Carbon Wheels Market, By Vehicle Type (Passenger cars, Commercial vehicles and Two-wheelers), By Distribution Channel, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Carbon Wheels Market size was valued at USD 715.2 Million in 2023, expanding at a CAGR of 8.60% from 2024 to 2032.
Carbon wheels are made of carbon fiber composite materials. Carbon fiber is a lightweight, high-strength material with an outstanding stiffness-to-weight ratio, making it useful in high-performance applications such as aircraft, automotive, and sports equipment. Carbon wheels provide various advantages over typical metal wheels, such as lighter weight, higher stiffness, and better aerodynamics. These improvements can result in faster acceleration, improved handling, and more efficiency.
Carbon Wheels Market- Market Dynamics
Ø Increasing Demand for Carbon Wheels Driven by Fuel Efficiency Vehicle Weight Reduction
The need to improve fuel efficiency and reduce vehicle weight is the key driving force projected to increase demand for carbon wheels and grow the carbon wheels market size. Vehicle weight reduction, which leads to increased efficiency and performance, is a primary priority among automotive manufacturers. Reduced wheel weight enhances maneuverability, provides a quieter and smoother ride, accelerates faster, slows down faster, improves suspension, and continues to improve fuel efficiency. All of these factors drive the worldwide carbon wheel market.
Carbon fibre-reinforced plastics have several functional advantages in addition to their aesthetic appeal. As a result, many OEMs and Tier 1 suppliers are using carbon fiber to manufacture wheels. These wheels weigh nearly half as much as typical aluminum or steel alloy wheels. For instance, in May 2021, Ford Motor Company and its partner Carbon Revolution introduced carbon wheels for the Shelby GT350R, Ford GT, and Shelby GT500 Mustang automobiles. Other OEMs employ carbon wheels, including Ferrari N.V., McLaren Group, Porsche AG, Automobili Lamborghini S.p.A., and Koenigsegg Automotive AB. As a result, weight reduction and other related benefits are driving the global carbon wheel market.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CARBON WHEELS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ø Zipp speed weaponry
Ø ENVE Composites
Ø Reynolds Cycling
Ø Mavic DT Swiss
Ø Fulerum Wheels
Ø Roval components
Ø Easton Cycling
Ø Campagnolo
Ø Bontrager
Ø Carbon Revolution Ltd.
Ø Dymag Group Ltd.
Ø Ronal Group
Ø Geric B.V.
Ø ESE Carbon company
Ø Rotobox D.0.0
Ø Blackstone Tek
Ø Thyssenkrupp AG
Ø Phoenix Wheel Company, Inc.
Ø Others
GLOBAL CARBON WHEELS MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032
Ø Passenger cars
Ø Commercial vehicles
Ø Two-wheelers
GLOBAL CARBON WHEELS MARKET, BY DISTRIBUTION CHANNEL- MARKET ANALYSIS, 2019 - 2032
Ø OEM
Ø Aftermarket
GLOBAL CARBON WHEELS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Ø North America
o The U.S.
o Canada
Ø Europe
o Germany
o France
o Italy
o Spain
o United Kingdom
o Russia
o Netherlands
o Sweden
o Poland
o Rest of Europe
Ø Asia Pacific
o India
o China
o South Korea
o Japan
o Australia
o Thailand
o Indonesia
o Philippines
o Rest of APAC
Ø Latin America
o Brazil
o Mexico
o Argentina
o Colombia
o Rest of LATAM
Ø The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Israel
o Turkey
o Algeria
o Egypt
o Rest of MEA
TABLE OF CONTENT
1. Carbon Wheels Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Carbon Wheels Market Snippet by Vehicle Type
2.1.2. Carbon Wheels Market Snippet by Distribution Channel
2.1.3. Carbon Wheels Market Snippet by Country
2.1.4. Carbon Wheels Market Snippet by Region
2.2. Competitive Insights
3. Carbon Wheels Key Market Trends
3.1. Carbon Wheels Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Carbon Wheels Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Carbon Wheels Market Opportunities
3.4. Carbon Wheels Market Future Trends
4. Carbon Wheels Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Carbon Wheels Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Carbon Wheels Market Landscape
6.1. Carbon Wheels Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Carbon Wheels Market – By Vehicle Type
7.1. Overview
7.1.1. Segment Share Analysis, By Vehicle Type, 2023 & 2032 (%)
7.1.2. Passenger cars
7.1.3. Commercial vehicles
7.1.4. Two-wheelers
8. Carbon Wheels Market – By Distribution Channel
8.1. Overview
8.1.1. Segment Share Analysis, By Distribution Channel, 2023 & 2032 (%)
8.1.2. OEM
8.1.3. Aftermarket
9. Carbon Wheels Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
9.2. North America
9.2.1. Overview
9.2.2. Carbon Wheels Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4. North America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.2.5. North America Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Carbon Wheels Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Carbon Wheels Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Carbon Wheels Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Carbon Wheels Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Carbon Wheels Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Zipp speed weaponry
10.2.2. ENVE Composites
10.2.3. Reynolds Cycling
10.2.4. Mavic DT Swiss
10.2.5. Fulerum Wheels
10.2.6. Roval components
10.2.7. Easton Cycling
10.2.8. Campagnolo
10.2.9. Bontrager
10.2.10. Carbon Revolution Ltd.
10.2.11. Dymag Group Ltd.
10.2.12. Ronal Group
10.2.13. Geric B.V.
10.2.14. ESE Carbon company
10.2.15. Rotobox D.0.0
10.2.16. Blackstone Tek
10.2.17. Thyssenkrupp AG
10.2.18. Phoenix Wheel Company, Inc.
10.2.19. Others
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
