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2026-05-29 16:47:29

Growing Commercial Vehicle Demand Supports Automotive Steel Wheel Market Expansion

The global automotive steel wheel market was valued at US$ 14.6 billion in 2022 and is projected to reach US$ 16.8 billion by the end of 2031. The industry is expected to grow at a CAGR of 1.6% from 2023 to 2031, driven by steady demand for cost-effective and durable wheel solutions, increasing vehicle production, and rising adoption of steel wheels in commercial and budget passenger vehicles....

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