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Luxury priced vehicle segment - PowerPoint PPT Presentation

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

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

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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Automotive Wheel Market worth 50.54 Billion USD by 2025

Automotive Wheel Market worth 50.54 Billion USD by 2025

Automotive Wheel Market by Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class, End-Use, and Region - Global Forecast to 2025

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