Automotive Buzz - Magnesium Wheel Market Size to Hit $34.73 billion by 2026

Magnesium Wheel Market Size to Hit $34.73 billion by 2026

Newsdesk 7/8 16:39

According to VRR's, the Magnesium Wheel market is accounted for $23.17 billion in 2017 and is expected to reach $34.73 billion by 2026 growing at a CAGR of 4.6%. The factors that are influencing the market are magnesium's quality is better than other materials like steel and aluminum. Magnesium wheels provide high damping capacity, which smoothens the ride. The factors which are hampering the Magnesium Wheel market is its high cost.

Magnesium wheels are wheels manufactured from alloys which contain mostly magnesium. They are produced either by casting. Magnesium has several key properties that make it an attractive base metal for wheels: lightness; a high damping capacity; and high specific strength. Magnesium is the lightest metallic structural material available. It is 1.5 times less dense than aluminum so magnesium wheels can be designed to be significantly lighter than aluminum alloy wheels while exhibiting comparable strength.

Based on End User, the OEM segment offers magnesium wheels as a standard or add-on option. Although, different types of magnesium wheels are available in the aftermarket, owing to their high cost, very few vehicle owners prefer them. OEMs including optimization, testing, quality control for ensuring the product compatibility with vehicles is fostering the product demand.

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By Geography, Asia Pacific will experience compelling growth in the magnesium wheel market size owing to the generating premium cars demand. The existence of numerous premium car manufacturers in Japan and China are further rising the market size.

Some of the key players in the Magnesium Wheel 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., Washi Beam, Marchesini, OZ S.p.A.

Process Covered:
? Forged
? Cast

Distribution Pattern Covered:
? Dealerships
? Distributors
? E-Commerce

Vehicle Type Covered:
? Two Wheelers
? Three Wheelers
? Sports Utility Vehicle

End Users Covered:
? Original Equipment Manufacturer (OEM)
? Aftermarket

Regions Covered:
? North America
o US
o Canada
o Mexico
? Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
? Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
? South America
o Argentina
o Brazil
o Chile
o Rest of South America
? Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

  • What our report offers:
    o - Market share assessments for the regional and country level segments
    o - Strategic recommendations for the new entrants
    o - Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
    o - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
    o - Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
    o - Strategic recommendations in key business segments based on the market estimations
    o - Competitive landscaping mapping the key common trends
    o - Company profiling with detailed strategies, financials, and recent developments
    o - Supply chain trends mapping the latest technological advancements
  • Free Customization Offerings:
    o All the customers of this report will be entitled to receive one of the following free customization options:
    o Company Profiling
    o Comprehensive profiling of additional market players (up to 3)
    o SWOT Analysis of key players (up to 3)
    o Regional Segmentation
    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
    o Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.
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    1 Executive Summary

    2 Preface
    2.1 Abstract
    2.2 Stake Holders
    2.3 Research Scope
    2.4 Research Methodology
    2.4.1 Data Mining
    2.4.2 Data Analysis
    2.4.3 Data Validation
    2.4.4 Research Approach
    2.5 Research Sources
    2.5.1 Primary Research Sources
    2.5.2 Secondary Research Sources
    2.5.3 Assumptions

    3 Market Trend Analysis
    3.1 Introduction
    3.2 Drivers
    3.3 Restraints
    3.4 Opportunities
    3.5 Threats
    3.6 End User Analysis
    3.7 Emerging Markets
    3.8 Futuristic Market Scenario

    4 Porters Five Force Analysis
    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 Magnesium Wheel Market, By Process
    5.1 Introduction
    5.2 Forged
    5.3 Cast

    6 Global Magnesium Wheel Market, By Distribution Pattern
    6.1 Introduction
    6.2 E-Commerce
    6.3 Distributors
    6.4 Dealerships

    7 Global Magnesium Wheel Market, By Vehicle Type
    7.1 Introduction
    7.2 Two Wheelers
    7.3 Three Wheelers
    7.4 Sports Utility Vehicle

