Automotive Steel Wheels Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Rim Size (13–15 Inches, 16–18 Inches, 19–21 Inches, and More Than 21 Inches) Vehicle Type (Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Vehicle), and End User (OEM and Aftermarket)

Publication Month: Mar 2021 | Report Code: TIPRE00015812 | No. of Pages: 147 | Category: Automotive and Transportation | Status: Published

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The automotive steel wheels market was valued at US$ 8,009.43 million in 2020 and is projected to reach US$ 10,756.13 million by 2028. The automotive steel wheels market is expected to grow at a CAGR of 4.4% during the forecast period of 2021 to 2028.

 

Automotive components are getting evolved at rapid rate with advancement in designs, sizes, and materials. The steel wheels are getting lighter in weight with advanced design to enhance fuel efficiency and performance of cars. Medium and heavy-duty trucks (M&HDT) ranging from class 3–8, generally use steel wheels owing to their higher weight carrying capacity as opposed to alloy wheels. Alloy wheels are not a good choice where gross vehicle weight rating is above 6 tons. However, the shifting of customer preference toward the alloy and aluminum wheels in among the key factors expected to hamper the market growth during the forecast period. Alloy wheels have gained a remarkable popularity among the high-end cars. For instance, Koenigsegg Automotive AB uses full carbon fiber wheels on its Regera car.   

 

The increasing adoption of electrical cars over fossil fuel-based cars is propelling the market to offer enhanced products for electric cars. The global automotive steel wheels market is segmented in terms of rim size, vehicle type, end user, and geography. Based on rim size, the automotive steel wheels market is further segmented into 13–15 inches, 16–18 inches, 19–21 inches, and more than 21 inches. In terms of vehicle type, the automotive steel wheels market is further segmented into heavy commercial vehicle, light commercial vehicle, and passenger vehicle. Based on end user, the automotive steel wheels market is further bifurcated into OEM, and aftermarket.

 

Impact of COVID-19 Pandemic on Automotive Steel Wheels Market

The COVID-19 pandemic has hampered the automobile industry and economic growth of almost every country. Severe impact on the manufacturing sector is witnessed as facilities remained closed for a certain period. Sales of various vehicles such as passenger cars and commercial vehicles is declined. The automotive industry took a major hit as the demand for cars, trucks, buses, and vehicles reduced from every region and end consumers. The revenue model for automobiles has declined due to the low production during the lockdown period. Post-lockdown, the automobile industry started to regain the market share as production facilities restarted their operations with social distancing measures. In addition, the growing inclination toward electric vehicles also helped increase the sale of steel wheels in electric cars for better performance. The COVID-19 pandemic created a major impact on the automobile industry for the first half of 2020; however, after the third quarter, the increasing sale of vehicles supported the market growth.

 

Lucrative Regions in Automotive steel wheels Market

Lucrative Regions in Automotive steel wheels Market

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Automotive Steel Wheels Market Insights

 

Growing Demand for Lightweight Steel Wheels

Automobile wheels are made from materials such as steel, aluminum, magnesium, carbon fiber, and other metal combinations. Parameters such as size, weight, material, and designs contribute significantly to wheel performance. Wheel weight has a vital role in the movement and performance of cars, trucks, buses, and bikes. Lower the weight of the wheel, lesser the overall weight of the vehicle, which helps improve fuel consumption.

 

Rim Size-Based Market Insights

Based on rim size, the automotive steel wheels market has been segmented into 13–15 inches, 16–18 inches, 19–21 inches, and more than 21 inches. If the width of the wheel increases, the size of the tire's sidewall must reduce to preserve the tire's total diameter. It is important to maintain the average tire diameter same to keep the gearing stable and the speedometer correct, as well as to ensure that the wheels and tires match inside the fenders. Thus, wheel size plays an important role in vehicle balance management. Standard road cars generally have wheels that are between 13–15 inches in diameter.

