상용차용 스틸 휠 시장 규모, 점유율 및 동향 분석 보고서 : 차량별, 휠별, 용도별, 지역별, 부문별 예측(2026-2033년)

Commercial Vehicle Steel Wheels Market Summary

The global commercial vehicle steel wheels market size was estimated at USD 4.46 billion in 2025 and is projected to reach USD 6.21 billion by 2033, growing at a CAGR of 4.3% from 2026 to 2033. The market is gaining momentum, driven by rising demand for durable and cost-effective wheels across heavy and light commercial vehicles.

Increasing fleet expansions and infrastructure development are fueling OEM procurement and aftermarket replacement cycles, further propelling market growth. The shift toward lightweight forged steel wheels presents opportunities to enhance payload efficiency and fuel economy while meeting evolving regulatory and sustainability standards. However, high material and manufacturing costs, coupled with competition from alloy and alternative wheel solutions, remain key challenges for market growth.

The rising production of commercial vehicles is a key driver for the steel wheels market, as it directly increases demand for OEM steel wheel supply and supports aftermarket replacement cycles. Heavy-duty truck sales are particularly indicative of market expansion, reflecting fleet modernization and growing logistics requirements. For instance, in September 2025, SHACMAN sold 17,481 trucks, marking a 56.9% year-on-year increase, with cumulative sales from January to September reaching 133,734 units. Similarly, Sinotruk delivered 148,796 heavy trucks in the first half of 2025, capturing a 27.6% market share. Multi-axle trucks, which are increasingly deployed in long-haul, mining, and construction sectors, require multiple steel wheels, linking fleet growth directly to steel wheel demand. This sustained rise in commercial vehicle production ensures continuous growth opportunities for both OEM and aftermarket segments in the steel wheels market.

Infrastructure development and expanding logistics networks are driving the commercial vehicle steel wheels industry by increasing freight movement, transport efficiency, and regional connectivity. Robust logistics activity accelerates fleet utilization and replacement, generating consistent demand for steel wheels. For instance, in November 2025, China's logistics sector index reached 50.9%, with central and western regions surpassing the national average, reflecting strong business activity across transportation, automotive, and industrial manufacturing sectors. Higher volumes in freight, warehousing, and supply chain operations create greater reliance on heavy-duty trucks and multi-axle vehicles, which in turn require durable steel wheels for optimal performance. Thus, infrastructure and logistics growth supports new vehicle production and also stimulates aftermarket replacement demand, reinforcing the overall expansion of the commercial vehicle steel wheels industry.

Forged steel wheels offer higher strength-to-weight ratios compared to traditional stamped or cast steel wheels, enabling trucks and buses to carry greater payloads without increasing overall vehicle weight. This contributes to enhanced fuel efficiency, reduced carbon emissions, and improved compliance with evolving environmental and regulatory standards. OEMs are increasingly adopting forged steel wheels for heavy-duty and multi-axle trucks to improve performance, reduce wear on suspension components, and extend operational life. For instance, in May 2023, Dongfeng launched the Tianlong GX, a premium multi-axle truck designed for long-haul transport, requiring robust steel wheels to handle heavy loads and extended distances. Similarly, in January 2025, SINOTRUK HOWO unveiled electric and rechargeable trucks supporting higher payloads, underscoring the growing demand for advanced steel wheel solutions.

Steel wheel manufacturers face cost pressures when raw steel prices fluctuate widely, affecting procurement budgets and squeezing profit margins. Steel prices have historically shown significant variability, with industry data reporting volatility of around 22% in recent years, complicating cost management and long-term supply agreements for wheel producers. Raw material costs form a substantial portion of production expenses, often representing more than half of the cost of goods sold for steel rims. High energy consumption during forming, welding, and finishing further adds to manufacturing expenses, especially in regions with elevated energy prices. These factors make it difficult for manufacturers to maintain competitive pricing, particularly against alternatives like alloy wheels, and can dampen investment in advanced wheel designs and production capacity expansion, limiting overall market profitability.

