Acumen Research and Consulting Magnesium Wheel Market is Anticipated to Surpass U | Page 3

Several federal organizations, including Canada’s Lightweight Materials Research Initiative, support R&D in magnesium technology development. The Climate Change Innovation Initiative and the Energy Research and Development Fund Program support this initiative. These funds are earmarked for research on magnesium products and development of automotive components. Researchers in Canada also cooperate with the United States. Energy Department and play a key role in projects including the Magnesium Development Project for Structural Cast. The magnesium wheel market will be expanded by stringent government regulation to promote lightweight automotive components. The vehicle’s gross weight should be no more than 10,500 pounds under the Regulation of the California Vehicle Code. Automobile manufacturers continue to focus on lightweight, reliable and durable wheels to replace the traditional spare wheels, thereby helping to save vehicle weight. Segment Stance Due to the increasing inclination of manufacturers to reduce vehicle weight, the OEM will significantly increase on the market in the magnesium wheel. In addition, the magnesium wheels offer greater rigidity and heat dissipation, which makes them ideal for use in sports and premium automobiles. In addition, these wheels deliver significant improvements in performance and significantly improve vehicle efficiency. Increased impact resistance and weight reduction are provided by lower-weight wheels which support magnesium wheels market development over the planned time period. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Would like to place an order or any question, please feel free to contact at [email protected] | [phone]