Transportation Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Automobile Wheels
Overview
Market size
$38.0B
global, USD
CAGR
4.6%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
5
tracked players
Signals
12
4 high severity
Market outlook
2031$47.6B
What changed
Demand by region
Asia Pacific demand45%
North America demand22%
Europe demand18%
Latin America demand8%
Rest of world demand7%
share of global demandtotal 100%
Cost drivers
Raw Materials (Aluminum and Steel)55%
Energy and Manufacturing Utilities18%
Direct Labor12%
Logistics and Freight10%
Tooling and Overhead5%
share of delivered cost (analyst estimate)