Global Automotive Wheels Aftermarket Industry Size Study, by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), by Vehicle (PC, CV), by Coating, Material, by Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), by Product, Distribution, and Regional Forecasts 2022-2032

February 2025 | 285 pages | ID: G3466A53DC45EN
Bizwit Research & Consulting LLP

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The Global Automotive Wheels Aftermarket Industry is undergoing significant expansion, driven by evolving consumer preferences, advancements in wheel technology, and a growing emphasis on vehicle customization. In 2023, the market was valued at approximately USD 3.52 billion, with projections indicating a steady compound annual growth rate (CAGR) of 3.50% from 2024 to 2032, reaching an estimated valuation of USD 4.80 billion by 2032. The rising demand for performance-oriented, aesthetically appealing, and lightweight wheels is fueling growth in the aftermarket segment, as vehicle owners increasingly seek customization options beyond factory-fitted wheels.

The demand for aftermarket wheels is largely propelled by factors such as increasing vehicle ownership, the surge in demand for aesthetic modifications, and the growing replacement of worn-out or damaged wheels. Modern wheel designs emphasize not only visual appeal but also performance enhancement, with materials such as aluminum alloys, carbon fiber, and advanced coatings being introduced to improve durability, weight reduction, and corrosion resistance. Additionally, the trend toward lightweight wheels to enhance fuel efficiency and driving dynamics is gaining momentum across both passenger cars and commercial vehicles.

The industry is also benefiting from a surge in refurbishing services, where consumers opt to refinish, repaint, or customize their existing wheels rather than replace them entirely. This segment is particularly attractive to budget-conscious consumers who wish to achieve a refreshed vehicle look at a lower cost. Additionally, the emergence of smart wheel technologies, including embedded sensors for tire pressure monitoring and enhanced aerodynamics, is expected to further reshape the automotive wheels aftermarket landscape.

One of the key challenges impeding market growth is the prevalence of counterfeit and low-quality aftermarket wheels, which pose safety risks and reduce consumer trust in aftermarket products. Additionally, the high costs of premium materials such as forged aluminum and carbon fiber wheels can deter mass adoption. However, increasing consumer awareness regarding wheel safety, performance optimization, and energy efficiency is expected to mitigate these challenges over time.

The regional outlook for the automotive wheels aftermarket industry presents a diversified growth pattern. North America remains a stronghold for aftermarket customization, with consumers actively investing in wheel upgrades for performance vehicles, off-road applications, and luxury modifications. Europe, with its robust automotive heritage, continues to witness a rising demand for high-performance and lightweight wheels, particularly in Germany, the UK, and France. However, the Asia-Pacific region is projected to witness the fastest growth, fueled by rising vehicle ownership, expanding e-commerce sales for automotive components, and an increasing number of aftermarket service providers. China and India, in particular, are poised to become major hubs for aftermarket wheels, given the surge in urbanization and consumer spending on vehicle modifications.

Major Market Players Included in This Report:
  • BBS Kraftfahrzeugtechnik AG
  • Borbet GmbH
  • Ronal Group
  • Enkei Wheels
  • OZ S.p.A.
  • TSW Alloy Wheels
  • American Racing Equipment Inc.
  • Forgeline Motorsports
  • MHT Luxury Wheels
  • Konig Wheels
  • Vossen Wheels
  • SSR Wheels
  • HRE Performance Wheels
  • Rays Engineering
  • Fuel Off-Road Wheels
The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Aftermarket:
  • New Wheel Replacement
  • Refurbished Wheel Fitment
By Vehicle:
  • Passenger Cars (PC)
  • Commercial Vehicles (CV)
By Coating & Material:
  • Powder Coating
  • Liquid Coating
  • Alloy Wheels
  • Carbon Fiber Wheels
  • Steel Wheels
By Rim Size:
  • 13-15 Inch
  • 16-18 Inch
  • 19-21 Inch
  • Above 21 Inch
By Product & Distribution:
  • Multi-Piece Wheels
  • One-Piece Wheels
  • Online Retail
  • Offline Retail
By Region:

North America:
  • U.S.
  • Canada
Europe:
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia-Pacific:
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
Latin America:
  • Brazil
  • Mexico
Middle East & Africa:
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Years Considered for the Study:
  • Historical Year: 2022, 2023
  • Base Year: 2023
  • Forecast Period: 2024-2032
Key Takeaways:
  • Market estimates & forecasts for 10 years (2022-2032).
  • Annualized revenue projections with detailed regional-level analysis.
  • In-depth analysis of market segments, consumer behavior, and industry trends.
  • Strategic recommendations for market participants, including growth strategies and investment opportunities.
  • Competitive landscape evaluation with key player insights.
  • Demand-side and supply-side analysis to understand market dynamics.
CHAPTER 1.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY EXECUTIVE SUMMARY

