Magnesium Wheel Market Share, Size Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2024

Magnesium Wheel Market Share, Size Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2024

Press Release

The ‘Magnesium Wheel Market’ Report Added Recently By Market Study Report, Llc, Evaluates The Industry In Terms Of Market Size, Market Share, Revenue Estimation, And Geographical Outlook. The Study Also Delivers A Precise Summary That Illustrates The Competitive Milieu, Growth Opportunities And Application Landscape Of The Magnesium Wheel Market Depending On The Industry’s Financial And Non-Financial Impact.

 

Rising preference of automobile OEMs to lower vehicle weight for improving fuel efficiency along with lowering carbon emissions are driving the magnesium wheel market over the forecast timeframe. The benefits offered by these wheels including superior strength to weight ratio and lower weight with higher damping capacity are further supporting the product demand.

 

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Few of the major players in the magnesium wheel market includes MKW Alloy, BBS USA, Enkei Corporation, Marchesini, Marvic Wheels, OZ Group, and Cromodora Wheels. Industry participants are enhancing their market share by launching advanced new products. For instance, in November 2016, MKW?s brand RSR announced the launch of advanced light weight muscle car vehicle magnesium wheel. This newer product development is based on advanced technology one-piece forged magnesium.

 

Magnesium wheels offer enhanced thermal conductivity that enables easier heat dissipation compared to the traditional wheels. Additionally, these wheels offer smoother ride quality and softer cushioning capabilities, thereby contributing significantly toward improving the driving conditions in uneven and bad roads.

 

Governments across the globe are continuously encouraging the development of magnesium for usage in multiple automotive applications. For instance, in North America the Magnesium Vision 2020 project focuses on encouraging investments in R&D for developing durable and reliable magnesium materials for use in automotive applications. Additionally, the program also deals with the addressing of issues related to the corrosion, fastening, and fire related issues for magnesium.

 

OEMs will account for a significant volume share in the magnesium wheel market. This can be credited to the increasing investments by automobile manufacturers and industry players to incorporate magnesium wheels in their vehicle portfolio. Moreover, stringent government regulations require OEMs to invest in technologies for lowering vehicle weight to significantly improve efficiency and lower emissions, thereby supporting the segment share over the projected timeframe.

 

Repairs and replacements along with upgradation of existing car wheels with advanced magnesium wheels are boosting the revenue share over the study timeframe. Consumers also opt for specialized designs and customized tires depending on their requirements, thereby expanding their market size. Moreover, the improved aesthetics and improved performance offered by these wheels provides a positive outlook for the market share expansion.

 

The increasing adoption of forged magnesium wheels can be attributed to the benefits offered including stronger, stiffer, and lower weight wheel compared to the counterparts. Additionally, the forged magnesium wheels also minimize the occurrence of cracks and deformation under extreme pressure, thereby expanding the segment share over the projected timeframe.

 

Premium & sports cars will account for a significant revenue share in the magnesium wheel market share. This can be attributed to the rising focus of automobile OEMs to incorporate high end aspirational features in vehicles for increasing their market share. Moreover, the usage of magnesium wheels allows for significant performance improvements owing to enhanced power to weight ratio. Additionally, the superior damping and cushioning offered by such wheels improves ride quality considerably, thereby improving the segment share over the projected timeframe.

 

Asia Pacific magnesium wheel market will showcase significant growth over the study timeframe. Increasing purchasing power of citizens from economies including China, Thailand, Indonesia, and India will drive market. Increasing two wheelers sales across the region including bikes mostly from the youth customers are attracting several manufacturers to establish their plants in the region. Additionally, China is among the global leaders in the magnesium production and exporting magnesium to several countries including U.S. and Brazil.

