news-room market-place products data-bank forum e-mail
magnesium. com
news events
If you have breaking news in the world of magnesium we want to hear from you: add-news@magnesium.com
SEARCH: BETWEEN: AND:
DATE TITLE PRINT
Jun 29.17 Magnesium, Light Metals, More: Behind Healthy Automotive Wheel Market
Automobile wheels come in a range of materials and combinations (magnesium, aluminum, steel, carbon fiber), product type (regular and high performance), and categories including end-use and manufacture (OEM--Original Equipment Manufacturers--and aftermarket), and vehicle application (passenger cars, commercial vehicles, trucks).
The upward-trending market for all these kinds of wheels will mean a market value of USD 91.6 billion by 2024, according to a new research report from Global Market Insights, Inc.
For perspective, the U.S. automotive wheel market was worth over USD 10 billion in 2016, according to the research firm.

Propelling that growth says the report are increasing investments in budget cars by OEMs in emerging countries, and additional factors such as technological advances, tax incentives, and a rise in sales of passenger cars. Passenger cars dominated the overall automotive wheel industry share, accounting for more than 80% in 2016. China is a key contributor with 24 million+ passenger car units produced in 2016.

The report further cites factors including strict regulations on carbon emissions that encourage the manufacture of lightweight vehicles and major components like lightweight magnesium and aluminum alloy wheels, and a rising demand for corrosion resistance components, among those that will continue to drive automotive wheel demand.

Lightweight and innovative designs--available in products like forged magnesium wheels that deliver higher performance—are also expected to drive product demand. (see more at https://smwwheels.com/)

The research report is all-inclusively titled, “Automotive Wheel Market Size By Material (Aluminum, Steel, Magnesium, Carbon Fiber), By Product (Regular, High Performance), By End-Use (OEM, Aftermarket), By Vehicle (Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Czech Republic, Poland, Slovakia, Turkey, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Australia, Philippines, Vietnam, Brazil, Argentina, Mexico, Colombia, Iran, South Africa, Morocco, Egypt, Algeria), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024."

Request a sample of this report @ https://www.gminsights.com/request-sample/detail/1706

You are also invited to browse a related research report,
“High Performance Wheels Market Size 2017 – 2024.”
The market size was more than USD 11 billion in 2016 and is set to surpass 60 million units by 2024, due to rising demand for luxury vehicles, sports and premium compact vehicles, the shift in automotive trends towards weight reduction, fuel efficiency and vehicle customization are also considered key drivers of the high performance wheels market growth.

Browse this report at https://www.gminsights.com/industry-analysis/high-performance-wheels-market

Global Market Insights, Inc. is a U.S.-based, global market research and consulting service provider; offering syndicated and custom research reports and growth consulting services.

Copyright notice: Reproduction of material without written permission is strictly prohibited.

THIS ARTICLE IS INTERESTING TO ME
 disagree   agree 
SAME AND PRECEDING NEWS DAY ARTICLES LATER NEWS DAY ARTICLES
  Jun 28.17  Mag Plus Jag: Powerful One-Two Punch
  Jun 25.17  Magnesium: Smart Metal for Your Next Getaway
  Jun 22.17  Magnesium: Better Pix, Talk and Sound
  Jun 19.17  Cast Magnesium Stars in New Enduro Bike
  Jun 18.17  North Korea: Mineral-Rich, Mining the Future?
  Jun 15.17  Magnesium: In the Award-Winning Mercedes Mix
  Jun 14.17  Magnesium, Autos and China’s Great Salt Lake
  Jun 07.17  Magnesium Wheels: Rolling Art Meets Speed at L...
  Jun 05.17  I Spy: Mag Wheels on the New Porsche GT2 RS
  May 30.17  Magnesium, Space Junk and Rockets to Mars
  Jun 30.17  Magnesium+Giga Steel: Lightweight Formula for ...
  Jul 01.17  2018 World Magnesium Conference
  Jul 01.17  News Update: Mg and Porsche’s Most Powerful 91...
  Jul 04.17  Ultralight Magnesium: Supporting Role in Unique...
  Jul 13.17  A Truly Visionary Machine: Aston Martin Valkyr...
  Jul 13.17  Thinking About Magnesium: Academic/Industry Par...
  Jul 18.17  DOE: Magnesium at Forefront of $1.2 million for...
  Jul 19.17  Magnesium Key Element in New Jaguar E-PACE
  Jul 20.17  Magnesium: Consumer Products Designed to Last
HOME | ABOUT US | CONTACT US | ADVERTISE WITH US
© 2000-2017 Magnesium .com. All rights reserved.