Global Automotive Carbon Wheels Market size was valued at USD 626 Mn in 2022 and is expected to reach USD 1559 Mn by 2029, at a CAGR of 13.9%.
Global Automotive Carbon Wheels Market Overview:
The Global Automotive Carbon Wheels market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Global Automotive Carbon Wheels Market, as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
The Automotive Carbon Wheels Market is segmented based on wheel type, application, and region. One-piece carbon wheels and multi-piece carbon wheels are the two major segments based on wheel type. The sports cars, luxury vehicles, and others are the three major segments based on application. The global market is also segmented into North America, Europe, Asia-Pacific, and the rest of the world based on region. Based on vehicle type, the Market is segmented into two-wheelers, passenger cars and commercial cars. The passenger car vehicle type segment dominated the market share in 2022. The increasing demand for these vehicles across the world is due to the changing economic development, luxury lifestyle and growth of industrialization and development as well as modern culture.
Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Global Automotive Carbon Wheels market are as follows:
1. BBS Kraftfahrzeugtechnik AG
2. Carbon Revolution
3. Dymag Group Ltd.
4. HRE Performance Wheels
5. Iochpe-Maxion S.A.
6. Koenigsegg Automotive AB
7. Marvic Wheels S.r.l
8. Performance Friction Corporation
9. Vossen Wheels
10. BST Wheels
11. Rotobox d.o.o.
12. Bucci Composites S.r.l.
13. Carbon-Ti
14. Carbon Fiber Elements
15. Forgeline Motorsports
16. HRE Wheels
17. JR Wheels
18. Novitec Group
19. OZ Group
20. Vorsteiner
21. Work Wheels
22. Z Performance Wheels
23. ADV.1 Wheels
24. BC Forged Wheels
25. Fikse Wheels
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Global market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Global market:
Due to a break in operations, end-user sectors where Global Automotive Carbon Wheels are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Global Automotive Carbon Wheels manufacturers, impacting the growth of the Global Automotive Carbon Wheels market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Global Automotive Carbon Wheels.
Key Questions Answered in the Global Automotive Carbon Wheels Market Report are:
- In 2021, which segment held the highest proportion of the Global Automotive Carbon Wheels market?
- What is the Global market’s competitive landscape?
- What are the primary drivers assisting Global market growth?
- Which region has the most market share in the Global Automotive Carbon Wheels market?
- What will be the Global market’s CAGR throughout the projected period (2022-2027)?
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