Automotive Carbon Wheels Market to Garner $1.5 Billion by 2030: Allied Market Research

·5 min read
Allied Market Research
Allied Market Research

Increase in need to improve fuel efficiency and reduce vehicle weight, improved efficiency and performance provided by carbon wheels, and the growing popularity of electric vehicles in various countries are expected to drive the growth of the global automotive carbon wheels market. Based on distribution type, the OEM segment held the largest market share in 2021. By region, the Asia-Pacific region is expected to cite the fastest CAGR by 2030.

Portland, OR, July 07, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global automotive carbon wheels market generated $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. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Increase in need to improve fuel efficiency and reduce vehicle weight, improved efficiency and performance provided by carbon wheels, and the growing popularity of electric vehicles in various countries are expected to drive the growth of the global automotive carbon wheels market. On the other hand, high cost of manufacturing carbon fibre material is expected to hinder the growth to some extent. However, persistent technological advancements in automotive carbon wheels market are expected to create ample opportunities for the industry.

Download Report (252 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12081

COVID-19 Scenario

  • The outbreak of COVID-19 has had a negative impact on the growth of the global automotive carbon wheels market, owing to the presence of lockdowns in various countries across the globe.

  • Lockdowns resulted in the closure of various industrial operations in the automotive industry and adversely decreased the demand for automotive carbon wheels. This is majorly due to the stringent social distancing restrictions imposed by the government to curb the spread of the virus.

  • However, the market is expected to recoup soon.

The report offers a detailed segmentation on the global automotive carbon wheels market based on vehicle type, distribution type and region.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/12081

Based on distribution channel, the OEM segment held the largest market share in 2021, holding nearly three-fifths of the global market. The aftermarket segment, on the other hand, is predicted to cite the fastest CAGR of 10.2% during the forecast period.

Based on vehicle type, the passenger cars segment held the majority share in 2021, garnering nearly half of the global market. The commercial vehicles segment, on the other hand, is expected to cite the fastest CAGR of 11.0% during the forecast period.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/12081

Based on region, the market across Europe held the lion’s share in 2021, holding nearly two-fifths of the global market. The North America region, on the other hand, is predicted to exhibit the fastest CAGR of 10.4% during the forecast period.

The key players analyzed in the global automotive carbon wheels market 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.

Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/7a35037991aba15f172728de2922bedd


Similar Reports We Have on Automotive Industry:

Automotive Wheel Market by Material type (Alloy, Steel, and Carbon Fiber), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and End User (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018 – 2030.

Light Commercial Vehicle Steel Wheel Market by Vehicle Class (Economy Prized, Mid- Prized, and Luxury Prized), End User (Original Equipment Manufacturer (OEM) and Aftermarket), and Rim Size (13-15 inches, 16-18 inches, 19-21 inches, and More than 21 inches): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Automotive Flywheel Market by Type (Single Mass, Dual Mass, and Others), Material (Cast Iron, Maraging Steel, and Aluminum Alloy), Transmission Technology (Manual Transmission, Semi-Automatic Transmission, and Automatic Transmission), Distribution Channel (OEM and Aftermarket), and Vehicle Type (Passenger and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2018–2030.

Automotive Steel Wheels Market by Vehicle Type (Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Vehicle), Vehicle Class (Economy Prized, Mid- Prized, and Luxury Prized), End User (Original Equipment Manufacturer (OEM), and Aftermarket), and Rim Size (13-15 Inches, 16-18 Inches, 19-21 Inches, and More than 21 Inches): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Automotive Multi-wheel Drive Market by Type (Full Time, Part Time and Automatic All-wheel Drive) and Application (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Aluminium Alloy Wheel Market by Application (Passenger cars, Commercial vehicles), Type (Material, Sales Channel, Motorcycle Type), Material (Steel, Aluminium alloy, Others), Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Steering Wheel Market by Vehicle Type (Passenger Cars and Commercial Vehicles), Technology Type (Normal Steering Wheel and Control Embedded Steering Wheel), Wheel Type (Small Wheel Type, Medium Wheel Type, and Large Wheel Type), and Sales Channel (Original Equipment Manufacturer (OEM)and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.


About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn |


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting