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High Performance Wheels Market Report 2026| Fikse Wheels, Konig Wheels, United Wheels Group, SuperAlloy Industrial Company Ltd., Weds Co. Ltd., Performance Wheels Australia, BBS Kraftfahrzeugtechnik AG, Alcoa Wheels, Accuride Corporation., Topy Industries

06-10-2020 05:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

High Performance Wheels Market

High Performance Wheels Market

Global high performance wheels market will hit US$19.5 billion by 2026. For instance, Wheel Pros LLC had launched the upgraded version of the KMC Wheels Rockstar, called the Rockstar III which enables customers to customize their wheels based on their needs and preferences using off-shelf accessories.

Wheels are generally not considered cost-effective until they achieve more than 65% capacity utilization. Manufacturing of high performance wheels is not labor exhaustive. However, raw materials and energy costs constitute a significant fraction of the overall manufacturing cost. Weight reduction is an excellent way to cut costs and boost performance of automotive wheels.

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Global high performance wheels market forecast will be majorly driven by robust demand for premium vehicles around the world. Aesthetics and performance are the two most crucial factors defining automotive wheels. Manufacturers are introducing newer, more efficient range of products with superior designs, innovative new looks and best-in-class quality.

Wheels are generally not considered cost-effective until they achieve more than 65% capacity utilization. Manufacturing of high performance wheels is not labor exhaustive. However, raw materials and energy costs constitute a significant fraction of the overall manufacturing cost. Weight reduction is an excellent way to cut costs and boost performance of automotive wheels.
Implementation of more light-weight wheels in turn increases transport costs which becomes a critical factor to be considered especially while transporting over long distances. The overall investment cost in production of high performance wheels is not high but still quite significant.
Increased focus to achieve weight reduction and enhancing the aesthetic appeal of vehicles will positively impact high performance wheels market.
There is a strong demand for premium compact vehicles as well as sports and luxury cars especially from emerging markets. Consequently, the demand and adoption of high performance wheels and their consumption per vehicle has significantly increased mainly due to shifting consumer preferences towards latest style trends.

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Regions such as the Middle-East and Africa (MEA), which are extremely important markets for high performance wheels, have witnessed slowing economic growth in recent times. However, favorable initiatives and efforts from the government to develop the private sector is expected to stabilize the economy up to certain extent, which should augment the market share over the analysis timeline.

Some Point from Table of Contents:
Chapter 4 High Performance Wheels Market, By Material
4.1 Global high performance wheels volume share by material, 2018 & 2026
4.2 Aluminum
4.2.1 Global aluminum high performance wheels industry estimates & forecast, 2016 - 2026
4.2.2 Global aluminum market estimates & forecast by region, 2016 - 2026
4.3 Steel
4.3.1 Global steel market estimates & forecast, 2016 - 2026
4.3.2 Global steel market estimates & forecast by region, 2016 - 2026
4.4 Magnesium
4.4.1 Global magnesium market estimates & forecast, 2016 - 2026
4.4.2 Global magnesium market estimates & forecast by region, 2016 - 2026
4.5 Carbon fibre
4.5.1 Global carbon fibre market estimates & forecast, 2016 - 2026
4.5.2 Global carbon fibre high performance wheels market estimates & forecast by region, 2016 - 2026
Chapter 5 High Performance Wheels Market, By Vehicle
5.1 Global high performance wheels volume share by vehicle, 2018 & 2026
5.2 Premium compact segment
5.2.1 Global market estimates & forecast from premium compact segment, 2016 - 2026
5.2.2 Global market estimates & forecast from premium compact segment, by region, 2016 - 2026
5.3 Entry-level luxury segment
5.3.1 Global h market estimates & forecast from entry-level luxury segment, 2016 - 2026
5.3.2 Global market estimates & forecast from entry-level luxury segment, by region, 2016 - 2026
5.4 Mid-size luxury segment
5.4.1 Global high performance wheels market estimates & forecast from mid-size luxury segment, 2016 - 2026

Browse complete Table of Contents (ToC) of this research report @
https://www.decresearch.com/toc/detail/high-performance-wheels-market

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