Press release
Magnesium Wheel Market is expected to reach USD 32.63 Bn. by 2030, As per Maximize Market Research.
Magnesium Wheel Market
Magnesium Wheel Market Dynamics
The automotive industry demands lightweight and high-performance wheels. Magnesium is known for its exceptional property of strength despite being light-weight is a preferred material by the manufacturers. The Magnesium Wheel Market sees a growing demand as the trend of automotive industry is shifting towards sustainable and energy-efficient solutions.
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Magnesium Wheel Market Regional Analysis
The Europe Magnesium Wheel Market held a large market share in the past. The high penetration of premium cars in the UK, Germany, Italy, Spain, and Poland market will be a key driving factor in the Magnesium Wheel Market growth. The presence of key automobile manufacturers such as Lamborghini, Ferrari, Audi, BMW, and Porsche also provide great opportunities in the European region.
Magnesium Wheel Market Scope
Market Size in 2023 USD 26.53 Bn.
Market Size in 2030 USD 32.63 Bn.
CAGR 3% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Magnesium Wheel Market Segmentation
by Manufacturing
1. Cast
2. Forged
by Vehicle
1. Bikes
2. Premium/ Sports Cars
by End-Use
1. OEM
2. Aftermarket
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Magnesium Wheel Market Key Players
1. BBS
2. Enkei
3. MKW Alloy
4. SMW Engineering
5. O.Z. Group
6. Ferrari
7. Volkswagen
8. Mercedes Benz
9. Dymag Group Limited
10. Tecnología y Fabricación, S.A.
11. Marvic Wheels
12. BBI Autosport
13. Marchesini
14. Vision Ability Dedication
15. App Tech
16. Tan-ei-sya
17. Milinite
18. Washi Beam
19. Ronal Group
20. Cromodora Wheels SPA
21. PVM Brakes & Wheels Mannheim
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 : https://www.maximizemarketresearch.com/market-report/magnesium-wheel-market/12103/
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About Maximize Market Research
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