Magnesium alloy wheels are automobile wheels that are made from magnesium, the use of magnesium alloy is to improve the performance of the vehicle by increasing the mileage. These wheels offer better weight reduction and acceleration. Wheels made from magnesium alloy are 20% - 25% lighter than aluminium alloy. This offers several benefits than ordinary wheels such as strength, lightness, high damping capacity, heat thermal conductivity. Magnesium wheels have been frequently applied to racing cars as every reduced gram weight of the vehicle improves its lap times. Growing concern related to consumption of fuel and government regulations about it is booming the demand for magnesium alloy wheels. The tendency towards improved driving experience joined by expanding substitution of traditional steel & aluminium wheels by effective and strong magnesium material will drive the magnesium alloy wheels request in the market.This growth is primarily driven by Increasing Popularity of Automotive Racing in Developing Economies and Optimization of Magnesium Alloy Wheel Dynamic Impact Performance.
Globally, a noticeable market trend is evident Lightweight Vehicles Along With Increased Road Safety Concern Is Growing the Demand of Magnesium Alloy Wheels. Major Vendors, such as Marvic Wheels (Italy), BBI Autosport (United States), Marchesini (United States), OZ Motorbike (ITALY), APP TECH (United States), SMW Engineering (United Kingdom), Panther Wheel (CANADA) and Rays Engineering (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Popularity of Automotive Racing in Developing Economies
- Optimization of Magnesium Alloy Wheel Dynamic Impact Performance
- Lightweight Vehicles Along With Increased Road Safety Concern Is Growing the Demand of Magnesium Alloy Wheels
- Magnesium Alloy Wheels Are More Expensive To Manufacture, Purchase, and Repair
Increasingly Stringent Regulatory Requirements for Energy Conservation and Emission Reduction
Use of Magnesium Alloy Wheels Is Flammable for Racing Car When Tire Gets Punctured and Wheel Scrapes On Rough Road Surface
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