Automotive Aluminium Alloy Wheel Market Insights Video

According to Cognitive Market Research, the global automotive aluminum alloy wheel market size is USD 16958.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.90% from 2024 to 2031.

• North America held the major market of more than 40% of the global revenue with a market size of USD 6783.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
• Europe accounted for a share of over 30% of the global market size of USD 5087.46 million.
• Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3900.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
• Latin America market of more than 5% of the global revenue with a market size of USD 847.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
• Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 339.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
• The polished alloy wheel held the highest automotive aluminum alloy wheel market revenue share in 2024.