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High Performance Wheel Market, By Material (Aluminium, Steel, Carbon Fiber, and Magnesium), By Vehicle (Sedan and SUV) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

101 Pages | Published Date : 09 / 01 / 17  | Report Code: AV154 | Report Format: PDF

REPORT HIGHLIGHT

The high performance wheel market was valued at USD XX billion by 2017, growing with XX% CAGR during the forecast period, 2018-2025

Market Dynamics

High performance wheels are the ones that are used in sports cars and luxury cars. The growing demand for luxury vehicles, sports cars and premium compact vehicles will boost the growth of the industry. The change in automotive trends towards vehicle personalization, fuel efficiency, and weight reduction will drive the growth of the high-performance tire market. The increasing demand of original equipment manufacturers (OEMs) due to the increase in global automotive production will drive the growth of the industry.

The need to improve acceleration and the soft break system particularly in the sports car has supported the penetration of the product. Superior strength, low weight and improved visual appeal are the key properties that stimulate the demand for high performance wheels.

The product has been able to penetrate the market by virtue of better wheel designs, improved aerodynamics, and superior material quality.  The optimal dimensions of the wheel rim are perfect to ensure better airflow and improve the soft brake system. Moreover, the use of high quality material like carbon fiber brings about fuel efficiency, weight reduction, and better handling. Costly raw material and production process are few restraints for this industry growth.

Material Takeaway

On the basis of material, the market is divided into aluminium, steel, carbon fiber, and magnesium. Aluminium market is project to enjoy a sky-rocket growth till 2025. Credit of this growth goes to favourable aluminium properties like low density, lightness, corrosion resistance, and malleability. In addition, appealing appearance of this material has given it the desired boost. Carbon fiber will also pick up the pace because of its strength and light weight. With a focus on lightweight materials especially in the manufacturing of sports and formula cars will bring the boom in carbon fiber material.

Vehicle Takeaway

On the basis of vehicle, the market is segmented into Sedan and SUV. Among these two, Sedan has captured the market by taking highest revenue. Change in living standard and demand of luxury vehicles will propel this market in near future. The rise in the demand for luxury vehicles along with technological advancements in the models of contemporary vehicles will facilitate the rise in industry demand. Changing trends in lifestyle and vehicle style along with shifting preference for safety and comfort will provide impetus to the product development.

Regional Takeaway

Europe accounted for the significant revenue share. In Europe, the increased use of premium vehicles along with the favorable government initiatives to promote light vehicles are the key factors that improve product penetration. The recovery of the economic recession has also improved the stability of Europe’s auto industry.

Technological advancements, strong presence of manufacturers and the easy availability of raw material are the key factors that support the industry development in North America. The strict emission protocols that promote the reduction of vehicle weight and the improvement of fuel efficiency will activate regional demand in the U.S., supporting the regional growth.

Wide availability of resources coupled with rising manufacturing facilities, especially in China and India, will boost the growth of the industry in Asia Pacific region. Increasing demand for luxury cars and supercars have further fostered the penetration of the product.

Key Vendor Takeaway

ALCAR Group, Carbon Revolution, Steel Strips Limited, OZ S.p.A, Mandrus Company, Nutek Forged, Topy Industries Ltd., Euromax and Accuride Corporation are some of the key vendors of this market. For global market expansion, key players like BBS Kraftfahrzeugtechnik AG, United Group, Konig, and Enkei are emphasizing more on product innovation and portfolio expansion.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY MATERIAL

  • Aluminium
  • Carbon Fiber
  • Steel
  • Magnesium

MARKET, BY VEHICLE

  • Sedan
  • SUV

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. HIGH PERFORMANCE WHEEL MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Vehicle
2.1.2. Market Snippet by Material
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. HIGH PERFORMANCE WHEEL KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. HIGH PERFORMANCE WHEEL INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. HIGH PERFORMANCE WHEEL MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. HIGH PERFORMANCE WHEEL MARKET – BY VEHICLE
6.1. Overview
6.1.1. Segment Share Analysis, By Vehicle, 2017 & 2025 (%)
6.2. Sedan
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. SUV
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. HIGH PERFORMANCE WHEEL MARKET – BY MATERIAL
7.1. Overview
7.1.1. Segment Share Analysis, By Material, 2017 & 2025 (%)
7.2. Aluminium
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Carbon Fiber
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Steel
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Magnesium
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. HIGH PERFORMANCE WHEEL MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Vehicle, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Vehicle, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.3.6. France
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Vehicle, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.4.6. China
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Key Manufacturers in Rest of the World
8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Rest of the World Market Size and Forecast, By Vehicle, 2014 – 2025 (US$ Million)
8.5.5. Rest of the World Market Size and Forecast, By Material, 2014 – 2025 (US$ Million)
8.5.6. Latin America
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. ALCAR Group
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Carbon Revolution
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Steel Strips Limited
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. OZ S.p.A
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Mandrus Company
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Nutek Forged
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Topy Industries Ltd.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Euromax
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Accuride Corporation
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us

List of Tables
TABLE List of data Vehicles
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE High Performance Wheel market: Vehicle snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Vehicle
TABLE Global High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE High Performance Wheel market: Material snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Material
TABLE Global High Performance Wheel market, by Material 2014-2025 (USD Million)
TABLE High Performance Wheel market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global High Performance Wheel market, by region 2014-2025 (USD Million)
TABLE North America High Performance Wheel market, by country, 2014-2025 (USD Million)
TABLE North America High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE North America High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE U.S. High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE U.S. High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Canada High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Canada High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Europe High Performance Wheel market, by country, 2014-2025 (USD Million)
TABLE Europe High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Europe High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Germany High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Germany High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE U.K. High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE U.K. High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Rest of the Europe High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Rest of the Europe High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Asia Pacific High Performance Wheel market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Asia Pacific High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Japan High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Japan High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE China High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE China High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Rest of the World High Performance Wheel market, by country, 2014-2025 (USD Million)
TABLE Rest of the World High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Rest of the World High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Latin America High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Latin America High Performance Wheel market, by Material, 2014-2025 (USD Million)
TABLE Middle East and Africa High Performance Wheel market, by Vehicle, 2014-2025 (USD Million)
TABLE Middle East and Africa High Performance Wheel market, by Material, 2014-2025 (USD Million)

List of Figures
FIGURE High Performance Wheel market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Vehicle segment market share analysis, 2017 & 2025
FIGURE Vehicle segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Sedan market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE SUV market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Material segment market share analysis, 2017 & 2025
FIGURE Material segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Aluminium market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Carbon Fibers market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Steel market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Magnesium market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America High Performance Wheel market share and leading players, 2018
FIGURE Europe High Performance Wheel market share and leading players, 2018
FIGURE Asia Pacific High Performance Wheel market share and leading players, 2018
FIGURE Latin America High Performance Wheel market share and leading players, 2018
FIGURE Middle East and Africa High Performance Wheel market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Vehicle launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Vehicle developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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