High performance wheels market is anticipated to secure commendable growth in the forthcoming years. Changing consumer lifestyle and rise in disposable income have influenced buyers to opt for premium vehicles over entry-level segments. This trend is vividly being speculated across emerging economies. As a matter of fact, in 2018, around 408,000 unit of premium compact segments were reported to be sold in India, way more than the sales of entry-level segments recorded the same year. 

High performance wheels market from 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.

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This along with the introduction of new vehicle segments is anticipated to foster high-performance wheels market growth in the coming years. Production of high-performance wheels significantly depends on raw material and energy costs. The product also requires advanced technologies and skilled labor to tailor. This evidentially makes high-performance wheels an expensive accessory. However, the product’s aesthetic look and lightweight feature is expected to encourage sales in the coming years. With an anticipated increase in product demand, Global Market Insights, Inc., suggests that high performance wheels market may touch USD 19.5 billion mark by the year 2026.   

As for regional landscape, developing countries such as Turkey and other GCC nations have shown a significant rise in demand for luxury, sport, and premium compact vehicles. This growth can be contributed to changing consumer trends in style and preference, and increasing disposable income. This has further influenced buyers to install high-performance rims to their premium vehicles. Availability of cheap natural gas and easy finance options may also play a crucial role in proliferating regional industry growth. Meanwhile, abundant accessibility to raw materials like magnesium and aluminum may foster the High Performance Wheels Market outlook across the aforementioned regions.

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. 

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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 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      Industry 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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