1.1.?Global Automotive Wheels Aftermarket Industry Size & Forecast (2022-2032)
1.2.?Regional Summary
1.3.?Segmental Summary
  1.3.1.?{By Aftermarket}
  1.3.2.?{By Vehicle}
  1.3.3.?{By Coating & Material}
  1.3.4.?{By Rim Size}
  1.3.5.?{By Product & Distribution}
1.4.?Key Trends
1.5.?Recession Impact
1.6.?Analyst Recommendation & Conclusion

CHAPTER 2.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY DEFINITION AND RESEARCH ASSUMPTIONS

2.1.?Research Objective
2.2.?Market Definition
2.3.?Research Assumptions
  2.3.1.?Inclusion & Exclusion
  2.3.2.?Limitations
  2.3.3.?Supply Side Analysis
    2.3.3.1.?Availability
    2.3.3.2.?Infrastructure
    2.3.3.3.?Regulatory Environment
    2.3.3.4.?Market Competition
    2.3.3.5.?Economic Viability (Consumer’s Perspective)
  2.3.4.?Demand Side Analysis
    2.3.4.1.?Regulatory Frameworks
    2.3.4.2.?Technological Advancements
    2.3.4.3.?Environmental Considerations
    2.3.4.4.?Consumer Awareness & Acceptance
2.4.?Estimation Methodology
2.5.?Years Considered for the Study
2.6.?Currency Conversion Rates

CHAPTER 3.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY DYNAMICS

3.1.?Market Drivers
  3.1.1.?Increasing Vehicle Ownership
  3.1.2.?Demand for Performance & Aesthetic Customization
  3.1.3.?Advancements in Wheel Technology
3.2.?Market Challenges
  3.2.1.?Prevalence of Counterfeit and Low-Quality Wheels
  3.2.2.?High Costs of Premium Materials
3.3.?Market Opportunities
  3.3.1.?Growth in Refurbishing Services
  3.3.2.?Emergence of Smart Wheel Technologies
  3.3.3.?Expanding Aftermarket in Asia-Pacific

CHAPTER 4.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY ANALYSIS

4.1.?Porter’s 5 Force Model
  4.1.1.?Bargaining Power of Suppliers
  4.1.2.?Bargaining Power of Buyers
  4.1.3.?Threat of New Entrants
  4.1.4.?Threat of Substitutes
  4.1.5.?Competitive Rivalry
  4.1.6.?Futuristic Approach to Porter’s 5 Force Model
  4.1.7.?Porter’s 5 Force Impact Analysis
4.2.?PESTEL Analysis
  4.2.1.?Political
  4.2.2.?Economical
  4.2.3.?Social
  4.2.4.?Technological
  4.2.5.?Environmental
  4.2.6.?Legal
4.3.?Top Investment Opportunity
4.4.?Top Winning Strategies
4.5.?Disruptive Trends
4.6.?Industry Expert Perspective
4.7.?Analyst Recommendation & Conclusion

CHAPTER 5.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY SIZE & FORECASTS BY AFTERMARKET 2022-2032

5.1.?Segment Dashboard
5.2.?Global Automotive Wheels Aftermarket Industry: {Aftermarket} Revenue Trend Analysis, 2022 & 2032 (USD Million)
  5.2.1.?New Wheel Replacement
  5.2.2.?Refurbished Wheel Fitment

CHAPTER 6.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY SIZE & FORECASTS BY VEHICLE 2022-2032

6.1.?Segment Dashboard
6.2.?Global Automotive Wheels Aftermarket Industry: {Vehicle} Revenue Trend Analysis, 2022 & 2032 (USD Million)
  6.2.1.?Passenger Cars (PC)
  6.2.2.?Commercial Vehicles (CV)

CHAPTER 7.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY SIZE & FORECASTS BY COATING & MATERIAL 2022-2032

7.1.?Segment Dashboard
7.2.?Global Automotive Wheels Aftermarket Industry: {Coating & Material} Revenue Trend Analysis, 2022 & 2032 (USD Million)
  7.2.1.?Powder Coating
  7.2.2.?Liquid Coating
  7.2.3.?Alloy Wheels
  7.2.4.?Carbon Fiber Wheels
  7.2.5.?Steel Wheels