    8 Global Magnesium Wheel Market, By End Users
    8.1 Original Equipment Manufacturer (OEM)
    8.2 Aftermarket

    9 Global Magnesium Wheel Market, By Geography
    9.1 Introduction
    9.2 North America
    9.2.1 US
    9.2.2 Canada
    9.2.3 Mexico
    9.3 Europe
    9.3.1 Germany
    9.3.2 UK
    9.3.3 Italy
    9.3.4 France
    9.3.5 Spain
    9.3.6 Rest of Europe
    9.4 Asia Pacific
    9.4.1 Japan
    9.4.2 China
    9.4.3 India
    9.4.4 Australia
    9.4.5 New Zealand
    9.4.6 South Korea
    9.4.7 Rest of Asia Pacific
    9.5 South America
    9.5.1 Argentina
    9.5.2 Brazil
    9.5.3 Chile
    9.5.4 Rest of South America
    9.6 Middle East & Africa
    9.6.1 Saudi Arabia
    9.6.2 UAE
    9.6.3 Qatar
    9.6.4 South Africa
    9.6.5 Rest of Middle East & Africa

    10 Key Developments
    10.1 Agreements, Partnerships, Collaborations and Joint Ventures
    10.2 Acquisitions & Mergers
    10.3 New Product Launch
    10.4 Expansions
    10.5 Other Key Strategies

    11 Company Profiling
    11.1 BBS USA
    11.2 Cromodora Wheels SPA
    11.3 Enkei Corporation
    11.4 Marvic Wheels SRL
    11.5 Minilite
    11.6 MKW Alloy
    11.7 PVM Brakes & Wheels Mannheim
    11.8 Ronal Group
    11.9 SMW Engineering Ltd.
    11.10 Tan-ei-sya Co., Ltd.
    11.11 Washi Beam
    11.12 Marchesini
    11.13 OZ S.p.A.

