Global Automotive Carbon Wheels Market by Size Type (18 Inch, 19 Inch, and 20 Inch), End User

(OEM, and Aftermarket), and Vehicle Types (Passenger Cars, Light Commercial Vehicles, Heavy Trucks,
Buses & Coaches, and Trailers): Global Opportunity Analysis and Industry Forecast, 2021–2030

Category: Automotive & Transportation, Sub-Category- Automotive Systems and Accessories, Price:
$5,370

A wheel is a circular metal frame with spokes, or a solid disk mounted on a wheel hub. Car tires are
mounted on a wheel frame and are also called rims or alloy wheels. These are made from steel,
aluminum, magnesium, carbon fiber, or a combination of all these metals. Automobile carbon fiber
wheels are light in weight, long in wheel life and high in strength. Compared with traditional wheels,
they have many other advantages, such as high fatigue failure strength and durability, self-vibration
damping, better grip and high heat resistance. In addition, carbon wheels can also improve fuel
efficiency and reduce carbon emissions. In addition, strict government regulations to control pollution
are expected to strengthen the market for automotive carbon wheels. Due to the existence of large
racing manufacturing companies, Germany is the main contributor to the growth of the carbon wheel
market. Compared with other vehicles using aluminum wheels, the carbon wheels implemented in the
vehicle can reduce the weight by up to 20%. These wheels feature an Araldite structural system CFRP
(Carbon Fiber Reinforced Polymer) rims around an aluminum alloy center star. Further, increasing
inclination of people towards advanced automotive products is likely to foster the growth of the
automotive carbon wheels market.

Market scope and structure analysis:

Report Metric Details

Market size available for years 2020–2028

Base year considered 2020

Forecast period 2021–2030

Forecast units Value (USD)

Segments covered Size Type, End User, Vehicle Type and Region

North America (U.S., Canada and Mexico), Europe (Germany, U.K,

France, Russia and rest of Europe), Asia-Pacific (China, Japan, India,
Regions covered
South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle
East and Africa)
 Iochpe-Maxion (Brazil), Superior Industries International (US),
Accuride Corporation (US), Steel Strips Wheels (India), Hitachi Metals
Companies covered
(Japan), Enkei (Japan), Citic Dicastal (China), Zhejiang Wanfeng Auto
Wheel (China), Borbet (Germany), and Mangels Industrial (Brazil).

COVID-19 Impact analysis

The COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn give
rise to considerable drop in automotive sales, insufficiency of raw material, and others. As the
governments all over the world have declared lockdowns over the past few months, the demand and
supply cycle of many carbon wheels manufacturers is vulnerable. The pandemic has had a negative
impact on the carbon wheels market size for the year 2020, a major deviation is noticed in the growth of
carbon wheels manufacturers due to coronavirus. Carbon wheels is an evolving sector which is
hampered due to an ongoing virus, because of which all type of production and installation across the
affected countries had been shut down & all operations were disrupted due to the pandemic.

Top Impacting Factor

 Improved vehicle dynamics with an increase in the use of lightweight materials, increase in
demand for luxury & comfort and rise in passenger vehicle share are driving the growth of the
market.
 Volatility in raw material prices, and stringent policies mandated by the government is expected
to hamper the growth of the market.
 Rising demand for high-performance vehicle and technological innovations in the material
composition can be seen as an opportunity for the market investments.

The automotive carbon wheels market trends are as follows:

Rise in passenger vehicle share

Passenger vehicles account for the largest share of the total vehicle production. In addition, the increase
of R&D investment by original equipment manufacturers and tier 1 companies to improve the quality
and efficiency of driving passenger vehicles will promote the development of this market segment.
Moreover, the increase in disposable income, especially in developing countries such as China, India,
and Mexico, will promote the development of the passenger car market. Thus the rise in passenger
vehicle share will positively impact the automotive carbon wheel market.

Increase in demand for luxury & comfort in vehicles

Increasing demand for vehicle comfort and luxury, as well as quieter cabins have made a significant
contribution to the growth of the global automotive carbon wheels market. Manufacturers such as
BMW, Audi, Mercedes-Benz, Volvo, Jaguar, Rolls-Royce and Land Rover are the major players in the
automotive industry to manufacture luxury cars. In addition, due to advances in automotive technology
and economic growth in developing countries, it is expected that the sales of luxury cars will rise.
Moreover, noise, vibration, and performance of vehicles should meet the defined standard ratings to
provide more comfort and reduce cabin vibrations. Thus, all these factors collectively boost the growth
of the global automotive carbon wheels market.

Key segments covered:

Segments Sub-segments

 18 Inch

Size Type  19 Inch

 20 Inch

 OEM
End User
 Aftermarket

 Passenger Cars

 Light Commercial Vehicles

Vehicle Type  Heavy Trucks

 Buses & Coaches

 Trailers

Region  North America

o U.S.
o Canada
o Mexico
 Europe
o Germany 
o France 
o UK 
o Italy 
o Rest of Europe
 Asia-Pacific
o China
o Japan 
o India 
o South Korea
o Rest of Asia-Pacific
  LAMEA
o Latin America
o Middle East
o Africa

Key benefits of the report:

 This study presents the analytical depiction of the automotive carbon wheels industry along
with the current trends and future estimations to determine the imminent investment pockets.
 The report presents information related to key drivers, restraints, and opportunities along with
challenges of the automotive carbon wheels market.
 The current market is quantitatively analyzed from 2020 to 2028 to highlight the automotive
carbon wheels market growth scenario.
 The report provides a detailed automotive carbon wheels market analysis based on competitive
intensity and how the competition will take shape in coming years.

Questions answered in the automotive carbon wheels market research report:

 Which are the leading market players active in the automotive carbon wheels market?
 What would be the detailed impact of COVID-19 on the market?
 What current trends would influence the market in the next few years?
 What are the driving factors, restraints, and opportunities in the automotive carbon wheels
market?
 What are the projections for the future that would help in taking further strategic steps?