Carbon Wheels Market Revenue to Hit USD 450M by 2026; Global Market Insights, Inc.
Jul 8, 2020
SELBYVILLE, Del. - July 8, 2020 - (Newswire.com)
Global Market Insights, Inc. has recently added a new report on the carbon wheels market, which estimates the market valuation for carbon wheels will cross US $450 million by 2026. Increasing premium vehicle adoption will surge carbon wheels' demand over the forecast spell.
Rising Ultra-High & High-Net-Worth Individuals (HNWIs) and shifting inclination towards premium vehicles will primarily drive carbon wheels' market growth over the forecast period. Surging demand for premium vehicles is attributed to their sleek design, precision engineering, and luxurious interiors that impart superior performance. Carbon wheels reduce fuel consumption and improve the efficiency, performance, and aesthetics of the vehicle. However, high product costs associated with raw material and production will restrict the industry size.
Request a sample of this research report at https://www.gminsights.com/request-sample/detail/4768
Passenger cars will witness around a 33% CAGR owing to its adoption to meet mobility requirements. Rising per capita income and improving public road transport infrastructures will provide growth opportunities over the study forecast. Additionally, growing importance among manufacturers to enhance their production capacities and incorporation of innovative technologies will further boost the segment penetration.
Two-wheeler will foresee steady growth during the forecast period. Carbon fiber wheels are majorly adopted in high-end two-wheelers to improve the overall ride quality and performance. These wheels do not corrode and have a long service life. In addition, they aid in enhancing the braking, handling and steering characteristics of the two-wheeler.
Carbon wheels for end-users are manufactured in conformance to OEM manufacturing capabilities and quality standards that maintain their brand value. The industry participants are undergoing strategic collaboration to develop products that meet OEM requirements. In October 2019, Carbon Revolution announced its collaboration with Henkel to develop OEM-approved, single-construction carbon fiber wheels.
Browse key industry insights spread across 190 pages with 212 market data tables & 30 figures & charts from the report, “Carbon Wheels Market Share & Forecast, 2020 – 2026” in detail, along with the table of contents:
https://www.gminsights.com/industry-analysis/carbon-wheels-market
Some major findings of carbon wheels market report include:
- Growing awareness regarding fuel-efficient vehicles globally will positively influence carbon wheels industry size.
- Introduction of several differentiating factors such as improved noise, reduced vibration and harshness.
- Product manufacturers are primarily focusing on technology advancement, geographic expansion, and acquisitions strategies to strengthen their market share.
Europe's carbon wheels market size will witness over a 30% CAGR from 2020 to 2026, owing to the presence of multiple premium and luxury vehicle manufacturers including, Daimler AG, Porsche AG, and Ferrari S.p.A. Further, stringent compliances by the European Union to curb CO2 emission will encourage automotive manufacturers to install lightweight carbon wheels in vehicles. Innovation and product differentiation are gaining higher visibility among carbon wheels manufacturers. For instance, in November 2018, Ronal Group inaugurated an innovation center under Ronal Technologies GmbH, that focuses on distinct projects for automotive applications.
Prominent industry participants include Carbon Revolution Limited, Ronal Group, ESE Carbon Company, Dymag Group ltd., Rotobox D.O.O., Geric B.V., Blackstone Tek, thyssenkrupp AG, and Phoenix Wheel Company, Inc.
Browse the report's complete table of contents at https://www.gminsights.com/toc/detail/carbon-wheels-market
Partial chapters of the report's table of contents (TOC):
Chapter 3 Global Carbon Wheels Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2026
3.2.1 Global carbon wheels industry size and forecast, 2016 – 2026
3.2.2 COVID-19 impact on the industry landscape
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 Distribution chain analysis
3.3.3.1 Distributors
3.3.3.2 E-commerce
3.3.4 End-users
3.3.4.1 Original Equipment Manufacturers (OEM)
3.3.4.2 Aftermarket
3.3.5 Profit margin analysis
3.3.5.1 Raw material supplier
3.3.5.2 Product manufacturer
3.3.5.3 Supplier & distributor
3.3.6 Value chain disruptions due to COVID-19
3.3.7 Vendor matrix
3.3.7.1 List of key raw material suppliers
3.3.7.2 List of key manufacturers/distributors
3.3.7.3 List of key/potential end-users
3.4 Technology landscape
3.5 Regulatory landscape
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 Middle East & Africa
3.6 Industry best practices & key buying criteria
3.6.1 Need recognition
3.6.2 Information search
3.6.3 Evaluation of alternatives
3.6.4 Purchase decision
3.6.5 Post-purchase behavior
3.7 COVID-19 impact on the automotive industry
3.8 Automotive wheel demand scenario
3.9 Regional pricing
3.9.1.1 North America
3.9.1.2 Europe
3.9.1.3 Asia Pacific
3.9.1.4 Latin America
3.9.1.5 Middle East & Africa
3.9.2 Cost structure analysis, 2019
3.9.2.1 Raw material cost
3.9.2.2 Labor cost
3.9.2.3 Other raw material cost
3.9.2.4 Energy & Utility cost
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing sales of premium vehicles
3.10.1.2 Increasing range for e-vehicles
3.10.2 Industry pitfalls & challenges
3.10.2.1 High product cost
3.10.2.2 High scrap rate
3.11 Innovation & sustainability
3.12 Growth potential analysis, 2019
3.13 Porter’s analysis
3.13.1 Supplier power
3.13.2 Buyer power
3.13.3 Threat of new entrants
3.13.4 Threat of substitutes
3.14 Competitive landscape, 2019
3.14.1 Company market share analysis, 2019
3.14.2 Company performance analysis, 2019
3.14.3 Strategy dashboard
3.15 PESTEL analysis
Browse related report:
Automotive Wheel Market Size By Material (Aluminum, Steel, Magnesium, Carbon Fiber), By Product (Regular, High Performance), By End-use (OEM, Aftermarket), By Vehicle (Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/automotive-wheel-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Related Links
Automotive and Transportation Industry Insights
Magnesium Wheel Market
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Original Source: Carbon Wheels Market Revenue to Hit USD 450M by 2026; Global Market Insights, Inc.
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