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Automotive Carbon Wheels Market To Expand At 9.9% CAGR, Surpassing $1.5 Billion By 2030 AMR
(MENAFN- EIN Presswire)
WILMINGTON, NEW CASTLE, DE, UNITED STATES, February 19, 2025 /EINPresswire / -- According to a new report published by Allied Market Research, titled,“Automotive Carbon Wheels Market Size, Share, Competitive Landscape and Trend Analysis Report, by Vehicle Type, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030"
Automotive Carbon Wheels Market Research, 2030 :
The global automotive carbon wheels market size was valued at $626.00 million in 2021, and is projected to reach $1.5 billion by 2030, growing at a CAGR of 9.9% from 2022 to 2030.
Get Research Report Sample Pages :
Automotive carbon wheels are designed for use in high-performance vehicles such as sports cars and SUVs, where wheel strength, weight, and vibration dampening capabilities are critical. People's disposable income has increased, increasing their purchasing power and increasing their preference for luxury items such as performance vehicles. Automobili Lamborghini S.p.A., a German performance car manufacturer, saw a 43% increase in sales in 2019 with a total of 8,205 units sold globally, up from 5,750 units sold the previous year. As a result, the global automotive carbon wheel market is being propelled by an increase in the sale of performance vehicles.
Automotive carbon wheels are also lightweight and strong wheels made of carbon fibre reinforced polymers. These wheels are commonly used to improve speed efficiency in luxury and premium vehicles. Rising premium and luxury vehicle ownership, as well as an increase in the number of Ultra-High and High Net Worth Individuals (HNWI), will drive industry growth. Furthermore, vehicle owners' ongoing efforts to improve efficiency, performance, and aesthetic appeal will drive up demand for aftermarket automotive carbon wheels. As a result, all of these factors are expected to gain traction for automotive carbon wheels.
The global automotive carbon wheels market is segmented on the basis of vehicle type, distribution channel and region. By vehicle type, the market has been divided into passenger cars, commercial vehicles, and two-wheelers. By distribution channel, the analysis has been divided into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Procure Complete Research Report Now :
The report focuses on the global automotive carbon wheels market. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for automotive carbon wheels in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
COVID-19 Impact Analysis :
The Covid-19 impact on automotive carbon wheels market has been negative. The global reduction in automotive sales in 2020 due to the lockdowns and restrictions during the pandemic has drastically significantly impacted the sales of automotive carbon wheels globally.
During the pandemic, the disturbance in international supply chains for transportation of essential components that are utilized in automotive carbon wheels such as semiconductors has also impacted the global automotive carbon wheels market size.
Key Findings Of The Study :
On the basis of vehicle type, the passenger cars sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of distribution channel, the OEM sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of region, North America is projected to have the fastest growing market during the forecast period.
Inquire Before Buying :
The key players profiled in this report include Carbon Revolution, Dymag Group Limited, ESE Carbon, ROTOBOX d.o.o., Litespeed Racing LLC, HITACHI METALS, LTD., Phoenix Wheel Company, Inc., Rolko Kohlgrüber GmbH, Thyssenkrupp AG, and Ronal Group.
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About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Automotive Carbon Wheels Market Research, 2030 :
The global automotive carbon wheels market size was valued at $626.00 million in 2021, and is projected to reach $1.5 billion by 2030, growing at a CAGR of 9.9% from 2022 to 2030.
Get Research Report Sample Pages :
Automotive carbon wheels are designed for use in high-performance vehicles such as sports cars and SUVs, where wheel strength, weight, and vibration dampening capabilities are critical. People's disposable income has increased, increasing their purchasing power and increasing their preference for luxury items such as performance vehicles. Automobili Lamborghini S.p.A., a German performance car manufacturer, saw a 43% increase in sales in 2019 with a total of 8,205 units sold globally, up from 5,750 units sold the previous year. As a result, the global automotive carbon wheel market is being propelled by an increase in the sale of performance vehicles.
Automotive carbon wheels are also lightweight and strong wheels made of carbon fibre reinforced polymers. These wheels are commonly used to improve speed efficiency in luxury and premium vehicles. Rising premium and luxury vehicle ownership, as well as an increase in the number of Ultra-High and High Net Worth Individuals (HNWI), will drive industry growth. Furthermore, vehicle owners' ongoing efforts to improve efficiency, performance, and aesthetic appeal will drive up demand for aftermarket automotive carbon wheels. As a result, all of these factors are expected to gain traction for automotive carbon wheels.
The global automotive carbon wheels market is segmented on the basis of vehicle type, distribution channel and region. By vehicle type, the market has been divided into passenger cars, commercial vehicles, and two-wheelers. By distribution channel, the analysis has been divided into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Procure Complete Research Report Now :
The report focuses on the global automotive carbon wheels market. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for automotive carbon wheels in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
COVID-19 Impact Analysis :
The Covid-19 impact on automotive carbon wheels market has been negative. The global reduction in automotive sales in 2020 due to the lockdowns and restrictions during the pandemic has drastically significantly impacted the sales of automotive carbon wheels globally.
During the pandemic, the disturbance in international supply chains for transportation of essential components that are utilized in automotive carbon wheels such as semiconductors has also impacted the global automotive carbon wheels market size.
Key Findings Of The Study :
On the basis of vehicle type, the passenger cars sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of distribution channel, the OEM sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of region, North America is projected to have the fastest growing market during the forecast period.
Inquire Before Buying :
The key players profiled in this report include Carbon Revolution, Dymag Group Limited, ESE Carbon, ROTOBOX d.o.o., Litespeed Racing LLC, HITACHI METALS, LTD., Phoenix Wheel Company, Inc., Rolko Kohlgrüber GmbH, Thyssenkrupp AG, and Ronal Group.
Read More Reports :
Automotive Software Market :
Automotive Voice Recognition System Market :
Automotive Sunroof Market :
Automotive Transceivers Market :
Automotive E-Commerce Market :
Automotive Ethernet Market :
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 800-792-5285
email us here
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Legal Disclaimer:
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