Product Code: 4768
The carbon wheel market is expected to grow massively through 2030 owing to increasing demand for electric vehicles across the world. In addition, rising consumer preference for premium vehicles is likely to propel market growth over the forecast timeframe.
The initial stages of the COVID-19 pandemic posed a threat to the carbon wheel industry due to strict lockdowns, shortage of labor, and disruption in the global supply chain. However, mounting demand for premium vehicles as a result of purchasing capacity of buyers, particularly in developed and emerging nations, has propelled the demand for carbon fiber wheels. Moreover, government initiatives to increase EV adoption have stimulated the automotive industry positively.
Key participants in the carbon wheel market have been engaging in product innovation, expanding product portfolio, strategic collaborations, and mergers to boost their position, which has enhanced overall industry dynamics. For instance, in May 2022, Dymag Group Ltd., a wheel manufacturing firm, partnered with Hankuk Carbon Co. Ltd., to mass manufacture cutting-edge carbon composite wheels for the automotive market.
To cite another instance, in June 2021, BST launched the GP TEK, the lightest carbon fiber wheel in the world. The launch was intended to broaden the company's customer base in light of the prevalent demand for electric vehicles.
In another notable instance, in September 2021, Thyssenkrupp AG, a German engineering firm, inked a strategic partnership deal with Primetals Technologies, a prominent company in the metals sector, to introduce Sequence Impulse Process technology. The innovation promised to aid companies in improving their business presence in different countries.
The carbon wheel market has been bifurcated based on vehicle, end-use, and region.
In terms of vehicle, the carbon wheel industry has been divided into commercial vehicles, premium/ luxury vehicles, two-wheelers, and passenger cars. The commercial vehicles segment is anticipated to grow at a CAGR of over 45.7% and reach a valuation of more than $10,162.7 million by 2030 as a result of the advent of the hub & spoke model in developing countries, which is providing lucrative opportunities for LCV sales for goods carriage and transportation.
In the regional landscape, the LATAM carbon wheel market is primed to expand massively through the analysis period. The significant presence of automotive manufacturers in the Latin America region is foreseen to propel OEM end-users demand in the coming years.
Meanwhile, the MEA carbon wheel industry is slated to witness robust progress to attain a valuation of about USD 40,406.5 million by 2030. Consumers in the region are purchasing luxury cars easily owing to several factors, such as a supportive tax regime, favorable financing and insurance options, and cost-effectiveness of fuel, which is foreseen to bolster the Middle East & Africa carbon wheel market growth over the forecast timeline.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimations & forecast parameters
- 1.3.1 Forecast calculations
- 1.3.2 COVID-19 impact calculations on industry forecast:
- 1.3.2.1 North America
- 1.3.2.2 Europe
- 1.3.2.3 Asia Pacific
- 1.3.2.4 Latin America
- 1.3.2.5 Middle East & Africa
- 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 Carbon wheels market 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Vehicle trends
- 2.1.4 End-use trends
Chapter 3 Carbon Wheels Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2018 - 2030
- 3.2.1 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 North America
- 3.9.2 Europe
- 3.9.3 Asia Pacific
- 3.9.4 Latin America
- 3.9.5 Middle East & Africa
- 3.9.6 Cost structure analysis, 2021
- 3.9.6.1 Raw material cost
- 3.9.6.2 Labor cost
- 3.9.6.3 Other raw material cost
- 3.9.6.4 Energy & Utility cost
- 3.10 Industry impact forces
- 3.10.1 Growth drivers
- 3.10.1.1 Growing adoption of premium vehicles
- 3.10.1.2 Rising initiatives by industry players to reduce product cost
- 3.10.1.3 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, 2021
- 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
- 3.14.1 Company market share analysis, 2021
- 3.14.2 Company performance analysis, 2021
- 3.14.3 Strategy dashboard
- 3.15 PESTEL analysis
Chapter 4 Carbon Wheels Market, By Vehicle
- 4.1 Carbon wheels market, by vehicle, 2021 & 2030
- 4.2 Passenger Cars
