Press release
High Performance Wheels Market 2018 Key Players are Alcoa, United Group, Konig, Fikse, RAYS, Ronal, Carbon Revolution, ALCAR, Steel Strips, Nutek Forged, Mandrus, Euromax, Topy Industries, Accuride, SuperAlloy
High Performance Wheels Market
Global High Performance Wheels Market in Aluminum segment will grow at over 6% up to 2024. Improved mechanical properties including corrosion resistance, lightness, durability, malleability and low density coupled with appealing appearance will fuel the product scope. Besides, low weight of aluminum eases acceleration and improves fuel efficiency.
Original Equipment Manufacturers accounted for over 80% of overall industry share. Growth in automobile manufacturing to meet the increased consumer demand will drive the industry growth. Rise in number of manufacturing facilities along with capacity expansions mainly in emerging economies will provide positive outlook to the industry.
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Growth in automotive industry along with increase in luxury vehicle sales are the key drivers of the high performance wheels market. Heavy research & development on rim design for improved aerodynamics coupled with emergence of advanced materials will encourage the product demand.
Top Key Players:-
The key players of global High Performance Wheels Market are Carbon Revolution, ALCAR, Steel Strips, Nutek Forged, Mandrus, Euromax, Topy Industries, Accuride, SuperAlloy, Alcoa, United Group, Konig, Fikse, RAYS, Ronal.
Regional Segmentations:-
Asia Pacific high performance wheels market will witness gains over 7% up to 2024. Rising research & development accompanied by demand for sports cars is projected to drive the industry growth. Favorable government policies including 100% FDI will further support the industry demand.
European high performance wheels market is estimated to value around USD 60 billion up to 2024. Rise in premium vehicle usage coupled with government promotions to enhance lightweight vehicles is the key factors enhancing the product penetration in this region.
The U.S. high performance wheels market is estimated to worth over USD 60 billion by 2024. Increased sports car production and facility expansion will enhance the product penetration in this region. Increasing disposable income along with presence of large number of car manufacturers including Shelby, SRT, Ford, Chevrolet, Dodge, Buick, Acura and Cadillac will further drive the industry growth.
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Major Points of Table Of Content:-
High Performance Wheels Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 -2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.3.3. Profit margin analysis
3.4. Raw material landscape
3.4.1. Aluminum
3.4.2. Steel
3.4.3. Magnesium
3.4.4. Carbon fiber
3.5. Global automotive wheels market overview
3.5.1. Current automotive wheels trend
3.5.2. Current consumer preferences
3.6. Pricing trends
3.6.1. Cost structure analysis
3.7. 3.6 Technology & innovation
3.7.1. Casting Technology
3.7.1.1. Low pressure die casting (LPDC)
3.7.1.2. High pressure die casting (HPDC)
3.7.1.3. Gravity casting
3.7.2. Flow forming technology
3.7.3. Forging technology
3.7.4. High light technology (HLT)
3.8. Automotive industry landscape, by region
3.9. Regulatory landscape
3.9.1. North America
3.9.2. U.S.
3.9.3. EU
3.9.4. China
3.9.5. Japan
3.10. Industry impact forces
3.10.1. Growth drivers
3.10.1.1. Recovering automotive sector
3.10.1.2. Driving comfort along with superior braking and acceleration
3.10.1.3. Weight reduction trends in vehicles
3.10.2. Industry pitfalls & challenges
3.10.2.1. High initial set up cost
3.11. Growth potential analysis
3.12. Porter’s analysis
3.13. Competitive landscape, 2016
3.13.1. Strategy dashboard
3.13.2. Market by brand
3.14. PESTEL analysis
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Development of carbon composite wheels as a substitute to conventional aluminum products will help in overall weight reduction, thereby improving durability and efficacy. High performance wheels are heat treated which increases their strength and operating life. However, high initial setup cost and complex manufacturing process may restrain the industry growth.
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