Global Commercial Vehicle Steel Wheels Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global commercial vehicle steel wheels market report based on vehicle, wheel, application, and region.

• Vehicle Outlook (Revenue, USD Million, 2021 - 2033)
• Heavy Commercial Vehicles (HCV)
• Light/Medium Commercial Vehicles (LCV/MDV)
• Wheel Outlook (Revenue, USD Million, 2021 - 2033)
• Stamped Steel Wheels
• Forged Steel Wheels
• Others
• Application Outlook (Revenue, USD Million, 2021 - 2033)
• OEM (Original Equipment Manufacturers)
• Aftermarket
• Regional Outlook (Revenue, USD Million, 2021 - 2033)
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
• Middle East & Africa (MEA)
  • UAE
  • Kingdom of Saudi Arabia (KSA)
  • South Africa

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Market Segmentation and Scope
• 1.2. Research Methodology
  • 1.2.1. Information Procurement
• 1.3. Information or Data Analysis
• 1.4. Methodology
• 1.5. Research Scope and Assumptions
• 1.6. Market Formulation & Validation
• 1.7. List of Data Sources

Chapter 2. Executive Summary

• 2.1. Market Outlook
• 2.2. Segment Outlook
• 2.3. Competitive Insights

Chapter 3. Commercial Vehicle Steel Wheels Market Variables, Trends, & Scope

• 3.1. Market Lineage Outlook
• 3.2. Market Dynamics
  • 3.2.1. Market Driver Analysis
  • 3.2.2. Market Restraint Analysis
  • 3.2.3. Industry Challenge
• 3.3. Commercial Vehicle Steel Wheels Market Analysis Tools
  • 3.3.1. Industry Analysis - Porter's
    • 3.3.1.1. Bargaining power of the suppliers
    • 3.3.1.2. Bargaining power of the buyers
    • 3.3.1.3. Threats of substitution
    • 3.3.1.4. Threats from new entrants
    • 3.3.1.5. Competitive rivalry
  • 3.3.2. PESTEL Analysis
    • 3.3.2.1. Political landscape
    • 3.3.2.2. Economic landscape
    • 3.3.2.3. Social Landscape
    • 3.3.2.4. Technological landscape
    • 3.3.2.5. Environmental Landscape
    • 3.3.2.6. Legal landscape

Chapter 4. Commercial Vehicle Steel Wheels Market: Vehicle Estimates & Trend Analysis

• 4.1. Segment Dashboard
  • 4.1.1. Commercial Vehicle Steel Wheels Market: Vehicle Movement Analysis, 2025 & 2033 (USD Million)
• 4.2. Heavy Commercial Vehicles (HCV)
  • 4.2.1. Heavy Commercial Vehicles (HCV) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
• 4.3. Light/Medium Commercial Vehicles (LCV/MDV)
  • 4.3.1. Light/Medium Commercial Vehicles (LCV/MDV) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 5. Commercial Vehicle Steel Wheels Market: By Wheel Estimates & Trend Analysis

• 5.1. Segment Dashboard
• 5.2. Commercial Vehicle Steel Wheels Market: By Wheel Movement Analysis, 2025 & 2033 (USD Million)
• 5.3. Stamped Steel Wheels
  • 5.3.1. Stamped Steel Wheels Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
• 5.4. Forged Steel Wheels
  • 5.4.1. Forged Steel Wheels Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
• 5.5. Others
  • 5.5.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 6. Commercial Vehicle Steel Wheels Market: By Application Estimates & Trend Analysis

• 6.1. Segment Dashboard
• 6.2. Commercial Vehicle Steel Wheels Market: By Application Movement Analysis, 2025 & 2033 (USD Million)
• 6.3. OEM (Original Equipment Manufacturers)
  • 6.3.1. OEM Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
• 6.4. Aftermarket
  • 6.4.1. Aftermarket Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 7. Commercial Vehicle Steel Wheels Market: Regional Estimates & Trend Analysis

