High Performance Wheels Market Technology Innovation & Forecast By 2024
MarketStudyReport.com Add New Global High Performance Wheels Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread
(EMAILWIRE.COM, February 22, 2018 ) High Performance Wheels Market will cross USD 160 billion by 2024, according to a new research report.
Potential outlook in premium compact, entry-level and mid-size luxury vehicles will escalate the high performance wheels market growth. Increasing consumer preference for vehicle customization, weight reduction and improved fuel efficiency will support the industry growth.
Recovery of the global automotive industry coupled with increase in luxury vehicle sales are the factors enhancing the product demand. Heavy R&D on wheel designs for better aerodynamics along with evolution of advanced materials including carbon fiber will encourage the product development.
OEMs dominate the end-use segment accounting for over 80% of the overall high performance wheels market share. Rising global automotive demand accompanied by rising manufacturing facilities will fuel the demand.
Demographic and income trends have caused a shift in consumer preference towards improved comfort, easy handling, better rides with reduced unpleasant vehicle vibrations. Improved acceleration, impact absorption and enhanced braking system are the additional factors fueling revenue growth.
Aluminum high performance wheels market will observe growth around 6%. Huge load carrying capacity, optimum dimension, corrosion resistance, low density along with ductility and malleability properties are the factors fueling the product demand. Increasing adoption by both aftermarket and OEMs due to its significant performance parameters are the fueling factors of business growth.
Get sample Copy of this report: <||>rnhttps://www.marketstudyreport.com/request-a-sample/289535/?utm_source=EMAIL-SL
Magnesium accounted for more than 30% of the 2015 overall industry share. Exceptional lightweight property enhances the steering precision, improves braking system and reduces carbon emissions & vibrations. Steel high performance wheels market size will witness gains over 4.5% by 2024. Cost-efficiency, strength, durability coupled with excellent mechanical properties will fuel the demand in this segment.
Expensive initial set up and increased costs associated with alloyed materials are the restraining factors of price trend. Moreover, low consumer consciousness regarding product benefits may hinder industry growth.
High performance wheels market volume from premium compact segment dominated the overall industry catering for over 50% in 2015. This is due to lightweight, fuel efficient and less expensive vehicles than entry-level luxury segment. Increasing consumer spending along with inclination towards enhanced visual appearance will trigger the demand.
Entry-level segment high performance wheels market was valued over USD 25 billion in 2015. Independent suspension, improved transmission and maximized interior space are some of the properties enhancing product penetration.
Increasing preference for customized vehicle designs have enhanced the product consumption in the aftermarket. Rising road accidents coupled with availability and low costs of replacement parts are driving factors of product demand in this segment.
Growth drivers:
Recovering automotive sector
Driving comfort along with superior braking and acceleration
Weight reduction trends in vehicles
Industry pitfalls & challenges
High initial set up cost
High Performance Wheels Market, By Material
Aluminum
Steel
Magnesium
Carbon Fiber
High Performance Wheels Market, By Vehicle
Premium compact segment
Entry-level luxury segment
Mid-size luxury segment
Other vehicles
High Performance Wheels Market, By End-Use
Original equipment manufacturer (OEM)
Aftermarket
The above information is provided on a country basis for the following:
North America: U.S., Canada, Mexico.
Europe: Germany, UK, France, Italy, Spain, Russia
Asia Pacific: China, Japan, India, South Korea, Thailand
Middle East and Africa: GCC, Turkey, South Africa.
Latin America: Brazil, Argentina, Mexico
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U.S. high performance wheels market will witness growth exceeding 5% by 2024. Regulatory compliance, technological advancements accompanied by increasing manufacturing facilities are the supporting factors of the market demand in this region.
In Europe, increasing consumer awareness pertaining to safety, comfort and carbon emissions will certainly influence the regional demand. Presence of leading OEMs particularly in Germany, France, Poland and Italy will enhance the product development in this region.
In terms of units, Asia Pacific high performance wheels market will witness fastest growth during the forecast timeframe. Rapid automotive industry expansion due to cheap labor and extensive raw material accessibility will enhance the regional demand. Japan will witness significant gains, owing to the presence of leading manufacturers.
Global high performance wheels industry share is fragmented due to wide presence of local manufacturers particularly in China. United Group, Fikse, ALCAR Group, OZ S.p.A, BBS Kraftfahrzeugtechnik AG, Euromax, Carbon Revolution, Steel Strips and Topy Industries are the key industry players.
For More Info on Market Research @https://www.marketstudyreport.com/reports/high-performance-wheels-market-size-by-material-aluminium-steel-magnesium-carbon-fiber-by-vehicle-premium-compact-entry-level-luxury-mid-size-luxury-by-end-use-oem-aftermarket-regional-outlook-u-s-canada-germany-uk-france-italy-spain-poland-china-japan-india-south-korea-thailand-brazil-argentina-mexico-gcc-turkey-south-africa-growth-potential-price-trend-competitive-market-share-forecast-2016-2024/?utm_source=SL
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Potential outlook in premium compact, entry-level and mid-size luxury vehicles will escalate the high performance wheels market growth. Increasing consumer preference for vehicle customization, weight reduction and improved fuel efficiency will support the industry growth.
