The Europe carbon wheels market is projected to observe significant revenue growth due to the strong presence of several of the world’s most renowned luxury and premium vehicle manufacturers in the region. Companies like Daimler, Ferrari, and Porsche have a strong foothold across Europe and are among the leading automotive industry players. In addition, stringent regulations imposed by the European Union to cut CO₂ emissions throughout Europe is likely to encourage these industry players to use lightweight carbon wheels in their respective vehicles.

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Carbon wheels market is estimated to foresee tremendous growth due to the increasing sales of premium vehicles globally. Carbon wheels are witnessing immense demand from luxury vehicle as well as other automobile segments due to the several benefits they offer over conventional aluminum-based wheels. Carbon wheels are much lighter than aluminum wheels, which is why they are used for aero wheels. Additionally, the stiffness to weight ratio of these wheels is also much better than the conventional aluminum wheels, which improves ride quality and performance tremendously.

in terms of vehicle, the carbon wheels market from passenger cars segment is projected to observe growth at a tremendous CAGR of 33% over the forthcoming timeframe. This growth is being ascribed to the increasing adoption of passenger vehicles to fulfill traveling demands. In addition, growing per capita income and developing public road transport infrastructure across the world should positively impel the segment share through 2026.

Growing focus of automobile manufacturers towards improving their respective production capacities while also ensuring the incorporation of the latest technologies in their vehicles would foster product demand, thereby propelling the overall market share.

The OEM end-use segment is slated to foresee significant revenue expansion over the coming years owing to increasing focus of industry participants towards developing products that address OEM requirements. Today, carbon wheels are increasingly being produced in conformance to the manufacturing capabilities as well as quality standards of OEMs so as to effectively maintain the brand value.

Key companies in the carbon wheels market are making efforts to gain a competitive edge over other players through strategies like acquisitions, collaborations, and frequent new product launches. Taking May 2020 for instance, Zipp, a US-based carbon composite bicycle wheels manufacturer, launched its new 303 Firecrest Tubeless Disc-brake wheelset which is considerably lighter and faster than their previous products.

The competitive landscape of the global carbon wheels market is inclusive of players such as Phoenix Wheel Company, ThyssenKrupp AG, Blackstone Tek, Geric B.V., Rotobox D.O.O., Dymag Group ltd., ESE Carbon Company, Ronal Group, and Carbon Revolution Limited among others.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1    Overall market, by region, (% Volume share)

FIG. 2    Carbon wheels market 3600 synopsis

FIG. 3    Industry segmentation

FIG. 4    Global carbon wheels industry size and forecast, 2016 – 2026

FIG. 5    COVID-19 impact on the industry landscape

FIG. 6    Industry ecosystem analysis

FIG. 7    Percentage change in value chain disruptions factors due to COVID-19

FIG. 8    COVID-19 impact on the automotive industry

FIG. 9    Automotive wheel demand scenario (2019)

FIG. 10    Regional pricing (USD/unit)

FIG. 11    Carbon wheels market Cost structure analysis, 2019

FIG. 12    Global premium executive car sales (Million Units), 2014 - 2018

FIG. 13    Global electric car deployment (Million Units), 2013-2018

FIG. 14    Growth potential analysis, 2019

FIG. 15    Porter’s analysis

FIG. 16    Company market share analysis, 2019

FIG. 17    PESTEL analysis

FIG. 18    Global carbon wheels market volume share by vehicle, 2019 & 2026

FIG. 19    Global Market volume share by end-use, 2019 & 2026

FIG. 20    Global market share by region, 2019 & 2026

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