The High performance wheels market is set to grow from its current market value of more than 13 billion to over 19.55 billion. Growing demand for premium vehicles and strong economic growth and development in various regions including GCC countries and Turkey on account of increased purchasing powers of consumers is likely to render positive impact on the market. Raw materials such as aluminum and magnesium which are required to manufacture automotive wheels are abundantly available across the globe.

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The aftermarket replacement segment has witnessed a steady growth over the past few years. Growing instance of insurance reimbursement for accidental vehicles would act as a major driver for segment growth. Apparently, insurance claims cannot be made on original parts. This would urge consumers to opt for aftermarket products to fulfill their vehicular requirements.

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 industry size.

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.

In the U.S., initiatives to develop passenger and commercial vehicles may boost high-performance wheels market size. Citing an instance, in 2016, U.S. Energy Department revealed that it has allotted USD 137 million for investing in passenger and commercial automobiles. Such initiatives would likely generate new opportunities for product development.

Currently, the High Performance Wheels Market consist of key players namely Iochpe-Maxion, OZ S.p.A, Konig Wheels, Carbon Revolution, HRE Performance Wheels, Alcoa Wheels, Konig Wheels, Euromax Wheels, BBS ALCAR Holding among others. Manufacturers have recognized the importance of aesthetics and performance in their product offerings. They are also seemingly striving to enhance their portfolio by opting for new designs and looks. Taking November 2016 for instance, KMC Wheels and Wheel Pros LLC release Rockstar III which enables drivers to modify their wheels with off shelf accessories. Thus, with new product launches and increasing production capacity, High Performance Wheels Market is anticipated to secure commendable growth in the forthcoming years.

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Partial Chapter of the Table of Content

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 high performance wheels market estimates & forecast from premium compact segment, by region, 2016-2026

5.3    Entry-level luxury segment

5.3.1    Global market estimates & forecast from entry-level luxury segment, 2016-2026

5.3.2    Global high performance wheels market estimates & forecast from entry-level luxury segment, by region, 2016-2026

5.4    Mid-size luxury segment

1      Industry segmentation

FIG. 2      Global high-performance wheels volume and revenue, (Million Units) (USD Million), 2018 - 2026

FIG. 3      High performance wheels market ecosystem analysis

FIG. 4      Average Regional Pricing, 2016-2026 (Per Piece)

FIG. 5      Cost structure analysis, 2018

FIG. 6      Labor compensation cost, 2018 (USDhour)

FIG. 7      Growth potential analysis

FIG. 8      Porter’s analysis

FIG. 9      Global company market share analysis, 2018

FIG. 10    PESTEL analysis

FIG. 11    High performance wheels market volume share by material, 2018 & 2026

FIG. 12    High performance wheels volume share by vehicle, 2018 & 2026

FIG. 13    High performance wheels volume share by end-use, 2018 & 2026

FIG. 14    High performance wheels market volume share by region, 2018 & 2026

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