    List of Tables
    Table 1 Global Magnesium Wheel Market Outlook, By Region (2016-2026) ($MN)
    Table 2 Global Magnesium Wheel Market Outlook, By Process (2016-2026) ($MN)
    Table 3 Global Magnesium Wheel Market Outlook, By Forged (2016-2026) ($MN)
    Table 4 Global Magnesium Wheel Market Outlook, By Cast (2016-2026) ($MN)
    Table 5 Global Magnesium Wheel Market Outlook, By Distribution Patter (2016-2026) ($MN)
    Table 6 Global Magnesium Wheel Market Outlook, By E-Commerce (2016-2026) ($MN)
    Table 7 Global Magnesium Wheel Market Outlook, By Distributors (2016-2026) ($MN)
    Table 8 Global Magnesium Wheel Market Outlook, By Dealerships (2016-2026) ($MN)
    Table 9 Global Magnesium Wheel Market Outlook, By Vehicle Type (2016-2026) ($MN)
    Table 10 Global Magnesium Wheel Market Outlook, By Two Wheelers (2016-2026) ($MN)
    Table 11 Global Magnesium Wheel Market Outlook, By Three Wheelers (2016-2026) ($MN)
    Table 12 Global Magnesium Wheel Market Outlook, By Sports Utility Vehicle (2016-2026) ($MN)
    Table 13 Global Magnesium Wheel Market Outlook, By End Users (2016-2026) ($MN)
    Table 14 Global Magnesium Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2016-2026) ($MN)
    Table 15 Global Magnesium Wheel Market Outlook, By Aftermarket (2016-2026) ($MN)
    Table 16 North America Magnesium Wheel Market Outlook, By Country (2016-2026) ($MN)
    Table 17 North America Magnesium Wheel Market Outlook, By Process (2016-2026) ($MN)
    Table 18 North America Magnesium Wheel Market Outlook, By Forged (2016-2026) ($MN)
    Table 19 North America Magnesium Wheel Market Outlook, By Cast (2016-2026) ($MN)
    Table 20 North America Magnesium Wheel Market Outlook, By Distribution Patter (2016-2026) ($MN)
    Table 21 North America Magnesium Wheel Market Outlook, By E-Commerce (2016-2026) ($MN)
    Table 22 North America Magnesium Wheel Market Outlook, By Distributors (2016-2026) ($MN)
    Table 23 North America Magnesium Wheel Market Outlook, By Dealerships (2016-2026) ($MN)
    Table 24 North America Magnesium Wheel Market Outlook, By Vehicle Type (2016-2026) ($MN)
    Table 25 North America Magnesium Wheel Market Outlook, By Two Wheelers (2016-2026) ($MN)
    Table 26 North America Magnesium Wheel Market Outlook, By Three Wheelers (2016-2026) ($MN)
    Table 27 North America Magnesium Wheel Market Outlook, By Sports Utility Vehicle (2016-2026) ($MN)
    Table 28 North America Magnesium Wheel Market Outlook, By End Users (2016-2026) ($MN)
    Table 29 North America Magnesium Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2016-2026) ($MN)
    Table 30 North America Magnesium Wheel Market Outlook, By Aftermarket (2016-2026) ($MN)
    Table 31 Europe Magnesium Wheel Market Outlook, By Country (2016-2026) ($MN)
    Table 32 Europe Magnesium Wheel Market Outlook, By Process (2016-2026) ($MN)
    Table 33 Europe Magnesium Wheel Market Outlook, By Forged (2016-2026) ($MN)
    Table 34 Europe Magnesium Wheel Market Outlook, By Cast (2016-2026) ($MN)
    Table 35 Europe Magnesium Wheel Market Outlook, By Distribution Patter (2016-2026) ($MN)
    Table 36 Europe Magnesium Wheel Market Outlook, By E-Commerce (2016-2026) ($MN)
    Table 37 Europe Magnesium Wheel Market Outlook, By Distributors (2016-2026) ($MN)
    Table 38 Europe Magnesium Wheel Market Outlook, By Dealerships (2016-2026) ($MN)
    Table 39 Europe Magnesium Wheel Market Outlook, By Vehicle Type (2016-2026) ($MN)
    Table 40 Europe Magnesium Wheel Market Outlook, By Two Wheelers (2016-2026) ($MN)
    Table 41 Europe Magnesium Wheel Market Outlook, By Three Wheelers (2016-2026) ($MN)
    Table 42 Europe Magnesium Wheel Market Outlook, By Sports Utility Vehicle (2016-2026) ($MN)
    Table 43 Europe Magnesium Wheel Market Outlook, By End Users (2016-2026) ($MN)
    Table 44 Europe Magnesium Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2016-2026) ($MN)
    Table 45 Europe Magnesium Wheel Market Outlook, By Aftermarket (2016-2026) ($MN)
    Table 46 Asia Pacific Magnesium Wheel Market Outlook, By Country (2016-2026) ($MN)
    Table 47 Asia Pacific Magnesium Wheel Market Outlook, By Process (2016-2026) ($MN)
