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High Performance Wheels Market Share

Report ID: GMI246
Published Date: Sep 2024
Report Format: PDF

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High Performance Wheels Market Share

The market seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such OZ Racing, BBS Motorsport, HRE Wheels, Forgeline Wheels, Alpina, Enkei Wheels, Hankook Tire, Pirelli Tire collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

High Performance Wheels industry Share

Major players operating in the high performance wheels industry are:

Alpina
American Racing
BBS Motorsport
Enkei Wheels
Forgeline Wheels
Hankook Tire
HRE Wheels
OZ Racing
OZ Racing
Pirelli Tire
Porsche Design
Rays Engineering
Rotiform Wheels
Toyo Tires
Vossen Wheels

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The high performance wheels industry size was valued at USD 23.1 billion in 2023 and is estimated to grow at a 6.5% CAGR from 2024 to 2032 due to an increasing passion for high-performance and luxury vehicles among enthusiasts.

The aluminum alloys material segment in the market recorded USD 14.1 billion and is expected to reach USD 25.5 billion by 2032 as they are favored for their excellent strength-to-weight ratio.

North America high performance wheels market recorded USD 6.1 billion in 2023 and is expected to reach USD 10.9 billion by 2032 led by strong demand for sports and luxury vehicles

Alpina, American Racing, BBS Motorsport, Enkei Wheels, Forgeline Wheels, Hankook Tire, HRE Wheels, OZ Racing, OZ Racing, Pirelli Tire, and Porsche Design