The global market for Alloy Wheels was estimated to be worth US$ 18613 million in 2024 and is forecast to a readjusted size of US$ 21966 million by 2031 with a CAGR of 2.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Alloy Wheels cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Most of automotive alloy wheel is made by aluminum alloy. The Automotive alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.
One of the primary drivers of the global alloy wheels market is the increasing consumer preference for improved aesthetics and vehicle performance. Alloy wheels, typically made from aluminum or magnesium alloys, offer several advantages over traditional steel wheels, such as lighter weight, enhanced heat conduction, and superior styling options. The reduction in vehicle weight not only contributes to better fuel efficiency but also improves acceleration, braking, and handling-factors that are highly valued by performance-conscious consumers. Furthermore, automakers are increasingly incorporating alloy wheels as standard or optional equipment in mid-range and premium vehicle models to meet rising customer expectations. This trend is particularly prominent in emerging economies where rising disposable income is driving the demand for cars with premium features. Additionally, the growing automotive aftermarket and customization culture, especially among younger demographics, is fueling the demand for aftermarket alloy wheels. As consumers seek to personalize their vehicles with visually appealing and functionally superior components, alloy wheels stand out as a key upgrade choice.
Despite the promising growth prospects, the alloy wheels market faces certain challenges that could hinder its expansion. One significant challenge is the relatively high cost of alloy wheels compared to conventional steel wheels. The manufacturing process for alloy wheels involves higher material and production costs, which translates to increased vehicle pricing for consumers. This cost sensitivity is particularly critical in price-conscious markets or during economic downturns when consumers prioritize affordability over aesthetics or performance. Moreover, alloy wheels, while lighter and more attractive, are also more susceptible to cracking and damage under extreme driving conditions or poor road infrastructure. This raises concerns about durability and maintenance costs, especially in regions with underdeveloped transport networks. Environmental regulations and sustainability pressures also pose challenges to the alloy wheel industry, as the extraction and processing of aluminum and magnesium are energy-intensive and environmentally taxing. Manufacturers are under growing pressure to adopt greener practices and materials, which may further increase production costs. Addressing these issues will be crucial for long-term market sustainability.
This report aims to provide a comprehensive presentation of the global market for Alloy Wheels, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Alloy Wheels by region & country, by Type, and by Application.
The Alloy Wheels 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 Alloy Wheels.
Market Segmentation
By Company
- CITIC Dicastal
- Superior Industries
- Iochpe-Maxion
- Ronal Wheels
- Borbet
- Howmet Aerospace
- Lizhong Group
- Wanfeng Auto
- Zhejiang Jinfei
- Topy Group
- Enkei Wheels
- Accuride
- Yueling Wheels
- YHI
- Zhongnan Aluminum Wheels
- JC Forged
- Wheels India
- Otto Fuchs
- Pomlead
- Zeroneal
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 Alloy Wheels 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 Alloy Wheels 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 Alloy Wheels 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 Alloy Wheels Product Introduction
- 1.2 Global Alloy Wheels Market Size Forecast
- 1.2.1 Global Alloy Wheels Sales Value (2020-2031)
- 1.2.2 Global Alloy Wheels Sales Volume (2020-2031)
- 1.2.3 Global Alloy Wheels Sales Price (2020-2031)
- 1.3 Alloy Wheels Market Trends & Drivers
- 1.3.1 Alloy Wheels Industry Trends
- 1.3.2 Alloy Wheels Market Drivers & Opportunity
- 1.3.3 Alloy Wheels Market Challenges
- 1.3.4 Alloy Wheels Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Alloy Wheels Players Revenue Ranking (2024)
- 2.2 Global Alloy Wheels Revenue by Company (2020-2025)
- 2.3 Global Alloy Wheels Players Sales Volume Ranking (2024)
- 2.4 Global Alloy Wheels Sales Volume by Company Players (2020-2025)
- 2.5 Global Alloy Wheels Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Alloy Wheels Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Alloy Wheels Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Alloy Wheels
- 2.9 Alloy Wheels Market Competitive Analysis
- 2.9.1 Alloy Wheels Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Alloy Wheels Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Alloy Wheels as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Casting