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Report Content:

Chapter 1 Methodology & Scope

1.1 Research methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Scope, definitions, & forecast parameters

1.1.4.1 Definitions

1.1.4.2 Forecast parameters & considerations

1.1.5 Data Sources

1.1.5.1 Paid sources

1.1.5.2 Secondary Sources

1.1.5.3 Primary

Chapter 2 Executive Summary

2.1 Magnesium wheel industry 360 degree synopsis, 2013 – 2024

2.1.1 Business trends

2.1.2 Manufacturing trends

2.1.3 End-use trends

2.1.4 Vehicle trends

2.1.5 Regional trends

Chapter 3 Magnesium Wheel Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 – 2025

3.3 Industry ecosystem analysis

3.3.1 Raw material suppliers

3.3.2 Manufacturers

3.3.3 Profit margin trends

3.3.4 Distribution channel analysis

3.3.4.1 Dealerships

3.3.4.2 Distributors

3.3.4.3 E-commerce

3.3.5 End users

3.3.5.1 OEM

3.3.5.2 Aftermarket

3.3.6 Vendor matrix

3.4 Technology landscape

3.4.1 Forged magnesium 1- piece wheel

3.4.2 Friction stir process cast magnesium alloy wheel

3.4.3 Super magnesium alloys

3.5 Raw material analysis

3.6 Industry best practices and key buying criteria

3.6.1 Need recognition

3.6.2 Information search

3.6.3 Evaluation of alternatives

3.6.4 Purchase decision

3.6.5 Post purchase behaviour

3.7 Regulatory landscape

3.7.1 North America

3.7.1.1 U.S.

3.7.1.1.1Corporate average fuel economy (CAFE)

3.7.2 Europe

3.7.2.1 United Nations Economic Commission for Europe

3.7.2.2 International Automobile Federation (FIA)

3.7.3 Asia Pacific

3.7.3.1 China

3.7.3.2 Australia

3.8 Pricing analysis

3.8.1 Regional pricing

3.8.1.1 North America

3.8.1.2 Europe

3.8.1.3 APAC

3.8.1.4 Latin America

3.8.1.5 MEA

3.8.2 Cost structure analysis

3.9 Industry impact forces

3.9.1 Growth drivers

3.9.1.1 North America

3.9.1.1.1Increasing R&D activities for using magnesium in automotive applications