    Table 48 Asia Pacific Magnesium Wheel Market Outlook, By Forged (2016-2026) ($MN)
    Table 49 Asia Pacific Magnesium Wheel Market Outlook, By Cast (2016-2026) ($MN)
    Table 50 Asia Pacific Magnesium Wheel Market Outlook, By Distribution Patter (2016-2026) ($MN)
    Table 51 Asia Pacific Magnesium Wheel Market Outlook, By E-Commerce (2016-2026) ($MN)
    Table 52 Asia Pacific Magnesium Wheel Market Outlook, By Distributors (2016-2026) ($MN)
    Table 53 Asia Pacific Magnesium Wheel Market Outlook, By Dealerships (2016-2026) ($MN)
    Table 54 Asia Pacific Magnesium Wheel Market Outlook, By Vehicle Type (2016-2026) ($MN)
    Table 55 Asia Pacific Magnesium Wheel Market Outlook, By Two Wheelers (2016-2026) ($MN)
    Table 56 Asia Pacific Magnesium Wheel Market Outlook, By Three Wheelers (2016-2026) ($MN)
    Table 57 Asia Pacific Magnesium Wheel Market Outlook, By Sports Utility Vehicle (2016-2026) ($MN)
    Table 58 Asia Pacific Magnesium Wheel Market Outlook, By End Users (2016-2026) ($MN)
    Table 59 Asia Pacific Magnesium Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2016-2026) ($MN)
    Table 60 Asia Pacific Magnesium Wheel Market Outlook, By Aftermarket (2016-2026) ($MN)
    Table 61 South America Magnesium Wheel Market Outlook, By Country (2016-2026) ($MN)
    Table 62 South America Magnesium Wheel Market Outlook, By Process (2016-2026) ($MN)
    Table 63 South America Magnesium Wheel Market Outlook, By Forged (2016-2026) ($MN)
    Table 64 South America Magnesium Wheel Market Outlook, By Cast (2016-2026) ($MN)
    Table 65 South America Magnesium Wheel Market Outlook, By Distribution Patter (2016-2026) ($MN)
    Table 66 South America Magnesium Wheel Market Outlook, By E-Commerce (2016-2026) ($MN)
    Table 67 South America Magnesium Wheel Market Outlook, By Distributors (2016-2026) ($MN)
    Table 68 South America Magnesium Wheel Market Outlook, By Dealerships (2016-2026) ($MN)
    Table 69 South America Magnesium Wheel Market Outlook, By Vehicle Type (2016-2026) ($MN)
    Table 70 South America Magnesium Wheel Market Outlook, By Two Wheelers (2016-2026) ($MN)
    Table 71 South America Magnesium Wheel Market Outlook, By Three Wheelers (2016-2026) ($MN)
    Table 72 South America Magnesium Wheel Market Outlook, By Sports Utility Vehicle (2016-2026) ($MN)
    Table 73 South America Magnesium Wheel Market Outlook, By End Users (2016-2026) ($MN)
    Table 74 South America Magnesium Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2016-2026) ($MN)
    Table 75 South America Magnesium Wheel Market Outlook, By Aftermarket (2016-2026) ($MN)
    Table 76 Middle East & Africa Magnesium Wheel Market Outlook, By Country (2016-2026) ($MN)
    Table 77 Middle East & Africa Magnesium Wheel Market Outlook, By Process (2016-2026) ($MN)
    Table 78 Middle East & Africa Magnesium Wheel Market Outlook, By Forged (2016-2026) ($MN)
    Table 79 Middle East & Africa Magnesium Wheel Market Outlook, By Cast (2016-2026) ($MN)
    Table 80 Middle East & Africa Magnesium Wheel Market Outlook, By Distribution Patter (2016-2026) ($MN)
    Table 81 Middle East & Africa Magnesium Wheel Market Outlook, By E-Commerce (2016-2026) ($MN)
    Table 82 Middle East & Africa Magnesium Wheel Market Outlook, By Distributors (2016-2026) ($MN)
    Table 83 Middle East & Africa Magnesium Wheel Market Outlook, By Dealerships (2016-2026) ($MN)
    Table 84 Middle East & Africa Magnesium Wheel Market Outlook, By Vehicle Type (2016-2026) ($MN)
    Table 85 Middle East & Africa Magnesium Wheel Market Outlook, By Two Wheelers (2016-2026) ($MN)
    Table 86 Middle East & Africa Magnesium Wheel Market Outlook, By Three Wheelers (2016-2026) ($MN)
    Table 87 Middle East & Africa Magnesium Wheel Market Outlook, By Sports Utility Vehicle (2016-2026) ($MN)
    Table 88 Middle East & Africa Magnesium Wheel Market Outlook, By End Users (2016-2026) ($MN)
    Table 89 Middle East & Africa Magnesium Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2016-2026) ($MN)
    Table 90 Middle East & Africa Magnesium Wheel Market Outlook, By Aftermarket (2016-2026) ($MN)

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