What’s the best part of a car? For most people, it’s the wheels. But have you heard of Mag Wheels?
Technavio analysts forecast in their latest report that the global market for magnesium alloy wheels will grow at a CAGR of 2.0 over the forecast period. Technavio presents a detailed picture of the market through study, synthesis, and data aggregation from multiple sources.
The global market for magnesium alloys is expected to grow by 20% between 2017 and 2021. Mag wheels – also know as Magnesium alloy wheels – are here to stay.
Here’s everything you need to know.
Why Use Magnesium Alloy as Car Wheels?
Magnesium alloy wheels are often used in racing cars due to their low weight. They lead to shorter braking distances, faster acceleration, overall performance, and increased safety.
Due to their low weight, magnesium alloy wheels have lower fuel consumption (5-7%) and offer better strength and ductility. This is why custom alloy wheels are so great.
Technavio’s sample report is free and includes several sections on market size, forecasts, drivers, challenges, trends, and more.
Car Racing
Car racing is increasingly popular in developing countries such as the UK, Italy, France, Spain, the US, North America, and Japan.
It’s also picking up in Australia. Here’s a link you should follow to check out Mags Wheels car racing down under:
https://www.ozzytyres.com.au/news/mag-wheels-sydney-sale/
In these countries, OEMs actively participate in and conduct racing championships. Car racing is also gaining popularity in developing countries such as China, India, and the United Arab Emirates.
This has encouraged OEMs to invest in these developing countries’ “racing championships.
China has its own racing car series, such as the China Touring Championship, launched in 2003. India also uses cars forged with magnesium wheels.
The 2011 Formula, One event in India had the highest audience in the sport’s history. The increasing number of events in the region is leading to a market for wheels made of magnesium alloys.
Aluminum and magnesium are used in luxury cars and high-end sports cars. They can also be used to manufacture alloy wheels or a combination of both. Aluminum wheels are used in budget cars, while magnesium wheels are limited to racing cars.
Why is Magnesium Alloy Favored?
Magnesium alloy wheels have a higher thermal conductivity than steel wheels. The MotoGP team uses forged magnesium wheels. They manufacture them for racing events using advanced production technology, amey adds. Aluminum rims are also used in racing motorcycles.
Racing bikes are equipped with lighter, stronger forged magnesium wheels.
The Japanese JWL test, in which trucks are driven at high curb speeds in excess of 49 km/h, has shown that alloy wheels have higher rigidity and are more resistant to cracking than alloy wheels. The test was carried out on wheels made of steel as well as on forged wheels.
Steel wheels on trucks showed a lot of rim deformation and air loss on the tires, while forged wheels passed the test. Compared to heavy steel wheels, forged magnesium showed a 3% improvement in Alcoa’s tire rolling resistance test.
The forged magnesium wheels also reduced fuel consumption as they were 40% lighter than the cast alloy wheel and required less force to spin.
Technavio
Technavio is a leading global technology research and consulting firm. Our research and analysis focus on emerging market trends and provides actionable insights that help businesses identify market opportunities and develop effective strategies to optimize their market position.
With over 500 specialized analysts, Technavios “reporting library includes more than 10,000 reports and over 800 technologies from 50 countries. Its customer base includes companies of all sizes, including more than 100 Fortune 500 companies.
Your customers rely on our comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and evaluate their competitive position in changing market scenarios.
Aluminum vs. Magnesium
Wheels (magnetic rims) are made of an alloy of aluminum and magnesium. While most light-alloy wheels are cast from aluminum alloys, some are forged from magnesium alloys, which gives greater strength and elongation.
Light alloy wheels have been available in high-quality sports cars and luxury vehicles for the past two decades and have become accepted as a way of making cars cheaper. In cars, wheels are usually made of steel because their strength, durability, and appearance are considered decent.
Porsche Cayman
Look at the black wheels of the neighboring Porsche Cayman, and it is easy to see why so many have fallen for light alloy or alloy rims. The look of steel wheels has never looked good, and alloy wheels are a cosmetic enhancement that improves the visual effect, which is a major reason why many car owners choose alloy wheels.
Demand in motorsport has led to alloy wheels being used for their various advantages, and this is also appreciated by demand in the commercial market.
Axels can dissipate heat more efficiently than steel wheels. They have better heat conduction and dissipation. They also improve braking performance and reduce the risk of braking failure. For better performance, alloy wheels reduce unsprung weight and transfer less inertia to the springs, allowing the suspension to follow the terrain and provide better grip.
Mag Wheels Are Great
Mag wheels can be a really great addition to your car. They can make your car go faster and smoother. They can even help you move beyond the shortcomings of other materials on your car.
They’ve also been used on some of the highest-highest-rated successful wheels and cars, which have been entered into championships worldwide.
For more, be sure to check out the rest of our site.
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