Please Wait.....
Report
High Performance Wheels Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-09-02 I 149 Pages I Global Market Insights
The Global High Performance Wheels Market size was around USD 23.1 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2032. Enthusiasts are increasingly passionate about high-performance and luxury vehicles.
Carbon fiber wheels are gaining popularity due to their high strength-to-weight ratio, which boosts vehicle performance by reducing unsprung weight and enhancing handling. These wheels are becoming a staple in both motorsports and premium consumer vehicles. Forged aluminum remains the material of choice for high-performance wheels, prized for its lightweight nature and durability. Advances in forging technology are paving the way for intricate designs and enhanced performance characteristics.
Consumers are seeking personalized and custom-designed wheels. Automotive enthusiasts want unique wheel designs that reflect their individual style and vehicle specifications. Manufacturers are responding with increased offerings of customizable options. 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.
The market is divided into aluminum alloys, steel, magnesium, and carbon fiber based on material. Aluminum alloys dominated the market in 2023 with a value of USD 14.1 billion. These alloys are favored for their excellent strength-to-weight ratio, enhancing vehicle performance by reducing unsprung weight, which improves handling, acceleration, and braking. Steel wheels are known for their robustness and durability, making them suitable for off-road and utility vehicles. Magnesium wheels are extremely lightweight, even more so than aluminum alloys.
The premium compact vehicles segment held the dominant market share of 41% in 2023 and is anticipated to grow through the years. Consumers in this segment often seek vehicles that offer sportier driving dynamics and superior handling. High-performance wheels are valued for their ability to improve vehicle responsiveness, cornering, and overall driving experience. Premium compact vehicles are often designed to offer a balance of style and performance. High-performance wheels enhance the visual appeal of these vehicles, providing a more aggressive and sportier look that appeals to buyers.
North America held a high performance wheels market of around USD 6.1 billion in 2023. The region has a strong market for sports and luxury vehicles, driving demand for high-performance wheels. Enthusiasts and consumers interested in performance upgrades often seek wheels that enhance their vehicle's handling, acceleration, and overall driving experience. The U.S. has a rich motorsports culture, including popular series such as NASCAR, Formula 1, and various local racing leagues. This culture fosters a strong interest in high-performance vehicles and components, including wheels, as enthusiasts and racers seek to enhance their vehicle's performance and aesthetics.
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Raw material analysis
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Growing automotive enthusiasm
3.7.1.2 Technological advancements
3.7.1.3 Vehicle customization trends
3.7.1.4 Performance enhancement trends
3.7.2 Industry pitfalls & challenges
3.7.2.1 High costs of advanced materials and manufacturing
3.7.2.2 Regulatory compliance and safety standards
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Material, 2021-2032 (USD Billion) (Million Units)
5.1 Key trends
5.2 Aluminum alloys
5.3 Steel
5.4 Magnesium
5.5 Carbon fiber
Chapter 6 Market Estimates & Forecast, By Vehicle Type, 2021-2032 (USD Billion) (Million Units)
6.1 Key trends
6.2 Premium compact segment
6.3 Entry-level luxury segment
6.4 Mid-size luxury segment
6.5 Other vehicles
Chapter 7 Market Estimates & Forecast, By Sales Channel, 2021-2032 (USD Billion) (Million Units)
7.1 Key trends
7.2 OEM
7.3 Aftermarket
Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Russia
8.3.7 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Rest of Latin America
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Rest of MEA
Chapter 9 Company Profiles
9.1 Alpina
9.2 American Racing
9.3 BBS Motorsport
9.4 Enkei Wheels
9.5 Forgeline Wheels
9.6 Hankook Tire
9.7 HRE Wheels
9.8 OZ Racing
9.9 Pirelli Tire
9.10 Porsche Design
9.11 Rays Engineering
9.12 Rotiform Wheels
9.13 Toyo Tires
9.14 Vossen Wheels
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security