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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Application Segment | Two Wheelers, Passenger Cars, Commercial Vehicles |
| Material Type Segment | Aluminum, Silicon, Others |
| Distribution Channel Segment | Original Equipment Manufacturer (OEM), Aftermarket |
|---|---|
| Sales Channel Segment | Domestic, Imported |
| Regions & Countries |
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The increasing demand for lightweight and fuel-efficient vehicles The appeal of enhanced aesthetics and performance among consumers The rise in automotive production and aftermarket customization
The escalation of manufacturing and raw material costs The vulnerability to damage and challenges in repair The complexities of recycling and environmental impact issues
Transition to flow forming and forged alloy wheels Increase in electric and luxury vehicle integration Customization and personalization in the aftermarket segment
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News
March 2021
RONAL GROUP launched a new application wheel RONAL R67
RONAL GROUP launched a new application wheel RONAL R67. It is ideal for sporty mid-range vehicles such as the BMW 1 Series, Hyundai i30 N, Tesla Model 3, Seat Cupra Formentor, VW Golf 8 GTI/GTE, Volvo XC40, and Mercedes EQC. The RONAL R67 is available from 18 to 20 inches.
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Capricorn Motors Pvt. Ltd. | ••• | ••• | ••• | ••• |
| Enkei Wheels (INDIA) Limited | ••• | ••• | ••• | ••• |
| Maxion Wheels | ••• | ••• | ••• | ••• |
| Mobis India Limited | ••• | ••• | ••• | ••• |
| Neo Wheels Ltd. | ••• | ••• | ••• | ••• |
| Plati India | ••• | ••• | ••• | ••• |
| Shreeniwas Casttech Industries | ••• | ••• | ••• | ••• |
| Steel Strips Wheels Limited (SSWL) | ••• | ••• | ••• | ••• |
| Uno Minda | ••• | ••• | ••• | ••• |
| Wheels India Limited | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →The global Aluminium Alloy Wheel market is expected to reach at USD 32. 84 billion by 2029, at a CAGR of 9.72% from 2023 to 2030.
These days, alloy wheels and steel wheels are the two main types of wheels seen in cars. Steel wheels are constructed of steel, while alloy wheels are mostly comprised of aluminum (alloy). These days, alloy wheels are far more prevalent and most cars come with them as standard equipment from the automaker. Alloy wheels are referred to due to their improved visual appearance, driveability, improved grip, and reduction in brake failure risk.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Aluminium Alloy Wheel Market Analysis is witnessing significant growth in the near future.
In 2023, the Two Wheelers segment accounted for a notable share of the Aluminium Alloy Wheel Market Analysis.
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| Application | Two Wheelers, Passenger Cars, Commercial Vehicles |
| Material Type | Aluminum, Silicon, Others |
| Distribution Channel | Original Equipment Manufacturer (OEM), Aftermarket |
| Sales Channel | Domestic, Imported |
| List of Competitors | Capricorn Motors Pvt. Ltd., Enkei Wheels (INDIA) Limited, Maxion Wheels, Mobis India Limited, Neo Wheels Ltd., Plati India, Shreeniwas Casttech Industries, Steel Strips Wheels Limited (SSWL), Uno Minda, Wheels India Limited |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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