- 3.1.2 Forging
- 3.1.3 Other
- 3.2 Global Alloy Wheels Sales Value by Type
- 3.2.1 Global Alloy Wheels Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Alloy Wheels Sales Value, by Type (2020-2031)
- 3.2.3 Global Alloy Wheels Sales Value, by Type (%) (2020-2031)
- 3.3 Global Alloy Wheels Sales Volume by Type
- 3.3.1 Global Alloy Wheels Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Alloy Wheels Sales Volume, by Type (2020-2031)
- 3.3.3 Global Alloy Wheels Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Alloy Wheels 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 Alloy Wheels Sales Value by Application
- 4.2.1 Global Alloy Wheels Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Alloy Wheels Sales Value, by Application (2020-2031)
- 4.2.3 Global Alloy Wheels Sales Value, by Application (%) (2020-2031)
- 4.3 Global Alloy Wheels Sales Volume by Application
- 4.3.1 Global Alloy Wheels Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Alloy Wheels Sales Volume, by Application (2020-2031)
- 4.3.3 Global Alloy Wheels Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Alloy Wheels Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Alloy Wheels Sales Value by Region
- 5.1.1 Global Alloy Wheels Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Alloy Wheels Sales Value by Region (2020-2025)
- 5.1.3 Global Alloy Wheels Sales Value by Region (2026-2031)
- 5.1.4 Global Alloy Wheels Sales Value by Region (%), (2020-2031)
- 5.2 Global Alloy Wheels Sales Volume by Region
- 5.2.1 Global Alloy Wheels Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Alloy Wheels Sales Volume by Region (2020-2025)
- 5.2.3 Global Alloy Wheels Sales Volume by Region (2026-2031)
- 5.2.4 Global Alloy Wheels Sales Volume by Region (%), (2020-2031)
- 5.3 Global Alloy Wheels Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Alloy Wheels Sales Value, 2020-2031
- 5.4.2 North America Alloy Wheels Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Alloy Wheels Sales Value, 2020-2031
- 5.5.2 Europe Alloy Wheels Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Alloy Wheels Sales Value, 2020-2031
- 5.6.2 Asia Pacific Alloy Wheels Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Alloy Wheels Sales Value, 2020-2031
- 5.7.2 South America Alloy Wheels Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Alloy Wheels Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Alloy Wheels Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Alloy Wheels Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Alloy Wheels Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Alloy Wheels Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Alloy Wheels Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Alloy Wheels Sales Value, 2020-2031
- 6.3.2 United States Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Alloy Wheels Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Alloy Wheels Sales Value, 2020-2031
- 6.4.2 Europe Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Alloy Wheels Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Alloy Wheels Sales Value, 2020-2031
- 6.5.2 China Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Alloy Wheels Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Alloy Wheels Sales Value, 2020-2031
- 6.6.2 Japan Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Alloy Wheels Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Alloy Wheels Sales Value, 2020-2031
- 6.7.2 South Korea Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Alloy Wheels Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Alloy Wheels Sales Value, 2020-2031
- 6.8.2 Southeast Asia Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Alloy Wheels Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Alloy Wheels Sales Value, 2020-2031
- 6.9.2 India Alloy Wheels Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Alloy Wheels Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 CITIC Dicastal
- 7.1.1 CITIC Dicastal Company Information
- 7.1.2 CITIC Dicastal Introduction and Business Overview
- 7.1.3 CITIC Dicastal Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 CITIC Dicastal Alloy Wheels Product Offerings
- 7.1.5 CITIC Dicastal Recent Development
- 7.2 Superior Industries
- 7.2.1 Superior Industries Company Information
- 7.2.2 Superior Industries Introduction and Business Overview
- 7.2.3 Superior Industries Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Superior Industries Alloy Wheels Product Offerings
- 7.2.5 Superior Industries Recent Development
- 7.3 Iochpe-Maxion
- 7.3.1 Iochpe-Maxion Company Information
- 7.3.2 Iochpe-Maxion Introduction and Business Overview
- 7.3.3 Iochpe-Maxion Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Iochpe-Maxion Alloy Wheels Product Offerings
- 7.3.5 Iochpe-Maxion Recent Development
- 7.4 Ronal Wheels
