Automotive Wheel Rims Market Size

Automotive Wheel Rims Market size was over USD 51.33 billion in 2024 and is anticipated to exceed USD 117.49 billion by the end of 2037, witnessing over 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive wheel rims is evaluated at USD 54.04 billion. The growth of the market can primarily be attributed to the rising awareness of lightweight wheel rims amongst automobile users along with the growing sales and production of automobiles worldwide. For instance, it was found that the global sales of automobiles were just under 70 million units in 2021.

It is a known fact that the rim is a key component of a wheel. Wheel rims are made from different materials, which not only affect the look of the wheels but also justify their strength, weight, and durability. It is important to consider a number of things it comes to wheel rims and wheels besides size considerations as durability and strength are crucial to staying safe behind the wheel. Lightweight wheels are more susceptible to denting, cracking, and other damage while heavy wheels may reduce fuel economy. Every vehicle type has different needs. With the recent developments in the designs of rims as well as tires, the demand for automotive wheel rims is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive wheel rims market during the forecast period. For instance, the overall global tire industry volume was expected to reach more than 2.5 billion units at the end of 2022.