The global High Performance Wheels market was valued at US$ 11620 million in 2022 and is projected to reach US$ 14120 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global High Performance Wheels market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global High Performance Wheels market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global High Performance Wheels market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
High performance wheels are those which are lighter, compact and less prone to galvanic corrosion. High performance wheels provide reduced unsprung weight that reduces unpleasant vibrations of the vehicle. Designing of super structural wheels tends to show significant gain in the market as they absorb impacts and soak up the off-road impacts and bumps. Ideal wheel rim dimensions guarantees improved air flow which provides smooth braking systems. High performance wheels are generally used in aerodynamics, motorsports and in vehicles used for logistics. There is increase in adoption of technologically advanced and luxurious vehicles among consumers. This is contributing to rising demand of high performance wheels.
This report aims to provide a comprehensive presentation of the global market for High Performance Wheels, 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 High Performance Wheels. This report contains market size and forecasts of High Performance Wheels in global, including the following market information:
- Global High Performance Wheels Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global High Performance Wheels Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five High Performance Wheels companies in 2022 (%)
First of all, major drivers for high performance wheels market include government support, people preference for high performance wheels, weight reduction technical development. Currently, technical advance lead to the automobile industry size and get support from government. In addition, there is increasing demand for this product because of its property such as lightweight and help improve fuel efficiency, handling and ride performance. Second, Asia Pacific dominates the market and is expected to witness an `increase in the following year on account of rapid automotive industry expansion, cheap labor and extensive raw material. North America high performance wheels market is expected to witness substantial growth due to increasing sports car production, developing the economic condition and facility expansion.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the High Performance Wheels 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 High Performance Wheels Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global High Performance Wheels Market Segment Percentages, by Type, 2022 (%)
- Aluminum
- Steel
- Magnesium
- Carbon Fiber
Global High Performance Wheels Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global High Performance Wheels Market Segment Percentages, by Application, 2022 (%)
- Passenger Cars
- Lightweight Commercial Vehicles
- Heavy Trucks
- Buses & Coaches
- Trailers
Global High Performance Wheels Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global High Performance Wheels Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies High Performance Wheels revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies High Performance Wheels revenues share in global market, 2022 (%)
- Key companies High Performance Wheels sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies High Performance Wheels sales share in global market, 2022 (%)
key players include:
- Fikse
- ALCAR Group
- OZ
- BBS
- HRE Performance Wheels
- Weds Wheels
- Vossen Wheels
- American Eagle Wheels
- Gram Lights
- Konig Wheels
- RAYS
- Wheelpros
- Automotive Wheels
- Enkei Wheels
- Carbon Revolution
Outline of Major Chapters:
Chapter 1: Introduces the definition of High Performance Wheels, market overview.
Chapter 2: Global High Performance Wheels market size in revenue and volume.
Chapter 3: Detailed analysis of High Performance Wheels 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 High Performance Wheels 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 High Performance Wheels 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.
