Latin America Automotive Steel Wheels Market Size & Outlook
The automotive steel wheels market in Latin America is expected to reach a projected revenue of US$ 0.8 billion by 2030. A compound annual growth rate of 2.6% is expected of Latin America automotive steel wheels market from 2025 to 2030.
Revenue, 2024 (US$B)
$0.7
Forecast, 2030 (US$B)
$0.8
CAGR, 2025 - 2030
2.6%
Report Coverage
Latin America
Related Markets
Latin America automotive steel wheels market highlights
- The Latin America automotive steel wheels market generated a revenue of USD 0.7 billion in 2024.
- The market is expected to grow at a CAGR of 2.6% from 2025 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2024.
- Heavy Commercial Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 0.7 billion |
| Market revenue in 2030 | USD 0.8 billion |
| Growth rate | 2.6% (CAGR from 2025 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Heavy Commercial Vehicle |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicle |
| Key market players worldwide | Titan International Inc, Automotive Wheels, Central Motor Wheel Of America, Alcar Holding, Topy America, Inc., CLN Group, Klassic Wheels, Steel Strips Wheels, Maxion Wheels, Thyssenkrupp AG, U.S. Wheel |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global automotive steel wheels market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8.6 billion by 2030.
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Automotive Steel Wheels Market Scope
Automotive steel wheels market segmentation & scope
Automotive Steel Wheels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| U.S. Wheel | View profile | 11-50 | Huntington Beach, California, United States, North America | https://www.uswheel.com |
| Maxion Wheels | View profile | 10001+ | Novi, Michigan, United States, North America | http://www.maxionwheels.com |
| Steel Strips Wheels | View profile | 1001-5000 | Chandigarh, Chandigarh, India, Asia | https://www.sswlindia.com/pages/index.htm |
| Klassic Wheels | View profile | 251-500 | Ahmednagar, Maharashtra, India, Asia | https://www.klassicwheels.com |
| CLN Group | View profile | 5001-10000 | Rivoli, Toscana, Italy, Europe | http://www.gruppocln.com/ |
| Topy America, Inc. | View profile | 251-500 | Frankfort, Kentucky, United States, North America | http://topyamerica.com |
| Alcar Holding | View profile | 501-1000 | Hirtenberg, Niederosterreich, Austria, Europe | https://www.alcar-wheels.com |
| Central Motor Wheel Of America | View profile | 501-1000 | Paris, Kentucky, United States, North America | https://www.cmwa.com/ |
| Automotive Wheels | View profile | 1-10 | Rochester, Kent, United Kingdom, Europe | https://automotivewheels.co.uk |
| Titan International Inc | View profile | 6900 | 1525 Kautz Road, Suite 600, West Chicago, IL, United States, 60185 | https://www.titan-intl.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
Latin America automotive steel wheels market size, by country, 2018-2030 (US$B)
Latin America Automotive Steel Wheels Market Outlook Share, 2024 & 2030 (US$B)
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