 

Automotive Steel Wheels Market, by Rim Size– 2020 and 2028

Automotive Steel Wheels Market, by Rim Size– 2020 and 2028

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Vehicle Type-Based Market Insights

In terms of vehicle type, the global automotive steel wheels market is segmented into passenger vehicle, heavy commercial vehicle, and light commercial vehicle. The price of steel wheels is not steady due to the recent rise in demand for large commercial vehicle steel wheels. Furthermore, the increasingly volatile markets for raw materials such as steel have placed financial strain on the vehicle steel wheels manufacturers. For example, Steel Strips Group recently set a price limit for consumers, causing the firm to be unable to accommodate the increase in raw material prices.

 

End User-Based Market Insights

Based on end user, the global automotive steel wheels market is segmented into OEM and aftermarket. The OEM segment is projected to dominate the market during the forecast period, owing to installation of steel wheels during the car assembly process. The car manufactures are installing the steel wheels to reduce the cost of vehicle and enhance the performance. The low replacement rate and the high level of experience needed for installation have resulted in the concentration of sales of vehicle wheels to OEMs.

                                 

Strategic Insights

Players operating in the automotive steel wheels market focus on strategies such as market initiatives, acquisitions, and product launches to maintain their positions in the automotive steel wheels market. A few developments by key players of the automotive steel wheels market are:

 

In March 2020, Accuride Corporation announced the introduction of the lightest steel wheel trailer product portfolio for Europe’s commercial vehicle industry. Accuride’s new light weight wheel offers up to four kilograms in weight savings compared to Accuride’s current offering which could represent 32 kilograms weight savings in a tractor-trailer combination.

 

Automotive Steel Wheels Market – by Rim Size

  • 13–15 Inches
  • 16–18 Inches
  • 19–21 Inches
  • More than 21 Inches


Automotive Steel Wheels Market – by Vehicle Type

  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Passenger Vehicle


Automotive Steel Wheels Market – by End User

  • OEM
  • Aftermarket


Automotive Steel Wheels Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Automotive Steel Wheels Market – Company Profiles

  • TOPY INDUSTRIES LIMITED
  • STEEL STRIPS WHEELS LIMITED
  • SHANGHAI BAOSTEEL AUTOPARTS CO. LTD.
  • MANGELS
  • Klassic Wheels Ltd.
  • IOCHPE-MAXION SA
  • Fastco Canada
  • Central Motor Wheel of America, Inc.
  • ALCAR HOLDING GMBH
  • Accuride Corporation

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Automotive Steel Wheels Market – By Rim Size

1.3.2        Automotive Steel Wheels Market – By Vehicle Type

1.3.3        Automotive Steel Wheels Market – By End User

1.3.4        Global Automotive Steel Wheels Market – By Geography

2.             Automotive Steel Wheels Market – Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Global Automotive Steel Wheels – Market Landscape

4.1       Overview

4.2       PEST Analysis

4.2.1        North America – PEST Analysis

4.2.2        Europe PEST Analysis

4.2.3        APAC PEST Analysis

4.2.4        Middle East & Africa PEST Analysis

4.2.5        South & Central America PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Automotive Steel Wheels Market– Industry Dynamics

