Press release
Global High Performance Wheels Market Detail Analysis focusing on Key Players like United Group, Fikse, ALCAR Group, OZ S.p.A, BBS Kraftfahrzeugtechnik AG, Euromax, Carbon Revolution, Steel Strips & more
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.
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High Performance Wheels Market size is estimated to surpass USD 160 billion by 2024; according to a new research report.
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.
Recovery of the global automotive industry coupled with increase in luxury vehicle sales are the factors enhancing the product demand. Heavy R&D on wheel designs for better aerodynamics along with evolution of advanced materials including carbon fiber will encourage the product development.
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.
In 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.
In terms of units, Asia Pacific high performance wheels market will witness fastest growth during the forecast timeframe. Rapid automotive industry expansion due to cheap labor and extensive raw material accessibility will enhance the regional demand. Japan will witness significant gains, owing to the presence of leading manufacturers.
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.
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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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