Magnesium Wheel Market Size to Exceed Revenue of US$ 29 Billion by 2026

Pune, India -- (SBWire) -- 05/13/2019 --The global Magnesium Wheel Market is estimated to grow at CAGR above 3 % over the forecast time frame 2019-2026 and reach the market value around USD 29 billion by 2026.

The growing demand for magnesium wheels is driving the market share of magnesium wheels over the predicted time frame, owing to their advantages, which include lower weight, improved performance, better damping factor and better heat dissipation. A higher preference for the production of light-weight vehicles and support for the fuel efficiency and reduced carbon emissions regulations encourage market expansion.

Free Download Sample Report Pages for Better Understanding@ https://www.acumenresearchandconsulting.com/request-sample/1342

Increasing consumer propensity to promote the growth of global magnesium wheel markets in sports & premium cars. Forged wheels produce speeds, decreases braking distances and increases the overall performance of the vehicle. The forged wheels also contain a complex grain structure that significantly improves wheel strength. These wheels also help to improve the overall power to weight ratio for vehicles and thus increase market share.

The magnesium wheel market is increasing in size, shifting trends to lower-weight vehicles and increasing security concerns. Due to increasing disposable income the industry is encouraged to replace traditional steel wheels with efficient and durable magnesium wheels by inclination towards a premium, and comfortable driving experience. Furthermore, the premium design and design of these rollers significantly improves vehicle aesthetics and thus increases the share of the business.

Driving Factors

The size of the magnesium wheel market is influenced positively by the increase in R & D investment and technological innovations. Due to weight reduction and improved acceleration, these wheels become more acceptable for sports cars and premium bikes. The Magnesium wheels are 33% lighter than traditional aluminum and 75% lighter than steel, for example, according to the International Magnesium Association. In addition, these wheels are ideal to travel across diverse road conditions due to their superior damping capability and low vibration.

Several federal organisations, including Canada's Lightweight Materials Research Initiative, support R&D in magnesium technology development. The Climate Change Innovation Initiative and the Energy Research and Development Fund Program support this initiative. These funds are earmarked for research on magnesium products and development of automotive components. Researchers in Canada also cooperate with the United States. Energy Department and play a key role in projects including the Magnesium Development Project for Structural Cast.

The magnesium wheel market will be expanded by stringent government regulation to promote lightweight automotive components. The vehicle's gross weight should be no more than 10,500 pounds under the Regulation of the California Vehicle Code. Automobile manufacturers continue to focus on lightweight, reliable and durable wheels to replace the traditional spare wheels, thereby helping to save vehicle weight.

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/magnesium-wheel-market

Segment Stance

Due to the increasing inclination of manufacturers to reduce vehicle weight, the OEM will significantly increase on the market in the magnesium wheel. In addition, the magnesium wheels offer greater rigidity and heat dissipation, which makes them ideal for use in sports and premium automobiles. In addition, these wheels deliver significant improvements in performance and significantly improve vehicle efficiency. Increased impact resistance and weight reduction are provided by lower-weight wheels which support magnesium wheels market development over the planned time period.

Regional Snapshots

The market size of the magnesium wheel in Asia Pacific will grow substantially as demand for premium vehicles proliferates. Many premium car manufacturers in China and Japan are also increasing their market size. Several auto manufacturers such as Porsche, Volkswagen and BMW are involved in new magnesium wheels car launches. For example, Porsche launched its magnesium wheels GT2 RS in India in 2018.

Key Players & Strategies

Due to the presence of key players such as BBS, Enkei Corporation, the Ronal Group, SMW Engineering, Marvi? Wheels and Marchesini, the magnesium wheel market share is particularly competitive. MKW Alloy, OZ, Cromodora Wheels, Tan-ei-sya, Minilite, and Washi Beam are other leading manufacturers. Increased product design, configuration, and post-sales services are key to industry players ' areas. Expansion & innovation of the portfolio of products are amongst the major strategies taken to improve their market share by industry players. Fusions and acquisitions are just a few of the major market share strategy adopted by industry participants. In 2017, for example, Ronal Group announced that APP-Tech Srl will acquire a wider range of forced magnesium wheels in order to complement its product portfolio.