- 4.2.1 Market estimates and forecast, 2018 - 2030
- 4.2.2 Market estimates and forecast, by region, 2018 - 2030
- 4.3 Premium/Luxury Vehicles
- 4.3.1 Market estimates and forecast, 2018 - 2030
- 4.3.2 Market estimates and forecast, by region, 2018 - 2030
- 4.4 Commercial vehicles
- 4.4.1 Market estimates and forecast, 2018 - 2030
- 4.4.2 Market estimates and forecast, by region, 2018 - 2030
- 4.5 Two-wheelers
- 4.5.1 Market estimates and forecast, 2018 - 2030
- 4.5.2 Market estimates and forecast, by region, 2018 - 2030
Chapter 5 Carbon Wheels Market, By End-use
- 5.1 Carbon wheels Market, by end-use, 2021 & 2030
- 5.2 OEM
- 5.2.1 Market estimates and forecast, 2018 - 2030
- 5.2.2 Market estimates and forecast, by region, 2018 - 2030
- 5.3 Aftermarket
- 5.3.1 Market estimates and forecast, 2018 - 2030
- 5.3.2 Market estimates and forecast, by region, 2018 - 2030
Chapter 6 Carbon Wheels Market, By Region
- 6.1 Carbon wheels market, by region, 2021 & 2030
- 6.2 North America
- 6.2.1 Market estimate and forecast, 2018-2030
- 6.2.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.2.3 Market estimates and forecast, by end use, 2018-2030
- 6.2.4 U.S.
- 6.2.4.1 Market estimate and forecast, 2018-2030
- 6.2.4.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.2.4.3 Market estimates and forecast, by end use, 2018-2030
- 6.2.5 Canada
- 6.2.5.1 Market estimate and forecast, 2018-2030
- 6.2.5.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.2.5.3 Market estimates and forecast, by end use, 2018-2030
- 6.3 Europe
- 6.3.1 Market estimate and forecast, 2018-2030
- 6.3.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.4 France
- 6.3.4.1 Market estimate and forecast, 2018-2030
- 6.3.4.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.4.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.5 Germany
- 6.3.5.1 Market estimate and forecast, 2018-2030
- 6.3.5.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.5.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.6 Italy
- 6.3.6.1 Market estimate and forecast, 2018-2030
- 6.3.6.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.6.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.7 Russia
- 6.3.7.1 Market estimate and forecast, 2018-2030
- 6.3.7.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.7.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.8 UK
- 6.3.8.1 Market estimate and forecast, 2018-2030
- 6.3.8.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.8.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.9 Czech Republic
- 6.3.9.1 Market estimate and forecast, 2018-2030
- 6.3.9.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.9.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.10 Poland
- 6.3.10.1 Market estimate and forecast, 2018-2030
- 6.3.10.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.10.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.11 Slovakia
- 6.3.11.1 Market estimate and forecast, 2018-2030
- 6.3.11.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.11.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.12 Spain
- 6.3.12.1 Market estimate and forecast, 2018-2030
- 6.3.12.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.12.3 Market estimates and forecast, by end use, 2018-2030
- 6.3.13 Turkey
- 6.3.13.1 Market estimate and forecast, 2018-2030
- 6.3.13.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.3.13.3 Market estimates and forecast, by end use, 2018-2030
- 6.4 Asia Pacific
- 6.4.1 Market estimate and forecast, 2018-2030
- 6.4.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.4 China
- 6.4.4.1 Market estimate and forecast, 2018-2030
- 6.4.4.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.4.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.5 Japan
- 6.4.5.1 Market estimate and forecast, 2018-2030
- 6.4.5.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.5.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.6 India
- 6.4.6.1 Market estimate and forecast, 2018-2030
- 6.4.6.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.6.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.7 South Korea
- 6.4.7.1 Market estimate and forecast, 2018-2030
- 6.4.7.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.7.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.8 Thailand
- 6.4.8.1 Market estimate and forecast, 2018-2030
- 6.4.8.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.8.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.9 Australia
