Press release
High Performance Wheels Market Report 2023 - Industry Size, Competition, Trends And Growth Opportunities To 2032
High Performance Wheels Global Market
The Business Research Company's High Performance Wheels Global Market Report 2023 identifies rising sale of luxury cars is significantly contributing as the major driver for the High Performance Wheels market's growth in the forecast period. Luxury cars provide increased performance, status, comfort, and quality compared to regular vehicles for an increased price. High-performance wheels are used in luxury vehicles to provide better grip and cornering ability and dissipate heat much faster than standard rubber.
The global high-performance wheels market is expected to grow from $19.23 billion in 2022 to $20.59 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high-performance wheels market is expected to reach $25.93 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the High Performance Wheels market are Topy Industries Ltd., Maxion Wheels GmbH, Accuride Corporation, Steel Strips Wheels Ltd., Wheel Pros LLC, Alcoa Wheels, Weds Co. Ltd., ALCAR Holding GmbH, SuperAlloy Industrial Co. Ltd., Enkei Wheels Limited, Carbon Revolution Ltd., OZ S.p.A, American Eagle Wheels, Forgeline Motorsports, HRE Performance Wheels.
A key trend in the High Performance Wheels market includes Product innovation. Major companies operating in the high-performance wheels market are focusing on increasing the metallurgical properties of their high-performance wheel's offerings.
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The High Performance Wheels market is segmented -
1) By Product Type: Aluminum, Steel, Magnesium, Carbon Fiber
2) By Coating: Painted, Polished, Chromed, Machined
3) By Manufacturing Process: Gravity Casting, Low-Pressure Casting, High-Pressure Die Casting
4) By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
5) By Application: Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses And Coaches, Trailers, Motorcycles, Motorsports
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the High Performance Wheels market.
The Business Research Company's "Global High Performance Wheels Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The High Performance Wheels Market Include:
1. Executive Summary
2. High Performance Wheels Market Characteristics
3. High Performance Wheels Market Trends And Strategies
4. High Performance Wheels Market - Macro Economic Scenario
5. High Performance Wheels Market Size And Growth
……
27. High Performance Wheels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Performance Wheels Market
29. High Performance Wheels Market Future Outlook And Potential Analysis
30. Appendix
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