According to a recent market study published by Growth Market Reports, titled, “Global Alloy Aluminum Forged Wheel Market by vehicle type, by distribution channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 8,154 Million in 2021 and is anticipated to grow at a growth rate 5.0% by the year 2030.

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Alloy aluminum forged wheels are strong, dense, and light. These wheels are usually installed in high-end vehicles and high-performance cars. The process of forging an alloy wheel involves applying tremendous pressure to a raw metal block to mold it into the desired shape. Forging is an expensive and multi-step process. A billet, or a sizable square piece of solid aluminum metal block, is used to make forged wheels. Aluminum alloy forged wheels are produced by two methods: Open-die forging and closed-die forging. Majority of alloy aluminum forged wheels manufacturers prefer the closed-die forging method as compared to the open-die forging method, due to its tight dimension tolerance. The billet is heated to extreme temperatures and pressurized to take its shape. Forged wheels are stronger than cast wheels, due to grain refinement by a thermal process. The main benefit of alloy aluminum forged wheels over aluminum cast wheels is a weight reduction of approximately 20-25%. The lightweight wheels provide many benefits such as proper handling of the car, improvement in fuel efficiency, high impact resistance, less upsprung mass, less workload on the suspension, lower rotation inertia, good acceleration, and efficient braking. If the unsprung mass in a vehicle is low, it is hardly affected by the road and other outside forces.

Aluminum forged wheels offer many benefits. Aluminum forged wheels are produced without voids, porosity, or shrinking, which makes them durable. The wheels receive properties due to their tight grain structure. The manufacturing process of aluminum forged wheels ensures high performance and efficient handling. The forging technology helps achieve tight tolerance of the rims. The forged rims have no porosity and are rigid, which translates into high durability and a long-life span. Benefits of alloy aluminum forged wheel include increased handling and maneuverability of the vehicle and quick braking and acceleration. Automotive tires last long and experience less wear and tear if the wheels are light in weight. Additionally, it helps in achieving fuel efficiency and offering a comfortable driving experience. These advantages are obtained by swapping out cast wheels with forged ones, as the latter reduce weight, making them safer and more durable than other types of wheels. Forged wheel rims are three times stronger than cast wheels. Forged wheels are up to 25 times lighter than cast wheels, tolerate high damage, and last for a long time.

The Global Alloy Aluminum Forged Wheel is slightly impacted by Covid-19, due to the disruption in the supply chain and limitations in the cross broader transactions. The supply chain was disrupted in the initial stage of the lockdown, which declined the manufacturing of Alloy Aluminum Forged Wheels. The manufacturing activity of manufacturers of alloy aluminum forged wheels were restricted during the pandemic, due to restrictions and closure of industries globally. Import and export of raw materials were restrained, due to transport restrictions. This, in turn, impeded the market. COVID-19 impeded the supply of various products, including raw materials, due to various restrictions imposed by countries globally. Automotive companies were forced to divert capital to continue operations, starving R&D funding for advanced technology and other discretionary projects.

Key Takeaways from the Study:

  • Key players operating in the market are CITIC Limited Forgeline Motorsports, LLC Brixton Forged LLC Schott Wheel Howmet Aerospace Enkei International, Inc. BORBET GmBH RONAL GROUP Superior Industries International Inc. These companies are considered as key manufacturers of Alloy Aluminum Forged Wheels based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
  • In terms of vehicle types, the global alloy aluminum forged wheel market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Growing need for lightweight materials and innovative designs concepts is driving the automotive light weight wheels market. The demand for performance-based vehicles is high due to the rising sales of passenger automobiles and high consumer preference for lightweightwheels. The increase in sales of high-performance cars such super cars and luxury cars is driving the sales of alloy aluminum forged wheel market. Aluminum alloy is the most used metal in manufacturing of wheels. Manufacturers of passenger automobiles, light commercial vehicles, and heavy vehicles are focusing on creating alloy aluminum forged wheels that are cost-effective, durable, and sustainable. Adopting the aerodynamic steer cover is easy to do and yields a quick return on investment. The new covers improve performance, thus saving fuel and assisting fleet, thereby increasing freight efficiency.
  • Based on distribution channels, the global alloy aluminium forged wheel market is bifurcated into OEMs and aftermarket. Customers prefer OEM wheels, as they are considered to be of high quality. The performance of the car may be significantly impacted by these wheels, as they were designed specifically to fit that model of the vehicle. OEM wheels extensively used for automobiles due to their high quality, precise dimensions, and appealing design. This, in turn, is fuelling the OEM industry. Many aftermarkets manufacturer is researching to develop innovative products to extend their aftermarket product range. This, in turn, is creating numerous opportunities in the market. Additionally, as hybrid electric car models proliferate, there is a great increase in demand for the distinctive light weight wheels that go on with these cars. There has been a lot of tussles going on between OEMs and aftermarket in order to capture large chunk of market share. Notable development has been seen in last few years such as Arconic Corporation, a US-based company specializing in lightweight metals engineering and manufacturing, has invested in building of a new wheel’s manufacturing plant in Hungary. It has invested USD130 million to double its production capacity in Europe in the coming years to cater to the growing demand in Europe, Latin America, Australia, and Asia.
  • Based on regions, the global Alloy Aluminium Forged Wheel market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global alloy aluminium forged wheel market owing to technological growth in the manufacturing of automotive wheels. North America is growing at a CAGR of XX% during the forecast period. The US ranks first in the region due to major presence of manufacturers in the region. Europe market was valued at US$ XX in 2015 and US$ XX in 2030 with a CAGR of XX% during the forecast period. This growth is attributed to the consumers choosing upgraded aluminium alloy wheels over normal steel wheels. The rest of the world consists of Latin America and Middle East and Africa. Latin America contributes significantly to the growth of the global alloy aluminium forged wheels market owing to the economic prosperity of the region.

Report Scope:

Report Metric


Market Value in 2021

US$ 8,154 Million

Market Growth Rate (from 2015 to 2030)


Historical Data

2019 & 2020

Base Year


Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Distribution Channels (OEM, Aftermarket), and Region

Key Companies Profiled

CITIC Limited Forgeline Motorsports, LLC Brixton Forged LLC Schott Wheel Howmet Aerospace Enkei International, Inc. BORBET GmBH RONAL GROUP Superior Industries International Inc

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: Household Appliances, Computers and Consumer Electronics, Medical Devices, and Industrial/Commercial.