Browse All official Market Research Reports Press Releases@ https://www.acumenresearchandconsulting.com/press-releases

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Magnesium Wheel
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Magnesium Wheel Market By Manufacturing
1.2.2.1. Global Magnesium Wheel Market Revenue and Growth Rate Comparison By Manufacturing (2015-2026)
1.2.2.2. Global Magnesium Wheel Market Revenue Share By Manufacturing in 2017
1.2.2.3. Cast
1.2.2.4. Forged
1.2.3. Magnesium Wheel Market By End Use
1.2.3.1. Global Magnesium Wheel Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.3.2. Global Magnesium Wheel Market Revenue Share By End Use in 2017
1.2.3.3. Aftermath
1.2.3.4. OEM
1.2.4. Magnesium Wheel Market By Vehicle
1.2.4.1. Global Magnesium Wheel Market Revenue and Growth Rate Comparison By Vehicle (2015-2026)
1.2.4.2. Global Magnesium Wheel Market Revenue Share By Vehicle in 2017
1.2.4.3. Bike
1.2.4.4. Sports/Premium Cars
1.2.5. Magnesium Wheel Market by Geography
1.2.5.1. Global Magnesium Wheel Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Magnesium Wheel Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Magnesium Wheel Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Magnesium Wheel Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Magnesium Wheel Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Magnesium Wheel Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter's Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Magnesium Wheel Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Magnesium Wheel Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Magnesium Wheel Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Magnesium Wheel Major Manufacturers in 2017

CHAPTER 4. MAGNESIUM WHEEL MARKET BY MANUFACTURING

4.1. Global Magnesium Wheel Revenue By Manufacturing
4.2. Cast
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Forged
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. MAGNESIUM WHEEL MARKET BY END USE

5.1. Global Magnesium Wheel Revenue By End Use
5.2. Aftermath
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. OEM
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. MAGNESIUM WHEEL MARKET BY VEHICLE

6.1. Global Magnesium Wheel Revenue By Vehicle
6.2. Bike
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Sports/Premium Cars
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA MAGNESIUM WHEEL MARKET BY COUNTRY

7.1. North America Magnesium Wheel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Magnesium Wheel Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Magnesium Wheel Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 8. EUROPE MAGNESIUM WHEEL MARKET BY COUNTRY

8.1. Europe Magnesium Wheel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Magnesium Wheel Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC MAGNESIUM WHEEL MARKET BY COUNTRY

9.1. Asia-Pacific Magnesium Wheel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Magnesium Wheel Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICA MAGNESIUM WHEEL MARKET BY COUNTRY

10.1. Latin America Magnesium Wheel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Magnesium Wheel Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST MAGNESIUM WHEEL MARKET BY COUNTRY

11.1. Middle East Magnesium Wheel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East Magnesium Wheel Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 12. AFRICA MAGNESIUM WHEEL MARKET BY COUNTRY

12.1. Africa Magnesium Wheel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Africa Magnesium Wheel Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Manufacturing, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. BBS
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Enkei Corporation
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Ronal Group
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. SMW Engineering
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Marvic Wheels SRL
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Marchesini
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. MKW Alloy
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. OZ
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Cromodora Wheels
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Tan-ei-sya
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Minilite
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Product Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. Washi Beam
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Product Portfolio
13.12.5. Key Developments
13.12.6. Strategies
13.13. Others
13.13.1. Company Snapshot
13.13.2. Overview
13.13.3. Financial Overview
13.13.4. Product Portfolio
13.13.5. Key Developments
13.13.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

INQUIRY BEFORE BUYING@ https://www.acumenresearchandconsulting.com/inquiry-before-buying/1342

The report is readily available and can be dispatched immediately after payment confirmation.

Buy this Premium Research Report@ https://www.acumenresearchandconsulting.com/buy-now/0/1342

Would like to place an order or any question, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157

About Acumen Research and Consulting:

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.