Automotive wheel aftermarket seen topping $7B by 2030

The Business Research Company says the global automotive wheel aftermarket is on track to surpass $7 billion by 2030, growing at a 6% CAGR. North America and the U.S. are expected to lead the market, while new wheel replacement remains the biggest segment.

Why it matters: - The automotive wheel aftermarket is projected to grow steadily through 2030, signaling durable demand for replacement and upgraded wheels. - The market is tied to aging vehicles, cost-conscious buyers, and customization trends that affect both passenger and commercial fleets. - The report also points to where manufacturers, distributors, and retailers are most likely to find growth.

What happened: - The Business Research Company projected the global automotive wheel aftermarket will surpass $7 billion in 2030. - The market is expected to grow at a 6% CAGR through 2030. - North America is forecast to be the largest regional market in 2030 at $2.3 billion. - The U.S. is projected to be the largest country market in 2030 at $2.0 billion. - The report was published as part of The Business Research Company’s 2026 market report series. - The company offered a free sample report and a full market report.

The details: - The automotive wheel aftermarket represents about 0.6% of the parent Transport Vehicle Components market, which is expected to reach about $1,140 billion by 2030. - The market is estimated to account for nearly 0.1% of the broader transport industry, projected at $9,400 billion by 2030. - North America is expected to grow from $1.8 billion in 2025 to $2.3 billion in 2030, a 5% CAGR. - The U.S. is expected to grow from $1.5 billion in 2025 to $2.0 billion in 2030, also at a 5% CAGR. - New wheel replacement is the largest aftermarket type segment and is projected to account for 79% of the market, or $5 billion, in 2030. - Refurbished wheel fitment is the other aftermarket type segment. - The market is also segmented by material type into steel, alloy, carbon fiber, and other materials. - The market is segmented by coating type into liquid coating and powdered coating. - The market is segmented by vehicle into passenger cars, lightweight commercial vehicles, heavy trucks, buses and coaches, and trailers. - The market is segmented by distribution channel into retail and wholesalers and distributors. - The new wheel replacement segment is supported by aging vehicle fleets, factory-spec replacement demand, strong passenger and commercial vehicle usage, organized distribution, safety concerns, and expanding vehicle ownership.

Between the lines: - The forecast suggests replacement demand is still the core business, but customization and performance upgrades are widening the market beyond maintenance. - Cost sensitivity appears to be pushing buyers toward aftermarket wheels instead of OEM parts, especially for older vehicles. - The report’s growth assumptions also reflect broader shifts in vehicle parc expansion, longer ownership cycles, and demand for lighter materials. - The company said the 2026 edition adds market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, hotspot infographics, and updated trend analysis.

What’s next: - The report expects the biggest growth opportunities to come from new wheel replacement and refurbished wheel fitment. - Those two segments are projected to add more than $1.3 billion in combined market value by 2030. - Over the next five years, new wheel replacement is expected to grow by $1 billion and refurbished wheel fitment by $0.3 billion. - The company said future demand will be supported by lightweight wheel solutions, premium customization, electric vehicle adoption, fuel-efficiency goals, and manufacturing advances.

The bottom line: - The automotive wheel aftermarket is set up for steady, replacement-led growth, with North America and the U.S. anchoring the market and premium, lightweight wheels adding upside.