PUBLISHER: IMARC | PRODUCT CODE: 1451794
PUBLISHER: IMARC | PRODUCT CODE: 1451794
Automotive Carbon Wheels Market by Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Distribution Channel (OEM, Aftermarket), and Region 2024-2032
The global automotive carbon wheels market size reached US$ 868.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,856.9 Million by 2032, exhibiting a growth rate (CAGR) of 8.5% during 2024-2032. The rising need to improve fuel efficiency in vehicles, the escalating demand for lightweight materials, and various technological advancements represent some of the key factors driving the market.
Automotive carbon wheels are high-performance wheels made from carbon fiber reinforced polymer (CFRP) composites. They offer a range of benefits over traditional metal wheels, including reduced weight, increased strength, and improved performance. They are also lighter than their metal counterparts, which reduces weight and improves acceleration, braking, and handling, which provides faster lap times and improved driving dynamics. In addition to their performance benefits, carbon wheels offer improved aesthetics as the unique weave pattern of the carbon fiber creates a distinct look that is popular with car enthusiasts. Moreover, they are more durable, resistant to damage from road hazards than traditional metal wheels, are less likely to deform or crack under stress, and offer a higher level of shock absorption. Nowadays, manufacturers are offering custom color options, which allow customers to personalize the appearance of their wheels. Owing to these benefits, automotive carbon wheels are gaining traction across the globe.
Automotive Carbon Wheels Market Trends:
The market is primarily driven by the escalating demand for luxury and high-performance cars and the rising need to improve the fuel efficiency of vehicles. In addition, the increasing utilization of lightweight materials in vehicles represents another major growth-inducing factor. Nowadays, automotive manufacturers are adopting carbon wheels as they serve as a lightweight alternative to traditional metal wheels, which helps improve fuel efficiency and reduce emissions. Besides this, with various technological advancements, the production costs of carbon fiber composites are decreasing, making it more accessible and cost-effective for automotive manufacturers to use in their vehicles and produce them in larger quantities. This, coupled with the rising product adoption due to its aesthetic appeal, is increasing its adoption in luxury cars, thus contributing to market growth. Moreover, automotive carbon wheels offer significant performance benefits over traditional metal wheels, which has escalated their demand among sports car and high-performance vehicle manufacturers. Furthermore, the rising disposable incomes of individuals, the expanding automotive industry, especially in developing economies, the increasing environmental regulations, the rising adoption of electric vehicles, and the introduction of advanced product variants are some of the other factors that are creating a favorable market outlook across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global automotive carbon wheels market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on vehicle type and distribution channel.
Vehicle Type Insights:
Two Wheelers
Passenger Cars
Commercial Vehicles
The report has provided a detailed breakup and analysis of the automotive carbon wheels market based on the vehicle type. This includes two wheelers, passenger cars, and commercial vehicles. According to the report, passenger cars represented the largest segment.
Distribution Channel Insights:
OEM
Aftermarket
A detailed breakup and analysis of the automotive carbon wheels market based on the distribution channel has also been provided in the report. This includes OEM and aftermarket. According to the report, OEM accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for automotive carbon wheels. Some of the factors driving the Europe automotive carbon wheels market included the escalating demand for luxury vehicles, the increasing utilization of lightweight materials, and the advent of advanced product variants.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global automotive carbon wheels market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Carbon Revolution Limited, Dymag Group Limited, ESE Carbon Company, HRE Wheels, Litespeed Racing LLC, Rolko Kohlgruber GmbH (INDUS Holding AG), and Rotobox d.o.o. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global automotive carbon wheels market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global automotive carbon wheels market?
- What is the impact of each driver, restraint, and opportunity on the global automotive carbon wheels market?
- What are the key regional markets?
- Which countries represent the most attractive automotive carbon wheels market?
- What is the breakup of the market based on the vehicle type?
- Which is the most attractive vehicle type in the automotive carbon wheels market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the automotive carbon wheels market?
- What is the competitive structure of the global automotive carbon wheels market?
- Who are the key players/companies in the global automotive carbon wheels market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Carbon Wheels Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Two Wheelers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Passenger Cars
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Commercial Vehicles
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 OEM
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Aftermarket
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Carbon Revolution Limited
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.2 Dymag Group Limited
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 ESE Carbon Company
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 HRE Wheels
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Litespeed Racing LLC
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Rolko Kohlgruber GmbH (INDUS Holding AG)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Rotobox d.o.o.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.1 Carbon Revolution Limited
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Automotive Carbon Wheels Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Automotive Carbon Wheels Market: Breakup by Vehicle Type (in %), 2023
- Figure 5: Global: Automotive Carbon Wheels Market: Breakup by Distribution Channel (in %), 2023
- Figure 6: Global: Automotive Carbon Wheels Market: Breakup by Region (in %), 2023
- Figure 7: Global: Automotive Carbon Wheels (Two Wheelers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Automotive Carbon Wheels (Two Wheelers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Automotive Carbon Wheels (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Automotive Carbon Wheels (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Automotive Carbon Wheels (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Automotive Carbon Wheels (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Automotive Carbon Wheels (OEM) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Automotive Carbon Wheels (OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Automotive Carbon Wheels (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Automotive Carbon Wheels (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: North America: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: North America: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: United States: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: United States: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Canada: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Canada: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Asia-Pacific: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Asia-Pacific: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: China: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: China: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Japan: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Japan: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: India: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: India: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: South Korea: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: South Korea: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Australia: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Australia: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Indonesia: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Indonesia: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Others: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Others: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Europe: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Europe: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Germany: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Germany: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: France: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: France: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: United Kingdom: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: United Kingdom: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Italy: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Italy: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Spain: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Spain: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Russia: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Russia: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Latin America: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Latin America: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Brazil: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Brazil: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Mexico: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Mexico: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Middle East and Africa: Automotive Carbon Wheels Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Middle East and Africa: Automotive Carbon Wheels Market: Breakup by Country (in %), 2023
- Figure 65: Middle East and Africa: Automotive Carbon Wheels Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Global: Automotive Carbon Wheels Industry: Drivers, Restraints, and Opportunities
- Figure 67: Global: Automotive Carbon Wheels Industry: Value Chain Analysis
- Figure 68: Global: Automotive Carbon Wheels Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Carbon Wheels Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Automotive Carbon Wheels Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 3: Global: Automotive Carbon Wheels Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 4: Global: Automotive Carbon Wheels Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Automotive Carbon Wheels Market: Competitive Structure
- Table 6: Global: Automotive Carbon Wheels Market: Key Players