CHAPTER 8.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY SIZE & FORECASTS BY RIM SIZE 2022-2032

8.1.?Segment Dashboard
8.2.?Global Automotive Wheels Aftermarket Industry: {Rim Size} Revenue Trend Analysis, 2022 & 2032 (USD Million)
  8.2.1.?13-15 Inch
  8.2.2.?16-18 Inch
  8.2.3.?19-21 Inch
  8.2.4.?Above 21 Inch

CHAPTER 9.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY SIZE & FORECASTS BY PRODUCT & DISTRIBUTION 2022-2032

9.1.?Segment Dashboard
9.2.?Global Automotive Wheels Aftermarket Industry: {Product & Distribution} Revenue Trend Analysis, 2022 & 2032 (USD Million)
  9.2.1.?Multi-Piece Wheels
  9.2.2.?One-Piece Wheels
  9.2.3.?Online Retail
  9.2.4.?Offline Retail

CHAPTER 10.?GLOBAL AUTOMOTIVE WHEELS AFTERMARKET INDUSTRY SIZE & FORECASTS BY REGION 2022-2032

10.1.?North America Automotive Wheels Aftermarket Industry
  10.1.1.?U.S. Automotive Wheels Aftermarket Industry
    10.1.1.1.?{Aftermarket} breakdown size & forecasts, 2022-2032
    10.1.1.2.?{Vehicle} breakdown size & forecasts, 2022-2032
  10.1.2.?Canada Automotive Wheels Aftermarket Industry
10.2.?Europe Automotive Wheels Aftermarket Industry
  10.2.1.?U.K. Automotive Wheels Aftermarket Industry
  10.2.2.?Germany Automotive Wheels Aftermarket Industry
  10.2.3.?France Automotive Wheels Aftermarket Industry
  10.2.4.?Spain Automotive Wheels Aftermarket Industry
  10.2.5.?Italy Automotive Wheels Aftermarket Industry
  10.2.6.?Rest of Europe Automotive Wheels Aftermarket Industry
10.3.?Asia-Pacific Automotive Wheels Aftermarket Industry
  10.3.1.?China Automotive Wheels Aftermarket Industry
  10.3.2.?India Automotive Wheels Aftermarket Industry
  10.3.3.?Japan Automotive Wheels Aftermarket Industry
  10.3.4.?Australia Automotive Wheels Aftermarket Industry
  10.3.5.?South Korea Automotive Wheels Aftermarket Industry
  10.3.6.?Rest of Asia-Pacific Automotive Wheels Aftermarket Industry
10.4.?Latin America Automotive Wheels Aftermarket Industry
  10.4.1.?Brazil Automotive Wheels Aftermarket Industry
  10.4.2.?Mexico Automotive Wheels Aftermarket Industry
  10.4.3.?Rest of Latin America Automotive Wheels Aftermarket Industry
10.5.?Middle East & Africa Automotive Wheels Aftermarket Industry
  10.5.1.?Saudi Arabia Automotive Wheels Aftermarket Industry
  10.5.2.?South Africa Automotive Wheels Aftermarket Industry
  10.5.3.?Rest of Middle East & Africa Automotive Wheels Aftermarket Industry

CHAPTER 11.?COMPETITIVE INTELLIGENCE

11.1.?Key Company SWOT Analysis
  11.1.1.?BBS Kraftfahrzeugtechnik AG
  11.1.2.?Borbet GmbH
  11.1.3.?Ronal Group
11.2.?Top Market Strategies
11.3.?Company Profiles
  11.3.1.?BBS Kraftfahrzeugtechnik AG
    11.3.1.1.?Key Information
    11.3.1.2.?Overview
    11.3.1.3.?Financial (Subject to Data Availability)
    11.3.1.4.?Product Summary
    11.3.1.5.?Market Strategies
  11.3.2.?Borbet GmbH
  11.3.3.?Ronal Group
  11.3.4.?Enkei Wheels
  11.3.5.?OZ S.p.A.
  11.3.6.?TSW Alloy Wheels
  11.3.7.?American Racing Equipment Inc.
  11.3.8.?Forgeline Motorsports
  11.3.9.?MHT Luxury Wheels
  11.3.10.?Konig Wheels
  11.3.11.?Vossen Wheels
  11.3.12.?SSR Wheels
  11.3.13.?HRE Performance Wheels
  11.3.14.?Rays Engineering
  11.3.15.?Fuel Off-Road Wheels

