About Motorcycle Wheels
The motorcycle wheel is an important component of any two-wheeled vehicle that is used ot mount tires. In today’s time, more and more motorcycle manufacturers are using alloy wheels due to their lightweight, high performance, and more rigidity that can handle higher speeds with stability and paramount. The increasing ownership of motorcycles coupled with the increasing population across the globe will accelerate the demand for motorcycle wheels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Motorcycle Wheels market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wanxiang Group Corporation (China), SMT Machining (United States), Central Wheel Components (United Kingdom), Zhongnan Aluminum Wheel Co., Ltd. (China), Tarazon (China), R.M Industries (India), Haan Wheels (Netherlands), JASTOO Wheels (China), Metalsport Wheels (United States) and Enkei Wheels (India) Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Central Wheel (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motorcycle Wheels market by Type (2D Wheels, 3D Wheels and Chip Foose), Application (Motorcycle, Scooter, Step-Through and Other) and Region.
On the basis of geography, the market of Motorcycle Wheels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Motorcycle Wheels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Cast Alloy Wheel will boost the Motorcycle Wheels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for 3D Wheels for Custom Made Motorcycles
Market Growth Drivers:
Increasing Use of Cast Alloy Wheels in the High-Performance Motorcycles and Increased Adoption of Sports Motorcycles Due to Growing Riding Community
Challenges:
Less Durability of Some Motorcycle Wheels and Unable for Rough Condition Roads
Restraints:
High Maintenance Cost Associated With Alloy Motorcycle Wheels
Opportunities:
Growing Popularity of Light Spoke Wheel Rim to Reduce the Weight and Optimized Design
Market Leaders and their expansionary development strategies
In October 2018, The Coker Group, manufacturer of collector car and motorcycle wheels and tires that includes the Coker Tire, Wheel Vintiques, Universal Vintage Tire, Phoenix Race Tires, Specialty Wheel and Roadster Wire Wheel brands, announced its purchase of PS Engineering and Vintage Wheel Works. This purchase represents the second major acquisition by the Coker Group since its purchase by the Coker management team and Irving Place.
In January 2024, Hero MotoCorp, one of the leading two-wheeler manufacturers globally, launched its most powerful motorcycle to date, the Mavrick 440. This new addition marks Hero MotoCorp's entry into the highly competitive mid-capacity segment of the Indian market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Motorcycle Wheels Manufacturers, Suppliers and Distributors, Raw Materials Providers, Venture Capitalists and Private Equity Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.