Carbon Wheels Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030
Report Description
The global Carbon Wheels Market size was valued at USD 109.8 million in 2022, expanding at a CAGR of 39.7% from 2023-2030 to reach 1,300.1 Million USD in 2030.
Market Dynamics
Carbon Wheels Market is expected to witness substantial growth over the forecast period. The main factors anticipated to increase demand for automotive carbon wheels and increase the market size for these wheels are the desire to reduce vehicle weight and enhance fuel efficiency. The decrease in vehicle weight, which increases performance and efficiency, is a major concern for the automobile industry. Improved mobility, a quieter and smoother ride, quicker acceleration and deceleration, better suspension, and ongoing fuel efficiency improvements are all benefits of lighter wheels. Due to the rising disparity between buyers in the U.S., Europe, and China, where they seek powertrain, exterior design, which is driving performance, interior design & functionality, brand, and connectivity, the U.S. has noticed a consistent rise in the sale of premium executive automobiles. Additionally, government programs to promote the use of electric vehicles in response to growing worries about climate change and global warming will help spur product uptake. The market for carbon wheels for automobiles is driven by all of these considerations.
However, the market for automotive carbon wheels may not expand as much in the upcoming years due to the high initial cost of producing carbon fiber material. Additionally, carbon wheels are only offered in a few sizes, and due to their high price, only certain vehicle segments can use them. The global market for automobile carbon wheels is suffering as a result.
Regional Insights
During the projection period, the Europe Carbon Wheels Market is anticipated to
hold the largest share of the market due to greater visibility of substantial innovation and product differentiation among carbon wheel producers in the area. The use of carbon fiber composite materials in vehicles by leading automakers in the Europe region, including Porsche, BMW, Ferrari, Mercedes-Benz, Audi, and Lamborghini, as well as a strong focus on materials engineering for the development of light automotive composite materials, such as carbon fiber automotive rims and wheels, are anticipated to support the growth of the carbon wheels market in the Europe region during the forecast period. Asia Pacific is another region that can develop into a significant center for revenue. Rising sales of luxury vehicles in the APAC area, particularly in China, which is a major factor in global automotive sales, will be the growth's primary driver.
Segment Dynamics
The Carbon Wheels Market is fragmented into Vehicle Type, and End User segments. Based on the end user, the OEM segment is anticipated to dominate the market. By vehicle type, the Passenger cars segment of the market is projected to grow at the highest CAGR (Compounded Annual Growth rate) during the forecast period.
Competitive Insights
The Carbon Wheels Market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in July 2022, CarDr.Com launched a new OBD app for automotive dealers. Moreover, in May 2023, Dymag Group Ltd. announced a partnership with Hankuk Carbon company to mass-produce carbon composite wheels for the automotive industry. This partnership is expected to rapidly scale up carbon composite wheel production, bringing higher volume and cost efficiencies and volumes
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Carbon Wheels Markets by type describes the industry environment, then analyses the introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Carbon Revolution Limited
- Dymag Group Ltd.
- Ronal Group
- Geric B.V
- ESE Carbon Company
- Rotobox D.0.0.
- Blackstone Tek
- Thyssenkrupp AG
- Phoenix Wheel Company, Inc.
