Market Overview
The global Magnesium Wheel market is witnessing significant growth due to the rising demand for lightweight, high-performance automotive components. Valued at USD 3.2 billion in 2023, the market is projected to reach USD 6.5 billion by 2032, expanding at a CAGR of 8.1% during the forecast period (2024–2032).
Magnesium wheels are increasingly favored in sports cars, luxury...
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