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Global Automotive Carbon Wheel Industry Market Dynamics & Strategic Insights 2021-2030
Automotive carbon wheels manufactured using a combination of carbon fiber and resin. The quality of resin and carbon fiber depends on the application. The carbon fiber products are manufactured using several manufacturing processes such as autoclave, prepreg technology, and resin transfer manufacturing technology. These advanced carbon wheels are lightweight and high strength and provide long wheel life. Automotive carbon wheels offer many other advantages over conventional wheels like durability, better road grip, self-vibration damping, and high heat resistance. Also, carbon wheels increase fuel efficiency and reduce carbon emissions.
Global Automotive Carbon Wheel Маrkеt іѕ ѕеgmеntеd on the bаѕіѕ оf Size Type (18 Inch, 19 Inch, 20 Inch) by sale channel (OEM, Aftermarket), by Vehicle Types (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers, and Other Vehicle Types), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Automotive Carbon Wheel Market wаѕ vаluеd аt USD 6897.6 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 28.3% frоm 2021 tо 2030.
The report on Global Automotive Carbon Wheel Маrkеt which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the global Automotive Carbon Wheel Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Automotive Carbon Wheel Маrkеt, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Automotive Carbon Wheel Маrkеt from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Automotive Carbon Wheel Маrkеt.
Market Dynamics:
Growing vehicle production and increasing demand for lightweight materials are major factors that drive the growth of the global automotive carbon wheels market over the forecast period. In addition, population growth, rising disposable incomes coupled with increasing inclination of people towards advanced automotive products are factors expected to boost the growth of the automotive carbon wheels market.
• For instance, Automobili Lamborghini S.p.A which is a Germany-based performance car manufacturer witnessed a 43% rise in sales in 2019 with a total of 8,205 units sold globally as compared to 5,750 units sold in the previous year. Thus, a rise in the sale of performance vehicles is driving the global automotive carbon wheel market.
• May 2016, Ford Motor Company and its partner Carbon Revolution developed carbon wheels, which are offered with Ford GT, Shelby GT350R, and Mustang Shelby GT500 models. Other OEMs such as Ferrari N.V., McLaren Group, Automobili Lamborghini S.p.A., Porsche AG, and Koenigsegg Automotive AB are also using carbon wheels in their vehicles. Thus, a reduction in weight and other related benefits are driving the automotive carbon wheel market across the globe.
However, volatility in raw material values is a major factor restraining the growth of the global automotive carbon wheels market. Also, the lack of standardization of the manufacturing process of automotive carbon wheels is another factor expected to challenge the growth of the target market to a certain extent.
Increasing adoption of carbon fiber in the automotive industry and rising investment in wheel design for better aerodynamics are expected to create potential opportunities for companies or manufacturers operating in the market.
Segmental Analysis:
Among the size type segments, the 19 Inch is accounted for major revenue share and is expected to maintain its dominance in the global market.
Among the sale channel segment, the OEM segment is expected to dominate the global market over the 10-years forecast period, owing to the increasing focus of various OEMs on carbon wheels material in automotive.
Among the vehicle type segments, the passenger cars segment is expected to account for the highest market share, owing to increasing in R&D investment and increasing demand for passenger vehicles across the globe. Moreover, rising disposable income, mainly in developing countries such as China, India, Mexico, and others are driving the market in the passenger vehicle segment.
Regional Analysis:
Asia Pacific market is expected to account for the highest shares in the automotive carbon wheels market, owing to the expansion of the automotive industry and the presence of major carbon wheel manufacturers in developing countries, such as China and India. The Europe market accounts for the second-highest share in terms of revenue in the global automotive automotive carbon wheels over the forecast period. This dominance can be attributed to the presence of major automotive manufacturers and automotive acoustic engineering service providers in countries in the region.
This can be attributed to the unprecedented growth and sale of a sports car that is fuelling the demand for automotive carbon wheels. Moreover, strict government regulations to control pollution are expected to strengthen the market of automotive carbon wheels. Germany is accounted for the major contributor to the growth of the carbon wheels market due to the presence of major motorsports car manufacturing companies.
