“Escalating preference for light-weight vehicles to boost market growth is considered one of the major drivers of the automotive wheel rims market”, comments a Future Market analyst.

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The automotive wheel rims market is projected to grow from US$ 46.2 billion in 2023 to US$ 82.83 billion by 2033, with a 6.01% CAGR, driven by the popularity of new vehicles among various age groups.