Global Forged Alloy Alumunium Wheel Market Insights and Forecast to 2028

Forged aluminium wheels are one-piece wheels formed from a single block of metal by hot forging, followed by hot or cold spinning and the necessary machining operations. The forging process permits flexibility in design of the styled disk, almost similar to cast wheels. Onepiece forging is considered superior to other forms of wheel manufacturing in providing ultimate strength while reducing weight compared to cast and multi-piece aluminium wheels.
Forged wheels are typically around 25% lighter than cast wheels (and potentially even more).
Market Analysis and Insights: Global Forged Alloy Alumunium Wheel Market
Due to the COVID-19 pandemic, the global Forged Alloy Alumunium Wheel market size is estimated to be worth US$ 3749.2 million in 2022 and is forecast to a readjusted size of US$ 5082 million by 2028 with a CAGR of 5.2% during the review period. Fully considering the economic change by this health crisis, OEM accounting for % of the Forged Alloy Alumunium Wheel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.
Global Forged Alloy Alumunium Wheel key players include CITIC Dicastal, Superior Industries, Alcoa, Gemsy Wheels, BBS GmbH, etc. Global top five manufacturers hold a share over 35%.
Europe is the largest market, with a share about 30%, followed by China, and North America, both have a share over 45 percent.
In terms of product, OEM is the largest segment, with a share over 90%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
In terms of production side, this report researches the Forged Alloy Alumunium Wheel capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Forged Alloy Alumunium Wheel by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Forged Alloy Alumunium Wheel Scope and Segment
Forged Alloy Alumunium Wheel market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Forged Alloy Alumunium Wheel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
OEM
Aftermarket
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
Superior Industries
Alcoa
BBS GmbH
CITIC Dicastal
Borbet
Gemsy Wheels
Ronal Wheels
Accuride
Wanfeng Auto
BBS JAPAN
RAYS Wheels
Cromodora Wheels
Zhejiang Jinfei
Lizhong Group
YHI
Production by Region
North America
Europe
China
Japan
Singapore
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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