Global Magnesium Alloy Wheels Market 2017-2021
- Published: Aug 2017
- Pages: 77
- SKU: IRTNTR13797
Enjoy complimentary customisation on priority with our Enterprise License!
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
This industry research report identifies Marvic Wheels, BBI Autosport, Marchesini, and Vision Ability Dedication as the key vendors in the global magnesium alloy wheels market. A comprehensive analysis of this market is also presented by applications (racing motorcycles and racing cars) and by geography (the Americas, APAC, and EMEA).
Overview of the global magnesium alloy wheels market
Research analysis on the global magnesium alloy wheels market identifies that the increased fuel efficiency of forged magnesium wheels will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 20% by 2021. Forged magnesium wheels lower the fuel consumption as they are 40% lighter than cast alloy wheels and require less effort to rotate. Compared to a twice heavy steel wheel, forged magnesium has repeatedly shown improvements of at least 3% in tire rolling resistance in a test performed by Alcoa. Fuel saving of nearly 1% or 0.5% can also be achieved for vehicles that use forged magnesium wheels due to the reduction in rolling resistance compared to a typical cast aluminum wheel. Other advantages of the magnesium alloy wheels also include reduced braking distance and acceleration, lower carbon dioxide emission, and better tire life and minimal risk.
The rising preference of customized vehicles is one of the latest trends that will gain traction in the magnesium alloy wheels market. Compared to standard wheels, custom wheels offer improved functionality, precision and a stronger grip on the road. OEM wheels are made from steel and aluminum, whereas custom wheels are made of forged alloys that can be produced in different shapes. These forged magnesium alloy wheels will not be damaged in case of an accident or collision, and they offer an extended life. Customers can choose from a variety of shape, design, and color to enhance the aesthetic appeal of their vehicles.
Competitive landscape and key vendors
MotoGP and Formula One races use vehicles that are fitted with forged magnesium wheels. Such vehicles are not commonly manufactured due to the complicated production process. Most of the manufacturers are aftermarket manufacturers as magnesium alloy wheels are used in racing cars and motorcycles, and the companies customize the wheels based on preference.
The leading vendors in the market are -
- Marvic Wheels
- BBI Autosport
- Marchesini
- Vision Ability Dedication
The other prominent vendors in the market are OZ, APP TECH, SMW Engineering, Tan-ei-sya, Milinite, and Washi Beam.
Segmentation by applications and analysis of the magnesium alloy wheels market
- Racing motorcycles
- Racing cars
During 2016, the racing cars segment accounted for the major shares of the magnesium alloy wheels market. Factors such as the rising popularity of racing events in developing countries, such as India, China, and Indonesia and the high level of customization will drive the growth of the segment in the global market.
Geographical segmentation and analysis of the magnesium alloy wheels market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the magnesium alloy wheels market throughout the forecast period. The strong racing culture and increased adoption of high-end sports cars in the region will drive the demand for magnesium alloy wheels.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global magnesium alloy wheels market?
- What are the key market trends impacting the growth of the global magnesium alloy wheels market?
- What are the challenges to market growth?
- Who are the key vendors in the global magnesium alloy wheels market?
- What are the market opportunities and threats faced by the vendors in the global magnesium alloy wheels market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global magnesium alloy wheels market?
Technavio also offers customization on reports based on specific client requirement.
Alloy wheels are constructed from an alloy of aluminum and magnesium, which are typically lighter and provide better strength, heat conduction, and often improves cosmetic appearance. The upcoming report on the global magnesium alloy wheel market follows a scrupulous data collection methodology and offers an analysis of fast growing market segments like auto accessories. By considering market intelligence factors such as market size, growth rate, technological developments, and eminent market drivers, Technavio provides a wealth of information from its vast collection of research reports from the automotive industry.
By considering the market forecast and size and the rising demand for various automotive accessories, the market research experts at Technavio offer an all-inclusive picture of the magnesium alloy wheels market for the estimated period of 2017 to 2021. Qualitative and quantitative research methodologies are used to accurately forecast the growth of the market, which will help the client in making investment and product decisions. This market study also offers an extensive analysis of various automotive accessories based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.
This upcoming industry report on the magnesium alloy wheels market also considers the growth of the related markets such as the global automotive upholstery market, which is expected to project an impressive CAGR of nearly 10% during the forecasted period. According to our analysts, adoption of new technologies for making more efficient alloys is expected to drive the demand for such products over the next four years. This upcoming market research report on the magnesium alloy wheels market also covers vendors like Borbet, Enkei Wheels, Ronal Wheels, Momo Wheels, Uniwheels, BBS Wheels, Konig Wheels, Lenso Wheels, O.Z. S.p.A., and Rota Wheels.
The forthcoming industry research report on the magnesium alloy wheels market also categorizes the key drivers, prominent trends, as well as the major challenges that the automotive accessories sector currently experiences. The upcoming report also provides analysis of the market as per geographic segmentation by covering geographies like the Americas, APAC, and EMEA. Technavio also provides in-depth market assessments into the sectors such as automotive components and automotive electronics.
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
- Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 05: Market segmentation by application
- Market overview
- Global magnesium alloy wheels market for racing cars
- Global magnesium alloy wheels market for racing motorcycles
PART 06: Geographical segmentation
- Segmentation of global magnesium alloy wheel market by geography
- Regulations of various championships
- Magnesium alloy wheels market in the Americas
- Magnesium alloy wheel market in EMEA
- Magnesium alloy wheel market in APAC
PART 07: Decision framework
PART 08: Drivers and challenges
- Market drivers
- Market challenges
PART 09: Market trends
PART 10: Vendor landscape
- Competitive Landscape
- Other prominent vendors
PART 11: Key vendor analysis
- Marvic Wheels
- BBI Autosport
- Marchesini
- Vision Ability Dedication (VAD)
PART 12: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
2500 USD
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts
