Global Automotive Steel Wheels Market Size & Outlook
The automotive steel wheels industry worldwide is expected to reach a projected revenue of US$ 17,753.9 million by 2030. A compound annual growth rate of 2.5% is expected of the worldwide automotive steel wheels industry from 2024 to 2030.
Revenue, 2023 (US$M)
$14,935.8
Forecast, 2030 (US$M)
$17,753.9
CAGR, 2024 - 2030
2.5%
Report Coverage
Worldwide
Global automotive steel wheels market, 2018-2030 (US$M)
Global automotive steel wheels market highlights
- The global automotive steel wheels market generated a revenue of USD 14,935.8 million in 2023 and is expected to reach USD 17,753.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.5% by 2030.
- In terms of segment, heavy commercial vehicle accounted for a revenue of USD 14,935.8 million in 2023.
- Heavy Commercial Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 14,935.8 million |
| Market revenue in 2030 | USD 17,753.9 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Heavy commercial vehicle |
| Fastest growing segment | Heavy Commercial Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy Commercial Vehicle |
Other key industry trends
- In terms of revenue, the North America accounted for 23.7% of the global automotive steel wheels market in 2023.
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Automotive Steel Wheels Market Scope
Automotive steel wheels market segmentation & scope
Application
OEM
Aftermarket
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Sweden
Norway
Denmark
India
Japan
China
Australia
Thailand
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Spain
Automotive Steel Wheels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive steel wheels market size, by regions, 2018-2030 (US$M)
Related regional statistics
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