The concept of alloy wheels dates back to the early 1920s when they were used to enhance vehicles’ performance. The journey started with alloy wheels made from wooden planks with rounded edges and progressed until the age of aluminium alloy wheels. 1974 was the year that marked the first offer of aluminium alloy wheels to the general public on the VW Golf, Scirroco, Passat, and Audi as a low-cost, high-performance option for motorsports. Today, these wheels are a popular choice with the attainment of many other advantageous factors like heat dissipation, improved horsepower, better braking, better conduction, lower maintenance, and aesthetic appeal.
Following various advancements in aluminium alloy wheels triggering demand, the global market size of the product is estimated to grow to about US$32 billion by 2032, at a CAGR of 7.2 per cent from 2022. This potential growth in the aluminium alloy wheels market has inspired us to list the top manufacturers at the present time. Here, we have handpicked the companies from Asia as it is one of the major hubs for aluminium alloy wheel production, dominated by China and Japan.
The companies mentioned herein are selected after extensive research, analysis of various publications and financial reports, and in-depth discussions with industry experts.
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