Market Overview:
The global drift racing wheels market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing popularity of drifting as a motorsport discipline and rising demand for premium quality drift racing wheels from automotive enthusiasts across the globe. On the basis of wheel size, the global drift racing wheels market has been segmented into < 16’’, 16-18’’ and > 18”. Among these segments, < 16” is expected to account for a major share of the global market during the forecast period owing to its low cost and easy availability compared with other wheel sizes.
Product Definition:
Drift Racing Wheels are a type of wheel that is specifically designed for drift racing. They are typically wider and have less offset than other wheels, which allows them to stay in contact with the track surface for longer when drifting. This helps increase the speed and stability of the car during a drift.
< 16'':
The drift racing wheels market size was valued at USD 5.5 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022. The growing popularity of drifting, motorsports that involves the use of a motor-driven vehicle on ice or snow has been driving the growth factor for this industry over the past few years and it continues to be one of the key trends impacting market growth across various regions globally.
16-18'':
The drift racing wheels market is growing at a rapid pace and the manufacturers are trying to keep up with the demand. The drift racing wheels are 16-18 inches in diameter. They have a lip around the outer edge which helps in better contact between wheel and car. These types of wheels are used for high performance cars as they offer better grip than standard sized tires do.
Application Insights:
OEMs held the largest market share of over 70% in 2017. OEMs have been dominating the aftermarket industry for a long time and this trend is expected to continue through the forecast period. The major reason behind this trend is that most of the vehicle manufacturers prefer to source these wheels from their existing suppliers, thereby influencing other companies to follow suit.
The demand for OEM drift racing wheels has witnessed a rise due largely to factors such as high performance, lightweight and aesthetic appeal coupled with low price tags which makes them affordable by all means possible customers including amateurs and professionals alike across various regions globally.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period owing to increasing number of events and participants. The region accounted for a share of more than 50% in 2017 owing to high demand from countries, such as China, Japan, Australia and India. Furthermore, growing popularity of off-road vehicles in these countries is expected to drive regional market growth over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 due herring migration route across Europe called Western Mediterranean Sea Route (WMSR). This route has been used by many drift racing teams across Europe for practice sessions as well as official races held along this route since 2005.
Growth Factors:
- Increasing demand for drift racing wheels from the automotive sector as they provide better performance and handling.
- Rising popularity of drifting as a motorsport discipline, which is driving demand for drift racing wheels.
- Technological advancements in the design and manufacturing of drift racing wheels, resulting in improved performance and durability.
- Growing number of aftermarket suppliers catering to the needs of enthusiasts looking to upgrade their vehicles with drift racing wheels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drift Racing Wheels Market Research Report
By Type
< 16'', 16-18'', >18''
By Application
OEM, Aftermarket
By Companies
Hankook Ventus, Enkei International, Yokomo, Nitto, Yokohama, Falken Azenis, Nankang, Westlake, Zestino, OZSpA, Hankook Ventus, KONIG, Sparco, Tamiya, MST, Firebrand
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Drift Racing Wheels Market Report Segments:
The global Drift Racing Wheels market is segmented on the basis of:
Types
< 16'', 16-18'', >18''
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hankook Ventus
- Enkei International
- Yokomo
- Nitto
- Yokohama
- Falken Azenis
- Nankang
- Westlake
- Zestino
- OZSpA
- Hankook Ventus
- KONIG
- Sparco
- Tamiya
- MST
- Firebrand
Highlights of The Drift Racing Wheels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- < 16''
- 16-18''
- >18''
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drift Racing Wheels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drift Racing Wheels are a type of racing wheel that is designed to be used in drifting. Drift Racing Wheels are typically made out of a softer material than other racing wheels, which makes them more responsive when it comes to drifting.
Some of the major players in the drift racing wheels market are Hankook Ventus, Enkei International, Yokomo, Nitto, Yokohama, Falken Azenis, Nankang, Westlake, Zestino, OZSpA, Hankook Ventus, KONIG, Sparco, Tamiya, MST, Firebrand.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drift Racing Wheels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drift Racing Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drift Racing Wheels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drift Racing Wheels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drift Racing Wheels Market Size & Forecast, 2018-2028
4.5.1 Drift Racing Wheels Market Size and Y-o-Y Growth
4.5.2 Drift Racing Wheels Market Absolute $ Opportunity
Chapter 5 Global Drift Racing Wheels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Drift Racing Wheels Market Size Forecast by Type
5.2.1 < 16''
5.2.2 16-18''
5.2.3 >18''
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drift Racing Wheels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Drift Racing Wheels Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drift Racing Wheels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drift Racing Wheels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Drift Racing Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Drift Racing Wheels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Drift Racing Wheels Market Size Forecast by Type
9.6.1 < 16''
9.6.2 16-18''
9.6.3 >18''
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Drift Racing Wheels Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Drift Racing Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Drift Racing Wheels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Drift Racing Wheels Market Size Forecast by Type
10.6.1 < 16''
10.6.2 16-18''
10.6.3 >18''
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Drift Racing Wheels Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Drift Racing Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drift Racing Wheels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Drift Racing Wheels Market Size Forecast by Type
11.6.1 < 16''
11.6.2 16-18''
11.6.3 >18''
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Drift Racing Wheels Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Drift Racing Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Drift Racing Wheels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Drift Racing Wheels Market Size Forecast by Type
12.6.1 < 16''
12.6.2 16-18''
12.6.3 >18''
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Drift Racing Wheels Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Drift Racing Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drift Racing Wheels Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Drift Racing Wheels Market Size Forecast by Type
13.6.1 < 16''
13.6.2 16-18''
13.6.3 >18''
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Drift Racing Wheels Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drift Racing Wheels Market: Competitive Dashboard
14.2 Global Drift Racing Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hankook Ventus
14.3.2 Enkei International
14.3.3 Yokomo
14.3.4 Nitto
14.3.5 Yokohama
14.3.6 Falken Azenis
14.3.7 Nankang
14.3.8 Westlake
14.3.9 Zestino
14.3.10 OZSpA
14.3.11 Hankook Ventus
14.3.12 KONIG
14.3.13 Sparco
14.3.14 Tamiya
14.3.15 MST
14.3.16 Firebrand