5.1       Market Drivers

5.1.1        Increase in Demand for Lightweight Steel Wheels

5.2       Market Restraints

5.2.1        Rising Popularity of Alloy Wheels

5.3       Market Opportunities

5.3.1        Adoption of Steel Wheels in Electric Power Vehicles

5.4       Future Trends

5.4.1        Technological Advancements in Manufacturing of Automotive Wheels

5.5       Impact analysis

6.             Automotive Steel Wheels Market – Global Analysis

6.1       Global Automotive Steel Wheels Market Overview

6.2       Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

6.3       Market Positioning

7.             Automotive Steel Wheels Market Analysis and Forecast to 2028 – by Rim Size

7.1       Overview

7.2       Automotive Steel Wheels Market, by Rim Size, 2020 & 2028 (% Share)

7.3-15 Inches

7.3.1        Overview

7.3.2-15 Inches: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

7.4-18 Inches

7.4.1        Overview

7.4.2-18 Inches: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

7.5-21 Inches

7.5.1        Overview

7.5.2-21 Inches: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

7.6       More than 21 Inches

7.6.1        Overview

7.6.2        More than 21 Inches: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

8.             Global Automotive Steel Wheels Market Analysis and Forecast to 2028 – Vehicle Type

8.1       Overview

8.2       Automotive Steel Wheels Market, by Vehicle Type, 2020 & 2028 (% Share)

8.3       Heavy Commercial Vehicle

8.3.1        Overview

8.3.2        Heavy Commercial Vehicle: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

8.4       Light Commercial Vehicle

8.4.1        Overview

8.4.2        Light Commercial Vehicle: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

8.5       Passenger Vehicle

8.5.1        Overview

8.5.2        Passenger Vehicle: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

9.             Global Automotive Steel Wheels Market Analysis and Forecast to 2028 – End User

9.1       Overview

9.2       Automotive Steel Wheels Market, by End User, 2020 & 2028 (% Share)

9.3       OEM (Original Equipment Manufacturers)

9.3.1        Overview

9.3.2        OEM: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

9.4       Aftermarket

9.4.1        Overview

9.4.2        Aftermarket: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

10.          Automotive Steel Wheels Market Revenue and Forecast to 2028 Geographical Analysis

10.1    North America Automotive Steel Wheels Market

10.1.1     Overview

10.1.2     North America Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

10.1.3     North America Automotive Steel Wheels Market, Revenue and Forecast 2020-2028, By Country (%)

10.1.4     North America: Automotive Steel Wheels Market, By Rim Size

10.1.5     North America: Automotive Steel Wheels Market, By Vehicle Type

10.1.6     North America: Automotive Steel Wheels Market, By End User

10.1.6.1    United States: Automotive Steel Wheels Market

10.1.6.2    Overview

10.1.6.3    United States - Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

10.1.6.4    United States: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.1.6.5    United States: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.1.6.6    United States: Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.1.7     Canada - Automotive Steel Wheels Market

10.1.7.1    Overview

10.1.7.2    Canada: Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

10.1.7.3    Canada: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.1.7.4    Canada: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.1.7.5    Canada: Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.1.8     Mexico - Automotive Steel Wheels Market

10.1.8.1    Overview

10.1.8.2    Mexico: Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

10.1.8.3    Mexico: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.1.8.4    Mexico: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.1.8.5    Mexico: Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.2    Europe: Automotive Steel Market

10.2.1     Overview

10.2.2     Europe Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

10.2.3     Europe: Automotive Steel Wheels Market, by Country 2020 & 2028 (%)

10.2.4     Europe: Automotive Steel Wheels Market, By Rim Size

10.2.5     Europe: Automotive Steel Wheels Market, By Vehicle Type

10.2.6     Europe: Automotive Steel Wheels Market, By End User

10.2.8     Germany: Automotive Steel Market

10.2.8.1    Overview

10.2.8.2    Germany: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

10.2.8.3    Germany Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.2.8.4    Germany Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.2.8.5    Germany Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.2.9     United Kingdom: Automotive Steel Market

10.2.9.1    Overview

10.2.9.2    United Kingdom: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

10.2.9.3    United Kingdom Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.2.9.4    United Kingdom Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.2.9.5    United Kingdom Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.2.10   France Automotive Steel Market

10.2.10.1 Overview

10.2.10.2 France: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

10.2.10.3 France Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.2.10.4 France Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.2.10.5 France Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.2.11   Russia: Automotive Steel Market

10.2.11.1 Overview

10.2.11.2 Russia: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

10.2.11.3 Russia Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.2.11.4 Russia Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.2.11.5 Russia Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.2.12   Italy: Automotive Steel Market

