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Automobile industry
Published in : Jan 10, 2025
Global Automotive Composite Material Wheel Market Research Report - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2033)

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Report Summary Catalogue Methodological


Definition and Scope:
Automotive composite material wheels are advanced wheels made from a combination of materials such as carbon fiber, aluminum, and resin. These wheels offer significant advantages over traditional steel or aluminum wheels, including reduced weight, improved performance, better fuel efficiency, and enhanced aesthetics. The use of composite materials in wheel manufacturing allows for greater design flexibility, leading to innovative and stylish wheel designs that appeal to automotive enthusiasts and manufacturers alike. Additionally, composite material wheels are known for their high strength-to-weight ratio, making them durable and capable of withstanding high levels of stress and impact.
The market for automotive composite material wheels is experiencing steady growth driven by several key factors. One of the primary market trends is the increasing demand for lightweight materials in the automotive industry to improve fuel efficiency and reduce emissions. Composite material wheels play a crucial role in achieving these objectives by offering a lightweight alternative to traditional wheels without compromising on strength and durability. Furthermore, the growing focus on performance and aesthetics in the automotive sector is fueling the adoption of composite material wheels, as they provide a unique opportunity for vehicle customization and differentiation. In addition, advancements in manufacturing technologies are making composite material wheels more cost-effective to produce, further driving their market growth. Overall, the market for automotive composite material wheels is poised for continued expansion as automakers and consumers alike recognize the numerous benefits these wheels offer.
The global Automotive Composite Material Wheel market size was estimated at USD 7912.5 million in 2024, exhibiting a CAGR of 5.50% during the forecast period.
This report offers a comprehensive analysis of the global Automotive Composite Material Wheel market, examining all key dimensions. It provides both a macro-level overview and micro-level market details, including market size, trends, competitive landscape, niche segments, growth drivers, and key challenges.
Report Framework and Key Highlights: Market Dynamics: Identification of major market drivers, restraints, opportunities, and challenges.
Trend Analysis: Examination of ongoing and emerging trends impacting the market.
Competitive Landscape: Detailed profiles and market positioning of major players, including market share, operational status, product offerings, and strategic developments.
Strategic Analysis Tools: SWOT Analysis, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis
Market Segmentation: By type, application, region, and end-user industry.
Forecasting and Growth Projections: In-depth revenue forecasts and CAGR analysis through 2033.
This report equips readers with critical insights to navigate competitive dynamics and develop effective strategies. Whether assessing a new market entry or refining existing strategies, the report serves as a valuable tool for:
Industry players
Investors
Researchers
Consultants
Business strategists
And all stakeholders with an interest or investment in the Automotive Composite Material Wheel market.
Global Automotive Composite Material Wheel Market: Segmentation Analysis and Strategic Insights
This section of the report provides an in-depth segmentation analysis of the global Automotive Composite Material Wheel market. The market is segmented based on region (country), manufacturer, product type, and application. Segmentation enables a more precise understanding of market dynamics and facilitates targeted strategies across product development, marketing, and sales.
By breaking the market into meaningful subsets, stakeholders can better tailor their offerings to the specific needs of each segment—enhancing competitiveness and improving return on investment.
Global Automotive Composite Material Wheel Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Companies Profiled
Accuride Corporation
ALCAR Wheels GmbH
Automotive Wheels Ltd.
Central Motor Wheel of America
Inc.
CLN Coils Lamiere Nastri SpA
Klassic Wheels Limited
MAXION Wheels
Steel Strips Group
The Carlstar Group
LLC.
Thyssenkrupp AG
Topy America
Inc.
U.S. Wheel Corp.
Yantai Baosteel Wheel Co.
Ltd.
Market Segmentation by Type
16 Inches - 18 Inches
19 Inches - 21 Inches
More than 21 Inches
Market Segmentation by Application
Commercial Vehicle
Passenger Vehicle
Geographic Segmentation North America: United States, Canada, Mexico
Europe: Germany, France, Italy, U.K., Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Russia.
Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Philippines, Singapore, Thailand
South America: Brazil, Argentina, Colombia.
Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, Rest of MEA
Report Framework and Chapter Summary Chapter 1: Report Scope and Market Definition
This chapter outlines the statistical boundaries and scope of the report. It defines the segmentation standards used throughout the study, including criteria for dividing the market by region, product type, application, and other relevant dimensions. It establishes the foundational definitions and classifications that guide the rest of the analysis.
Chapter 2: Executive Summary
This chapter presents a concise summary of the market’s current status and future outlook across different segments—by geography, product type, and application. It includes key metrics such as market size, growth trends, and development potential for each segment. The chapter offers a high-level overview of the Automotive Composite Material Wheel Market, highlighting its evolution over the short, medium, and long term.
Chapter 3: Market Dynamics and Policy Environment
This chapter explores the latest developments in the market, identifying key growth drivers, restraints, challenges, and risks faced by industry participants. It also includes an analysis of the policy and regulatory landscape affecting the market, providing insight into how external factors may shape future performance.
Chapter 4: Competitive Landscape
This chapter provides a detailed assessment of the market's competitive environment. It covers market share, production capacity, output, pricing trends, and strategic developments such as mergers, acquisitions, and expansion plans of leading players. This analysis offers a comprehensive view of the positioning and performance of top competitors.
Chapters 5–10: Regional Market Analysis
These chapters offer in-depth, quantitative evaluations of market size and growth potential across major regions and countries. Each chapter assesses regional consumption patterns, market dynamics, development prospects, and available capacity. The analysis helps readers understand geographical differences and opportunities in global markets.
Chapter 11: Market Segmentation by Product Type
This chapter examines the market based on product type, analyzing the size, growth trends, and potential of each segment. It helps stakeholders identify underexplored or high-potential product categories—often referred to as “blue ocean” opportunities.
Chapter 12: Market Segmentation by Application
This chapter analyzes the market based on application fields, providing insights into the scale and future development of each application segment. It supports readers in identifying high-growth areas across downstream markets.
Chapter 13: Company Profiles
This chapter presents comprehensive profiles of leading companies operating in the market. For each company, it details sales revenue, volume, pricing, gross profit margin, market share, product offerings, and recent strategic developments. This section offers valuable insight into corporate performance and strategy.
Chapter 14: Industry Chain and Value Chain Analysis
This chapter explores the full industry chain, from upstream raw material suppliers to downstream application sectors. It includes a value chain analysis that highlights the interconnections and dependencies across various parts of the ecosystem.
Chapter 15: Key Findings and Conclusions
The final chapter summarizes the main takeaways from the report, presenting the core conclusions, strategic recommendations, and implications for stakeholders. It encapsulates the insights drawn from all previous chapters.
Table of Contents
1 Introduction to Research & Analysis Reports
1.1 Automotive Composite Material Wheel Market Definition
1.2 Automotive Composite Material Wheel Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
2 Executive Summary
2.1 Global Automotive Composite Material Wheel Market Size
2.2 Market Segmentation – by Type
2.3 Market Segmentation – by Application
2.4 Market Segmentation – by Geography
3 Key Market Trends, Opportunity, Drivers and Restraints
3.1 Key Takeway
3.2 Market Opportunities & Trends
3.3 Market Drivers
3.4 Market Restraints
3.5 Market Major Factor Assessment
4 Global Automotive Composite Material Wheel Market Competitive Landscape
4.1 Global Automotive Composite Material Wheel Sales by Manufacturers (2020-2025)
4.2 Global Automotive Composite Material Wheel Revenue Market Share by Manufacturers (2020-2025)
4.3 Automotive Composite Material Wheel Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.4 New Entrant and Capacity Expansion Plans
