The report of global high-performance wheels market by Material (Aluminum, Steel, Magnesium, Carbon Fiber), By End-Use (Original equipment manufacturer (OEM), Aftermarket), By Vehicle (Premium compact segment, Entry-level luxury segment, Mid-size luxury segment, other vehicles), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn. by 2027, at a CAGR of XX % during a forecast period.
Automotive high-performance wheels are designed to reduce vehicle weight, high strength, and absorb road shocks when the vehicle is running on the road. The high-performance wheels are manufactured using a wide range of technologies and material types.
High-performance wheels are designed to enhance the look of vehicle, reduce the vehicle’s overall weight, reduce inertia, and improve performance. Reduction in vehicle weight improves its acceleration and general performance abilities. Lowering unsprung corner weight provides clear performance improvements in vehicle handling and responsiveness, leading to a quicker, more agile car due to a lower yawing moment of inertia. The reduction of weight also helps the vehicle’s ability to maintain road contact with a consistent surface grip.
Asia Pacific high-performance wheel market is expected to grow at a CAGR of XX% over the forecast period.
Rising demand for the entry-level luxurious car, increasing individual spending on luxurious items, the trend to follow western technology are the prime reasons driving the market in the region. The luxury car manufacturers operating in the region are aware of market conditions and customer demand, they launching their numerous models in the regional market. Customers are getting aware of mag wheel and aluminum wheel, which creates high demand in the aftermarket segment. The micro factors driving the market growth are covered in the report by the country-wise condition.
The global high-performance wheel market is driven by improvement in fuel efficiency and emission reduction, Governments also implementing rules on the manufacturing market to reduce emission. Manufacturers are trying to make lightweight vehicle, for that various technology implementation and adaptation in automotive design. Automakers are looking for every way to reduce vehicle weight to comply with government guidelines. These guidelines are expected to get more stringent in the nearer future, driving the market growth.
Key players operating in the Global High Performance Wheels Market are, Iochpe-Maxion, Vossen Wheels, Work Wheels USA., Wheel Pros., Automotive Wheels Ltd., Enkei Wheels, CiTiC Dicastal Wheel Manufacturing Co., Ltd., Ronal AG, HRE Performance Wheels, RAYS Co. Ltd., Fikse Wheels, Konig Wheels, United Wheels Group, SuperAlloy Industrial Company Ltd., Weds Co. Ltd., Performance Wheels Australia, BBS Kraftfahrzeugtechnik AG, Alcoa Wheels, Accuride Corporation., Topy Industries Limited, Euromax Wheels, Mandrus Wheel Company, Nutek Forged Wheels, Steel Strips Wheels Limited, ALCAR Holding, American Eagle Wheels Corporation, Carbon Revolution, OZ S.p.A.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global High Performance Wheels Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global High Performance Wheels Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global High Performance Wheels Market positioning of competitors.
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