Press release
Magnesium Wheel Market 2024 Top Key Player Analysis – SMW Engineering Ltd., PVM Brakes Manheim, Enkei Corporation, BBS, O.Z. and APP Tech. Mergers, acquisitions
Magnesium Wheel Market size is estimated to exceed USD 27 billion by 2024; according to a new research report.
Potential outlook in automotive industry accompanied by lightweight vehicle trends will drive magnesium wheel market growth. Shifting preference for customized vehicles along inclination towards green mobility will propel magnesium wheel market size.
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Improved functionality, optimum precision and stronger grip on road are the key factors driving product demand. High availability of forged wheel in several designs is further expected to enhance industry growth.
Rising demand for European car brands due to rapid globalization will fuel the magnesium wheel market growth. For instance, European exports in automotive industry was valued over USD 130 billion in 2016. Growing popularity of sport events including Grand Prix and Formula One has resulted in increased product demand as numerous companies are involved in sponsorships in the events.
Asia Pacific magnesium wheel market will observe gains exceeding 3.5% up to 2024. Efficient economic recovery coupled with technological advancement in automotive industry has enhanced the product demand. Growth in number of automotive manufacturing facilities particularly in China and India will drive the product scope.
North America magnesium wheel market accounted for more than 20% of total industry share in 2016. Expansion in automotive industry in the region due to favorable geographical location, business environment, high investment on research & development and availability of advanced technology will propel the regional demand.
Global magnesium wheel market is share is moderately consolidated owing to presence of few multinational industry players. Some of the key players include SMW Engineering Ltd., PVM Brakes Manheim, Enkei Corporation, BBS, O.Z. and APP Tech. Mergers, acquisitions, collaborations and supply agreements are the key strategies adopted.
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Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Magnesium wheel industry 360 degree synopsis, 2013 -202
2.1.1. Business trends
2.1.2. Manufacturing trends
2.1.3. End-use trends
2.1.4. Vehicle trends
2.1.5. Regional trends
Chapter 3. Magnesium Wheel Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
3.4. Technology landscape
3.5. Raw material analysis
3.6. Industry best practices & key buying criteria
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. Australia
3.7.4. China
3.8. Pricing analysis
3.8.1. Regional pricing
3.8.1.1. North America
3.8.1.2. Europe
3.8.1.3. Asia Pacific
3.8.1.4. Latin America
3.8.1.5. MEA
3.8.2. Cost structure analysis
3.9. Industry impact forces
3.9.1. Growth drivers
For More Details about this report: https://www.marketstudyreport.com/reports/magnesium-wheel-market
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