Report overview
Magnesium Wheels are wheels manufactured from alloys which contain mostly magnesium.
This report aims to provide a comprehensive presentation of the global market for Magnesium Wheel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnesium Wheel. This report contains market size and forecasts of Magnesium Wheel in global, including the following market information:
Global Magnesium Wheel Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Magnesium Wheel Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Magnesium Wheel companies in 2022 (%)
The global Magnesium Wheel market was valued at US$ 21210 million in 2022 and is projected to reach US$ 25190 million by 2029, at a CAGR of 2.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Magnesium Wheels are produced either by casting (metalworking) (where molten metal is introduced into a mold, solidifying within the mold), or by forging (where a prefabricated bar is deformed mechanically). Magnesium has several key properties that make it an attractive base metal for wheels: lightness; a high damping capacity; and a high specific strength. Magnesium is the lightest metallic structural material available.It is 1.5 times less dense than aluminium, so magnesium wheels can be designed to be significantly lighter than aluminium alloy wheels, while exhibiting comparable strength.
We surveyed the Magnesium Wheel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Magnesium Wheel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Magnesium Wheel Market Segment Percentages, by Type, 2022 (%)
Cast Magnesium Wheel
Forged Magnesium Wheel
Others
Global Magnesium Wheel Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Magnesium Wheel Market Segment Percentages, by Application, 2022 (%)
Automotive
Aerospace
Military
Others
Global Magnesium Wheel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Magnesium Wheel Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Magnesium Wheel revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Magnesium Wheel revenues share in global market, 2022 (%)
Key companies Magnesium Wheel sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Magnesium Wheel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
SMW Engineering
MKW Alloy
BBS USA
PVM Brakes & Wheels Mannheim
APP Tech
Enkei Corporation
Marvic Wheels
Marchesini
OZ Group
Tan-ei-sya
Minilite
Washi Beam
Cromodora Wheels
Outline of Major Chapters:
Chapter 1: Introduces the definition of Magnesium Wheel, market overview.
Chapter 2: Global Magnesium Wheel market size in revenue and volume.
Chapter 3: Detailed analysis of Magnesium Wheel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Magnesium Wheel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Magnesium Wheel capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
