Global high performance wheels market surpassed USD 13 Billion in 2019 and is expected to reach nearly USD 17 Billion in 2025, growing at a CAGR of around 5% between 2019 and 2025.
This report analyzes and estimates the high performance wheels market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the high performance wheels market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global high performance wheels market. To understand the competitive landscape in the high performance wheels market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global high performance wheels market based on vehicle, material, end-use, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
High performance wheels are incredibly light in weight, owing to which they offer strong braking and extensive acceleration to the vehicles. These wheels are widely installed in the premium vehicle class to enhance both the aesthetic appearance and performance of the vehicles. The rims of the high performance wheels are mainly manufactured from different elements comprising magnesium, aluminum, carbon fiber, or steel, based on the applications. However, high performance wheels-manufacturing procedures are quite complicated compared to the construction of other wheels, as the production methods of former ones involve expertise team and advanced technologies such as forging and casting. This is one of the major factors hindering the global high performance wheels market.
The report encompasses the comprehensive analytical study of the global high performance wheels market by segmenting it on the basis of vehicle, material, end-use, and region. Based on the vehicle segment, the global high performance wheels market is bifurcated into entry-level luxury segment, mid-size luxury segment, premium compact segment, and others. Material-wise, the global industry is segmented into magnesium, aluminum, carbon fiber, and steel. Based on the end-use, the global market is divided into aftermarket and OEM. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the essential players flourishing the global high performance wheels market, but not restricted to include Ronal AG, Weds Co. Ltd., Nutek Forged Wheels, Wheel Pros., Fikse Wheels, Alcoa Wheels, OZ S.p.A., ALCAR Holding, Vossen Wheels, Enkei Wheels, RAYS Co. Ltd., Topy Industries Limited, Carbon Revolution, CiTiC Dicastal Wheel Manufacturing Co. Ltd., Euromax Wheels, American Eagle Wheels Corporation, HRE Performance Wheels, SuperAlloy Industrial Company Ltd., Accuride Corporation, Iochpe-Maxion, United Wheels Group, Steel Strips Wheels Limited, Automotive Wheels Ltd., Mandrus Wheel Company, BBS Kraftfahrzeugtechnik AG, Work Wheels USA, Performance Wheels Australia, and Konig Wheels.
The global high performance wheels market is segmented as:
Global High performance wheels Market: By Vehicle Segmentation Analysis
Global High performance wheels Market: By Material Segmentation Analysis
Global High performance wheels Market: By End-Use Segmentation Analysis
Global High performance wheels Market: Regional Segmentation Analysis