What's Driving the High Performance Wheels Market Trends? 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., Wed
Today, a significant portion of the urban population prefer vibration free and comfortable rides which is in turn providing lucrative business opportunities to high performance wheels industry. Impacts absorption, enhanced braking system, and improved acceleration are the other crucial factors influencing the industry revenue. The rapidly developing automotive industry has resulted in an escalating product demand from the OEMs. Original Equipment Manufacturers represented almost 80% of the overall high performance wheels market share in 2015. Also, the escalating demand for customized and aesthetically improved vehicles is fueling the high performance wheels industry share from aftermarket applications.
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Material segmentation: The report claims that the Material landscape of the high performance wheels market is subdivided into -
o Carbon Fiber
Important pointers encompassed pertaining to the Material spectrum:
o Major details about the Material spectrum are provided in the report.
o The study elaborates on the remuneration forecast of each of the Material categories by the end of the anticipated duration.
o The market share which each of the Material segments account are mentioned in the study.
o Also, the most proliferating trends that the Material spectrum is characterized by are also entailed.
Vehicle segmentation: The report states the Vehicle landscape of the high performance wheels market to be split into -
o Premium compact segment
o Entry-level luxury segment
o Mid-size luxury segment
o Others (High-end luxury, Ultra luxury cars, Luxury SUV/Crossover, Motorcycles)
Important pointers encompassed pertaining to the Vehicle spectrum:
o Substantial details about the Vehicle spectrum are provided in the report.
o The study mentions about the valuation estimate of each of the Vehicle categories in detail, by the end of the forecast period.
o The market share that each of the Vehicle segments account are mentioned in the study.
o The trends that the Vehicle landscape is defined by are also contained in the report.
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In terms of materials, carbon fiber wheels have witnessed significant demand in the recent years. Shifting consumer trend toward light weight vehicles, along with the requirement of weight reduction in sport cars have resulted in an upswing in the material demand. Aluminum based high performance wheels industry will also record steady gains in the years ahead at a CAGR of 6% over 2016-2024. Magnesium based wheels accounted for 30% of the total market in 2015. Steel high performance wheels market will also grow significantly at an annual rate of 4.5% over 2016-2024.
The high performance wheels industry research report presents significant information on the methodology deployed to conceptualize the study in question, by means of various primary and secondary sources. The scope of the report and the elements contained in the same with respect to the growth spectrum of the high performance wheels industry has been discussed in the study. Also mentioned in the document are details pertaining to the financial data of the companies profiled in the report, in addition to the currently prevalent price trends of the high performance wheels market.
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