Carbon Wheels Market Estimated To Expand At a Robust Growth Over Forecast 2026
Category: #business  By Rahul Varpe  Date: 2022-08-10
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Carbon Wheels Market Estimated To Expand At a Robust Growth Over Forecast 2026

The carbon wheels market will witness substantial growth over the forthcoming timeframe owing to rising e-vehicle sales and growing product demand from the premium vehicles segment. Additionally, the market is also set to witness considerable growth owing to increasing consumer focus towards fuel efficiency.

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Today, carbon fiber has become one of the most prevalent materials in the automotive sector, including the motorbike industry. Carbon wheels are known to have exceptional characteristics such as lightweight, superior stiffness, and tire support, which allows them to offer benefits such as smoother ride quality and fuel efficiency.

Carbon wheels have several advantages which make them a preferred choice among individuals. These wheels are stiffer in comparison to aluminum wheels, in corners the stiffness of carbon wheels offers better traction. Another clear advantage of the carbon rims is vibration reduction. Amongst all two-wheeler owners, vibration is a major point that dictates purchase decisions. More carbon on a vehicle directly translates to significantly reduced vibrations owing to the nature of this material. This makes the product a significant selling point for the vehicle manufacturer.

Another advantage of carbon wheel is the weight. Owing to the light weight, counter steering becomes a feather-light experience as the bike responds much quicker to the movement of handlebars, tipping as well as changing direction instantly. This ability of carbon wheels to improve performance is expected to augment market revenue shares over the coming years.

In addition, carbon is more aerodynamic. Carbon rims generally produce more higher rims that are comparatively lighter. These rims guide the air better, thereby reducing drag. One of the essential qualities in a full carbon clincher is the look. A set of high carbon wheels are considered an asset on each and every bike. It is also noted that most of the individuals generally invest in carbon-based wheels owing to the appearance.

The carbon wheels market is bifurcated in terms of vehicle, end-use, regional landscape.

Based on vehicle, the carbon wheels market is classified into two-wheelers, commercial vehicles, premium vehicles, and passenger cars. The two-wheelers segment will grow with the CAGR of around 38% over the forthcoming time period owing to increasing product demand from segment.

In addition, given that a majority of two-wheeler sales occur in emerging economies where consumers tend to focus more on performance than aesthetics, the demand for two-wheelers that are lightweight, fuel efficient, easy to handle, and offer higher ride quality is immense. Industry players are increasingly innovating and seeking out way their vehicles can fulfill these demand, which would likely prove lucrative for the carbon wheel industry.

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From a regional frame of reference, the LATAM carbon wheels market currently accounts for over 4% share in the overall market. Rising e-vehicle sales will increase product demand in the sector. The Middle East & Africa carbon wheels market will grow with the CAGR of around 30% over the forecast period owing to increasing product demand from the premium vehicles segment. Prominent industry growth is expected to come from countries like Saudi Arabia and the UAE.

Report Content

 

Chapter 1 Methodology & Scope

1.1   Market definitions

1.2   Base estimates & working

1.2.1   North America

1.2.2   Europe

1.2.3   APAC

1.2.4   LATAM

1.2.5   MEA

1.3   Forecast calculations

1.3.1.1    COVID-19 impact calculations on industry forecast

1.4   Data Sources

1.4.1   Primary

1.4.2   Secondary

1.4.2.1    Paid Sources

1.4.2.2    Public Sources

Chapter 2 Executive Summary

2.1   Global carbon wheels industry 3600 synopsis, 2016 - 2026

2.1.1   Business trends

2.1.2   Vehicle trends

2.1.3   End-use trends

2.1.4   Regional trends

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

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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