Manufacturing sectors, including automotive, aerospace, military, and aviation, are paying close attention to the increasing need for composite materials with better characteristics. Composite materials are significantly used in industry owing to their high-quality, low-cost materials with outstanding characteristics and low weight. Hence, aluminum-based materials are preferred over other traditional materials owing to their low cost, great wear resistance, and excellent strength-to-weight ratio. However, the mechanical characteristics and wear behavior of the Al-based materials can be further improved by using suitable reinforcing agents. The various reinforcing agents, including whiskers, particulates, continuous fibers, and discontinuous fibers, are widely used owing to enhanced tribological and mechanical behavior comparable to bare Al alloy. Further, the advancement in the overall characteristics of the composite material can be obtained by optimizing the process parameters of the processing approach and the amount and types of reinforcement. Amongst the various available techniques, stir casting is the most suitable technique for the manufacturing of composite material. The amount of reinforcement controls the porosity (%) of the composite, while the types of reinforcement identify the compatibility with Al alloy through improvement in the overall characteristics of the composites. Fly ash, SiC, TiC, Al2O3, TiO2, B4C, etc. are the most commonly used reinforcing agents in AMMCs (aluminum metal matrix composites). The current research emphasizes how different forms of reinforcement affect AMMCs and evaluates reinforcement influence on the mechanical and tribo characteristics of composite material.