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Home > Automobile & Transportation > Aluminum Alloy Wheels
Aluminum Alloy Wheels

Aluminum Alloy Wheels Market in India, Industry Outlook and Forecast 2024-2030

Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than th

Report Code0214589
Publish Date2024-01-06
Pages110
CategoryAutomobile & Transportation
Automobile & Transportation

Report Overview

Aluminum Alloy Wheel is made by the aluminum alloy. The aluminum alloy wheel usually has better heat conduction and the weight is also lighter than the steel wheel. The aluminum alloy has relative smaller strength than the steel wheel, so it is applied in the passenger vehicle more than commercial vehicle.

This report contains market size and forecasts of Aluminum Alloy Wheels in India, highlights the following information:

Sales of Aluminum Alloy Wheels in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Aluminum Alloy Wheels in India: Volume 2019 VS 2023 VS 2030, (K Units)

Sales of Aluminum Alloy Wheels in India: Revenue Market Share by Company, 2019-2024

Sales of Aluminum Alloy Wheels in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Aluminum Alloy Wheels will continue to grow rapidly in the future.

The global Aluminum Alloy Wheels market size was valued at 20480 million in 2023 and is forecast to a readjusted size of US$ 22600 million by 2030, with a CAGR of 1.4% during the forecast period 2024-2030.While the India Aluminum Alloy Wheels market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Aluminum Alloy Wheels's global value in 2030, from % in 2023.

Our research team has surveyed the Aluminum Alloy Wheels manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Aluminum Alloy Wheels Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)

India Aluminum Alloy Wheels Market Segment Percentages, By Type, 2023 (%)

Casting

Forging

India Aluminum Alloy Wheels Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)

India Aluminum Alloy Wheels Market Segment Percentages, By Application, 2023 (%)

Passenger Vehicle

Commercial Vehicle

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Aluminum Alloy Wheels revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Aluminum Alloy Wheels sales in India market, 2019-2024 (Estimated), (K Units)

Further, the report presents profiles of competitors in the market, key players include:

CITIC Dicastal

Borbet

Ronal Wheels

Alcoa

Superior Industries

Iochpe-Maxion

Uniwheel Group

Wanfeng Auto

Lizhong Group

Enkei Wheels

Zhejiang Jinfei

Accuride

Topy Group

Zhongnan Aluminum Wheels

YHI

Yueling Wheels

Guangdong Dcenti Auto-Parts

market growth

Market Size Overview

USD Million

-

2026

-

2032

-

CAGR (2024-2032)
MARKET SIZE 2026
USD - MN
Million
MARKET SIZE 2032
USD - MN
Million
CAGR (2026-2032)
-
FASTEST GROWING REGION
Asia Pacific
LARGEST MARKET
Asia Pacific

Key Market Segmentation

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Regional Market Insights

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Asia Pacific
Asia Pacific

China, Japan, South Korea, Southeast Asia, India

North America
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U.S., Canada, Mexico

Europe
Europe

Germany, France, UK, Italy

South America
South America

Brazil, etc.

Middle East and Africa
Middle East and Africa

Turkey, GCC Countries, Africa, etc.

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