Press release
High Performance Wheels Market 2018 Global Industry Forecast & Players – Accuride Corporation, Wheel Pros, Vossen Wheels, Iochpe Maxion S/A
Global Market Insights, Inc
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Rising demand from the passenger cars due to its significant properties including heavy load carrying capacity, proper replacement, optimum dimension and correct fitment will create new opportunities for the industry growth. High performance wheels reduce the overall weight, thus improving energy efficiency and performance of the vehicles.
Industry Growth drivers:
1. Recovering automotive sector
2. Driving comfort along with superior braking and acceleration
3. Weight reduction trends in vehicles
High Performance Wheels Market, By Material
• Aluminum
• Steel
• Magnesium
• Carbon Fiber
High Performance Wheels Market, By Vehicle
• Premium compact segment
• Entry-level luxury segment
• Mid-size luxury segment
• Other vehicles
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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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Global high performance wheels industry share is fragmented due to wide presence of local manufacturers particularly in China. United Group, Fikse, ALCAR Group, OZ S.p.A, BBS Kraftfahrzeugtechnik AG, Euromax, Carbon Revolution, Steel Strips and Topy Industries are the key industry players.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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