Global Magnesium Wheel Market Size Analysis, 2019-2028

REPORT ID: BKR1006Domain: AutomotivePublished Date: January 2019
Pages: 258Format: PDF

Magnesium wheels are light in weight with higher high damping capacity and good specific strength. They are generally produced by casting and forging. On an average it is 150 percent lesser density than aluminium. It is because of this that they are highly used in racing cars. Magnesium finds a wide range of applications in automotive sector including seat frames, transmission system casings, lock bodies and air-bag housings. Its high availability has further boosted its usage.

Magnesium wheel market size is estimated to be valued over US$ 20.1 billion in 2019. The Industry will register a CAGR of 2.8% to create substantial market opportunity for next ten years. The growth in the market is mainly due to rising demand for racing cars and other light weight vehicles. The demand will further increase with emergence of light electric rickshaw and other light vehicles.  As per the estimates, over 39 million units of magnesium wheel were sold worldwide in 2018. The number is expected to increase by 1.4X during the forecast period.

Global Magnesium Wheel Market Drivers and Restraints

Magnesium wheel market is growing at a substantial rate. Automotive industry is expected to increase with rise in demand for green mobility. Electric cars and other vehicles is gaining traction at a very high pace. Superior quality components are leveraged while manufacturing such automobiles. It is expected that magnesium wheels will gain higher traction owing to electric cars and three wheeler vehicles.

While magnesium wheel has its own benefits, these vehicles are generally not preferred for heavy duty vehicles and other alternative elements including aluminium has become a preferred choice for many manufacturers. As such, competition from outside segment is proving to be a major challenge for industry players.

Global Magnesium Wheel Market Size and Forecast: Regional Analysis

In 2018, Asia Pacific is estimated to account for highest sales of magnesium wheel. The region accounted for over 42% of global magnesium wheel market share in 2018. Higher sales of two wheelers and three wheelers in China and India has created favorable ecosystem for industry players. Furthermore, gradual shift from conventional motor vehicles to electric vehicles is creating good market prospects for magnesium wheeler companies to flourish. India and China has not only managed to dominate the global sales but also the global production. Collectively, the region has highest number of manufacturers and contract manufacturers.

Western Europe stands next to Asia Pacific magnesium wheel market size. Majority of the sales is concentrated in EU-5 with region also exporting to CEE and MEA.

Global Magnesium Wheel Market Size and Forecast: Competition Landscape

Some key Magnesium wheel Market Players are:

  • SMW Engineering
  • Enkei
  • MKW Alloy
  • BBS
  • Z. Group

Industry Segmentation

By Process Control:

  • Forged
  • Cast

By Distribution Pattern:

  • OEM
  • Aftermarket

By Vehicle:

  • Two Wheelers
  • Three Wheelers
  • Sports Utility Vehicles

What Will You Discover in the Report?

  • An in-depth analysis of the Magnesium Wheel market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Magnesium Wheel market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Magnesium Wheel market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Magnesium Wheel industry during the forecast period
  • Who are the Magnesium Wheel industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Magnesium Wheel Industry Suppliers
  • Magnesium Wheel Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Magnesium Wheel market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Magnesium Wheels Market Overview

  1. Executive Summary
  2. Research Methodology
  3. Magnesium Wheels Market Overview
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Automotive Tires Market Analysis (Parent Market)
    • Automotive Sales, By Countries
    • Value Chain Analysis
      • Profitability Analysis, Across Nodes
      • List of Key Players and Competition Analysis, Across Nodes
    • R&D Spending Analysis
  4. Global Magnesium Wheels Market Overview
    • Market Outlook and Forecast
      • Value Sales (US$ Million)
      • Growth Analysis
    • Leading Industry Players
  5. Magnesium Wheels Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
      • Impact Analysis (2018 – 2028)
    • Market Restraints
    • Trends
    • Opportunities
    • Manufacturing Outlook
    • Marketed Details
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  6. Magnesium Wheels Pricing Analysis
    • Pricing Forecast
      • Developed Regions Scenario
      • Developing Regions Scenario
    • Pricing Trends
      • Historical Trends
      • Forecast Pricing Trends
  1. Magnesium Wheels Market, By Process
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Forged
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Cast
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  2. Magnesium Wheels Market, By Distribution Pattern
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • OEM
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Aftermarket
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  3. Magnesium Wheels Market, By Vehicle
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Two Wheelers
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Three Wheelers
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Sports Utility Vehicle
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  4. Magnesium Wheels Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2018 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  5. North America Magnesium Wheels Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • United States Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Canada Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Western Europe Magnesium Wheels Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • Germany Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • France Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • UK Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Netherlands Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Spain Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • BENELUX Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Italy Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • NORDIC Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Central and Eastern Europe (CEE) Magnesium Wheels Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • Russia Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Poland Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Ukraine Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Turkey Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • China Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Japan Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • India Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Korea Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Australia Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • ASEAN Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Asia Pacific Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Latin America Magnesium Wheels Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • Brazil Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Argentina Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Chile Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Mexico Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Uruguay Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Latin Ameica Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Israel Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Iran Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Middle East Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Africa Magnesium Wheels Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Process Control
    • Revenue Analysis (US$ Million), By Vehicle
    • Revenue Analysis (US$ Million), By Distribution Pattern
    • Revenue Analysis (US$ Million), By Country
      • North Africa Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Central Africa Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Africa Magnesium Wheels Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
      • Introduction
      • Company Market Share by Regions
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • SMW Engineering
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • Enkei
      • MKW Alloy
      • BBS
      • Z. Group

Analyst Recommendations

(Key Pointers Covered for all other companies)

Magnesium Wheel Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Magnesium Wheel Market Growth Forecasting Methodology

In order to prepare historical data and analyze Magnesium Wheel market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Magnesium Wheel market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Magnesium Wheel market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Magnesium Wheel industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Magnesium Wheel Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

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2019-01-27T15:11:12+00:00 January 27th, 2019|