Market Overview:
The global automotive carbon fiber wheels market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight vehicles and rising awareness about the benefits of using carbon fiber wheels. Based on type, the global automotive carbon fiber wheels market has been segmented into 19 inch, 20 inch, 21 inch and other segments. Among these, 20 inch segment is expected to account for a major share of the global automotive carbon fiber wheel market during the forecast period. This can be attributed to its growing popularity among consumers owing to its superior performance characteristics as compared with other types of wheels available in the market. On basis of application, OEM segment is anticipated hold a dominant position in terms of revenue contribution throughoutthe forecast period followed by aftermarket segment .
Product Definition:
Automotive carbon fiber wheels are made of carbon fiber composite materials. They are typically stronger and lighter than traditional aluminum alloy wheels, making them more desirable for performance vehicles. Carbon fiber wheels can also improve the aerodynamic properties of a vehicle, reducing drag and improving fuel efficiency.
19 inch:
The 19 inch wheel size is one of the most popular sizes in the automotive carbon fiber wheels market. The growth in demand for vehicles with high performance and lightweight components has led to an increase in production of such components, which is expected to drive product demand over the forecast period.
19 inches are preferred by majority of manufacturers as they provide better stability during braking and cornering due to increased contact between tires & rim, resulting into reduced vibrations & noise generation inside vehicle.
20 inch:
The 20 inch wheel size is one of the most popular sizes in the automotive carbon fiber wheels market. The growth of this segment can be attributed to its wide application range in sports cars, luxury vehicles and supercars. In addition, these wheels are considered as a status symbol for many high-end vehicles which also contributes to their demand.
20 inches is a standard wheel size that can be found on many high performance cars such as Audi S6, Mercedes SLK55 AMG.
Application Insights:
OEMs and aftermarket segments are segregated based on the application of the product. In 2017, OEM segment dominated the overall industry with a revenue share of over 89%. The primary reason behind this high share is that most of the automotive manufacturers prefer to source their parts from original equipment manufacturers (OEMs). This approach helps them in maintaining quality control as well as reducing production costs.
Carbon fiber wheels have several advantages over conventional steel or aluminum wheels including reduced weight, improved aerodynamics, and better handling characteristics. These aforementioned factors help in improving fuel efficiency by approximately 4% to 5%. Besides this improvement factor, carbon fiber wheels also offer other significant benefits such as reduction in cabin noise level by around 10 dB and improvement in ride quality resulting into increased sales across all markets including Europe, Asia Pacific and North America regions.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand from OEMs and aftermarket customers. The U.S., being a major automobile manufacturing hub, has witnessed an increase in production of carbon fiber wheels since their introduction on a large scale by manufacturers based there.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 due to rising disposable income levels and growing automotive industry across countries such as China, India, Japan and South Korea among others. Moreover, favorable government regulations aimed at promoting new investments are also expected drive growth over this period. Increasing use of electric vehicles will further fuel growth during the forecast period as these vehicles require lightweight components for improved performance while reducing weight as compared to internal combustion engine (ICE) cars with similar specifications running on diesel or gasoline fuels (Varghese & Sreekumar 2016).
Growth Factors:
- Increasing demand for luxury and performance cars
- Rising disposable income of consumers in developing countries
- Technological advancements in carbon fiber manufacturing processes
- Stringent government regulations on fuel emissions and weight reduction in automobiles
- Growing popularity of eco-friendly/sustainable transportation solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Carbon Fiber Wheels Market Research Report
By Type
19 inch, 20 inch, 21 inch, Other
By Application
OEM, Aftermarket
By Companies
Carbon Revolution, Dymag, ESE Carbon, Geric, Blackstone Tek, Rotobox, HRE Wheels, WEDS, STREN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Carbon Fiber Wheels Market Report Segments:
The global Automotive Carbon Fiber Wheels market is segmented on the basis of:
Types
19 inch, 20 inch, 21 inch, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carbon Revolution
- Dymag
- ESE Carbon
- Geric
- Blackstone Tek
- Rotobox
- HRE Wheels
- WEDS
- STREN
Highlights of The Automotive Carbon Fiber Wheels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 19 inch
- 20 inch
- 21 inch
- Other
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Carbon Fiber Wheels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive carbon fiber wheels are made from a composite material that is composed of carbon and other materials. The composite material is then shaped into the desired wheel shape, and then coated with a hard finish. This makes the wheel extremely durable and able to withstand high speeds and impacts.
Some of the major companies in the automotive carbon fiber wheels market are Carbon Revolution, Dymag, ESE Carbon, Geric, Blackstone Tek, Rotobox, HRE Wheels, WEDS, STREN.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Carbon Fiber Wheels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Carbon Fiber Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Carbon Fiber Wheels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Carbon Fiber Wheels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Carbon Fiber Wheels Market Size & Forecast, 2018-2028
4.5.1 Automotive Carbon Fiber Wheels Market Size and Y-o-Y Growth
4.5.2 Automotive Carbon Fiber Wheels Market Absolute $ Opportunity
Chapter 5 Global Automotive Carbon Fiber Wheels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Carbon Fiber Wheels Market Size Forecast by Type
5.2.1 19 inch
5.2.2 20 inch
5.2.3 21 inch
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Carbon Fiber Wheels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Carbon Fiber Wheels Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Carbon Fiber Wheels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Carbon Fiber Wheels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Carbon Fiber Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Carbon Fiber Wheels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Carbon Fiber Wheels Market Size Forecast by Type
9.6.1 19 inch
9.6.2 20 inch
9.6.3 21 inch
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Carbon Fiber Wheels Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Carbon Fiber Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Carbon Fiber Wheels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Carbon Fiber Wheels Market Size Forecast by Type
10.6.1 19 inch
10.6.2 20 inch
10.6.3 21 inch
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Carbon Fiber Wheels Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Carbon Fiber Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Carbon Fiber Wheels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Carbon Fiber Wheels Market Size Forecast by Type
11.6.1 19 inch
11.6.2 20 inch
11.6.3 21 inch
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Carbon Fiber Wheels Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Carbon Fiber Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Carbon Fiber Wheels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Carbon Fiber Wheels Market Size Forecast by Type
12.6.1 19 inch
12.6.2 20 inch
12.6.3 21 inch
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Carbon Fiber Wheels Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Carbon Fiber Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Carbon Fiber Wheels Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Carbon Fiber Wheels Market Size Forecast by Type
13.6.1 19 inch
13.6.2 20 inch
13.6.3 21 inch
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Carbon Fiber Wheels Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Carbon Fiber Wheels Market: Competitive Dashboard
14.2 Global Automotive Carbon Fiber Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carbon Revolution
14.3.2 Dymag
14.3.3 ESE Carbon
14.3.4 Geric
14.3.5 Blackstone Tek
14.3.6 Rotobox
14.3.7 HRE Wheels
14.3.8 WEDS
14.3.9 STREN
