Global Automotive Carbon Wheels Market 2017-2021

Overview of the global automotive carbon wheels market

Market research analysts at Technavio predict that in terms of units, the global automotive carbon wheels market will grow steadily at a CAGR of around 30% by 2021. The technological benefits of carbon wheel technology is identified as one of the primary growth factors for this market. Carbon wheels are 13 times stronger than aluminum and weigh almost half. The strength of the wheel is enhanced by the hollow section design of the spokes, which is a further advancement in carbon wheel design. The width and the tire grip section of the carbon wheel are also notable inventions that impart greater stability to the vehicle, offer steady ride quality, better steering input to driver response, and control in performance characteristics. The carbon wheel has captured the attention of the automotive industry with major players investing in technological improvements to be competitive and enhance the performance of their offerings. For instance, BMW has already developed a hybrid carbon wheel for its special edition BMW M4 GTS and is now targeting to develop mass production carbon wheel under its i-series badge.

The rising utilization of carbon fiber in SUV segment is one of the latest trends that will gain traction in the automotive carbon wheels market. Carbon wheels currently have their application in sports cars, racing cars, hyper cars, and a few high-performance cars. With the increasing popularity of  SUVs and the rising application of carbon fiber, there are many advantages of carbon wheels that could improve the performance of SUVs. Moreover, SUVs are no longer all-terrain vehicles and are increasingly being used as daily commute vehicles. As the need for weight reduction is increasing in all the segments of the automotive industry, the use of carbon wheels will increase in the forthcoming years.

Competitive landscape and key vendors  

The automotive carbon wheels market consists of only one key vendor who holds the maximum market share. Carbon Revolution is the market leader in offering one-piece carbon fiber wheel. It has developed products for the brands like BMW, Audi, Porsche, Nissan, Ford, and Chevrolet. The company was founded by the experts of the carbon fiber composite technology offering R&D in composite manufacturing techniques and advanced materials. Moreover, Carbon Revolution has numerous formal partnerships for technological development, product testing, and validation. 

The leading vendors in the market are -

• Carbon Revolution

The other prominent vendors in the market are ESE Carbon, Dymag, and HRE Wheels.

Segmentation by wheel size and analysis of the automotive carbon wheels market

• 18 inch
• 19 inch
• 20 inch

During 2016, the 19-inch wheel size segment accounted for the major shares of the automotive carbon wheels market. Factors such as the increase in the adoption of carbon fiber wheel and growth in the penetration of 19-inch wheels will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive carbon wheels market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the automotive carbon wheels market throughout the forecast period. The region holds the market lead mainly due to Ford Motor's pioneering adoption of carbon wheels and increased sales of Ford Mustang Shelby GT 350 and Ford GT car models. The US accounted for 95% of the total consumption of carbon wheels in 2016 in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive carbon wheels market?
• What are the key market trends impacting the growth of the global automotive carbon wheels market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive carbon wheels market?
• What are the market opportunities and threats faced by the vendors in the global automotive carbon wheels market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive carbon wheels market?

Technavio also offers customization on reports based on specific client requirement.

Carbon wheels are the wheels which are made of carbon fiber. This upcoming market research report on the global automotive carbon wheels market is an essential part of Technavio's automotive portfolio and offers key insights into the market space for wheels and tires. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build operative growth strategies.

Furthermore, by implementing a widespread research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the wheels and tires sector, the upcoming market research report on the global automotive carbon wheels market offers insights into the key market drivers, trends, and eminent challenges that will affect the growth of the key suppliers in this market space. This upcoming market research report on the global automotive carbon wheels also covers vendors like Dymag, Rotobox, Weds Co. Ltd, ESE Carbon, Carbon Revolution, and Blackstone Tek.

This market research report on the global automotive carbon wheels market also takes into account the growth of similar markets like agriculture tire, which are expected to grow at a CAGR of about 4% during the forecast period. According to our analysts, growing popularity of racing cars or bikes among the people may influence the demand for automotive carbon wheels in the coming years. The upcoming industry report on the global automotive carbon wheels market also offers insights into fast-growing segments within the automotive industry, including sectors like powertrain and automotive manufacturing. Additionally, the report also presents insights into the changing competitive landscape and gives clients an accurate picture of the future direction of the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.