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Global Magnesium Wheels Market Report By Manufacturing (Cast, Forged), By End Use (Aftersales, OEM), By Vehicle (Bike, Sports/Premium Cars) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11214151
April 2021
Report Formats:
The global demand for Magnesium Wheels Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Magnesium wheels, also referred to as mag wheels, are lightweight wheels made of magnesium alloy. These wheels are used in all competitive racing vehicles since they provide a better strength/weight ratio than other alloys. They are also good at dissipating the energy of vibrations and possess a high damping capacity. Other notable advantages of these wheels are better tire grip, increased durability of tires, more comfortable handling of the vehicle during emergency braking, better fuel efficiency, extended tire lifetime, and reduced overall vehicle mass. These mag wheels are finding their place in the consumer automotive market to enhance the appearance of one's favorite vehicle.
Market Dynamics
The rising popularity of automotive racing worldwide is the critical trend favoring the magnesium wheels market's growth. The growing prominence of luxury cars with better maneuverability and stability and the increasing preferences for premium sports bikes and cars among the urban population will significantly fuel this market's development. The significant improvements in magnesium wheels qualities due to technology and engineering advancements will benefit market growth. These wheels are trendy and an efficient choice in the aviation sector due to their anti-corrosion properties and extended life cycle. The main barriers to the development of this market are susceptibility to corrosion and higher costs.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of magnesium wheels. The growth and trends of magnesium wheels industry provide a holistic approach to this study.
Market Segmentation
This section of the magnesium wheels market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Manufacturing
This section covers the regional outlook, which accentuates current and future demand for the Magnesium Wheels market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Magnesium Wheels Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnesium wheels market include BBS USA, Cromodora Wheels SPA, Enkei Corporation, Marvic Wheels SRL, Minilite, MKW Alloy, PVM Brakes & Wheels Mannheim, Ronal Group, SMW Engineering Ltd., Tan-ei-sya Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
Magnesium wheels, also referred to as mag wheels, are lightweight wheels made of magnesium alloy. These wheels are used in all competitive racing vehicles since they provide a better strength/weight ratio than other alloys. They are also good at dissipating the energy of vibrations and possess a high damping capacity. Other notable advantages of these wheels are better tire grip, increased durability of tires, more comfortable handling of the vehicle during emergency braking, better fuel efficiency, extended tire lifetime, and reduced overall vehicle mass. These mag wheels are finding their place in the consumer automotive market to enhance the appearance of one's favorite vehicle.
Market Dynamics
The rising popularity of automotive racing worldwide is the critical trend favoring the magnesium wheels market's growth. The growing prominence of luxury cars with better maneuverability and stability and the increasing preferences for premium sports bikes and cars among the urban population will significantly fuel this market's development. The significant improvements in magnesium wheels qualities due to technology and engineering advancements will benefit market growth. These wheels are trendy and an efficient choice in the aviation sector due to their anti-corrosion properties and extended life cycle. The main barriers to the development of this market are susceptibility to corrosion and higher costs.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of magnesium wheels. The growth and trends of magnesium wheels industry provide a holistic approach to this study.
Market Segmentation
This section of the magnesium wheels market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Manufacturing
- Cast
- Forged
- Aftersales
- OEM
- Bike
- Sports/Premium Cars
This section covers the regional outlook, which accentuates current and future demand for the Magnesium Wheels market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Magnesium Wheels Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnesium wheels market include BBS USA, Cromodora Wheels SPA, Enkei Corporation, Marvic Wheels SRL, Minilite, MKW Alloy, PVM Brakes & Wheels Mannheim, Ronal Group, SMW Engineering Ltd., Tan-ei-sya Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . MAGNESIUM WHEELS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Manufacturing
3.7.2 By End Use
3.7.3 By Vehicle
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL MAGNESIUM WHEELS MARKET ANALYSIS BY MANUFACTURING
6.1 Overview by Manufacturing
6.2 Historical and Forecast Data
6.3 Analysis by Manufacturing
6.4 Cast Market by Regions
6.5 Forged Market by Regions
7 . GLOBAL MAGNESIUM WHEELS MARKET ANALYSIS BY END USE
7.1 Overview by End Use
7.2 Historical and Forecast Data
7.3 Analysis by End Use
7.4 Aftersales Market by Regions
7.5 OEM Market by Regions
8 . GLOBAL MAGNESIUM WHEELS MARKET ANALYSIS BY VEHICLE
8.1 Overview by Vehicle
8.2 Historical and Forecast Data
8.3 Analysis by Vehicle
8.4 Bike Market by Regions
8.5 Sports/Premium Cars Market by Regions
9 . GLOBAL MAGNESIUM WHEELS MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE MAGNESIUM WHEELS COMPANIES
10.1. Magnesium Wheels Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF MAGNESIUM WHEELS INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. BBS USA
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. Cromodora Wheels SPA
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. Enkei Corporation
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. Marvic Wheels SRL
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. Minilite
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. MKW Alloy
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
11.9. PVM Brakes & Wheels Mannheim
11.9.1. Company Overview
11.9.2. Financials
11.9.3. Products
11.9.4. Recent Developments
11.10. Ronal Group
11.10.1. Company Overview
11.10.2. Financials
11.10.3. Products
11.10.4. Recent Developments
11.11. SMW Engineering Ltd.
11.11.1. Company Overview
11.11.2. Financials
11.11.3. Products
11.11.4. Recent Developments
11.12. Tan-ei-sya Co. Ltd.
11.12.1. Company Overview
11.12.2. Financials
11.12.3. Products
11.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Manufacturing (USD MN)
- Cast Market by Geography (USD MN)
- Forged Market by Geography (USD MN)
- Analysis Market by End Use (USD MN)
- Aftersales Market by Geography (USD MN)
- OEM Market by Geography (USD MN)
- Analysis by Vehicle (USD MN)
- Bike Market by Geography (USD MN)
- Sports/Premium Cars Market by Geography (USD MN)
- Global Magnesium Wheels Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Magnesium Wheels Report
- Market Research Process
- Market Research Methodology
- Global Magnesium Wheels Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Manufacturing
- Market Attractiveness Analysis by End Use
- Market Attractiveness Analysis by Vehicle
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Manufacturing (USD MN)
- Cast Market by Geography (USD MN)
- Forged Market by Geography (USD MN)
- Global Market Analysis by End Use (USD MN)
- Aftersales Market by Geography (USD MN)
- OEM Market by Geography (USD MN)
- Global Market Analysis by Vehicle (USD MN)
- Bike Market by Geography (USD MN)
- Sports/Premium Cars Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Related Categories
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments