High Performance Wheels Market Growth
High performance wheels Market Growth, Size, Analysis, Outlook by 2016 – Trends, Opportunities and Forecast to 2024
Market Study Report recently introduced new title on “2016-2024 Global high performance wheels Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
High performance wheels market size is estimated to surpass 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.
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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.
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.
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Major Points of Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 High Performance Wheels Industry Insights
Chapter 4 High Performance Wheels Market, By Material
Chapter 5 High Performance Wheels Market, By Vehicle
Chapter 6 High Performance Wheels Market, By End-use
Chapter 7 High Performance Wheels Market, By Region
Chapter 8 Company Profiles.
Complete report titled 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 of 117 pages and published in Feb., 2017 is now available at 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
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