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High Performance Wheels Market Trends

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

High Performance Wheels Market Trends

Carbon fiber wheels are gaining traction due to their high strength-to-weight ratio, which enhances vehicle performance by reducing unsprung weight and improving handling. They are becoming increasingly popular in both motorsports and high-end consumer vehicles. Forged aluminum continues to be a preferred material for high-performance wheels due to its lightweight and durability. Advances in forging technology are allowing for more intricate designs and improved performance characteristics.
 

There is a growing demand for personalized and custom-designed wheels. Consumers and automotive enthusiasts are seeking unique wheel designs that reflect their individual style and vehicle specifications, leading to increased offerings of customizable options from manufacturers. High-performance wheels are being designed to integrate seamlessly with advanced driver-assistance systems (ADAS) and other modern vehicle technologies. This ensures compatibility and optimal performance with evolving automotive technologies.

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

High Performance Wheels Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 428
  • Countries covered: 22
  • Pages: 149
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