CHAPTER 12.?RESEARCH PROCESS

12.1.?Research Process
  12.1.1.?Data Mining
  12.1.2.?Analysis
  12.1.3.?Market Estimation
  12.1.4.?Validation
  12.1.5.?Publishing
12.2.?Research Attributes

LIST OF TABLES

TABLE 1.?Global Automotive Wheels Aftermarket Industry, Report Scope
TABLE 2.?Global Automotive Wheels Aftermarket Industry Estimates & Forecasts by Region 2022-2032 (USD Million)
TABLE 3.?Global Automotive Wheels Aftermarket Industry Estimates & Forecasts by Aftermarket 2022-2032 (USD Million)
TABLE 4.?Global Automotive Wheels Aftermarket Industry Estimates & Forecasts by Vehicle 2022-2032 (USD Million)
TABLE 5.?Global Automotive Wheels Aftermarket Industry Estimates & Forecasts by Coating & Material 2022-2032 (USD Million)
TABLE 6.?Global Automotive Wheels Aftermarket Industry Estimates & Forecasts by Rim Size 2022-2032 (USD Million)
TABLE 7.?Global Automotive Wheels Aftermarket Industry Estimates & Forecasts by Product & Distribution 2022-2032 (USD Million)
TABLE 8.?Global Automotive Wheels Aftermarket Industry by Segment, Estimates & Forecasts, 2022-2032 (USD Million)
TABLE 9.?Global Automotive Wheels Aftermarket Industry by Region, Estimates & Forecasts, 2022-2032 (USD Million)
TABLE 10.?U.S. Automotive Wheels Aftermarket Industry Estimates & Forecasts, 2022-2032 (USD Million)
TABLE 11.?U.S. Automotive Wheels Aftermarket Industry Estimates & Forecasts by Segment 2022-2032 (USD Million)
TABLE 12.?Canada Automotive Wheels Aftermarket Industry Estimates & Forecasts, 2022-2032 (USD Million)
TABLE 13.?Canada Automotive Wheels Aftermarket Industry Estimates & Forecasts by Segment 2022-2032 (USD Million)
…..
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
________________________________________

LIST OF FIGURES

FIG 1.?Global Automotive Wheels Aftermarket Industry, Research Methodology
FIG 2.?Global Automotive Wheels Aftermarket Industry, Market Estimation Techniques
FIG 3.?Global Automotive Wheels Aftermarket Industry, Market Size Estimates & Forecast Methods
FIG 4.?Global Automotive Wheels Aftermarket Industry, Key Trends 2023
FIG 5.?Global Automotive Wheels Aftermarket Industry, Growth Prospects 2022-2032
FIG 6.?Global Automotive Wheels Aftermarket Industry, Porter’s 5 Force Model
FIG 7.?Global Automotive Wheels Aftermarket Industry, PESTEL Analysis
FIG 8.?Global Automotive Wheels Aftermarket Industry, Value Chain Analysis
FIG 9.?Global Automotive Wheels Aftermarket Industry by Segment, 2022 & 2032 (USD Million)
FIG 10.?Global Automotive Wheels Aftermarket Industry by Segment, 2022 & 2032 (USD Million)
FIG 11.?Global Automotive Wheels Aftermarket Industry by Segment, 2022 & 2032 (USD Million)
FIG 12.?Global Automotive Wheels Aftermarket Industry by Segment, 2022 & 2032 (USD Million)
FIG 13.?Global Automotive Wheels Aftermarket Industry by Segment, 2022 & 2032 (USD Million)
FIG 14.?Global Automotive Wheels Aftermarket Industry, Regional Snapshot 2022 & 2032
FIG 15.?North America Automotive Wheels Aftermarket Industry 2022 & 2032 (USD Million)
FIG 16.?Europe Automotive Wheels Aftermarket Industry 2022 & 2032 (USD Million)
FIG 17.?Asia-Pacific Automotive Wheels Aftermarket Industry 2022 & 2032 (USD Million)
FIG 18.?Latin America Automotive Wheels Aftermarket Industry 2022 & 2032 (USD Million)
FIG 19.?Middle East & Africa Automotive Wheels Aftermarket Industry 2022 & 2032 (USD Million)
FIG 20.?Global Automotive Wheels Aftermarket Industry, Company Market Share Analysis (2023)
…..
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.


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