Magnesium Wheels are wheels manufactured from alloys which contain mostly magnesium.
Magnesium Wheels are produced either by casting (metalworking) (where molten metal is introduced into a mold, solidifying within the mold), or by forging (where a prefabricated bar is deformed mechanically). Magnesium has several key properties that make it an attractive base metal for wheels: lightness; a high damping capacity; and a high specific strength. Magnesium is the lightest metallic structural material available.It is 1.5 times less dense than aluminium, so magnesium wheels can be designed to be significantly lighter than aluminium alloy wheels, while exhibiting comparable strength.
Global Magnesium Wheel market size will reach 27700 million US$ by 2025, from 22700 million US$ in 2018, at a CAGR of 2.5% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Magnesium Wheel.
This industry study presents the global Magnesium Wheel market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Magnesium Wheel production, revenue and market share by manufacturers, key regions and type;
The consumption of Magnesium Wheel in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders SMW Engineering, MKW Alloy, etc.
The following manufacturers are covered in this report:
PVM Brakes & Wheels Mannheim
Magnesium Wheel Breakdown Data by Type
Magnesium Wheel Breakdown Data by Application
Magnesium Wheel Production by Region
Magnesium Wheel Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Magnesium Wheel status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Magnesium Wheel manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Magnesium Wheel :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Magnesium Wheel market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.