Press release
Global magnesium alloy wheels market to grow at a CAGR of 20.47% during the period 2017-2021
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Description
An alloy is a metal made from two or more metals and provides greater strength to the metal. It keeps the metal free from corrosion and can conduct heat. Alloy wheels are made from the alloys of magnesium or aluminum. They are lightweight, provide a better appearance, and possess the same strength as that of steel wheels. Magnesium wheels are also known as mag wheels. The wheels are used mostly in racing and classic cars. As they are very light, they help improve the mileage of the vehicle. Pure magnesium wheels are prone to pitting, cracking, and corrosion.
Technavios analysts forecast the global magnesium alloy wheels market to grow at a CAGR of 20.47% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global magnesium alloy wheels market for 2017-2021. To calculate the market size, the report considers new installations of alloy wheels in vehicles.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Magnesium Alloy Wheels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Marvic Wheels
BBI Autosport
Marchesini
Vision Ability Dedication
Other prominent vendors
OZ
APP TECH
SMW Engineering
Tan-ei-sya
Milinite
Washi Beam
Market driver
Growing popularity of automotive racing in developing economies
For a full, detailed list, view our report
Market challenge
Ban on inconsistent quality aftermarket magnesium alloy wheels
For a full, detailed list, view our report
Market trend
Rise in sales through online channels
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 05: Market segmentation by application
Market overview
Global magnesium alloy wheels market for racing cars
Global magnesium alloy wheels market for racing motorcycles
PART 06: Geographical segmentation
Segmentation of global magnesium alloy wheel market by geography
Regulations of various championships
Magnesium alloy wheels market in the Americas
Magnesium alloy wheel market in EMEA
Magnesium alloy wheel market in APAC
PART 07: Decision framework
PART 08: Drivers and challenges
Market drivers
Market challenges
PART 09: Market trends
PART 10: Vendor landscape
Competitive Landscape
Other prominent vendors
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PART 11: Key vendor analysis
Marvic Wheels
BBI Autosport
Marchesini
Vision Ability Dedication (VAD)
PART 12: Appendix
List of abbreviations
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