- 6.4.9.1 Market estimate and forecast, 2018-2030
- 6.4.9.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.9.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.10 Malaysia
- 6.4.10.1 Market estimate and forecast, 2018-2030
- 6.4.10.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.10.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.11 Philippines
- 6.4.11.1 Market estimate and forecast, 2018-2030
- 6.4.11.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.11.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.12 Taiwan
- 6.4.12.1 Market estimate and forecast, 2018-2030
- 6.4.12.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.12.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.13 Vietnam
- 6.4.13.1 Market estimate and forecast, 2018-2030
- 6.4.13.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.13.3 Market estimates and forecast, by end use, 2018-2030
- 6.4.14 Indonesia
- 6.4.14.1 Market estimate and forecast, 2018-2030
- 6.4.14.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.4.14.3 Market estimates and forecast, by end use, 2018-2030
- 6.5 Latin America
- 6.5.1 Market estimate and forecast, 2018-2030
- 6.5.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.5.3 Market estimates and forecast, by end use, 2018-2030
- 6.5.4 Brazil
- 6.5.4.1 Market estimate and forecast, 2018-2030
- 6.5.4.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.5.4.3 Market estimates and forecast, by end use, 2018-2030
- 6.5.5 Argentina
- 6.5.5.1 Market estimate and forecast, 2018-2030
- 6.5.5.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.5.5.3 Market estimates and forecast, by end use, 2018-2030
- 6.5.6 Mexico
- 6.5.6.1 Market estimate and forecast, 2018-2030
- 6.5.6.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.5.6.3 Market estimates and forecast, by end use, 2018-2030
- 6.5.7 Colombia
- 6.5.7.1 Market estimate and forecast, 2018-2030
- 6.5.7.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.5.7.3 Market estimates and forecast, by end use, 2018-2030
- 6.6 Middle East & Africa
- 6.6.1 Market estimate and forecast, 2018-2030
- 6.6.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.6.3 Market estimates and forecast, by end use, 2018-2030
- 6.6.4 Iran
- 6.6.4.1 Market estimate and forecast, 2018-2030
- 6.6.4.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.6.4.3 Market estimates and forecast, by end use, 2018-2030
- 6.6.5 South Africa
- 6.6.5.1 Market estimate and forecast, 2018-2030
- 6.6.5.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.6.5.3 Market estimates and forecast, by end use, 2018-2030
- 6.6.6 Morocco
- 6.6.6.1 Market estimate and forecast, 2018-2030
- 6.6.6.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.6.6.3 Market estimates and forecast, by end use, 2018-2030
- 6.6.7 Egypt
- 6.6.7.1 Market estimate and forecast, 2018-2030
- 6.6.7.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.6.7.3 Market estimates and forecast, by end use, 2018-2030
- 6.6.8 Algeria
- 6.6.8.1 Market estimate and forecast, 2018-2030
- 6.6.8.2 Market estimates and forecast, by vehicle, 2018-2030
- 6.6.8.3 Market estimates and forecast, by end use, 2018-2030
Chapter 7 Company Profiles
- 7.1 Ronal Group
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product Landscape
- 7.1.4 Strategic Outlook
- 7.1.5 SWOT analysis
- 7.2 Carbon Revolution Limited
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 Strategic Outlook
- 7.2.5 SWOT analysis
- 7.3 ESE Carbon Company
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.1 Strategic outlook
- 7.3.2 SWOT analysis
- 7.4 Dymag Group Ltd.
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 Strategic Outlook
- 7.4.5 SWOT analysis
- 7.5 Rotobox D.O.O.
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 SWOT analysis
- 7.6 Geric B.V.
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 SWOT analysis
- 7.7 Blackstone Tek (BST)
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 Strategic Outlook
- 7.7.5 SWOT analysis
- 7.8 Phoenix Wheel Company, Inc. (HRE Wheels)
- 7.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 Strategic outlook
- 7.8.5 SWOT analysis
- 7.9 Thyssenkrupp AG
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 Strategic outlook
- 7.9.5 SWOT analysis
- 7.10 Vision Ability Dedication Limited (VAD) AG
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 SWOT analysis