Global High Performance Wheels Market Growth 2023-2029

Global High Performance Wheels Market Growth 2023-2029

High performance wheels are those which are lighter, compact and less prone to galvanic corrosion. High performance wheels provide reduced unsprung weight that reduces unpleasant vibrations of the vehicle. Designing of super structural wheels tends to show significant gain in the market as they absorb impacts and soak up the off-road impacts and bumps. Ideal wheel rim dimensions guarantees improved air flow which provides smooth braking systems. High performance wheels are generally used in aerodynamics, motorsports and in vehicles used for logistics. There is increase in adoption of technologically advanced and luxurious vehicles among consumers. This is contributing to rising demand of high performance wheels.

LPI (LP Information)' newest research report, the “High Performance Wheels Industry Forecast” looks at past sales and reviews total world High Performance Wheels sales in 2022, providing a comprehensive analysis by region and market sector of projected High Performance Wheels sales for 2023 through 2029. With High Performance Wheels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Performance Wheels industry.

This Insight Report provides a comprehensive analysis of the global High Performance Wheels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Performance Wheels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Performance Wheels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Performance Wheels and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Performance Wheels.

The global High Performance Wheels market size is projected to grow from US$ 11050 million in 2022 to US$ 13640 million in 2029; it is expected to grow at a CAGR of 13640 from 2023 to 2029.

First of all, major drivers for high performance wheels market include government support, people preference for high performance wheels, weight reduction technical development. Currently, technical advance lead to the automobile industry size and get support from government. In addition, there is increasing demand for this product because of its property such as lightweight and help improve fuel efficiency, handling and ride performance. Second, Asia Pacific dominates the market and is expected to witness an `increase in the following year on account of rapid automotive industry expansion, cheap labor and extensive raw material. North America high performance wheels market is expected to witness substantial growth due to increasing sports car production, developing the economic condition and facility expansion.

This report presents a comprehensive overview, market shares, and growth opportunities of High Performance Wheels market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Aluminum
Steel
Magnesium
Carbon Fiber

Segmentation by application
Passenger Cars
Lightweight Commercial Vehicles
Heavy Trucks
Buses & Coaches
Trailers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Fikse
ALCAR Group
OZ
BBS
HRE Performance Wheels
Weds Wheels
Vossen Wheels
American Eagle Wheels
Gram Lights
Konig Wheels
RAYS
Wheelpros
Automotive Wheels
Enkei Wheels
Carbon Revolution

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Performance Wheels market?

What factors are driving High Performance Wheels market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Performance Wheels market opportunities vary by end market size?

How does High Performance Wheels break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.