- Iochpe-Maxion
- Vossen Wheels
- Work Wheels
- Wheel Pros
- Automotive Wheels Ltd.
- Enkei Wheels
- CiTiC Dicastal Wheel Manufacturing
- Ronal AG
- HRE Performance Wheels
- RAYS
- Fikse Wheels
- Konig Wheels
- United Wheels Group
- SuperAlloy Industrial Company
- Weds
- Performance Wheels Australia
- BBS Kraftfahrzeugtechnik AG
- Alcoa Wheels
- Accuride Corporation
- Topy Industries
- Euromax Wheels
- Nutek Forged Wheels
- Steel Strips Wheels
- ALCAR Holding
- American Eagle Wheels Corporation
- Carbon Revolution
- OZ S.p.A
- Aluminum
- Steel
- Magnesium
- Carbon Fiber
- Premium Compact
- Entry-level Luxury
- Mid-size Luxury
- Market Forecast for 2024-2030
- Market growth drivers
- Challenges and Opportunities
- Emerging and Current market trends
- Market player Capacity, Production, Revenue (Value)
- Supply (Production), Consumption, Export, Import analysis
- End user/application Analysis
High Performance Wheels Market Analysis & Forecast 2024-2030
High Performance Wheels Market Report by Product Type (Aluminum, Steel, Magnesium, Carbon Fiber) by Application /End User (Premium Compact, Entry-level Luxury, Mid-size Luxury ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)
Global High Performance Wheels Market is expected to reach USD 18437.49 million by 2031 with CAGR of 5.4 % between 2025 and 2031
High-performance tires have a lower profile, stiff sidewall and wide foot print for improved cornering response, lower rolling resistance and increased tread stability. High performance wheels offer reduced unsprung weight that minimizes unpleasant vibrations of the vehicle. High performance wheels offer significant properties including withstanding impact forces, improving wheel performance, and extended durability. High-performance tires possesses properties like visual appearance, superior strength, can carry huge loads, accurate fitting, proper replacement, and optimum dimension.
Increasing consumer preference for vehicle customization, weight reduction and improved fuel efficiency will support the industry growth. Also new advancements in technology, new specifications, innovative concepts, and new applications are constantly evolving to support new needs in high performance wheels which are boosting this market globally. Expensive initial set up and increased costs associated with alloyed materials are the restraining factors of price trend. Moreover, low consumer consciousness regarding product benefits may hinder industry growth.
Europe is the largest high performance wheels market followed by North America. Europe and North America together accounting for more than 50% of the global market share in the high performance wheels market. Asia Pacific will remain as the fastest growing market in forecast period. China and India will drive Asia Pacific high performance wheels growth, due to easy availability of manufacturing facilities. Improvement in the technological advancement, modern mass production of vehicles and increasing demand for luxury features, are the key factors that drive the high performance wheels market.
Global High Performance Wheels Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global High Performance Wheels Market:
High Performance Wheels Market : Product Type
High Performance Wheels Market : Application
Global High Performance Wheels Market Report delivers a comprehensive analysis of the following parameters:
Report Coverage
| Parameters | Details |
|---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 12759.03 million |
Forecast Value (2031) |
USD 18437.49 million |
CAGR (2025-2030) |
5.4 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Frequently Asked Questions (FAQ)
High Performance Wheels Market was valued at around USD 12759.03 million in 2023 & estimated to reach USD 18437.49 million by 2030.
High Performance Wheels Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.4% between 2024 to 2030.
High Performance Wheels Market is dominated by the Aluminum segment and the Europe region holds the highest market share in 2023.
Some of the top key players in the High Performance Wheels Market are Iochpe-Maxion, Vossen Wheels, Work Wheels, Wheel Pros, Automotive Wheels Ltd., Enkei Wheels, CiTiC Dicastal Wheel Manufacturing, Ronal AG, HRE Performance Wheels, RAYS, Fikse Wheels, Konig Wheels, United Wheels Group, SuperAlloy Industrial Company, Weds.
Primary driving factors for the growth of the High Performance Wheels Market include Improvement in the technological advancement, modern mass production of vehicles and increasing demand for luxury features.
Yes, the report includes COVID 19 impact on the market.
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