Automotive Wheels Aftermarket Growth Factors, Demand, Trends and Forecast to 2027
The Automotive Wheels Aftermarket is
projected to grow at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD
4.1 billion by 2027.
The growth of the automotive wheels aftermarket is
influenced by factors such as accident rates, changing consumer preferences for
stylish wheels, and the growing number of automobile enthusiasts in Europe and
North America. Environmental regulations in Europe...
Automotive Wheels Aftermarket Likely to Boost Future Growth by 2027
The global automotive wheels aftermarket is expected to show growth at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD 4.1 billion by 2027. The continuous growth in the use of advanced materials and new compositions in wheels by manufacturers and OEMs is further anticipated to boost the automotive wheels aftermarket. Aftermarket players across the world are focusing on improving fuel economy...
Growth opportunities and latent adjacency in Automotive Wheels Aftermarket
The report “Automotive Wheels Aftermarket by Aftermarket (New Wheel Replacement & Refurbished Wheel Fitment), Vehicle (PC, CV), Coating (Liquid, Powdered), Material, Rim Size (13-15 Inch, 16-18 Inch, 19-21 Inch, Above 21 Inch), and Region – Global Forecast to 2025″ Global automotive wheels aftermarket is projected to grow at a CAGR of 3.53% from USD 3.5 billion in 2018 to reach...
Automotive Wheels Aftermarket by Vehicle, Coating, Material, Rim Size and Region – Global Forecast to 2025
According to MarketsandMarkets analysis, the Automotive Wheels Aftermarket, by volume, is estimated to reach 29.9 million units in 2018 and projected to grow at a CAGR of 4.07% during the forecast period. The major factors driving this growth are increasing vehicle sales and cost-effective pricing.
The heavy investments in R&D by wheel manufacturers worldwide in the aftermarket has led to continuous...