404
Magnesium Wheel Market Report
The Magnesium Wheel Market is Segmented by Manufacturing Type (Cast and Forged), by End-Use Type (OEM and Aftermarket), by Vehicle Type (Bikes and Premium/Sports Cars), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Magnesium Wheel Market is Segmented by Manufacturing Type (Cast and Forged), by End-Use Type (OEM and Aftermarket), by Vehicle Type (Bikes and Premium/Sports Cars), and by Region (North America, Europe, Asia-...
Enquiry Form
Jump Directly To:
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Magnesium Wheel Market is likely to witness a CAGR of 2.9% during the forecast period. The major factors such as increasing preference of automobile OEMs to lower vehicle weight to enhance fuel efficiency coupled with lowering carbon emissions, increasing disposable incomes, growing preference for personal green mobility solutions along with the growing demand for premium & sports cars and bikes is expected to fuel the growth of the market during the forecast period.
Magnesium Wheel Market - Snapshot |
|
Growth |
2.9% for the next five years |
Major Manufacturing Type |
Cast |
Major End-Use Type |
OEM |
Leading Vehicle Type |
Bikes |
Region with the highest demand |
Europe |
Key Players |
BBS USA, Cromodora Wheels S.P.A., Enkei Corporation, Marvic Wheels SRL, Minilite, MKW Alloy, PVM Brakes & Wheels Mannheim, Ronal Group, SMW Engineering Ltd., and Washi Beam. |
Wish to get a free sample? Register Here
Based on the manufacturing type, the market is segmented as cast and forged. The cast manufacturing type is projected to account for the major share of the market owing to its lower cost of production. Factors such as lower complexities in casting along with easier fabrication processes, and uniform grain structure coupled with the availability of multiple manufacturing processes are further expected to boost the growth of the segment during the forecast period.
On the other hand, the forged segment is estimated to witness significant growth rate in the market on account of its various advantages, such as higher tensile strength, capability to bear heavier loads as compared to cast products, and lower weight. These types of wheels are ideal for high-speed automotive applications, fueling the overall industry growth over the forecast period.
Based on the end-use type, the market is segmented as OEM and aftermarket. OEM is anticipated to account for the major share of the market on account of growing preferences of automobile manufacturers to incorporate high-end features in their vehicles to enhance their aspirational value. Moreover, enhanced quality of riding & comfort on uneven roads and excellent damping abilities are further expected to fuel the overall market growth during the forecast period. On the other hand, aftermarket is projected to witness significant growth rate owing to increasing consumer preferences for customizing their vehicles in the aftermarket during the forecast period.
Based on the vehicle type, the market is segmented as bikes and premium/sports cars. The bike vehicle type is estimated to register higher growth rate in the market on account of increasing traffic congestion and easier maneuverability across various cities & towns during the forecast period. Its light weighted wheel helps in enhancing the efficiency of bike and riding with ease and comfort, fueling the segment’s growth during the forecast period. Moreover, premium/sports car is projected to witness significant growth in the market during the forecast period owing to the growing demand for such cars with technologically-advanced properties, which results in an improved performance of the vehicle.
Regional Analysis
In terms of regions, Europe is estimated to be the leading region in the market owing to the presence of some of the key automobile manufacturers in the region, launching new and improvised vehicles to meet consumer’s demand during the forecast period. Moreover, Asia-Pacific is also estimated to witness significant growth in the market on account of increasing disposable income and growing preferences for personal mobility in the region over the forecast period. North America is also expected to offer substantial growth opportunities during the forecast period.
Know which region offers best growth opportunities. Register Here
Magnesium wheels are manufactured from alloys that primarily contain magnesium and offer smoother ride and softer cushioning, and also superior thermal conductivity which enables them for easier heat dissipation as compared to traditional wheels. There are two ways of manufacturing these wheels, first one is by casting process and another one is by forging process.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Magnesium Wheel Market Research Report - Features |
|
Market Segmentation |
4 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The magnesium wheel market is segmented into the following categories.
Want to know the most attractive market segments? Register Here
Some of the key players in the magnesium wheel market are-
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The magnesium wheel market is expected to witness an impressive growth of 2.9% CAGR in the foreseeable future.
BBS USA, Cromodora Wheels S.P.A., Enkei Corporation, Marvic Wheels SRL, Minilite, MKW Alloy, PVM Brakes & Wheels Mannheim, Ronal Group, SMW Engineering Ltd., and Washi Beam are among the key players in the magnesium wheel market.
Europe is expected to be the leading magnesium wheel market during the forecast period of 2021-26.
Bike vehicle type is expected to register higher growth in the magnesium wheel market in the coming five years.
Related Reports
Why are We Class Apart?
We Track Fast-Changing Market Dynamics for Clients
Our Intelligence is Powered by Industry Voice
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
We Serve Companies Across the Value Chain
Know High Growth Opportunities
Billing Information
404
We are sorry, Page not found!
The page you are looking for might have been removed had its name changed or is temporarily unavailable.
Back To HomepageMarket Research Reports | Consulting | Insights | Blog | Conferences | Careers | Subscribe | Sitemap | XML
Disclaimer | T&C - Privacy Policy | Cookies | Unsubscribe
© Copyright 2019 Stratview Research. Trademark of Radiant Offshore Consultancy LLP. All Rights Reserved.
Don't want insights worth $20,000 for free?
Give it a Thought!
We are offering insights worth more than $20,000 for Free! Only for registered users.
You will get access to :
Decision Makers / CXO Level Professionals from leading organizations have already started registering!
You can cancel your registration anytime with a single click