Market Overview:
The global high performance wheels market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.5% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The high performance wheels market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into aluminum, steel, magnesium and carbon fiber high performance wheels. Aluminum high performance wheels are expected to account for a major share in terms of revenue in 2018 owing to their properties such as light weight and corrosion resistance. However, carbon fiber high performance Wheels are anticipated to witness highest growth during the forecast period on account of increasing demand from luxury cars segments across different regions globally. On the basis of application, passenger cars accounted for majority share in 2017 and is projected to maintain its dominance during forecast period as well due rising demand for lightweight vehicles with enhanced fuel efficiency levels across different geographies globally .Lightweight commercial vehicles are expected grow at highest CAGR over next few years owing increasing adoption among fleet operators for reducing fuel consumption levels .Heavy trucks , buses & coaches , trailers segments collectively accounted for around one-third share in 2017and are anticipated exhibit moderate growth rates over next few years .
Product Definition:
A high performance wheel is a wheel that is designed for better handling and braking. They are typically made from lightweight materials like aluminum or magnesium and have a design that allows for better air flow. This helps to keep the wheels cooler, which improves braking and handling. High performance wheels also typically have a wider rim width, which provides more grip in corners.
Aluminum:
Aluminum is a metal, its main properties are high strength and lightweight. It also has the ability to reduce the overall weight of vehicles and improve fuel efficiency. These factors make it one of the most important metals in modern day automobiles. The automotive industry uses aluminum for producing vehicle parts such as engine blocks, cylinder heads, brake systems, transmission housings & gearboxes along with many other components that make up an automobile including drive shafts and suspension bushings.
Steel:
The steel is a alloy of iron and carbon with specific properties that are used in the manufacturing of wheels. The material has high tensile strength, ductility, hardness, malleability and corrosion resistance. It also has low thermal expansion property which makes it suitable for use in the manufacturing of wheel components.
The performance wheel market is segmented on the basis of application into two broad categories namely automotive and non-automotive applications.
Application Insights:
Passenger cars was the largest segment in 2017 and will continue to dominate the market over the forecast period. The growth of this segment is attributed to increasing sales of passenger cars, especially in developing countries like India and China. In addition, stringent government regulations for reducing vehicular emissions are expected to drive demand for high performance wheels from 2018 to 2030.
The lightweight commercial vehicles segment is anticipated register significant growth over the forecast period owing to rising demand for trucks with low environmental impact. Furthermore, growing popularity of ¢â‚¬Ëœwork trucks¢â‚¬â„¢ is expected fuel industry expansion which will further augment product demand during the estimated time span.
Trailers application segment accounted for a share lower than that of other segments owingto its limited usage compared with other applications such as heavy trucks.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to stringent regulations by the European government regarding fuel consumption. Europe has a large number of high-performance vehicles on account of its rich automotive heritage and this factor is anticipated to have a positive impact on regional growth over the next eight years.
Asia Pacific is projected to be one of the fastest growing regions from 2018 to 2030 due, inter alia,to increasing automobile production and sales in countries such as China, India and Japan coupled with rising disposable income among consumers. Moreover, governments across various Asia Pacific countries are taking initiatives for improving road infrastructure which will further boost regional demand for high performance wheels during the forecast period.
Growth Factors:
- Increasing demand for luxury and performance cars
- Rising disposable income of consumers in developing countries
- Technological advancements in wheel manufacturing processes
- Growing popularity of sports and racing events
- Increasing number of automotive enthusiasts
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Wheels Market Research Report
By Type
Aluminum, Steel, Magnesium, Carbon Fiber
By Application
Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers
By Companies
Fikse, ALCAR Group, OZ, BBS, HRE Performance Wheels, Weds Wheels, Vossen Wheels, American Eagle Wheels, Gram Lights, Konig Wheels, Fikse, Wheelpros, Automotive Wheels, Enkei Wheels, Carbon Revolution
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Wheels Market Report Segments:
The global High Performance Wheels market is segmented on the basis of:
Types
Aluminum, Steel, Magnesium, Carbon Fiber
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
Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers
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:
- Fikse
- ALCAR Group
- OZ
- BBS
- HRE Performance Wheels
- Weds Wheels
- Vossen Wheels
- American Eagle Wheels
- Gram Lights
- Konig Wheels
- Fikse
- Wheelpros
- Automotive Wheels
- Enkei Wheels
- Carbon Revolution
Highlights of The High Performance 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:
- Aluminum
- Steel
- Magnesium
- Carbon Fiber
- By Application:
- Passenger Cars
- Lightweight Commercial Vehicles
- Heavy Trucks
- Buses & Coaches
- Trailers
- 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 High Performance 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
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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?
High performance wheels are designed to provide a higher level of performance than standard wheels. They may be made from a variety of materials, including aluminum, carbon fiber, and titanium. They may also feature a variety of design features, such as wider rim sizes or more aggressive tread patterns.
Some of the major companies in the high performance wheels market are Fikse, ALCAR Group, OZ, BBS, HRE Performance Wheels, Weds Wheels, Vossen Wheels, American Eagle Wheels, Gram Lights, Konig Wheels, Fikse, Wheelpros, Automotive Wheels, Enkei Wheels, Carbon Revolution.
The high performance wheels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Performance 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 High Performance Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Performance 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 High Performance 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 High Performance Wheels Market Size & Forecast, 2018-2028
4.5.1 High Performance Wheels Market Size and Y-o-Y Growth
4.5.2 High Performance Wheels Market Absolute $ Opportunity
Chapter 5 Global High Performance 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 High Performance Wheels Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Steel
5.2.3 Magnesium
5.2.4 Carbon Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Performance 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 High Performance Wheels Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Lightweight Commercial Vehicles
6.2.3 Heavy Trucks
6.2.4 Buses & Coaches
6.2.5 Trailers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Performance 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 High Performance 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 High Performance Wheels Analysis and Forecast
9.1 Introduction
9.2 North America High Performance 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 High Performance Wheels Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Steel
9.6.3 Magnesium
9.6.4 Carbon Fiber
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 High Performance Wheels Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Lightweight Commercial Vehicles
9.10.3 Heavy Trucks
9.10.4 Buses & Coaches
9.10.5 Trailers
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 High Performance Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe High Performance 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 High Performance Wheels Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Steel
10.6.3 Magnesium
10.6.4 Carbon Fiber
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 High Performance Wheels Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Lightweight Commercial Vehicles
10.10.3 Heavy Trucks
10.10.4 Buses & Coaches
10.10.5 Trailers
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 High Performance Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Performance 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 High Performance Wheels Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Steel
11.6.3 Magnesium
11.6.4 Carbon Fiber
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 High Performance Wheels Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Lightweight Commercial Vehicles
11.10.3 Heavy Trucks
11.10.4 Buses & Coaches
11.10.5 Trailers
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 High Performance Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America High Performance 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 High Performance Wheels Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Steel
12.6.3 Magnesium
12.6.4 Carbon Fiber
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 High Performance Wheels Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Lightweight Commercial Vehicles
12.10.3 Heavy Trucks
12.10.4 Buses & Coaches
12.10.5 Trailers
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) High Performance Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Performance 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) High Performance Wheels Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Steel
13.6.3 Magnesium
13.6.4 Carbon Fiber
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) High Performance Wheels Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Lightweight Commercial Vehicles
13.10.3 Heavy Trucks
13.10.4 Buses & Coaches
13.10.5 Trailers
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 High Performance Wheels Market: Competitive Dashboard
14.2 Global High Performance Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fikse
14.3.2 ALCAR Group
14.3.3 OZ
14.3.4 BBS
14.3.5 HRE Performance Wheels
14.3.6 Weds Wheels
14.3.7 Vossen Wheels
14.3.8 American Eagle Wheels
14.3.9 Gram Lights
14.3.10 Konig Wheels
14.3.11 Fikse
14.3.12 Wheelpros
14.3.13 Automotive Wheels
14.3.14 Enkei Wheels
14.3.15 Carbon Revolution