10.2.12.1 Overview

10.2.12.2 Italy: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

10.2.12.3 Italy Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.2.12.4 Italy Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.2.12.5 Italy Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.2.13   Rest of Europe: Automotive Steel Market

10.2.13.1 Overview

10.2.13.2 Rest of Europe: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (USD Million)

10.2.13.3 Rest of Europe Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

10.2.13.4 Rest of Europe Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

10.2.13.5 Rest of Europe Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

10.4    Asia Pacific: Automotive Steel Market

10.4.1     Overview

10.4.2     Asia Pacific: Automotive Steel Wheels Market - Revenue and Forecast to 2028 (USD Million)

10.4.3     Asia Pacific: Automotive Steel Wheels Market, By Rim Size

10.4.4     Asia Pacific: Automotive Steel Wheels Market, By Vehicle Type

10.4.5     Asia Pacific: Automotive Steel Wheels Market, By End-User

10.4.6     Asia Pacific: Automotive Steel Wheels Market, By Country

10.4.7     China: Automotive Steel Market

10.4.7.1    Overview

10.4.7.2    China: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.4.7.2.1    China: Automotive Steel Wheels Market, By Rim Size

10.4.7.2.2    China: Automotive Steel Wheels Market, By Vehicle Type

10.4.7.2.3    China: Automotive Steel Wheels Market, By End-User

10.4.8     India: Automotive Steel Market

10.4.8.1    Overview

10.4.8.2    India: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.4.8.3    India: Automotive Steel Wheels Market, By Rim Size

10.4.8.4    India: Automotive Steel Wheels Market, By Vehicle Type

10.4.8.5    India: Automotive Steel Wheels Market, By End-User

10.4.9     Japan: Automotive Steel Market

10.4.9.1    Overview

10.4.9.2    Japan: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.4.9.3    Japan: Automotive Steel Wheels Market, By Rim Size

10.4.9.4    Japan: Automotive Steel Wheels Market, By Vehicle Type

10.4.9.5    Japan: Automotive Steel Wheels Market, By End-User

10.4.10   South Korea: Automotive Steel Market

10.4.10.1 Overview

10.4.10.2 South Korea: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.4.10.2.1 South Korea: Automotive Steel Wheels Market, By Rim Size

10.4.10.2.2 South Korea: Automotive Steel Wheels Market, By Vehicle Type

10.4.10.2.3 South Korea: Automotive Steel Wheels Market, By End-User

10.4.11   Australia: Automotive Steel Market

10.4.11.1 Overview

10.4.11.2 Australia: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.4.11.3 Australia: Automotive Steel Wheels Market, By Rim Size

10.4.11.4 Australia: Automotive Steel Wheels Market, By Vehicle Type

10.4.11.5 Australia: Automotive Steel Wheels Market, By End-User

10.4.12   Rest of Asia Pacific: Automotive Steel Market

10.4.12.1 Overview

10.4.12.2 Rest of Asia Pacific: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.4.12.3 Rest of Asia Pacific: Automotive Steel Wheels Market, By Rim Size

10.4.12.4 Rest of Asia Pacific: Automotive Steel Wheels Market, By Vehicle Type

10.4.12.5 Rest of Asia Pacific: Automotive Steel Wheels Market, By End-User

10.5    South and Central America: Automotive Steel Wheels Market

10.5.1     Overview

10.5.2     South and Central America: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.5.3     South and Central America: Automotive Steel Wheels Market, By Rim Size

10.5.4     South and Central America: Automotive Steel Wheels Market, By Vehicle Type

10.5.5     South and Central America: Automotive Steel Wheels Market, By End-User

10.5.6     South and Central America: Automotive Steel Wheels Market, By Country

10.5.7     Brazil: Automotive Steel Market

10.5.7.1    Overview

10.5.7.2    Brazil: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.5.7.3    Brazil: Automotive Steel Wheels Market, By Rim Size

