Reduced weight for superior braking and acceleration coupled with corrosion protective ends for improved aesthetics are the major drivers responsible for the growth of high performance wheels market size over the next few years.
Carbon composite wheels provide 30% to 50% weight saving against conventional aluminum wheels, significantly enhancing the ride performance, improving fuel efficiency and vehicle handling. The major manufacturers are activity investing in research and development field in order to enhance the offerings to their more demanding and discerning customers.
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Profil wheels offer superior acceleration, fuel efficiency and braking especially for sports car industry. It was developed using a Finite Element Analysis (FEA) of each and every design in the series. In addition, it facilities to reduce unnecessary weight and finely tune the wheel shapes which in turn lowers the weight for improving wheel performance. The above mentioned factors are also anticipated to boost global high performance wheels market size over the forecast period
The Profil wheels are treated with heat in order to yield high strength as compared with other typical aluminum wheels. This allows the key players to produce stable and stronger wheels, while sustaining low weight. In addition, this design also enhances the structural rigidity of the center. This in turn increases the industry demand over the forecast period. However, high initial cost is anticipated to act as a challenge to the industry growth from 2016 to 2023.
Wheels are frequesntly preferred modifications done by owners, as a single and relatively simple alteration can significantly change vehicle character and appearance. In recent years, raw material cost, economic factors and consumer preference to maintain aged vehicles have been critical industry influencing factors. This will lead toward wheel and tire pairings to be simple and more functional. Off-road vehicles and 4×4 segments are likely to witness significant growth over the forecast period.
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Strong, light and rugged wheels are available in a variety of bolt choices, back spacing and unlocked or locked bead styles. Steel wheels are expected to be favored for low-budget, off-road vehicles, owing to their strength, and the interest in superior quality forged wheels, for quick off-raod uses. For passanger vehicles, manufacturers are observing rising demand for European designs and concaves. Increasing demand for luxury cars has also spurred the global high performance wheels market. For instance, Jaguar Land Rover (JLR) sale rose by 30% in 2013 as compared to the previous year. Rolls-Royce sold around 3,575 units of its ultra-luxury cars in 2012, which in turns drives the industry demand. Bentley, has launched Flying Spur limousine at the Geneva motor show, and increases its sales growth of over 24%.
This latest High Performance Wheels Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the High Performance Wheels industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
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