Global High Performance Wheels Market Price 2024, Forecast To 2033
8 Mar, 2024
The high-performance wheels market (4) grew from $20.59 billion in 2023 to $21.98 billion in 2024, with a CAGR of 6.8%, driven by demand for custom wheels. Forecasts predict growth to $27.61 billion by 2028, with a CAGR of 5.9%, led by luxury car sales. Trends include innovation in wheel solutions and sustainability.
Global High Performance Wheels Market Key Driver
The rise in respiratory disorders is driving the growth of the respules market. With chronic respiratory conditions accounting for a significant portion of deaths in Australia, there is a growing need for effective respiratory treatments.
Get A Free Sample Of The Global High Performance Wheels Market ReportGlobal High Performance Wheels Market Segments
The high performance wheels market covered in this report is segmented –
1) Product Type:Aluminum, Steel, Magnesium, Carbon Fiber
2) Coating:Painted, Polished, Chromed, Machined
3) Manufacturing Process:Gravity Casting, Low-Pressure Casting, High-Pressure Die Casting
4) Sales Channel:OEM (Original Equipment Manufacturer), Aftermarket
5) Application:Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses And Coaches, Trailers, Motorcycles, Motorsports
By Geography: The countries covered in the high performance wheels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Europe was the largest region in the high-performance wheels market in 2023. The regions covered in the high performance wheels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major High Performance Wheels Industry Players
Topy Industries Ltd.; Maxion Wheels GmbH; Accuride Corporation; Steel Strips Wheels Ltd.; Wheel Pros LLC; Alcoa Wheels; Weds Co. Ltd.; ALCAR Holding GmbH; SuperAlloy Industrial Co. Ltd.; Enkei Wheels Limited; Carbon Revolution Ltd.; OZ S.p.A; American Eagle Wheels; Forgeline Motorsports; HRE Performance Wheels; Vossen Wheels ; TSW Alloy Wheels; Raceline Wheels; Nutek Forged Wheels; RAYS Co. Ltd.; Ultra Wheels Inc.; CITIC Dicastal Co. Ltd.; Konig Wheels; Automotive Wheels Ltd.; Schott Wheels; Mubea Performance Wheels Gmbh; Euromax Wheels; Fikse Wheels; Green Manufacturing Inc.; Work Wheels USA.
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High Performance Wheels Market Overview
High-performance wheels are wheels that give superior braking than other wheels, are light in weight, compact, and have a very low likelihood of galvanic corrosion. They can lessen unsprang weight, lessening the unpleasant vibrations that vehicles experience. High-performance wheels improve a vehicle's fuel economy and performance due to their lightweight.