3.9.1.2 Europe

3.9.1.2.1Increasing demand for sports and premium cars

3.9.1.3 Asia Pacific

3.9.1.3.1Rising magnesium production along with increasing material export

3.9.1.4 Latin America

3.9.1.4.1Proliferating automotive manufacturing industry

3.9.1.5 Middle East & Africa

3.9.1.5.1Government initiatives for improving fuel economy and lower emissions

3.9.2 Industry pitfalls & challenges

3.9.2.1 High magnesium cost

3.9.2.2 Corrosion properties of magnesium alloys

3.10 Innovation & Sustainability

3.11 Global automotive wheel market outlook, 2018

3.11.1 Trends

3.11.2 Consumer requirements

3.11.3 Global automotive wheel market estimates & forecast, 2016 -2024

3.11.4 Business trends

3.12 Global automotive industry overview, 2013-2017:

3.12.1 Production & sales data

3.12.2 Automotive production, by country

3.13 Growth potential analysis, 2018

3.14 Competitive landscape

3.14.1 Global company market share analysis, 2018

3.14.2 Company performance analysis, 2018

3.14.3 Key stakeholders

3.14.4 Strategy dashboard

3.15 Porter’s analysis

3.16 PESTLE analysis

Chapter 4 Magnesium Wheel Market, By Manufacturing

4.1 Magnesium wheel market share by manufacturing, 2018 & 2024

4.2 Cast

4.2.1 Magnesium wheel market estimates and forecast from cast, 2013 – 2024, (Thousand Units) (USD Million)

4.2.2 Magnesium wheel market estimates & forecast from cast, by region, 2013-2024 (Thousand Units) (USD Million)

4.3 Forged

4.3.1 Magnesium wheel market estimates and forecast from forged, 2013 – 2024, (Thousand Units) (USD Million)

4.3.2 Magnesium wheel market estimates & forecast from forged, by region, 2013-2024 (Thousand Units) (USD Million)

Chapter 5 Magnesium Wheel Market, By End-Use

5.1 Magnesium wheel market share by end-use, 2018 & 2024

5.2 OEM

5.2.1 Magnesium wheel market estimates and forecast from OEM, 2013 – 2024, (Thousand Units) (USD Million)

5.2.2 Magnesium wheel market estimates & forecast from OEM, by region, 2013-2024 (Thousand Units) (USD Million)

5.3 Aftermarket

5.3.1 Magnesium wheel market estimates and forecast from aftermarket, 2013 – 2024, (Thousand Units) (USD Million)

5.3.2 Magnesium wheel market estimates & forecast from aftermarket, by region, 2013-2024 (Thousand Units) (USD Million)

Chapter 6 Magnesium Wheel Market, By Vehicle

6.1 Magnesium wheel market share by vehicle, 2018 & 2024

6.2 Bikes

6.2.1 Magnesium wheel market estimates and forecast from bikes, 2013 – 2024, (Thousand Units) (USD Million)

6.2.2 Magnesium wheel market estimates & forecast from bikes, by region, 2013-2024 (Thousand Units) (USD Million)

6.3 Premium/sports cars

6.3.1 Magnesium wheel market estimates and forecast from premium/ sports cars, 2013 – 2024, (Thousand Units) (USD Million)

6.3.2 Magnesium wheel market estimates & forecast from premium/ sports cars, by region, 2013-2024 (Thousand Units) (USD Million)

Chapter 7 Magnesium Wheel Market, By Region

7.1 Magnesium wheel market share by region, 2018 & 2024

7.2 North America

7.2.1 North America magnesium wheel market estimates & forecast, 2013 – 2024, (Thousand Units) (USD Million)

7.2.2 North America magnesium wheel market estimates & forecast, by manufacturing, 2013-2024, (Thousand Units) (USD Million)

7.2.3 North America magnesium wheel market estimates & forecast, by end-use, 2013-2024, (Thousand Units) (USD Million)

7.2.4 North America magnesium wheel market estimates & forecast, by vehicle, 2013-2024, (Thousand Units) (USD Million)

7.2.5 U.S.

7.2.5.1 U.S. magnesium wheel market estimates & forecast, 2013 – 2024, (Thousand Units) (USD Million)

7.2.5.2 U.S. magnesium wheel market estimates & forecast, by manufacturing, 2013-2024, (Thousand Units) (USD Million)

7.2.5.3 U.S. magnesium wheel market estimates & forecast, by end-use, 2013-2024, (Thousand Units) (USD Million)

7.2.5.4 U.S. magnesium wheel market estimates & forecast, by vehicle, 2013-2024, (Thousand Units) (USD Million)

7.2.6 Canada

7.2.6.1 Canada magnesium wheel market estimates & forecast, 2013 – 2024, (Thousand Units) (USD Million)

7.2.6.2 Canada magnesium wheel market estimates & forecast, by manufacturing, 2013-2024, (Thousand Units) (USD Million)

7.2.6.3 Canada magnesium wheel market estimates & forecast, by end-use, 2013-2024, (Thousand Units) (USD Million)

7.2.6.4 Canada magnesium wheel market estimates & forecast, by vehicle, 2013-2024, (Thousand Units) (USD Million)

7.3 Europe

7.3.1 Europe magnesium wheel market estimates & forecast, 2013 – 2024, (Thousand Units) (USD Million)

7.3.2 Europe magnesium wheel market estimates & forecast, by manufacturing, 2013-2024, (Thousand Units) (USD Million)

7.3.3 Europe magnesium wheel market estimates & forecast, by end-use, 2013-2024, (Thousand Units) (USD Million)

7.3.4 Europe magnesium wheel market estimates & forecast, by vehicle, 2013-2024, (Thousand Units) (USD Million)

7.3.5 Germany

7.3.5.1 Germany magnesium wheel market estimates & forecast, 2013 – 2024, (Thousand Units) (USD Million)

7.3.5.2 Germany magnesium wheel market estimates & forecast, by manufacturing, 2013-2024, (Thousand Units) (USD Million)

7.3.5.3 Germany magnesium wheel market estimates & forecast, by end-use, 2013-2024, (Thousand Units) (USD Million)

7.3.5.4 Germany magnesium wheel market estimates & forecast, by vehicle, 2013-2024, (Thousand Units) (USD Million)

7.3.6 UK

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