by Type (2020-2031)
- 3.3.3 Global Forged Alloy Alumunium Wheel Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Forged Alloy Alumunium Wheel Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Passenger Vehicle
- 4.1.2 Commercial Vehicle
- 4.2 Global Forged Alloy Alumunium Wheel Sales Value by Application
- 4.2.1 Global Forged Alloy Alumunium Wheel Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Forged Alloy Alumunium Wheel Sales Value, by Application (2020-2031)
- 4.2.3 Global Forged Alloy Alumunium Wheel Sales Value, by Application (%) (2020-2031)
- 4.3 Global Forged Alloy Alumunium Wheel Sales Volume by Application
- 4.3.1 Global Forged Alloy Alumunium Wheel Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Forged Alloy Alumunium Wheel Sales Volume, by Application (2020-2031)
- 4.3.3 Global Forged Alloy Alumunium Wheel Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Forged Alloy Alumunium Wheel Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Forged Alloy Alumunium Wheel Sales Value by Region
- 5.1.1 Global Forged Alloy Alumunium Wheel Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Forged Alloy Alumunium Wheel Sales Value by Region (2020-2025)
- 5.1.3 Global Forged Alloy Alumunium Wheel Sales Value by Region (2026-2031)
- 5.1.4 Global Forged Alloy Alumunium Wheel Sales Value by Region (%), (2020-2031)
- 5.2 Global Forged Alloy Alumunium Wheel Sales Volume by Region
- 5.2.1 Global Forged Alloy Alumunium Wheel Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Forged Alloy Alumunium Wheel Sales Volume by Region (2020-2025)
- 5.2.3 Global Forged Alloy Alumunium Wheel Sales Volume by Region (2026-2031)
- 5.2.4 Global Forged Alloy Alumunium Wheel Sales Volume by Region (%), (2020-2031)
- 5.3 Global Forged Alloy Alumunium Wheel Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 5.4.2 North America Forged Alloy Alumunium Wheel Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 5.5.2 Europe Forged Alloy Alumunium Wheel Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 5.6.2 Asia Pacific Forged Alloy Alumunium Wheel Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 5.7.2 South America Forged Alloy Alumunium Wheel Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Forged Alloy Alumunium Wheel Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Forged Alloy Alumunium Wheel Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Forged Alloy Alumunium Wheel Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Forged Alloy Alumunium Wheel Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.3.2 United States Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.4.2 Europe Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.5.2 China Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.6.2 Japan Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.7.2 South Korea Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.8.2 Southeast Asia Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Forged Alloy Alumunium Wheel Sales Value, 2020-2031
- 6.9.2 India Forged Alloy Alumunium Wheel Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Forged Alloy Alumunium Wheel Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Arconic
- 7.1.1 Arconic Company Information
- 7.1.2 Arconic Introduction and Business Overview
- 7.1.3 Arconic Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Arconic Forged Alloy Alumunium Wheel Product Offerings
- 7.1.5 Arconic Recent Development
- 7.2 Otto Fuchs
- 7.2.1 Otto Fuchs Company Information
- 7.2.2 Otto Fuchs Introduction and Business Overview
- 7.2.3 Otto Fuchs Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Otto Fuchs Forged Alloy Alumunium Wheel Product Offerings
- 7.2.5 Otto Fuchs Recent Development
- 7.3 Superior Industries
- 7.3.1 Superior Industries Company Information
- 7.3.2 Superior Industries Introduction and Business Overview
- 7.3.3 Superior Industries Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Superior Industries Forged Alloy Alumunium Wheel Product Offerings
- 7.3.5 Superior Industries Recent Development
- 7.4 CITIC Dicastal
- 7.4.1 CITIC Dicastal Company Information
- 7.4.2 CITIC Dicastal Introduction and Business Overview
- 7.4.3 CITIC Dicastal Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 CITIC Dicastal Forged Alloy Alumunium Wheel Product Offerings
- 7.4.5 CITIC Dicastal Recent Development
- 7.5 Hongxin Wheel
- 7.5.1 Hongxin Wheel Company Information
- 7.5.2 Hongxin Wheel Introduction and Business Overview
- 7.5.3 Hongxin Wheel Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Hongxin Wheel Forged Alloy Alumunium Wheel Product Offerings
- 7.5.5 Hongxin Wheel Recent Development
- 7.6 Borbet
- 7.6.1 Borbet Company Information
- 7.6.2 Borbet Introduction and Business Overview
- 7.6.3 Borbet Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Borbet Forged Alloy Alumunium Wheel Product Offerings
- 7.6.5 Borbet Recent Development
- 7.7 Accuride
- 7.7.1 Accuride Company Information
- 7.7.2 Accuride Introduction and Business Overview
- 7.7.3 Accuride Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Accuride Forged Alloy Alumunium Wheel Product Offerings
- 7.7.5 Accuride Recent Development
- 7.8 BBS JAPAN
- 7.8.1 BBS JAPAN Company Information
- 7.8.2 BBS JAPAN Introduction and Business Overview
- 7.8.3 BBS JAPAN Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 BBS JAPAN Forged Alloy Alumunium Wheel Product Offerings
- 7.8.5 BBS JAPAN Recent Development
- 7.9 Ronal Wheels
- 7.9.1 Ronal Wheels Company Information
- 7.9.2 Ronal Wheels Introduction and Business Overview
- 7.9.3 Ronal Wheels Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Ronal Wheels Forged Alloy Alumunium Wheel Product Offerings
- 7.9.5 Ronal Wheels Recent Development
- 7.10 RAYS Wheels
- 7.10.1 RAYS Wheels Company Information
- 7.10.2 RAYS Wheels Introduction and Business Overview
- 7.10.3 RAYS Wheels Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 RAYS Wheels Forged Alloy Alumunium Wheel Product Offerings
- 7.10.5 RAYS Wheels Recent Development
- 7.11 Lizhong Group
- 7.11.1 Lizhong Group Company Information
- 7.11.2 Lizhong Group Introduction and Business Overview
- 7.11.3 Lizhong Group Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Lizhong Group Forged Alloy Alumunium Wheel Product Offerings
- 7.11.5 Lizhong Group Recent Development
- 7.12 Pomlead
- 7.12.1 Pomlead Company Information
- 7.12.2 Pomlead Introduction and Business Overview
- 7.12.3 Pomlead Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Pomlead Forged Alloy Alumunium Wheel Product Offerings
- 7.12.5 Pomlead Recent Development
- 7.13 Zeroneal
- 7.13.1 Zeroneal Company Information
- 7.13.2 Zeroneal Introduction and Business Overview
- 7.13.3 Zeroneal Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Zeroneal Forged Alloy Alumunium Wheel Product Offerings
- 7.13.5 Zeroneal Recent Development
- 7.14 Zhengxing Group
- 7.14.1 Zhengxing Group Company Information
- 7.14.2 Zhengxing Group Introduction and Business Overview
- 7.14.3 Zhengxing Group Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Zhengxing Group Forged Alloy Alumunium Wheel Product Offerings
- 7.14.5 Zhengxing Group Recent Development
- 7.15 SAI
- 7.15.1 SAI Company Information
- 7.15.2 SAI Introduction and Business Overview
- 7.15.3 SAI Forged Alloy Alumunium Wheel Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 SAI Forged Alloy Alumunium Wheel Product Offerings
- 7.15.5 SAI Recent Development
8 Industry Chain Analysis
- 8.1 Forged Alloy Alumunium Wheel Industrial Chain
- 8.2 Forged Alloy Alumunium Wheel Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Forged Alloy Alumunium Wheel Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Forged Alloy Alumunium Wheel Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer