Press release
How Magnesium Wheel Market Growing Rapidly...? Top Manufacturer Enkei, APP Tech, BBS USA, MKW Alloy, Marvic Wheels, Tan-ei-sya, Minilite, Cromodora Wheels
Magnesium Wheel Market
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The distribution in the magnesium wheel market share has seen a sea change as the motorbikes segment is emerging as a bright spot. The rising population and construction have led to road congestion in all the major cities of the world. Add to it, the altering income trends and increasing preference for bikes has enhanced the demand for magnesium wheel. Coupled with the rising demand for enhanced acceleration and quick braking in the premium and luxury cars, North American and European markets are witnessing rather a humongous product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. SMW Engineering
2. MKW Alloy
3. BBS USA
4. PVM Brakes & Wheels Mannheim
5. APP Tech
6. Enkei Corporation
7. Marvic Wheels
8. Marchesini
9. OZ Group
10. Tan-ei-sya
Speaking along same lines, Europe has been the leader in the magnesium wheel market share owing to the presence of reputable automotive brands including BMW, Audi, Porsche, Lamborghini, and Ferrari. In 2016, Europe constituted over 40% of the market share.
According to the U.S. based trade group, International Magnesium Association, Magnesium weighs 75% lighter than steel and 33% lighter than aluminum. The paradigm shifts in automotive trends including the increased demand for reduced weight cars, enhanced fuel economy, vehicle customization, green mobility, optimum precision, improved functionality and stronger grip on the road have proven to be of immense help to massively drive the magnesium wheel market size in terms of revenue growth and expanding its customer base.
Major Points of Table Of Content:-
1. Methodology and Scope
2. Executive Summary
3. Magnesium Wheel Industry Insights
4. Market, By Manufacturing
5. Market, By End-Use
6. Market, By Vehicle
7. Market , By Region
8. Company Profiles
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Asia Pacific region is also expected to grow strongly due to increasing disposable income and favorable socio-economic condition for setting up manufacturing facilities. Especially, the initiatives taken up by Japanese automotive associations will assist the market to register decent growth in the region.
Apparently, magnesium wheel market is regarded as a moderately consolidated business space as the presence of the multinational players is comparatively less. Some of the renowned industry names include MKW Alloy, O.Z. Group, BBS, SMW Engineering, Enkei Corporation and PVM Brakes Manheim. According to a research report compiled by Global Market Insights, Inc., magnesium wheel market is estimated to exceed $27 billion by 2024.
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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: https://www.gminsights.com
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.
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