Recovery of the global automotive industry coupled with increase in luxury vehicle sales are the factors enhancing the product demand. Heavy R&D on wheel designs for better aerodynamics along with evolution of advanced materials including carbon fiber will encourage the product development.
OEMs dominate the end-use segment accounting for over 80% of the overall high performance wheels market share. Rising global automotive demand accompanied by rising manufacturing facilities will fuel the demand.
Demographic and income trends have caused a shift in consumer preference towards improved comfort, easy handling, better rides with reduced unpleasant vehicle vibrations. Improved acceleration, impact absorption and enhanced braking system are the additional factors fueling revenue growth.
Aluminum high performance wheels market will observe growth around 6%. Huge load carrying capacity, optimum dimension, corrosion resistance, low density along with ductility and malleability properties are the factors fueling the product demand. Increasing adoption by both aftermarket and OEMs due to its significant performance parameters are the fueling factors of business growth.
Get sample Copy of this report: <||>rnhttps://www.marketstudyreport.com/request-a-sample/289535/?utm_source=EMAIL-SL
Magnesium accounted for more than 30% of the 2015 overall industry share. Exceptional lightweight property enhances the steering precision, improves braking system and reduces carbon emissions & vibrations. Steel high performance wheels market size will witness gains over 4.5% by 2024. Cost-efficiency, strength, durability coupled with excellent mechanical properties will fuel the demand in this segment.
Expensive initial set up and increased costs associated with alloyed materials are the restraining factors of price trend. Moreover, low consumer consciousness regarding product benefits may hinder industry growth.
High performance wheels market volume from premium compact segment dominated the overall industry catering for over 50% in 2015. This is due to lightweight, fuel efficient and less expensive vehicles than entry-level luxury segment. Increasing consumer spending along with inclination towards enhanced visual appearance will trigger the demand.
Entry-level segment high performance wheels market was valued over USD 25 billion in 2015. Independent suspension, improved transmission and maximized interior space are some of the properties enhancing product penetration.
Increasing preference for customized vehicle designs have enhanced the product consumption in the aftermarket. Rising road accidents coupled with availability and low costs of replacement parts are driving factors of product demand in this segment.
Growth drivers:
Recovering automotive sector
Driving comfort along with superior braking and acceleration
Weight reduction trends in vehicles
Industry pitfalls & challenges
High initial set up cost
High Performance Wheels Market, By Material
Aluminum
Steel
Magnesium
Carbon Fiber
High Performance Wheels Market, By Vehicle
Premium compact segment
Entry-level luxury segment
Mid-size luxury segment
Other vehicles
High Performance Wheels Market, By End-Use
Original equipment manufacturer (OEM)
Aftermarket
The above information is provided on a country basis for the following:
North America: U.S., Canada, Mexico.
Europe: Germany, UK, France, Italy, Spain, Russia
Asia Pacific: China, Japan, India, South Korea, Thailand
Middle East and Africa: GCC, Turkey, South Africa.
Latin America: Brazil, Argentina, Mexico
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/289535/?utm_source=PAID-SL
U.S. high performance wheels market will witness growth exceeding 5% by 2024. Regulatory compliance, technological advancements accompanied by increasing manufacturing facilities are the supporting factors of the market demand in this region.
In Europe, increasing consumer awareness pertaining to safety, comfort and carbon emissions will certainly influence the regional demand. Presence of leading OEMs particularly in Germany, France, Poland and Italy will enhance the product development in this region.
In terms of units, Asia Pacific high performance wheels market will witness fastest growth during the forecast timeframe. Rapid automotive industry expansion due to cheap labor and extensive raw material accessibility will enhance the regional demand. Japan will witness significant gains, owing to the presence of leading manufacturers.
Global high performance wheels industry share is fragmented due to wide presence of local manufacturers particularly in China. United Group, Fikse, ALCAR Group, OZ S.p.A, BBS Kraftfahrzeugtechnik AG, Euromax, Carbon Revolution, Steel Strips and Topy Industries are the key industry players.
For More Info on Market Research @https://www.marketstudyreport.com/reports/high-performance-wheels-market-size-by-material-aluminium-steel-magnesium-carbon-fiber-by-vehicle-premium-compact-entry-level-luxury-mid-size-luxury-by-end-use-oem-aftermarket-regional-outlook-u-s-canada-germany-uk-france-italy-spain-poland-china-japan-india-south-korea-thailand-brazil-argentina-mexico-gcc-turkey-south-africa-growth-potential-price-trend-competitive-market-share-forecast-2016-2024/?utm_source=SL
Related Report:
Global Management Software Market Research Report 2018-2023 by Players, Regions, Product Types & Applications
The global Management Software market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2023, growing at a CAGR of XX% between 2016 and 2023. This report offers an overview of the market trends, drivers, and...
@https://www.marketstudyreport.com/reports/global-management-software-market-research-report-2018-2023-by-players-regions-product-types-applications/?utm_source=RR-SL
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/
Contact Information:
Market Study Report
Arun hegde
Tel: 1-201-355-0868
Email us
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Market Study Report
Arun hegde
Tel: 1-201-355-0868
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results