10.5.7.4    Brazil: Automotive Steel Wheels Market, By Vehicle Type

10.5.7.5    Brazil: Automotive Steel Wheels Market, By End-User

10.5.8     Rest of Europe: Automotive Steel Market

10.5.8.1    Overview

10.5.8.2    Argentina: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.5.8.3    Argentina: Automotive Steel Wheels Market, By Rim Size

10.5.8.4    Argentina: Automotive Steel Wheels Market, By Vehicle Type

10.5.8.5    Argentina: Automotive Steel Wheels Market, By End-User

10.5.9     Rest of Europe: Automotive Steel Market

10.5.9.1    Overview

10.5.9.2    Rest of South and Central America: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

10.5.9.3    Rest of South and Central America: Automotive Steel Wheels Market, By Rim Size

10.5.9.4    Rest of South and Central America: Automotive Steel Wheels Market, By Vehicle Type

10.5.9.5    Rest of South and Central America: Automotive Steel Wheels Market, By End-User

11.          Impact Of COVID-19 Pandemic on Global Automotive Steel Wheels Market

11.1    North America: Impact Assessment of COVID-19 Pandemic

11.2    Europe: Impact Assessment Of COVID-19 Pandemic

11.3    Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.4    South and Central America: Impact Assessment of COVID-19 Pandemic

11.5    Middle East and Africa: Impact Assessment Of COVID-19 Pandemic

12.          Industry Landscape

12.1    Strategy and Business Planning

12.2    Product News

12.3    Partnerships & Collaboration

13.          Company Profiles

13.1    TOPY INDUSTRIES LIMITED

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    STEEL STRIPS WHEELS LIMITED

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    SHANGHAI BAOSTEEL AUTOPARTS CO. LTD.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    MANGELS

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    Klassic Wheels Ltd.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    IOCHPE-MAXION SA

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    Fastco Canada

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    Central Motor Wheel of America, Inc.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    ALCAR HOLDING GMBH

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Accuride Corporation

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.          Appendix

14.1    About The Insight Partners

14.2    Glossary of Terms

LIST OF TABLES

Table 1.             Automotive Steel Wheels Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             North America Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 3.             North America Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 4.             North America Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5.             United States: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 6.             United States: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             United States: Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 8.             Canada: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 9.             Canada: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 10.          Canada: Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028  (USD Million)

Table 11.          Mexico: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 12.          Mexico: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 13.          Mexico: Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 14.          Europe Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 15.          Europe Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 16.          Europe Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 17.          Germany Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 18.          Germany Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 19.          Germany Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 20.          United Kingdom Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 21.          United Kingdom Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 22.          United Kingdom Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 23.          France Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 24.          France Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 25.          France Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 26.          Russia Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 27.          Russia Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 28.          Russia Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 29.          Italy Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 30.          Italy Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 31.          Italy Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 32.          Rest of Europe Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 33.          Rest of Europe Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 34.          Rest of Europe Automotive Steel Wheels Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 35.          Asia Pacific Automotive Steel Wheels Market, By Rim Size – Revenue and Forecast to 2028 (US$ Million)

Table 36.          Asia Pacific: Automotive Steel Wheels Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 37.          Asia Pacific Automotive Steel Wheels Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 38.          China: Automotive Steel Wheels Market, By Rim Size – Revenue and Forecast to 2028 (US$ Million)

Table 39.          China: Automotive Steel Wheels Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 40.          China: Automotive Steel Wheels Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 41.          India: Automotive Steel Wheels Market, By Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 42.          India: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 43.          India: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 44.          Japan: Automotive Steel Wheels Market, By Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 45.          Japan: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 46.          Japan: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 47.          South Korea: Automotive Steel Wheels Market, By Rim Size – Revenue and Forecast to 2028 (US$ Million)

