Acumen Research and Consulting Magnesium Wheel Market is Anticipated to Surpass U | Page 2
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Increasing consumer propensity to promote the growth of global magnesium
wheel markets in sports & premium cars. Forged wheels produce speeds,
decreases braking distances and increases the overall performance of the
vehicle. The forged wheels also contain a complex grain structure that
significantly improves wheel strength. These wheels also help to improve the
overall power to weight ratio for vehicles and thus increase market share.
The magnesium wheel market is increasing in size, shifting trends to lower-
weight vehicles and increasing security concerns. Due to increasing
disposable income the industry is encouraged to replace traditional steel
wheels with efficient and durable magnesium wheels by an inclination
towards a premium, and comfortable driving experience. Furthermore, the
premium design and design of these rollers significantly improves vehicle
aesthetics and thus increases the share of the business.
Driving Factors
The size of the magnesium wheel market is influenced positively by the
increase in R & D investment and technological innovations. Due to weight
reduction and improved acceleration, these wheels become more acceptable
for sports cars and premium bikes. The Magnesium wheels are 33% lighter
than traditional aluminum and 75% lighter than steel, for example, according
to the International Magnesium Association. In addition, these wheels are
ideal to travel across diverse road conditions due to their superior damping
capability and low vibration.
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