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Home » Automotive » High-Performance Wheel Market Size, Share Report

High-Performance Wheel Market By Material (Aluminum, Magnesium, Carbon Fiber, Steel); By Rim Size (18 inches and below, 19-21 inches, 22 inches and above); By Vehicle Type (Passenger Cars, Sports Cars, Electric Vehicles (EVs), Commercial Vehicles); By Finish (Painted, Polished, Chrome, Powder-Coated); By Geography, Segment revenue estimation, Forecast, 2024–2032.

Published On: OCt-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 82046412

The high-performance wheel market was worth USD 23.4 billion in 2023 and will be worth USD 38.14 billion by 2030, growing at a CAGR of 6.3% during the forecast period.

 

The High-Performance Wheel market operates under the impulse of increasing utilization of light weight, corrosion resistant and low fuel consumption vehicles especially in luxury and sports segment. As the automobile market goes electric and powertrain standards are tightened across the world, lightweight and high-strength wheels with characteristics of aluminum forging, carbon fiber and other new materials are receiving more attention. For instance, lightweight wheel lowers car weight by up to 15% enhancing fuel economy and vehicle stability. Recent developments are the introduction of forging for material like aluminum and carbon fiber material in production of wheel for better performance due to reduction of unspring weight and better rate of braking and acceleration. The enhancement of electric vehicles, for which lightweight components are significant for increasing driving range, also helps drive demand for performance wheels. This trend enjoys a particularly high level in North-American and European countries, in which automobile organizations are selling electric vehicles more and more.

 

This is because the High-Performance Wheel market has available opportunities with the global Electric Vehicle (EV) market expected to expand at more than 20% each year. Therefore high performance light weight and durable wheels are crucial for range improvement in EVs, and hence is a hot cake in automobile manufacturing industries. For instance, wheels that utilize carbon fiber material can lower the unsprung weight by up to 40% making EV and high-performance sports cars more responsive to acceleration, brake force and in all aspects of performance. Recent developments include 3D-printed wheels and the creation of the wheels of an unusual design in order to decrease the vehicle’s weight and increase the level of aerodynamics. Many of these applications are now being adopted in these high-tier cars, particularly in electric vehicle segments and luxury cars such as Tesla and Porsche to name but a few, creating new markets for high-strength wheel makers. Turning to the EV market, it is expected that due to increased competition and consequent improvement upon battery capacity and electric motor efficiency, customers will demand wheels which are not only lightweight but also of superior quality.

 

Market Segmentation

By Material:

  • Aluminum

  • Magnesium

  • Carbon Fiber

  • Steel

 

By Rim Size:

  • 18 inches and below

  • 19-21 inches

  • 22 inches and above

 

By Vehicle Type:

  • Passenger Cars

  • Sports Cars

  • Electric Vehicles (EVs)

  • Commercial Vehicles

 

By Finish:

  • Painted

  • Polished

  • Chrome

  • Powder-Coated

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

Currently, North America has the largest share in the global High-Performance Wheel market owing to the increased sales of sports cars and luxury vehicles besides the rising market for EVs. The United States market for automotive represents sales of cars above 17 million and an increased demand for high-performance wheels for premium and performance cars. This has resulted in greater demand for resource-efficient wheels in the region while at the same time, an increased number of EV sales pushes the demand for efficient wheels even higher. Recent events are that many traditional automobile manufacturers and new EV makers based in America like Tesla are now including the high-performance wheels into all their electric vehicle models for enhanced driving range and efficiency. Also, new materials like carbon fiber as well as forged aluminum are being incorporated broadly in North America for improving car performance; strengthening the leading position in the market.

 

Key Players

  • BBS Kraftfahrzeugtechnik AG

  • Enkei Corporation

  • OZ S.p.A.

  • HRE Performance Wheels

  • Vossen Wheels

  • Ronal Group

  • Wheel Pros LLC

  • Forgeline Motorsports

  • Carbon Revolution

  • Alcoa Wheels

Frequently Asked Question About This Report

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Table of Contents

1.    HIGH-PERFORMANCE WHEEL MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    HIGH-PERFORMANCE WHEEL MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – HIGH-PERFORMANCE WHEEL MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Material Type of High-Performance Wheel and End Use Outlook Analysis
4.    HISTORIC TRENDS IN HIGH-PERFORMANCE WHEEL MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA HIGH-PERFORMANCE WHEEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America High-Performance Wheel Historical Market ($MILLION), (2017 – 2023)
6.2. North America High-Performance Wheel Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
6.3.1. Aluminum
6.3.2. Magnesium
6.3.3. Carbon Fiber
6.3.4. Steel
6.4. North America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Rim Size
6.4.1. 18 inches and below
6.4.2. 19-21 inches
6.4.3. 22 inches and above    
6.5. North America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Finish
6.5.1. Painted
6.5.2. Polished
6.5.3. Chrome
6.5.4. Powder-Coated
6.6. North America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
6.6.1. Passenger Cars
6.6.2. Sports Cars
6.6.3. Electric Vehicles (EVs)
6.6.4. Commercial Vehicles
6.7. North America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA HIGH-PERFORMANCE WHEEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE HIGH-PERFORMANCE WHEEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe High-Performance Wheel Historical Market ($MILLION), (2017 – 2023)
8.2. Europe High-Performance Wheel Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
8.4. Europe High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Rim Size
8.5. Europe High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Finish
8.6. Europe High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
8.7. Europe High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC HIGH-PERFORMANCE WHEEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC High-Performance Wheel Historical Market ($MILLION), (2017 – 2023)
9.2. APAC High-Performance Wheel Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
9.4. APAC High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Rim Size
9.5. APAC High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Finish
9.6. APAC High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
9.7. APAC High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA HIGH-PERFORMANCE WHEEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America High-Performance Wheel Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America High-Performance Wheel Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
10.4. Latin America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Rim Size
10.5. Latin America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Finish
10.6. Latin America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
10.7. Latin America High-Performance Wheel Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. BBS KRAFTFAHRZEUGTECHNIK AG
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. HRE Performance Wheels
11.3. Vossen Wheels
11.4. Ronal Group
11.5. Wheel Pros LLC
11.6. Forgeline Motorsports
11.7. Carbon Revolution
11.8. OTHER MARKET PLAYERS