Carbon Wheels Market Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Passenger Cars
- Commercial Vehicles
- Two-wheelers
Carbon Wheels Market End User Outlook (Revenue, USD Million, 2018 - 2030)
- OEM
- Aftermarket
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
TABLE OF CONTENT
1. Carbon Wheels Market Overview
1.1. Product Overview and Scope of Carbon Wheels Market
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Carbon Wheels Market Consumption Comparison by Vehicle Type: 2022 VS 2030
1.3.1. Passenger Cars
1.3.2. Commercial Vehicles
1.3.3. Two-wheelers
1.4. Global Carbon Wheels Market Consumption Comparison by End User: 2022 VS 2030
1.4.1. OEM
1.4.2. Aftermarket
1.5. Global Carbon Wheels Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.5.1. North America Carbon Wheels Market Estimates
1.5.2. Europe Carbon Wheels Market Estimates
1.5.3. China Carbon Wheels Market Estimates
1.5.4. Japan Carbon Wheels Market Estimates
2. Market Competition by Manufacturers
2.1. Global Carbon Wheels Market Revenue Market Share by Manufacturers (2020)
2.2. Carbon Wheels Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Carbon Wheels Market Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Carbon Wheels Market Production Sites, Area Served, Product Types
2.5. Carbon Wheels Market Competitive Situation and Trends
2.5.1. Carbon Wheels Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Carbon Wheels Market Consumption by Region (2018-2022)
3.1. Global Carbon Wheels Market Consumption by Region
3.2. Global Carbon Wheels Market Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Carbon Wheels Market Consumption Growth Rate (2018-2022)
3.2.3. North America Carbon Wheels Market Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Carbon Wheels Market Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Carbon Wheels Market Consumption Growth Rate (2018-2022)
3.2.7. Europe Carbon Wheels Market Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Carbon Wheels Market Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Carbon Wheels Market Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Carbon Wheels Market Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Carbon Wheels Market Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Carbon Wheels Market Consumption Growth Rate (2018-2022)
3.2.15. South America Carbon Wheels Market Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Carbon Wheels Market Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Carbon Wheels Market Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Carbon Wheels Market Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Carbon Wheels Market Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Carbon Wheels Market Consumption by Vehicle Type (2018-2022)
4.1. Global Carbon Wheels Market Price by Vehicle Type (2018-2022)
4.2. Global Carbon Wheels Market Revenue Market Share by Vehicle Type (2018-2022)
4.2.1. Passenger Cars
4.2.2. Commercial Vehicles
4.2.3. Two-wheelers
5. Global Carbon Wheels Market Consumption by End User (2018-2022)
5.1. Global Carbon Wheels Market Price by End User (2018-2022)
5.2. Global Carbon Wheels Market Revenue Market Share by End User (2018-2022)
5.2.1. OEM
5.2.2. Aftermarket
6. Key Companies Profiled
6.1. Geric B.V
6.1.1. Geric B.V Carbon Wheels Market Corporation Information
6.1.2. Geric B.V Carbon Wheels Market Product Portfolio
6.1.3. Geric B.V Carbon Wheels Market Consumption, Price and Gross Margin (2018-2022)
6.1.4. Geric B.V Main Business and Markets Served
6.1.5. Geric B.V Recent Developments/Updates
6.2. Carbon Revolution Limited
6.3. Dymag Group Itd.
6.4. Ronal Group
6.5. ESE Carbon Company
6.6. Rotobox D.0.0.
6.7. Blackstone Tek
6.8. Thyssenkrupp AG
6.9. Phoenix Wheel Company, Inc.
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Carbon Wheels Market Distributors List
7.3. Carbon Wheels Market Customers
8. Market Dynamics
8.1. Carbon Wheels Market Industry Trends
8.2. Carbon Wheels Market Growth Drivers
8.3. Carbon Wheels Market Challenges
8.4. Carbon Wheels Market Restraints
9. Global Carbon Wheels Market Consumption and Demand Forecast, by Region (2023-2030)
9.1. Global Forecasted Demand Analysis of Carbon Wheels Market, by Regions and Country
9.1.1. North America Forecasted Consumption of Carbon Wheels Market by Country
9.1.2. Europe Market Forecasted Consumption of Carbon Wheels Market by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Carbon Wheels Market by Region
9.1.4. Latin America Forecasted Consumption of Carbon Wheels Market by Country
9.1.5. Middle East and Africa Forecasted Consumption of Carbon Wheels Market by Country
10. Global Carbon Wheels Market Consumption and Demand Forecast, by Vehicle Type Segments (2023-2030)
10.1. Global Forecasted Consumption of Carbon Wheels Market by Vehicle Type Segments (2023-2030)
10.2. Global Consumption and Price Forecast by Vehicle Type Segments (2023-2030)
10.3. Global Forecasted Growth Rate of Carbon Wheels Market by Vehicle Type Segments (2023-2030)
11. Global Carbon Wheels Market Consumption and Demand Forecast, by End User Segments (2023-2030)
11.1. Global Forecasted Consumption of Carbon Wheels Market by End User Segments (2023-2030)
11.2. Global Consumption and Price Forecast by End User Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Carbon Wheels Market by End User Segments (2023-2030)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Design
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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