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The Global High Performance Wheels Market is expected to reach $23.44 billion by 2027 growing at a CAGR of 7.2% from 2020 to 2027. 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. The heavyweight of the vehicle results in a low fuel economy and higher emissions. Conventional vehicles account for the major share of air pollution globally. High performance wheels are generally used in aerodynamics, motorsports and in vehicles used for logistics. Factors such as reduced weight for superior braking, rising sale of luxury cars, and improved fuel efficiency are driving the growth of the market. However, expensive initial set up is restraining the growth of the market. Based on the material, the aluminum segment is going to have a lucrative growth during the forecast period which can be attributed to their high durability and strength unlike magnesium wheels. The key vendors mentioned are Accuride Corporation, ALCAR Holding, Alcoa Wheels, American Eagle Wheels Corporation, Automotive Wheels Ltd., BBS Kraftfahrzeugtechnik AG, Carbon Revolution, CiTiC Dicastal Wheel Manufacturing, Enkei Wheels, Euromax Wheels, Fikse Wheels, HRE Performance Wheels, Iochpe-Maxion, Konig Wheels and Nutek Forged Wheels. Materials Covered: • Aluminum • Carbon Fiber • Magnesium • Steel Vehicles Covered: • Entry-Level Luxury Segment • High-End Luxury • Luxury Sport Utility Vehicle (SUV)/Crossover • Mid-Size Luxury Segment • Motorcycles • Premium Compact Segment • Ultra Luxury Cars Applications Covered: • Buses & Coaches • Heavy Trucks • Lightweight Commercial Vehicles • Passenger Cars • Trailers End Users Covered: • Original Equipment Manufacturer (OEM) • Aftermarket Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global High Performance Wheels Market, By Material
5.1 Introduction
5.2 Aluminum
5.3 Carbon Fiber
5.4 Magnesium
5.5 Steel
6 Global High Performance Wheels Market, By Vehicle
6.1 Introduction
6.2 Entry-Level Luxury Segment
6.3 High-End Luxury
6.4 Luxury Sport Utility Vehicle (SUV)/Crossover
6.5 Mid-Size Luxury Segment
6.6 Motorcycles
6.7 Premium Compact Segment
6.8 Ultra Luxury Cars
7 Global High Performance Wheels Market, By Application
7.1 Introduction
7.2 Buses & Coaches
7.3 Heavy Trucks
7.4 Lightweight Commercial Vehicles
7.5 Passenger Cars
7.6 Trailers
8 Global High Performance Wheels Market, By End User
8.1 Introduction
8.2 Original Equipment Manufacturer (OEM)
8.3 Aftermarket
9 Global High Performance Wheels Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Accuride Corporation
11.2 ALCAR Holding
11.3 Alcoa Wheels
11.4 American Eagle Wheels Corporation
11.5 Automotive Wheels Ltd.
11.6 BBS Kraftfahrzeugtechnik AG
11.7 Carbon Revolution
11.8 CiTiC Dicastal Wheel Manufacturing
11.9 Enkei Wheels
11.10 Euromax Wheels
11.11 Fikse Wheels
11.12 HRE Performance Wheels
11.13 Iochpe-Maxion
11.14 Konig Wheels
11.15 Nutek Forged Wheels
List of Data Tables
1 Global High Performance Wheels Market Outlook, By Region (2019-2027) ($MN)
2 Global High Performance Wheels Market Outlook, By Material (2019-2027) ($MN)
3 Global High Performance Wheels Market Outlook, By Aluminum (2019-2027) ($MN)
4 Global High Performance Wheels Market Outlook, By Carbon Fiber (2019-2027) ($MN)
5 Global High Performance Wheels Market Outlook, By Magnesium (2019-2027) ($MN)
6 Global High Performance Wheels Market Outlook, By Steel (2019-2027) ($MN)
7 Global High Performance Wheels Market Outlook, By Vehicle (2019-2027) ($MN)
8 Global High Performance Wheels Market Outlook, By Entry-Level Luxury Segment (2019-2027) ($MN)
9 Global High Performance Wheels Market Outlook, By High-End Luxury (2019-2027) ($MN)
10 Global High Performance Wheels Market Outlook, By Luxury Sport Utility Vehicle (SUV)/Crossover (2019-2027) ($MN)
11 Global High Performance Wheels Market Outlook, By Mid-Size Luxury Segment (2019-2027) ($MN)
12 Global High Performance Wheels Market Outlook, By Motorcycles (2019-2027) ($MN)
13 Global High Performance Wheels Market Outlook, By Premium Compact Segment (2019-2027) ($MN)
14 Global High Performance Wheels Market Outlook, By Ultra Luxury Cars (2019-2027) ($MN)
15 Global High Performance Wheels Market Outlook, By Application (2019-2027) ($MN)
16 Global High Performance Wheels Market Outlook, By Buses & Coaches (2019-2027) ($MN)
17 Global High Performance Wheels Market Outlook, By Heavy Trucks (2019-2027) ($MN)
18 Global High Performance Wheels Market Outlook, By Lightweight Commercial Vehicles (2019-2027) ($MN)
19 Global High Performance Wheels Market Outlook, By Passenger Cars (2019-2027) ($MN)
20 Global High Performance Wheels Market Outlook, By Trailers (2019-2027) ($MN)
21 Global High Performance Wheels Market Outlook, By End User (2019-2027) ($MN)
22 Global High Performance Wheels Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2027) ($MN)
23 Global High Performance Wheels Market Outlook, By Aftermarket (2019-2027) ($MN)
24 North America High Performance Wheels Market Outlook, By Material (2019-2027) ($MN)
25 North America High Performance Wheels Market Outlook, By Vehicle (2019-2027) ($MN)
26 North America High Performance Wheels Market Outlook, By Application (2019-2027) ($MN)
27 North America High Performance Wheels Market Outlook, By End User (2019-2027) ($MN)
28 Europe High Performance Wheels Market Outlook, By Material (2019-2027) ($MN)
29 Europe High Performance Wheels Market Outlook, By Vehicle (2019-2027) ($MN)
30 Europe High Performance Wheels Market Outlook, By Application (2019-2027) ($MN)
31 Europe High Performance Wheels Market Outlook, By End User (2019-2027) ($MN)
32 Asia Pacific High Performance Wheels Market Outlook, By Material (2019-2027) ($MN)
33 Asia Pacific High Performance Wheels Market Outlook, By Vehicle (2019-2027) ($MN)
34 Asia Pacific High Performance Wheels Market Outlook, By Application (2019-2027) ($MN)
35 Asia Pacific High Performance Wheels Market Outlook, By End User (2019-2027) ($MN)
36 South America High Performance Wheels Market Outlook, By Material (2019-2027) ($MN)
37 South America High Performance Wheels Market Outlook, By Vehicle (2019-2027) ($MN)
38 South America High Performance Wheels Market Outlook, By Application (2019-2027) ($MN)
39 South America High Performance Wheels Market Outlook, By End User (2019-2027) ($MN)
40 Middle East & Africa High Performance Wheels Market Outlook, By Material (2019-2027) ($MN)
41 Middle East & Africa High Performance Wheels Market Outlook, By Vehicle (2019-2027) ($MN)
42 Middle East & Africa High Performance Wheels Market Outlook, By Application (2019-2027) ($MN)
43 Middle East & Africa High Performance Wheels Market Outlook, By End User (2019-2027) ($MN)