Based on MarketsandMarkets analysis the
Based on MarketsandMarkets analysis, the Automotive Wheel Market is projected to grow at a CAGR of 5.52% from 2017 to 2025. The market for automotive wheels is estimated to be USD 32.87 billion in 2017 and is projected to reach USD 50.54 billion by 2025.The increasing vehicle production and demand for improved vehicle dynamics are the key factors driving the automotive wheel market. Also, the rising demand for fuel efficiency is pushing original equipment manufacturers to switch to lightweight materials. This upcoming trend is supporting the growth of automotive wheels.
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