Global Automotive Alloy Wheel Market Gains Momentum as OEMs Double Down on Lightweight Design
SHERIDAN, WYOMING - November 28, 2025 - Growing demand for lightweight, design-driven and performance-oriented components is steadily expanding the global automotive alloy wheel market, with new research from Valuates Reports projecting revenues to rise from USD 11.4 billion in 2022 to USD 14.17 billion by 2029, a compound annual growth rate (CAGR) of 3.1% driven by OEM integration and aftermarket upgrades worldwide.
OEM Shift to Lightweight Wheels Reshapes Automotive & Mobility Strategies
In the global Automotive & Mobility industry, alloy wheels have moved from optional upgrade to core specification as manufacturers seek every opportunity to reduce vehicle weight and improve driving dynamics. Lower unsprung mass translates into smoother acceleration, more responsive steering and more efficient braking - all critical attributes as automakers balance efficiency, comfort and safety.