Carbon Wheel Market Share, Trend & Growth Forecast to 2026

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Carbon Wheel Market Share, Trend Growth
Forecast to 2026
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Key Insights Carbon Wheel Market

• Growth of the global economy has fostered carbon
  wheels market trends, as introduction of several
  economic reforms has increased the buying power
  of individuals. Rising number of ultra-high
  high-net-worth individuals and distinctive
  features such as sleek design, luxurious
  interiors, precision engineering and superior
  performance will uplift demand for luxurious
  premium vehicles, where carbon-based components
  are increasingly being installed.
• However, higher cost of production and raw
  material, and drastic impact of Covid-19 pandemic
  may hamper growing market demand in the near
  future. Light weight wheels are basically used in
  bicycles, where aluminum wheels has said to be as
  effective as carbon wheels but slightly heavier
  in some applications, bolstering a competitive
  market environment.

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Continued

• Advantages of carbon wheels owing to which they
  are extensively used in these elite class of
  vehicles are durability, improved efficiency to
  reduce fuel consumption, enhanced performance and
  aesthetics of the vehicle. According to new
  research report, global carbon wheels market size
  is anticipated to surpass US450 million by 2026.
  
• The end-users in the automobile sector are
  classified into two-wheelers, commercial
  vehicles, three-wheelers, passenger cars and
  premium vehicles. With rising preferences for
  safe, comfortable and hassle-free travelling,
  carbon wheels market share from passenger cars
  will record over 33 CGAR over 2020-2026.

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Major Companies Carbon Wheel Market

• Dymag Group ltd.
• Carbon Revolution Limited
• ESE Carbon Company
• Ronal Group
• Geric B.V.
• Blackstone Tek

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Regional Carbon Wheel Market

• Due to the presence of several premium and luxury
  automobile manufacturers including Porsche AG,
  Ferrari S.p.A and Daimler AG, Europe carbon
  wheels market size will exceed 30 CAGR from 2020
  to 2026.
• For an example, to produce OEM authorized single
  construction carbon fire wheels, Carbon
  Revolution announced its collaboration with
  Henkel in October 2019. To curb CO2 emissions
  strict compliance has been passed by European
  Union will encourage automobile manufacturers to
  use lightweight carbon fiber wheels in vehicles.

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