- 7.4.1 Ronal Wheels Company Information
- 7.4.2 Ronal Wheels Introduction and Business Overview
- 7.4.3 Ronal Wheels Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Ronal Wheels Alloy Wheels Product Offerings
- 7.4.5 Ronal Wheels Recent Development
- 7.5 Borbet
- 7.5.1 Borbet Company Information
- 7.5.2 Borbet Introduction and Business Overview
- 7.5.3 Borbet Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Borbet Alloy Wheels Product Offerings
- 7.5.5 Borbet Recent Development
- 7.6 Howmet Aerospace
- 7.6.1 Howmet Aerospace Company Information
- 7.6.2 Howmet Aerospace Introduction and Business Overview
- 7.6.3 Howmet Aerospace Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Howmet Aerospace Alloy Wheels Product Offerings
- 7.6.5 Howmet Aerospace Recent Development
- 7.7 Lizhong Group
- 7.7.1 Lizhong Group Company Information
- 7.7.2 Lizhong Group Introduction and Business Overview
- 7.7.3 Lizhong Group Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Lizhong Group Alloy Wheels Product Offerings
- 7.7.5 Lizhong Group Recent Development
- 7.8 Wanfeng Auto
- 7.8.1 Wanfeng Auto Company Information
- 7.8.2 Wanfeng Auto Introduction and Business Overview
- 7.8.3 Wanfeng Auto Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Wanfeng Auto Alloy Wheels Product Offerings
- 7.8.5 Wanfeng Auto Recent Development
- 7.9 Zhejiang Jinfei
- 7.9.1 Zhejiang Jinfei Company Information
- 7.9.2 Zhejiang Jinfei Introduction and Business Overview
- 7.9.3 Zhejiang Jinfei Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Zhejiang Jinfei Alloy Wheels Product Offerings
- 7.9.5 Zhejiang Jinfei Recent Development
- 7.10 Topy Group
- 7.10.1 Topy Group Company Information
- 7.10.2 Topy Group Introduction and Business Overview
- 7.10.3 Topy Group Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Topy Group Alloy Wheels Product Offerings
- 7.10.5 Topy Group Recent Development
- 7.11 Enkei Wheels
- 7.11.1 Enkei Wheels Company Information
- 7.11.2 Enkei Wheels Introduction and Business Overview
- 7.11.3 Enkei Wheels Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Enkei Wheels Alloy Wheels Product Offerings
- 7.11.5 Enkei Wheels Recent Development
- 7.12 Accuride
- 7.12.1 Accuride Company Information
- 7.12.2 Accuride Introduction and Business Overview
- 7.12.3 Accuride Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Accuride Alloy Wheels Product Offerings
- 7.12.5 Accuride Recent Development
- 7.13 Yueling Wheels
- 7.13.1 Yueling Wheels Company Information
- 7.13.2 Yueling Wheels Introduction and Business Overview
- 7.13.3 Yueling Wheels Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Yueling Wheels Alloy Wheels Product Offerings
- 7.13.5 Yueling Wheels Recent Development
- 7.14 YHI
- 7.14.1 YHI Company Information
- 7.14.2 YHI Introduction and Business Overview
- 7.14.3 YHI Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 YHI Alloy Wheels Product Offerings
- 7.14.5 YHI Recent Development
- 7.15 Zhongnan Aluminum Wheels
- 7.15.1 Zhongnan Aluminum Wheels Company Information
- 7.15.2 Zhongnan Aluminum Wheels Introduction and Business Overview
- 7.15.3 Zhongnan Aluminum Wheels Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Zhongnan Aluminum Wheels Alloy Wheels Product Offerings
- 7.15.5 Zhongnan Aluminum Wheels Recent Development
- 7.16 JC Forged
- 7.16.1 JC Forged Company Information
- 7.16.2 JC Forged Introduction and Business Overview
- 7.16.3 JC Forged Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 JC Forged Alloy Wheels Product Offerings
- 7.16.5 JC Forged Recent Development
- 7.17 Wheels India
- 7.17.1 Wheels India Company Information
- 7.17.2 Wheels India Introduction and Business Overview
- 7.17.3 Wheels India Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 Wheels India Alloy Wheels Product Offerings
- 7.17.5 Wheels India Recent Development
- 7.18 Otto Fuchs
- 7.18.1 Otto Fuchs Company Information
- 7.18.2 Otto Fuchs Introduction and Business Overview
- 7.18.3 Otto Fuchs Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Otto Fuchs Alloy Wheels Product Offerings
- 7.18.5 Otto Fuchs Recent Development
- 7.19 Pomlead
- 7.19.1 Pomlead Company Information
- 7.19.2 Pomlead Introduction and Business Overview
- 7.19.3 Pomlead Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 Pomlead Alloy Wheels Product Offerings
- 7.19.5 Pomlead Recent Development
- 7.20 Zeroneal
- 7.20.1 Zeroneal Company Information
- 7.20.2 Zeroneal Introduction and Business Overview
- 7.20.3 Zeroneal Alloy Wheels Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.20.4 Zeroneal Alloy Wheels Product Offerings
- 7.20.5 Zeroneal Recent Development
8 Industry Chain Analysis
- 8.1 Alloy Wheels Industrial Chain
- 8.2 Alloy Wheels 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 Alloy Wheels Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Alloy Wheels 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