Magnesium Wheel Market Rising Allocations On analysis And Innovation According to Stratistics MRC, the Magnesium Wheel market is accounted for $23.17 billion in 2017 and is expected to reach $34.73 billion by 2026 growing at a CAGR of 4.6%.
BriefingWire.com, 4/08/2021 - According to Stratistics MRC, the Magnesium Wheel market is accounted for $23.17 billion in 2017 and is expected to reach $34.73 billion by 2026 growing at a CAGR of 4.6%. The factors that are influencing the market are magnesiumâs quality is better than other materials like steel and aluminum. Magnesium wheels provide high damping capacity, which smoothens the ride. The factors which are hampering the Magnesium Wheel market is its high cost.