Acumen Research and Consulting Magnesium Wheel Market is Anticipated to Surpass U
The Global Magnesium Wheel Market is expected to grow at noteworthy CAGR
around 3 % throughout the forecast period and reach around US$ 29 billion
by 2026.
The growing demand for magnesium wheels is driving the market share of
magnesium wheels over the predicted time frame, owing to their advantages,
which include lower weight, improved performance, better damping factor
and better heat dissipation. A higher preference for the production of light-
weight vehicles and support for fuel efficiency and reduced carbon emissions
regulations encourage market expansion.
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