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Global Magnesium Alloy Wheels Market 2017-2021

Global Magnesium Alloy Wheels Market 2017-2021

About Magnesium Alloy Wheels

An alloy is a metal made from two or more metals and provides greater strength to the metal. It keeps the metal free from corrosion and can conduct heat. Alloy wheels are made from the alloys of magnesium or aluminum. They are lightweight, provide a better appearance, and possess the same strength as that of steel wheels. Magnesium wheels are also known as mag wheels. The wheels are used mostly in racing and classic cars. As they are very light, they help improve the mileage of the vehicle. Pure magnesium wheels are prone to pitting, cracking, and corrosion.

Technavio’s analysts forecast the global magnesium alloy wheels market to grow at a CAGR of 20.47% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global magnesium alloy wheels market for 2017-2021. To calculate the market size, the report considers new installations of alloy wheels in vehicles.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Magnesium Alloy Wheels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Marvic Wheels
  • BBI Autosport
  • Marchesini
  • Vision Ability Dedication
Other prominent vendors
  • OZ
  • APP TECH
  • SMW Engineering
  • Tan-ei-sya
  • Milinite
  • Washi Beam
Market driver
  • Growing popularity of automotive racing in developing economies
  • For a full, detailed list, view our report
Market challenge
  • Ban on inconsistent quality aftermarket magnesium alloy wheels
  • For a full, detailed list, view our report
Market trend
  • Rise in sales through online channels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Magnesium Alloy Wheels Market 2017-2021

Technavio recognizes the following companies as the key players in the global magnesium alloy wheels market: Marvic Wheels, BBI Autosport, Marchesini, and Vision Ability Dedication.

Other Prominent Vendors in the market are: OZ, APP TECH, SMW Engineering, Tan-ei-sya, Milinite, and Washi Beam.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in sales through online channels. The market for automotive parts and accessories of online B2C sales is expected to reach a value of $20 billion by 2020 in Europe and North America. Emerging markets such as Brazil and China will see incremental growth in online parts purchasing, whereas the western market will drive the transaction volume.”

According to the report, one driver in the market is growing popularity of automotive racing in developing economies. Automotive racing is popular in developed countries such as the US, Italy, France, Spain, the UK, North America, and Japan. OEMs participate and conduct racing championships in these regions. The sport is also gaining popularity in developing countries such as China, India, and the UAE. This has encouraged OEMs to invest in racing championships in these regions. With the growing popularity Formula One and Grand Prix in India, many companies such as Reliance and Mahinda are willing to sponsor teams for these events in the country.

Further, the report states that one challenge in the market is ban on inconsistent quality aftermarket magnesium alloy wheels. There are different techniques employed in the manufacturing of magnesium alloy wheels. This includes casting of wheels, forging from a single piece of magnesium, and other multi-piece wheels that involve different methods. Like any other automotive product, aftermarket wheels also include high-performance wheels and budget wheels. A few of the aftermarket alloy wheels maintain the same quality standards and safety standards as OEMs. Aftermarket alloy wheels may also deliver better performance over factory alloy wheels.

Companies Mentioned

Marvic Wheels, BBI Autosport, Marchesini, Vision Ability Dedication, OZ, APP TECH, SMW Engineering, Tan-ei-sya, Milinite, and Washi Beam.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Value chain of global magnesium alloy wheels market
  • Market landscape
    • Market overview
      • Table Segmentation of magnesium alloy wheels market
      • Table Product life cycle of alloy wheels market 2016
      • Table Product life cycle of alloy wheel market 2021
    • Market size and forecast
      • Table Global magnesium alloy wheels market 2016-2021 (million units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Segmentation of global magnesium alloy wheels market by application 2016 and 2021 (%)
      • Table Global magnesium alloy wheels market share by application 2016-2021 (%)
    • Global magnesium alloy wheels market for racing cars
      • Table Global magnesium alloy wheels market for racing cars 2016-2021 (million units)
      • Table List of auto racing organizers with category type
    • Global magnesium alloy wheels market for racing motorcycles
      • Table Global magnesium alloy wheels market for racing motorcycles 2016-2021 (million units)
      • Table Motorcycle road racing events 2017
      • Table Motorcycle off-road racing events 2017
      • Table Average weight of 20-inch 10-spoke wheel
  • Geographical segmentation
    • Segmentation of global magnesium alloy wheel market by geography
      • Table Global magnesium alloy wheels market by geography 2016 and 2021 (%)
      • Table Global magnesium alloy wheels market by geography 2016-2021 (% share)
    • Regulations of various championships
      • Table F1 Regulations
      • Table FIA World Endurance Championship regulations
      • Table Karting regulations
      • Table Formula E Championship regulations
      • Table World/ Asian/ African/ European/Middle East/ Cross Countries Rally Championship regulations
      • Table Off-road World Rally Cross Championship/Off-road European Rally Cross Championship/Off-road European Autocross Championship
      • Table FIM Superbike, Supersport and Supersport 300 World Championships regulations
      • Table FIM Endurance World Championship, Cup, and Super Twin Trophy regulations
      • Table FIM World Championship Grand Prix regulations
    • Magnesium alloy wheels market in the Americas
      • Table Magnesium alloy wheels market in the Americas 2016-2021 (million units)
      • Table Popular racing tracks in Americas
    • Magnesium alloy wheel market in EMEA
      • Table Magnesium alloy wheels market in EMEA 2016-2021 (million units)
      • Table Popular racing tracks in Europe
    • Magnesium alloy wheel market in APAC
      • Table Magnesium alloy wheels market in APAC 2016-2021 (million units)
      • Table Race tracks in APAC region
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive Landscape
    • Other prominent vendors
  • Key vendor analysis
    • Marvic Wheels
      • Table Marvic Wheels: Product portfolio
      • Table Marvic Wheels: Recent developments
    • BBI Autosport
      • Table BBI Autosport: Product portfolio
      • Table BBI Autosport: Recent developments
    • Marchesini
      • Table Marchesini: Product portfolio
      • Table Marchesini: Recent developments
    • Vision Ability Dedication (VAD)
      • Table VAD: Product portfolio
      • Table VAD: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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