Procurement Market Intelligence Report
Industrial Wheels
Sourcing Guide & Market Intelligence
Smarter cost management starts with comprehensive market intelligence
United States
Global
Quick Navigation
Industrial Wheels Global Overview
Definition
Summary
This report is intended to assist buyers of industrial wheels. Industrial wheels include impeller wheels, flywheels, pulleys and cogwheels (gears). These products are widely used as parts of internal combustion engines in automobiles, commercial vehicles and airplanes, as well as in stand-alone engines such as generators. Industrial wheels can be used in a range of applications, and they are available in a variety of sizes and specifications. Common buyers include automobile and truck manufacturers, auto parts wholesalers and construction and energy companies.
This Report Includes:
- Impeller Wheels
- Flywheels
- Pulleys
- Cogwheels
Not in this Report:
- Cart Wheels
- Casters
Global Industrial Wheels Procurement Trends
Discover the top international trends affecting procurement in the global Industrial Wheels market.
Warning Trends
Manufacturing component prices to rise in response to elevated tariffs
- The Trump administration’s reciprocal tariffs, which apply broad tariffs to all imports from most nations, are set to take effect on August 7 after the rates were finalized on August 1.
- However, these tariff increases exempt steel and aluminum products, which already face a flat tariff rate of 50.0% regardless of source country, except for the United Kingdom, as of mid-June.
- The tariffs on steel and aluminum are set to increase domestic prices for these metals by 37.6%, translating to similar price increases for manufacturing components made from these materials, such as springs, non-electric wire and cable, or fasteners.
- Nonmetallic manufacturing components, such as those made from plastic and other materials, are likely to see significant price increases when the reciprocal tariffs go into effect, with the Yale Budget Lab projecting an 11.0% average price increase for plastic and rubber goods.
- As tariff policy continues to evolve, this story will be continuously updated to reflect the impacts.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
United States announces new tariffs on all imported aluminum
- In February 2025, the United States announced 25.0% tariffs on all imported aluminum with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada and Mexico, two of the top exporters of aluminum to the United States, had exemptions from tariffs and the rate was only 10.0%. These have now been removed and all imported aluminum, regardless of origin, will be subject to the 50.0% tariff.
- When tariffs on imported aluminum were implemented in March 2018, aluminum prices rose modestly. According to the Bureau of Labor Statistics (BLS), prices rose 1.2% in the year after the tariffs were introduced. Because this market relies on aluminum as an input, it may be impacted by this policy.
Global Industrial Wheels Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 13,935 |
| #2 Europe | 5,510 |
| #3 United States | 5,045 |
Explore supplier concentration across the globe
We've uncovered the 11 top regions for global procurement, based on feedback from our most strategic clients. Access vendor counts for each unique region when you subscribe.
2
Geography Drilldown - US
Average Cost of Industrial Wheels
United States
2026 Market Pricing$10.00 to $X,XXX.XX
per wheelAverage Price
Prices in the Industrial Wheels market range from $10.00 to $X,XXX.XX, depending on Size, Customization, Performance and Vendor Type. For example, lower prices are associated with , whereas higher prices are associated with Larger industrial wheels (e.g., 8 to 24 inches) ($200 to $1,300 per wheel) and Smaller industrial wheels (e.g., 2 to 8 inches) ($10.00 to $500 per wheel).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Industrial Wheels Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Industrial Wheels market, prices in the US have grown 1.5% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Industrial Wheels
Total cost of ownership is Low in the Industrial Wheels market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Downtime may raise the total cost of ownership unexpectedly.
Negotiated Before
Installation
Billed During
Repairs
Unforeseen
Downtime
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -2.1 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Volatility. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Iron & Steel Manufacturers
- Metalworking Machinery Manufacturers
- Aluminum Manufacturers
- Rubber Product Manufacturers
- Plastic & Resin Manufacturers
2nd
Tier Suppliers
- Iron Ore Miners
- Structural Metal Product Manufacturers
- Bauxite Miners
- Rubber Machinery Manufacturers
- Oil Refineries
Biggest Industrial Wheels Suppliers in the US by Revenue
The largest Industrial Wheels vendors by revenue in the US are Dayco Products LLC, BorgWarner Inc. and W.W. Grainger, Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Magna International Inc. | Global | Aurora | >10,000 | < 5 | ||||
| Compagnie Generale Des Etablissements Michelin | Global | Clermont-Ferrand, FR | >10,001 | < 5 | ||||
| W.W. Grainger, Inc. | Global | LAKE FOREST | >10,000 | < 5 | ||||
| BorgWarner Inc. | Global | AUBURN HILLS | >10,000 | < 5 | ||||
| American Axle & Manufacturing Holdings, Inc. | Global | DETROIT, MI | >10,000 | < 5 | ||||
| Allison Transmission Holdings, Inc. | Global | Indianapolis, IN | 1,001-10,000 | < 5 | ||||
| Dayco Products LLC | Global | Roseville, MI | 1,001-10,000 | < 5 | ||||
| Altra Industrial Motion Corp. | Global | BRAINTREE, MA | 1,001-10,000 | < 5 | ||||
| DXP Enterprises Inc. | National | HOUSTON, TX | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Industrial Wheels market is 8.7% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Supply chain risk in the industrial wheel market is high because industrial wheels are almost entirely composed of raw materials, such as aluminum and steel. These inputs can have volatile prices due to fluctuating demand from a variety of downstream industries.
Given their high dependence on economic performance and consumer spending, these buyers are sensitive to changes in economic activity. Vendors face a moderate financial risk in the industrial wheels market.
The market for industrial wheels has a low level of market share concentration, with the top four largest suppliers accounting for less than 30% of the total market share. This benefits buyers due to the greater competition within the industry, leading to more opportunities for price negotiations.
The United States is a net importer of industrial wheels, meaning it imports more than it exports. US buyers seeking to import industrial wheels should expect higher buying lead times and should assess quality standards.
Supplier Information
Accuride Corp
Accuride Corp is a private company operating internationally in the manufacturing sector. The company's offerings include truck wheels and industrial wheels. Founded in 1986, the company is currently headquartered in Livonia, Michigan, United States of America with an estimated 5500 employees. Subscribe to learn more
Allison Transmission Holdings, Inc.
Allison Transmission Holdings Inc. is a designer and manufacturer of vehicle propulsion solutions for medium- and heavy-duty on-highway commercial vehicles, off-highway vehicles, and equipment and defense vehicles. It also sells branded replacement parts, support equipment, aluminum die-cast components, and... Subscribe to learn more
Altra Industrial Motion Corp.
Altra Industrial Motion Corp. is a public company operating globally in the manufacturing sector. The company's offerings include industrial brakes, industrial wheels and sprockets. Founded in 2004, the company is currently headquartered in Braintree, Massachusetts, United States of America with an estimated... Subscribe to learn more
American Axle & Manufacturing Holdings, Inc.
Dauch Corp. is a global tier-1 automotive and mobility supplier that designs, engineers, and manufactures Driveline and Metal Forming technologies to support electric, hybrid, and internal combustion vehicles. Its product portfolio includes rear axles, driveshafts, differential assemblies, clutch modules,... Subscribe to learn more
BorgWarner Inc.
BorgWarner Inc. is a global manufacturer and supplier of clean and efficient technology solutions for combustion, hybrid, and electric vehicles. Its operations comprise four reportable segments: the Air Management segment, which develops and manufactures products to improve fuel economy, reduce emissions,... Subscribe to learn more
Compagnie Generale Des Etablissements Michelin
Compagnie Generale Des Etablissements Michelin is a public company operating globally in the manufacturing and manufacturing sectors. The company's offerings include commercial truck tires, automobile & light truck tires and industrial wheels. Founded in 1889, the company is currently headquartered in Clermont-Ferrand,... Subscribe to learn more
Dayco Products LLC
Dayco Products LLC is a private company operating globally in the manufacturing sector. The company's offerings include industrial wheels. Founded in 1905, the company is currently headquartered in Roseville, Michigan, United States of America with an estimated 5500 employees. Subscribe to learn more
DXP Enterprises Inc.
DXP Enterprises Inc. is a public company operating nationally in the manufacturing and wholesale trade sectors. The company's offerings include industrial wheels and industrial pipe, valve and fitting equipment. Founded in 1908, the company is currently headquartered in HOUSTON, Texas, United States of America... Subscribe to learn more
Magna International Inc.
Magna International, Inc. is a global mobility technology company that engineers, manufactures, and supplies automotive parts for original equipment manufacturers of vehicles and light trucks. It organizes its business into four segments: the Body Exteriors & Structures segment, which produces body and chassis... Subscribe to learn more
Accelerate the vendor selection process
Get a clear picture of the competition in a market and discover which vendors are best-suited for your sourcing needs. Our supplier profiles include hard-to-find financial ranges for private companies, cover public company data and feature an interactive competitor matrix.
Procurement Management KPIs for the Industrial Wheels Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Cash Flow and Customer Retention Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Warranty and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Cash Flow |
|
Press reports |
Vendors with positive cash flow are preferred because it signifies a higher level of profitability and solvency of the vendor. These factors minimize the risk of a supplier abruptly exiting the market. |
| Customer Retention Rate |
|
Client testimonials Press reports |
Vendors with a higher customer retention rate indicate a higher quality of service. The customer retention rate can determine the extent to which a company’s customer base fluctuates over time. |
|
|||
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Quality Control
What quality control processes do you have in place?
Do you employ quality control equipment or technicians? If so, how many?
Regulation
Do you comply with NHTSA guidelines on the performance requirements for your product?
Are you a member of any professional association (e.g. American Gear Manufacturers Association)? Does this association establish standards for product design, manufacturing or application?
Timeliness
What shipping supplier do you use and have you had any issues with them in the past?
How much inventory do you currently have? How long will this inventory last if there is a supply interruption?
The ultimate prep for procurement negotations
View all 28 negotiation questions for this category when you subscribe.
Industrial Wheels RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide a history of their operations and an explanation of their primary operations.
Buyers should indicate their current industrial wheel solutions and specify why they require a new solution.
Statement Of Need
Buyers should detail their intended use for industrial wheels.
Buyers should state any specifications they require of the industrial wheels being requested, such as size, material composition, performance capabilities, brand and condition.
Project Budget
Buyers should explicitly state their entire budget for industrial wheels.
Buyers should indicate if their budget includes supplementary costs, such as delivery costs, extended warranty coverage and any related goods and services.
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