4.5 Mergers & Acquisitions
5 Global Automotive Composite Material Wheel Market by Region
5.1 Global Automotive Composite Material Wheel Market Size by Region
5.1.1 Global Automotive Composite Material Wheel Market Size by Region
5.1.2 Global Automotive Composite Material Wheel Market Size Market Share by Region
5.2 Global Automotive Composite Material Wheel Sales by Region
5.2.1 Global Automotive Composite Material Wheel Sales by Region
5.2.2 Global Automotive Composite Material Wheel Sales Market Share by Region
6 North America Market Overview
6.1 North America Automotive Composite Material Wheel Market Size by Country
6.1.1 USA Market Overview
6.1.2 Canada Market Overview
6.1.3 Mexico Market Overview
6.2 North America Automotive Composite Material Wheel Market Size by Type
6.3 North America Automotive Composite Material Wheel Market Size by Application
6.4 Top Players in North America Automotive Composite Material Wheel Market
7 Europe Market Overview
7.1 Europe Automotive Composite Material Wheel Market Size by Country
7.1.1 Germany Market Overview
7.1.2 France Market Overview
7.1.3 U.K. Market Overview
7.1.4 Italy Market Overview
7.1.5 Spain Market Overview
7.1.6 Sweden Market Overview
7.1.7 Denmark Market Overview
7.1.8 Netherlands Market Overview
7.1.9 Switzerland Market Overview
7.1.10 Belgium Market Overview
7.1.11 Russia Market Overview
7.2 Europe Automotive Composite Material Wheel Market Size by Type
7.3 Europe Automotive Composite Material Wheel Market Size by Application
7.4 Top Players in Europe Automotive Composite Material Wheel Market
8 Asia-Pacific Market Overview
8.1 Asia-Pacific Automotive Composite Material Wheel Market Size by Country
8.1.1 China Market Overview
8.1.2 Japan Market Overview
8.1.3 South Korea Market Overview
8.1.4 India Market Overview
8.1.5 Australia Market Overview
8.1.6 Indonesia Market Overview
8.1.7 Malaysia Market Overview
8.1.8 Philippines Market Overview
8.1.9 Singapore Market Overview
8.1.10 Thailand Market Overview
8.1.11 Rest of APAC Market Overview
8.2 Asia-Pacific Automotive Composite Material Wheel Market Size by Type
8.3 Asia-Pacific Automotive Composite Material Wheel Market Size by Application
8.4 Top Players in Asia-Pacific Automotive Composite Material Wheel Market
9 South America Market Overview
9.1 South America Automotive Composite Material Wheel Market Size by Country
9.1.1 Brazil Market Overview
9.1.2 Argentina Market Overview
9.1.3 Columbia Market Overview
9.2 South America Automotive Composite Material Wheel Market Size by Type
9.3 South America Automotive Composite Material Wheel Market Size by Application
9.4 Top Players in South America Automotive Composite Material Wheel Market
10 Middle East and Africa Market Overview
10.1 Middle East and Africa Automotive Composite Material Wheel Market Size by Country
10.1.1 Saudi Arabia Market Overview
10.1.2 UAE Market Overview
10.1.3 Egypt Market Overview
10.1.4 Nigeria Market Overview
10.1.5 South Africa Market Overview
10.2 Middle East and Africa Automotive Composite Material Wheel Market Size by Type
10.3 Middle East and Africa Automotive Composite Material Wheel Market Size by Application
10.4 Top Players in Middle East and Africa Automotive Composite Material Wheel Market
11 Automotive Composite Material Wheel Market Segmentation by Type
11.1 Evaluation Matrix of Segment Market Development Potential (Type)
11.2 Global Automotive Composite Material Wheel Sales Market Share by Type (2020-2033)
11.3 Global Automotive Composite Material Wheel Market Size Market Share by Type (2020-2033)
11.4 Global Automotive Composite Material Wheel Price by Type (2020-2033)
12 Automotive Composite Material Wheel Market Segmentation by Application
12.1 Evaluation Matrix of Segment Market Development Potential (Application)
12.2 Global Automotive Composite Material Wheel Market Sales by Application (2020-2033)
12.3 Global Automotive Composite Material Wheel Market Size (M USD) by Application (2020-2033)
12.4 Global Automotive Composite Material Wheel Sales Growth Rate by Application (2020-2033)
