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Global High Performance Wheels Market: By Material: Aluminum, Steel, Magnesium, Carbon Fibre, Others; By Vehicle Type: Premium Compact, Entry-Level Luxury, Mid-Size Luxury, Others; By Sales Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global High Performance Wheels Market Outlook

The global high performance wheels market is expected to grow at a CAGR of 8% in the forecast period of 2021-2026, to attain a value of nearly USD 30.5 billion by 2026.

 

Rising Demand for Lightweight Vehicles with Superior Acceleration and High Braking Boosting the Market Growth

High performance wheels offer reduced weight, high braking and superior acceleration. They are extensively used in premium automotive applications to improve not only the aesthetic appearance but also the performance of the vehicle. As the automotive sector is the major contributor of air pollution, governments of various countries are imposing strict rules and regulations to compel automotive manufacturers to develop environment-friendly components and vehicles.  This, in turn, is increasing the production of environmental-friendly vehicles, such as high performance wheels and lightweight products. Hence, prominent companies are trying to keep up with the norms and are developing vehicles that are less likely to cause damage to the environment, further catalysing the growth of high performance wheels industry. Moreover, the growing demand for lightweight vehicles with aesthetic appearance and superior performance is aiding the growth of the high performance wheel industry.

 

High Performance Wheels Market

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High Performance Wheels: Industry Definition and Segmentation

In the automotive industry, high performance wheels are wheels that are made from an alloy of aluminium or magnesium. Alloys are mixtures of a metal and other elements. They generally provide greater strength over pure metals, which are usually much softer and more ductile.

Based on material, the market is segmented into:

  • Aluminium
  • Steel
  • Magnesium
  • Carbon Fibre
  • Others

The market can be broadly categorised on the basis of its vehicle type into: 

  • Premium Compact
  • Entry-Level Luxury
  • Mid-Size Luxury
  • Others

The major sales channels of high performance wheels are:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

The EMR report looks into the regional markets of high performance wheels like North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Increasing Demand for High Performance Cars to Bolster the Market Growth of High Performance Wheels

High performance wheels can enhance the appearance of any car, including sedans, SUVs or hatchback models. Moreover, high performance wheels are lighter, visually appealing, provide better heat conduction and conserve better fuel economy. Vehicle manufacturers are introducing vehicle models pre-equipped with high performance wheels to improve the wear and tear of tyres, which is bolstering the market growth. The rising demand for performance cars with aesthetic appearance and technological advancement is augmenting the industry growth. The rising demand for premium vehicles owing to the evolving consumer preference for safe and sustainable vehicles is expected to boost the market growth over the forecast period. Additionally, the development of technologically advanced materials that can provide heat dissipation and corrosion resistive properties to the wheels is further expected to fuel the market growth.

 

Key Industries Players in the Global High Performance Wheels Market

The report presents a detailed analysis of the following key players in the global high performance wheels market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Vossen Wheels 
  • Automotive Wheels Ltd
  • CITIC Dicastal Wheel Manufacturing Co., Ltd.
  • Tuff Industries (S) Ltd.
  • Others

The comprehensive report looks into macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material, Vehicle Type, Sales Channel, Regions
Breakup by Material Aluminum, Steel, Magnesium , Carbon Fibre, Others
Breakup by Vehicle Type Premium Compact, Entry-Level Luxury, Mid-Size Luxury, Others
Breakup by Sales Channel Original Equipment Manufacturers (OEM), Aftermarket
Breakup by Regions North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Vossen Wheels, Automotive Wheels Ltd, CITIC Dicastal Wheel Manufacturing Co., Ltd., Tuff Industries (S) Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global High Performance Wheels Market Analysis

    8.1    Key Industry Highlights
    8.2    Global High Performance Wheels Historical Market (2016-2020) 
    8.3    Global High Performance Wheels Market Forecast (2021-2026)
    8.4    Global High Performance Wheels Market by Material
        8.4.1    Aluminum
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Steel 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Magnesium 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Carbon Fibre
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global High Performance Wheels Market by Vehicle Type
        8.5.1    Premium Compact
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Entry-Level Luxury 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Mid-Size Luxury
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global High Performance Wheels Market by Sales Channel
        8.6.1    Original Equipment Manufacturers (OEM)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aftermarket 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global High Performance Wheels Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Vossen Wheels
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Automotive Wheels Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    CITIC Dicastal Wheel Manufacturing Co., Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Tuff Industries (S) Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global High Performance Wheels Market: Key Industry Highlights, 2016 and 2026
2.    Global High Performance Wheels Historical Market: Breakup by Material (USD Billion), 2016-2020
3.    Global High Performance Wheels Market Forecast: Breakup by Material (USD Billion), 2021-2026
4.    Global High Performance Wheels Historical Market: Breakup by Vehicle Type (USD Billion), 2016-2020
5.    Global High Performance Wheels Market Forecast: Breakup by Vehicle Type (USD Billion), 2021-2026
6.    Global High Performance Wheels Historical Market: Breakup by Sales Channel (USD Billion), 2016-2020
7.    Global High Performance Wheels Market Forecast: Breakup by Sales Channel (USD Billion), 2021-2026
8.    Global High Performance Wheels Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global High Performance Wheels Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America High Performance Wheels Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America High Performance Wheels Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe High Performance Wheels Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe High Performance Wheels Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific High Performance Wheels Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific High Performance Wheels Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America High Performance Wheels Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America High Performance Wheels Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa High Performance Wheels Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa High Performance Wheels Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global High Performance Wheels Market Structure

Key Questions Answered in the Report

The global high performance wheels market is projected to grow at a CAGR of 8% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period 2021-2026 to reach nearly USD 30.5 billion by 2026.

The market is being driven by the increasing demand for high performance cars, lightweight vehicles, and superior acceleration in automotive industry.

The industry is expected to be aided by the rising demand for aesthetic appearance of cars and technological advancements in the automotive industry to create more advanced wheels.

Based on material, the high-performance wheels industry can be segmented into aluminium, steel, magnesium, and carbon fibre, among others.

On the basis of vehicle type, the industry is segmented into premium compact, entry-level luxury, and mid-size luxury, among others.

The leading sales channel in the market are original equipment manufacturers (OEM) and aftermarket.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The leading players in this market are Vossen Wheels, Automotive Wheels Ltd, CITIC Dicastal Wheel Manufacturing Co., Ltd., and Tuff Industries (S) Ltd., among others.

Analyst Review

The global high performance wheels market is driven by the increasing demand of lightweight vehicles in automotive industry. Aided by technological advancements, the market is expected to witness a growth in the forecast period of 2021-2026 growing at a CAGR of 8% to attain a value of approximately USD 30.5 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on material, the high performance wheels industry can be segmented into aluminium, steel, magnesium and carbon fibre, among others. On the basis of vehicle type, the industry is segmented into premium compact, entry-level luxury, and mid-size luxury, among others. Based on sales channel, the market is segmented into original equipment manufacturers (OEM) and aftermarket. The major regional markets for high performance wheels are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Vossen Wheels, Automotive Wheels Ltd, CITIC Dicastal Wheel Manufacturing Co., Ltd., and Tuff Industries (S) Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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