Press release
Worldwide High Performance Wheels Market By Vehicle 2024 Top Key Players - 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 & More
High Performance Wheels
U.S. high performance wheels market will witness growth exceeding 5% by 2024. Regulatory compliance, technological advancements accompanied by increasing manufacturing facilities are the supporting factors of the market demand in this region.
Global high performance wheels Topy key industry players such as 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, uromax Wheels, Mandrus Wheel Company, utek Forged Wheels, Steel Strips Wheels Limited, ALCAR Holding, American Eagle Wheels Corporation, Carbon Revolution, OZ S.p.A.
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Europe, increasing consumer awareness pertaining to safety, comfort and carbon emissions will certainly influence the regional demand. Presence of leading OEMs particularly in Germany, France, Poland and Italy will enhance the product development in this region.
High performance wheels market volume from premium compact segment dominated the overall industry catering for over 50% in 2015. This is due to lightweight, fuel efficient and less expensive vehicles than entry-level luxury segment. Increasing consumer spending along with inclination towards enhanced visual appearance will trigger the demand.
Entry-level segment high performance wheels market was valued over USD 25 billion in 2015. Independent suspension, improved transmission and maximized interior space are some of the properties enhancing product penetration.
Potential outlook in premium compact, entry-level and mid-size luxury vehicles will escalate the high performance wheels market growth. Increasing consumer preference for vehicle customization, weight reduction and improved fuel efficiency will support the industry growth.
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OEMs dominate the end-use segment accounting for over 80% of the overall high performance wheels market share. Rising global automotive demand accompanied by rising manufacturing facilities will fuel the demand.
Demographic and income trends have caused a shift in consumer preference towards improved comfort, easy handling, better rides with reduced unpleasant vehicle vibrations. Improved acceleration, impact absorption and enhanced braking system are the additional factors fueling revenue growth.
Aluminum high performance wheels market will observe growth around 6%. Huge load carrying capacity, optimum dimension, corrosion resistance, low density along with ductility and malleability properties are the factors fueling the product demand. Increasing adoption by both aftermarket and OEMs due to its significant performance parameters are the fueling factors of business growth.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 High Performance Wheels Industry Insights
Chapter 4 High Performance Wheels Market, By Material
Chapter 5 High Performance Wheels Market, By Vehicle
Chapter 6 High Performance Wheels Market, By End-use
Chapter 7 High Performance Wheels Market, By Region
Chapter 8 Company Profiles
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