Global Automotive Carbon Wheel Market Segmentation:
Segmentation by Size Type:
• 18 Inch
• 19 Inch
• 20 Inch
Segmentation by sale channel:
• OEM
• Aftermarket
Segmentation by Vehicle Types:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Trucks
• Buses & Coaches
• Trailers
• Other Vehicle Types
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Playes:
Rotobox
Dymag
ESE Carbon
Blackstone Tek
HRE Wheels
Weds Co. Ltd
Carbon Revolution
Carbon Revolution
Geric
STREN
Global Automotive Carbon Wheel Маrkеt іѕ ѕеgmеntеd on the bаѕіѕ оf Size Type (18 Inch, 19 Inch, 20 Inch) by sale channel (OEM, Aftermarket), by Vehicle Types (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers, and Other Vehicle Types), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Automotive Carbon Wheel Market wаѕ vаluеd аt USD 6897.6 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 28.3% frоm 2021 tо 2030.
The report on Global Automotive Carbon Wheel Маrkеt which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the global Automotive Carbon Wheel Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Automotive Carbon Wheel Маrkеt, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Automotive Carbon Wheel Маrkеt from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Automotive Carbon Wheel Маrkеt.
Market Dynamics:
Growing vehicle production and increasing demand for lightweight materials are major factors that drive the growth of the global automotive carbon wheels market over the forecast period. In addition, population growth, rising disposable incomes coupled with increasing inclination of people towards advanced automotive products are factors expected to boost the growth of the automotive carbon wheels market.
• For instance, Automobili Lamborghini S.p.A which is a Germany-based performance car manufacturer witnessed a 43% rise in sales in 2019 with a total of 8,205 units sold globally as compared to 5,750 units sold in the previous year. Thus, a rise in the sale of performance vehicles is driving the global automotive carbon wheel market.
• May 2016, Ford Motor Company and its partner Carbon Revolution developed carbon wheels, which are offered with Ford GT, Shelby GT350R, and Mustang Shelby GT500 models. Other OEMs such as Ferrari N.V., McLaren Group, Automobili Lamborghini S.p.A., Porsche AG, and Koenigsegg Automotive AB are also using carbon wheels in their vehicles. Thus, a reduction in weight and other related benefits are driving the automotive carbon wheel market across the globe.
However, volatility in raw material values is a major factor restraining the growth of the global automotive carbon wheels market. Also, the lack of standardization of the manufacturing process of automotive carbon wheels is another factor expected to challenge the growth of the target market to a certain extent.
Increasing adoption of carbon fiber in the automotive industry and rising investment in wheel design for better aerodynamics are expected to create potential opportunities for companies or manufacturers operating in the market.
Segmental Analysis:
Among the size type segments, the 19 Inch is accounted for major revenue share and is expected to maintain its dominance in the global market.
Among the sale channel segment, the OEM segment is expected to dominate the global market over the 10-years forecast period, owing to the increasing focus of various OEMs on carbon wheels material in automotive.
Among the vehicle type segments, the passenger cars segment is expected to account for the highest market share, owing to increasing in R&D investment and increasing demand for passenger vehicles across the globe. Moreover, rising disposable income, mainly in developing countries such as China, India, Mexico, and others are driving the market in the passenger vehicle segment.
Regional Analysis:
Asia Pacific market is expected to account for the highest shares in the automotive carbon wheels market, owing to the expansion of the automotive industry and the presence of major carbon wheel manufacturers in developing countries, such as China and India. The Europe market accounts for the second-highest share in terms of revenue in the global automotive automotive carbon wheels over the forecast period. This dominance can be attributed to the presence of major automotive manufacturers and automotive acoustic engineering service providers in countries in the region.
This can be attributed to the unprecedented growth and sale of a sports car that is fuelling the demand for automotive carbon wheels. Moreover, strict government regulations to control pollution are expected to strengthen the market of automotive carbon wheels. Germany is accounted for the major contributor to the growth of the carbon wheels market due to the presence of major motorsports car manufacturing companies.
Global Automotive Carbon Wheel Market Segmentation:
Segmentation by Size Type:
• 18 Inch
• 19 Inch
• 20 Inch
Segmentation by sale channel:
• OEM
• Aftermarket
Segmentation by Vehicle Types:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Trucks
• Buses & Coaches
• Trailers
• Other Vehicle Types
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Playes:
Rotobox
Dymag
ESE Carbon
Blackstone Tek
HRE Wheels
Weds Co. Ltd
Carbon Revolution
Carbon Revolution
Geric
STREN
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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