• 7.1. Commercial Vehicle Steel Wheels Market Share, By Region, 2025 & 2033 (USD Million)
• 7.2. North America
  • 7.2.1. North America Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.2.2. U.S.
    • 7.2.2.1. U.S. Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.2.3. Canada
    • 7.2.3.1. Canada Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.2.4. Mexico
    • 7.2.4.1. Mexico Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
• 7.3. Europe
  • 7.3.1. Europe Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.3.2. UK
    • 7.3.2.1. UK Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.3.3. Germany
    • 7.3.3.1. Germany Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.3.4. France
    • 7.3.4.1. Italy Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
• 7.4. Asia Pacific
  • 7.4.1. Asia Pacific Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.4.2. China
    • 7.4.2.1. China Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.4.3. Japan
    • 7.4.3.1. Japan Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.4.4. India
    • 7.4.4.1. India Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.4.5. South Korea
    • 7.4.5.1. South Korea Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.4.6. Australia
    • 7.4.6.1. Australia Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
• 7.5. Latin America
  • 7.5.1. Latin America Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.5.2. Brazil
    • 7.5.2.1. Brazil Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
• 7.6. Middle East and Africa
  • 7.6.1. Middle East and Africa Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.6.2. UAE
    • 7.6.2.1. UAE Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.6.3. KSA
    • 7.6.3.1. KSA Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 7.6.4. South Africa
    • 7.6.4.1. South Africa Commercial Vehicle Steel Wheels Market Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 8. Competitive Landscape

• 8.1. Company Categorization
• 8.2. Company Market Positioning
• 8.3. Company Heat Map Analysis
• 8.4. Company Profiles/Listing
  • 8.4.1. Maxion Wheels
    • 8.4.1.1. Participant's Overview
    • 8.4.1.2. Financial Performance
    • 8.4.1.3. Product Benchmarking
    • 8.4.1.4. Strategic Initiatives
  • 8.4.2. Accuride Corporation
    • 8.4.2.1. Participant's Overview
    • 8.4.2.2. Financial Performance
    • 8.4.2.3. Product Benchmarking
    • 8.4.2.4. Strategic Initiatives
  • 8.4.3. Steel Strips Wheels Ltd (SSWL)
    • 8.4.3.1. Participant's Overview
    • 8.4.3.2. Financial Performance
    • 8.4.3.3. Product Benchmarking
    • 8.4.3.4. Strategic Initiatives
  • 8.4.4. Topy Industries Limited
    • 8.4.4.1. Participant's Overview
    • 8.4.4.2. Financial Performance
    • 8.4.4.3. Product Benchmarking
    • 8.4.4.4. Strategic Initiatives
  • 8.4.5. Zhejiang Jingu Co., Ltd.
    • 8.4.5.1. Participant's Overview
    • 8.4.5.2. Financial Performance
    • 8.4.5.3. Product Benchmarking
    • 8.4.5.4. Strategic Initiatives
  • 8.4.6. Shandong Shengtai Wheel Co., Ltd. (Shengtai Group)
    • 8.4.6.1. Participant's Overview
    • 8.4.6.2. Financial Performance
    • 8.4.6.3. Product Benchmarking
    • 8.4.6.4. Strategic Initiatives
  • 8.4.7. Zhejiang Jinfei Kaida Wheel
    • 8.4.7.1. Participant's Overview
    • 8.4.7.2. Financial Performance
    • 8.4.7.3. Product Benchmarking
    • 8.4.7.4. Strategic Initiatives
  • 8.4.8. Mefro Wheels GmbH
    • 8.4.8.1. Participant's Overview
    • 8.4.8.2. Financial Performance
    • 8.4.8.3. Product Benchmarking
    • 8.4.8.4. Strategic Initiatives
  • 8.4.9. Alcar Holding GmbH
    • 8.4.9.1. Participant's Overview
    • 8.4.9.2. Financial Performance
    • 8.4.9.3. Product Benchmarking
    • 8.4.9.4. Strategic Initiatives
  • 8.4.10. Central Motor Wheel of America, Inc.
    • 8.4.10.1. Participant's Overview
    • 8.4.10.2. Financial Performance
    • 8.4.10.3. Product Benchmarking
    • 8.4.10.4. Strategic Initiatives