Press release
Magnesium Wheel Market Global Trends by Key Players: Enkei, APP Tech, BBS USA, MKW Alloy, Marvic Wheels, Tan-ei-sya, Minilite, Cromodora Wheels
Global Magnesium Wheel Market from premium/sports cars accounted for maximum share crossing 95% in 2016. Improving income trends and changing lifestyles have led to increased demand for comfort and better rides. Enhanced braking system, improved acceleration, and high impact absorption are other factors propelling the industry growth over the forecast timeframe. However, high capital investment, production costs, and fluctuations in energy costs may negatively impact the industry price trend.
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Top Key Players:-
The key players of global Magnesium Wheel Market are SMW Engineering Ltd. (U.S.), Enkei Corporation (U.S.), APP Tech. (EU), PVM Brakes Manheim, BBS (U.S.), O.Z., MKW Alloy (U.S.), Marvic Wheels (EU), Marchesini, Tan-ei-sya (U.S.), Minilite (EU), Cromodora Wheels (EU).
Regional Segmentations:-
Europe accounted for over USD 9 billion in global magnesium wheel market in 2016. Presence of established luxury car OEMs such as Land Rover, Jaguar, Bentley, Rolls-Royce, Morgan, etc. will primarily drive the region’s growth. Continuously increasing investments on superior manufacturing units with productive and highly skilled workforce and cutting-edge technology and design will strengthen product penetration in Europe. Automotive industry in UK was valued at over USD 20 billion in 2016.
Magnesium wheel market from Asia Pacific will grow at over 3.5% CAGR over the next eight years. Regular technological innovations in automotive sector coupled with efficient economic recovery will enhance the product demand. Rising number of automobile manufacturing units, especially in India and China will further support the region’s growth till 2024.
North America is anticipated to hold over 20% revenue share in global magnesium wheel market over the forecast timeframe. Automotive industry expansion across the region owing to business environment and favorable geographical location will primarily drive the industry growth. Availability of advanced technology and high investments on R&D will further support the region’s growth over the coming years.
Major Points of Table Of Content:-
1. Methodology and Scope
2. Executive Summary
3. Magnesium Wheel Industry Insights
4. Magnesium Wheel Market, By Manufacturing
5. Magnesium Wheel Market, By End-Use
6. Magnesium Wheel Market, By Vehicle
7. Magnesium Wheel Market, By Region
8. Company Profiles
Browse Full Report @ https://www.gminsights.com/industry-analysis/magnesium-wheel-market
Positive outlook of automotive industry coupled with shifting trend towards light weight vehicles will primarily drive the magnesium wheel market growth. moreover, inclination towards green mobility along with shifting consumer preference towards customized vehicles will further propel the industry growth over the next eight years.
Related Report:
Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Aircrafts (Commercial Aircraft {Narrow Body, Wide Body}, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/aerospace-landing-gear-market
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