Global Market Research Report
Most of automotive alloy wheel is made by aluminum alloy. The Automotive 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.
According to the new market research report “Global Automotive Alloy Wheel Market Report 20232029”, published by QYResearch, the global Automotive Alloy Wheel market size is projected to reach USD 11.95 billion by 2029, at a CAGR of 0.5% during the forecast period.
Figure. Global Automotive Alloy Wheel Market Size (US$ Million), 2018-2029
Global Market Size ($ Mn)
0.5%
2018
2022
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2029