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High performance wheels - PowerPoint PPT Presentation

The luxury priced vehicle segment is estimated to be the largest and fastest growing segment of automotive wheel market

The automotive wheel market for luxury priced vehicle is estimated to grow at the highest rate during the forecast period. Luxury-priced vehicles include premium sports vehicle variants, which use high-performance wheels. These vehicles are performance-oriented, and wheels play a vital role in improving the vehicle dynamics. Due to increasing competition in the automotive industry, luxury and premium car manufacturers have increased their focus on high-performance vehicles. These companies along with wheels manufacturers are investing heavily in R&D to develop lightweight and high-strength wheels, which will help boost the car performance.

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High Performance Wheels Market | Global Industry Report, 2023 | Hexa Research

The growing automobile industry is anticipated to be a key growth driver for the high performance wheels industry. The increase in performance cars coupled with fuel efficiency requirements is expected to drive the industry size over the upcoming years.

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113 views • 4 slides

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High performance wheels - PowerPoint PPT Presentation

The luxury priced vehicle segment is estimated to be the largest and fastest growing segment of automotive wheel market

High Performance Wheels Market | Global Industry Report, 2023 | Hexa Research