Carbon Wheels Market Report

Market Insights

Carbon Wheels Market is likely to witness an impressive CAGR of 32.0% during the forecast period. Increasing range of hybrid and electric vehicles, shifting focus of consumers toward lightweight components to minimize emissions, and growing sales of premium vehicles are some of the major factors driving the growth of the carbon wheels market during the forecast period.

Segments' Analysis

Wish to Get a Free Sample? Register Here

Carbon Wheels Market Share: By Vehicle Type

Based on the vehicle type, the market is segmented as passenger cars, premium vehicles, commercial vehicles, and two-wheelers. The premium vehicles market accounted for the largest share of the market in 2020 and is estimated to maintain its growth rate owing to increasing disposable income and easy credit facilities during the forecast period. Also, emerging regulations to reduce the emission of CO2 globally is further expected to fuel the product demand in the market during the forecast period.

Carbon Wheels Market Share: By End-Use Type

Based on the end-use type, the market is segmented as OEM and aftermarket. The OEM segment is estimated to hold the major share of the market during the forecast period on account of growing availability of high-end vehicles. In addition, growing inclination towards product quality, reliability and after sales services is further expected to accelerate the segment’s growth during the forecast period.  

Carbon Wheels Market Share: By Region

In terms of regions, North America is estimated to account for the major share of the market during the forecast period. The growth of the region’s market is owing to the presence of some of the key players of the automotive industry and huge investment flow in the regional market. Further, Latin America is estimated to witness significant growth rate in the market on account of the growing demand for SUVs and LCVs, and increasing presence of automotive manufacturers in the region over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.    

Know which region offers best growth opportunities. Register Here

Market Scope & Segmentation

Carbon wheels are manufactured using a combination of carbon fiber and resin by implementing a suitable manufacturing method, and the quality of these carbon fibers and resins usually depends on the application of the product. These wheels have high strength and are lightweight, enhancing the vehicle efficiency.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The carbon wheels market is segmented into the following categories. 

Carbon Wheels Market Size, Share, & Forecast, by Vehicle Type:

• Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Premium Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Two-wheelers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Carbon Wheels Market Size, Share, & Forecast, by End-Use Type:

• OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Carbon Wheels Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to know the most attractive market segments? Register Here

Key Players

Some of the key players in the carbon wheels market are-

• BST - Blackstone TEK
• Carbon Revolution Limited
• Dymag Group Ltd.
• Geric B.V.
• Phoenix Wheel Company, Inc.
• Ronal Group
• Rotobox D.O.O.
• The ESE Carbon Company
• ThyssenKrupp AG
• Vision Ability Dedication Limited.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the vehicle types by end-use type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com