13 Company Profiles
13.1 Accuride Corporation
13.1.1 Accuride Corporation Company Overview
13.1.2 Accuride Corporation Business Overview
13.1.3 Accuride Corporation Automotive Composite Material Wheel Major Product Offerings
13.1.4 Accuride Corporation Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.1.5 Key News
13.2 ALCAR Wheels GmbH
13.2.1 ALCAR Wheels GmbH Company Overview
13.2.2 ALCAR Wheels GmbH Business Overview
13.2.3 ALCAR Wheels GmbH Automotive Composite Material Wheel Major Product Offerings
13.2.4 ALCAR Wheels GmbH Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.2.5 Key News
13.3 Automotive Wheels Ltd.
13.3.1 Automotive Wheels Ltd. Company Overview
13.3.2 Automotive Wheels Ltd. Business Overview
13.3.3 Automotive Wheels Ltd. Automotive Composite Material Wheel Major Product Offerings
13.3.4 Automotive Wheels Ltd. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.3.5 Key News
13.4 Central Motor Wheel of America
13.4.1 Central Motor Wheel of America Company Overview
13.4.2 Central Motor Wheel of America Business Overview
13.4.3 Central Motor Wheel of America Automotive Composite Material Wheel Major Product Offerings
13.4.4 Central Motor Wheel of America Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.4.5 Key News
13.5 Inc.
13.5.1 Inc. Company Overview
13.5.2 Inc. Business Overview
13.5.3 Inc. Automotive Composite Material Wheel Major Product Offerings
13.5.4 Inc. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.5.5 Key News
13.6 CLN Coils Lamiere Nastri SpA
13.6.1 CLN Coils Lamiere Nastri SpA Company Overview
13.6.2 CLN Coils Lamiere Nastri SpA Business Overview
13.6.3 CLN Coils Lamiere Nastri SpA Automotive Composite Material Wheel Major Product Offerings
13.6.4 CLN Coils Lamiere Nastri SpA Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.6.5 Key News
13.7 Klassic Wheels Limited
13.7.1 Klassic Wheels Limited Company Overview
13.7.2 Klassic Wheels Limited Business Overview
13.7.3 Klassic Wheels Limited Automotive Composite Material Wheel Major Product Offerings
13.7.4 Klassic Wheels Limited Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.7.5 Key News
13.8 MAXION Wheels
13.8.1 MAXION Wheels Company Overview
13.8.2 MAXION Wheels Business Overview
13.8.3 MAXION Wheels Automotive Composite Material Wheel Major Product Offerings
13.8.4 MAXION Wheels Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.8.5 Key News
13.9 Steel Strips Group
13.9.1 Steel Strips Group Company Overview
13.9.2 Steel Strips Group Business Overview
13.9.3 Steel Strips Group Automotive Composite Material Wheel Major Product Offerings
13.9.4 Steel Strips Group Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.9.5 Key News
13.10 The Carlstar Group
13.10.1 The Carlstar Group Company Overview
13.10.2 The Carlstar Group Business Overview
13.10.3 The Carlstar Group Automotive Composite Material Wheel Major Product Offerings
13.10.4 The Carlstar Group Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.10.5 Key News
13.11 LLC.
13.11.1 LLC. Company Overview
13.11.2 LLC. Business Overview
13.11.3 LLC. Automotive Composite Material Wheel Major Product Offerings
13.11.4 LLC. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.11.5 Key News
13.12 Thyssenkrupp AG
13.12.1 Thyssenkrupp AG Company Overview
13.12.2 Thyssenkrupp AG Business Overview
13.12.3 Thyssenkrupp AG Automotive Composite Material Wheel Major Product Offerings
13.12.4 Thyssenkrupp AG Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.12.5 Key News
13.13 Topy America
13.13.1 Topy America Company Overview
13.13.2 Topy America Business Overview
13.13.3 Topy America Automotive Composite Material Wheel Major Product Offerings
13.13.4 Topy America Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.13.5 Key News
13.14 Inc.
13.14.1 Inc. Company Overview
13.14.2 Inc. Business Overview
13.14.3 Inc. Automotive Composite Material Wheel Major Product Offerings
13.14.4 Inc. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.14.5 Key News
13.15 U.S. Wheel Corp.