Table 48.          South Korea: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 49.          South Korea: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 50.          Australia: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 51.          Australia: Automotive Steel Wheels Market, by Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 52.          Australia: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 53.          Rest of Asia Pacific: Automotive Steel Wheels Market, By Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 54.          Rest of Asia Pacific: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 55.          Rest of Asia Pacific: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 56.          South and Central America: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 57.          South and Central America: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 58.          South and Central America: Automotive Steel Wheels Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 59.          Brazil: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 60.          Brazil: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 61.          Brazil: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 62.          Argentina: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 63.          Argentina: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 64.          Argentina: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 65.          Rest of South and Central America: Automotive Steel Wheels Market, by Rim Size – Revenue and Forecast to 2028 (USD Million)

Table 66.          Rest of South and Central America: Automotive Steel Wheels Market, by Vehicle Type – Revenue and Forecast to 2028 (USD Million)

Table 67.          Rest of South and Central America: Automotive Steel Wheels Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 68.          Glossary of Terms, Automotive Steel Wheels Market

 

LIST OF FIGURES

Figure 1.           Automotive Steel Wheels Market Segmentation

Figure 2.           Automotive Steel Wheels Market – By Geography

Figure 3.           Automotive Steel Wheels Market Overview

Figure 4.-15 Inch Rim Size Segment Held Largest Share of Automotive Steel Wheels Market in 2020

Figure 5.           Automotive Steel Wheels Market in MEA Region to Show Remarkable Growth During Forecast Period

Figure 6.           Global Automotive Steel Wheels Market, By Geography (US$ Million)

Figure 7.           North America Pest Analysis

Figure 8.           Europe: PEST Analysis

Figure 9.           APAC: PEST Analysis

Figure 10.        Middle East & Africa: PEST Analysis

Figure 11.        South & Central America: PEST Analysis

Figure 12.        Ecosystem Analysis

Figure 13.        Expert Opinion

Figure 14.        Automotive Steel Wheels Market Impact Analysis of Driver and Restraints

Figure 15.        Geographic Overview of Automotive Steel Wheels Market

Figure 16.        Automotive Steel Wheels Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Automotive Steel Wheels Market, By Rim Size, 2020 & 2028 (% Share)

Figure 18.-15 Inches Market Revenue and Forecast to 2028 (US$ Mn)

Figure 19.-18 Inches Market Revenue and Forecast to 2028 (US$ Mn)

Figure 20.-21 Inches Market Revenue and Forecast to 2028 (US$ Mn)

Figure 21.        More than 21 Inches: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

Figure 22.        Automotive Steel Wheels Market, By Vehicle Type, 2020 & 2028 (% Share)

Figure 23.        Heavy Commercial Vehicle: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

Figure 24.        Light Commercial Vehicle: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

Figure 25.        Passenger Vehicle: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

Figure 26.        Automotive Steel Wheels Market, By End User, 2020 & 2028 (% Share)

Figure 27.        OEM: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

Figure 28.        Aftermarket: Automotive Steel Wheels Market Revenue and Forecast to 2028 (US$ Mn)

Figure 29.        North America Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 30.        North America Automotive Steel Wheels Market, Revenue and Forecast To 2020-2028, By Country (%)

Figure 31.        North America Automotive Steel Wheels Market Revenue Share, by Rim Size (2020 and 2028)

Figure 32.        North America Automotive Steel Wheels Market Revenue Share, by Vehicle Type (2018 and 2028)

Figure 33.        North America Automotive Steel Wheels Market Revenue Share, by End User (2020 and 2028)

Figure 34.        US Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 35.        Canada: Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 36.        Mexico: Automotive Steel Wheels Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 37.        Europe: Automotive Steel Wheels Market, by Key Country – Revenue (2020) (USD Million)

Figure 38.        Europe: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 39.        Europe Automotive Steel Wheels Market by Country 2020 & 2028 (%)

Figure 40.        Europe Automotive Steel Wheels Market Revenue Share, by Rim Size (2020 and 2028)

