DUBLIN--(BUSINESS WIRE)--The "Global Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating, Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), Product, Distribution & Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global automotive wheels aftermarket market is estimated to grow from USD 3.4 billion in 2022 at a CAGR of 3.5% to reach USD 4.1 billion by 2027.

Increased demand for lightweight materials will boost the automotive wheels aftermarket. However, maintaining a balance between performance, cost, and weight creates a hurdle for the growth of the automotive wheels aftermarket.

Stringent environmental regulations for zero or non-VOC coatings will propel the growth of powdered coating during the forecast period

The powdered coating segment is the fastest and largest growing segment of the automotive wheels aftermarket. Powdered coatings are ecofriendly and are anticipated to experience rapid growth because of unique features such as high corrosion resistance, chipping, high-quality finish, and abrasion.

It also offers protection from moisture, heat, and chemicals. Further, these powdered coatings emit only a small amount of VOCs. The key factors driving the growth of the powder coating segment are reduced wastage and increasingly stringent environmental regulations for zero or non-VOC coatings.

North America is expected to record the largest market during the forecast period

North America is the largest automotive wheels aftermarket. North America is home to leading vehicle manufacturers such as Ford Motor Company, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the governments in the manufacturing sector. The US is estimated to account for the largest share of the North American automotive wheels aftermarket during the forecast period.

Market Dynamics


  • Improved Vehicle Dynamics and Increased Demand for Lightweight Materials to Boost Wheel Aftermarket
  • Large Organized and Unorganized Aftermarkets for Wheels
  • Rising Number of Car Enthusiasts
  • Gradual Growth of Average Miles Driven


  • Volatility in Raw Material Prices


  • Advanced Materials, Use of Lightweight Alloys, and New Compositions
  • Indirect Impact on Aftermarket with Changing Regulatory Environment to Reduce Carbon Footprint


  • Engineering Barriers in Use of Lightweight Materials
  • Balance Between Performance, Cost, and Weight

Companies Mentioned

  • Accuride Corporation
  • Aez Group
  • Bbs Kraftfahrzeugtechnik
  • Beyern Wheels
  • Borbet GmbH
  • Central Motor Wheel of America
  • Cm Wheels
  • Enkei Corporation
  • Forgiato
  • Howmet Aerospace
  • Jian Sin Industrial CoLtdzhengxing Wheel Group
  • Konig
  • Maxion Wheels
  • Oz Group
  • Rays Engineering
  • Ronal Group
  • Status Alloy Wheels
  • Superior Industries
  • The Carlstar Group
  • Tsw Alloy Wheels
  • Vossen Wheels
  • Work Wheels
  • Zhengxing Wheel Group
  • Zumbo Wheels

For more information about this report visit https://www.researchandmarkets.com/r/86i8ll


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