13.15.1 U.S. Wheel Corp. Company Overview
13.15.2 U.S. Wheel Corp. Business Overview
13.15.3 U.S. Wheel Corp. Automotive Composite Material Wheel Major Product Offerings
13.15.4 U.S. Wheel Corp. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.15.5 Key News
13.16 Yantai Baosteel Wheel Co.
13.16.1 Yantai Baosteel Wheel Co. Company Overview
13.16.2 Yantai Baosteel Wheel Co. Business Overview
13.16.3 Yantai Baosteel Wheel Co. Automotive Composite Material Wheel Major Product Offerings
13.16.4 Yantai Baosteel Wheel Co. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.16.5 Key News
13.17 Ltd.
13.17.1 Ltd. Company Overview
13.17.2 Ltd. Business Overview
13.17.3 Ltd. Automotive Composite Material Wheel Major Product Offerings
13.17.4 Ltd. Automotive Composite Material Wheel Sales and Revenue fromAutomotive Composite Material Wheel (2020-2025)
13.17.5 Key News
13.17.6 Key News
14 Key Market Trends, Opportunity, Drivers and Restraints
14.1 Key Takeway
14.2 Market Opportunities & Trends
14.3 Market Drivers
14.4 Market Restraints
14.5 Market Major Factor Assessment
14.6 Porter's Five Forces Analysis of Automotive Composite Material Wheel Market
14.7 PEST Analysis of Automotive Composite Material Wheel Market
15 Analysis of the Automotive Composite Material Wheel Industry Chain
15.1 Overview of the Industry Chain
15.2 Upstream Segment Analysis
15.3 Midstream Segment Analysis
15.3.1 Manufacturing, Processing or Conversion Process Analysis
15.3.2 Key Technology Analysis
15.4 Downstream Segment Analysis
15.4.1 Downstream Customer List and Contact Details
15.4.2 Customer Concerns or Preference Analysis
16 Conclusion
17 Appendix
17.1 Methodology
17.2 Research Process and Data Source
17.3 Disclaimer
17.4 Note
17.5 Examples of Clients
17.6 Disclaimer
Research Methodology
The research methodology employed in this study follows a structured, four-stage process designed to ensure the accuracy, consistency, and relevance of all data and insights presented. The process begins with Information Procurement, wherein data is collected from a wide range of primary and secondary sources. This is followed by Information Analysis, during which the collected data is systematically mapped, discrepancies across sources are examined, and consistency is established through cross-validation.


Subsequently, the Market Formulation phase involves placing verified data points into an appropriate market context to generate meaningful conclusions. This step integrates analyst interpretation and expert heuristics to refine findings and ensure applicability. Finally, all conclusions undergo a rigorous Validation and Publishing process, where each data point is re-evaluated before inclusion in the final deliverable. The methodology emphasizes bidirectional flow and reversibility between key stages to maintain flexibility and reinforce the integrity of the analysis.
Research Process
The market research process follows a structured and iterative methodology designed to ensure accuracy, depth, and reliability. It begins with scope definition and research design, where the research objectives are clearly outlined based on client requirements, emerging market trends, and initial exploratory insights. This phase provides strategic direction for all subsequent stages of the research.
Data collection is then conducted through both secondary and primary research. Secondary research involves analyzing publicly available and paid sources such as company filings, industry journals, and government databases to build foundational knowledge. This is followed by primary research, which includes direct interviews and surveys with key industry stakeholders—such as manufacturers, distributors, and end users—to gather firsthand insights and address data gaps identified earlier. Techniques included CATI (Computer-Assisted Telephonic Interviewing), CAWI (Computer-Assisted Web Interviewing), CAVI (Computer-Assisted Video Interviewing via platforms like Zoom and WebEx), and CASI (Computer-Assisted Self Interviewing via email or LinkedIn).