High Performance Wheel Market Report: Trends, Forecast and Competitive Analysis to 2030

High Performance Wheel Market Report: Trends, Forecast and Competitive Analysis to 2030

High Performance Wheel Trends and Forecast

The future of the global high performance wheel market looks promising with opportunities in the passenger car, lightweight commercial vehicle, heavy truck, bus and coach, trailer, motorcycle, and motorsport markets. The global high performance wheel market is expected to reach an estimated $39.1 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising adoption of high-performance wheels in premium and luxury vehicles, increasing focus on aesthetics and customization in automotive design, and growing demand for lightweight materials to enhance vehicle performance.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

High Performance Wheel by Segment

The study includes a forecast for the global high performance wheel by material type, vehicle type, application, and region.

High Performance Wheel Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Aluminum
• Steel
• Magnesium
• Carbon Fiber

High Performance Wheel Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Top End Luxury
• Mid-Level Luxury
• Others

High Performance Wheel Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Lightweight Commercial Vehicles
• Heavy Trucks
• Buses and Coaches
• Trailers
• Motorcycles
• Motorsports
• Others

High Performance Wheel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of High Performance Wheel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high performance wheel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high performance wheel companies profiled in this report include-

• Alcoa Wheels
• Iochpe-Maxion
• Carbon Revolution
• OZ
• RAYS
• Konig Wheels
• HRE Performance Wheels
• ALCAR Holding
• Konig Wheels
• Euromax Wheels

High Performance Wheel Market Insights

Lucintel forecasts that magnesium is expected to witness the highest growth over the forecast period.

Within this market, passenger car is expected to witness the highest growth over the forecast period.

Europe will remain the largest region over the forecast period.

Features of the Global High Performance Wheel Market

Market Size Estimates: High performance wheel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: High performance wheel market size by material type, vehicle type, application, and region in terms of value ($B).

Regional Analysis: High performance wheel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material types, vehicle types, applications, and regions for the high performance wheel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high performance wheel market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the high performance wheel market size?

Answer: The global high performance wheel market is expected to reach an estimated $39.1 billion by 2030.

Q2. What is the growth forecast for high performance wheel market?

Answer: The global high performance wheel market is expected to grow with a CAGR of 7.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the high performance wheel market?

Answer: The major drivers for this market are rising adoption of high-performance wheels in premium and luxury vehicles, increasing focus on aesthetics and customization in automotive design, and growing demand for lightweight materials to enhance vehicle performance.

Q4. What are the major segments for high performance wheel market?

Answer: The future of the high performance wheel market looks promising with opportunities in the passenger car, lightweight commercial vehicle, heavy truck, bus and coach, trailer, motorcycle, and motorsport markets.

Q5. Who are the key high performance wheel market companies?

Answer: Some of the key high performance wheel companies are as follows:

• Alcoa Wheels
• Iochpe-Maxion
• Carbon Revolution
• OZ
• RAYS
• Konig Wheels
• HRE Performance Wheels
• ALCAR Holding
• Konig Wheels
• Euromax Wheels

Q6. Which high performance wheel market segment will be the largest in future?

Answer: Lucintel forecasts that magnesium is expected to witness the highest growth over the forecast period.

Q7. In high performance wheel market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the high performance wheel market by material type (aluminum, steel, magnesium, and carbon fiber), vehicle type (top end luxury, mid-level luxury, and others), application (passenger cars, lightweight commercial vehicles, heavy trucks, buses and coaches, trailers, motorcycles, motorsports, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?