Figure 41.        Europe Automotive Steel Wheels Market Revenue Share, by Vehicle Type (2020 and 2028)

Figure 42.        Europe Automotive Steel Wheels Market Revenue Share, by End User (2018 and 2028)

Figure 43.        Germany: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 44.        United Kingdom: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 45.        France: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 46.        Russia: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 47.        Italy: Automotive Steel Wheels Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 48.        Rest of Europe: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (USD Million)

Figure 49.        Asia Pacific Automotive Steel Wheels Market Revenue and Forecast to 2028 (USD Million)

Figure 50.        Asia Pacific: Automotive Steel Wheels Market Revenue Share, By Rim Size (2020 and 2028)

Figure 51.        Asia Pacific: Automotive Steel Wheels Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 52.        Asia Pacific: Automotive Steel Wheels Market Revenue Share, By End-User (2020 and 2028)

Figure 53.        Asia Pacific: Automotive Steel Wheels Market Revenue Share, By Country (2020 and 2028)

Figure 54.        China: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55.        India: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56.        Japan: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57.        South Korea: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58.        Australia: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59.        Rest of Asia Pacific: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60.        South and Central America: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61.        South and Central America: Automotive Steel Wheels Market Revenue Share, By Rim Size (2020 and 2028)

Figure 62.        South and Central America: Automotive Steel Wheels Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 63.        South and Central America: Automotive Steel Wheels Market Revenue Share, By End-User (2020 and 2028)

Figure 64.        South and Central America: Automotive Steel Wheels Market Revenue Share, By Country (2020 and 2028)

Figure 65.        Brazil: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66.        Argentina: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67.        Rest of South and Central America: Automotive Steel Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68.        Impact Of COVID-19 Pandemic in North American Country Markets

Figure 69.        Impact of COVID-19 Pandemic in European Country Markets

Figure 70.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 71.        Impact Of COVID-19 Pandemic in South and Central America Countries Market

Figure 72.        Impact Of COVID-19 Pandemic in Middle East and Africa Countries Market

 

The List of Companies - Automotive Steel Wheels Market

  1. TOPY INDUSTRIES LIMITED
  2. STEEL STRIPS WHEELS LIMITED
  3. SHANGHAI BAOSTEEL AUTOPARTS CO. LTD.
  4. MANGELS
  5. Klassic Wheels Ltd.
  6. IOCHPE-MAXION SA
  7. Fastco Canada
  8. Central Motor Wheel of America, Inc.
  9. ALCAR HOLDING GMBH
  10. Accuride Corporation
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Frequently Asked Questions

The automotive industry is developing advanced components with lower weights to improve vehicle fuel efficiency and performance. The requirement of lightweight steel wheels from vehicles manufactures is driving the market. Also, emergence of the electric car is creating lucrative opportunity for the market. Key factors that are driving growth of the market are growing demand for Increased demand for lightweight steel wheels, increasing low prices automotive components.

The passenger car segment is projected to dominate the demand for automotive steel wheels amid the forecast period. Passenger vehicles account for the majority of overall automotive demand. Furthermore, increasing advances by key OEMs to increase the driving quality and reliability of passenger vehicles would boost the automobile wheel market in this category. The rise in consumer disposable income, especially in developing countries such as China, India, and Mexico, is driving demand for the automotive wheel rim market in the passenger car sector.

The electric power, automotive, manufacturing, and transportation industries are growing in significant rate in developing countries such as India, China, and Brazil. Rise in population and the growing demand for personal commute are the major factors supporting the automotive steel wheels market. Furthermore, the government's growing investment to encourage the introduction of electric vehicles is increasing demand for personal vehicles. For e.g., the Indian government initiated the National Electric Mobility Mission Plan 2020 in 2019 in order to attract domestic manufacturers. The government proposed more than 130 billion in demand incentive investment and 18 billion in R&D investment under this scheme, which will lower the manufacturing cost of electric vehicles and boost sales over the projected timeframe.

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