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Automotive Carbon Wheel Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Automotive Carbon Wheel Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Automotive Carbon Wheel Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 20 Jan 2020
  • Report ID: Auto&T 007
  • Pages:171
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

According to a study published by Insure Insights, the global automotive carbon wheels is anticipated to grow at a CAGR of 6.7% during the forecast period. Automotive carbon wheels are advanced automotive wheels manufactured using carbon fiber and resin. Automotive carbon wheels are made of lightweight components and provide long wheel life and high strength. They offer various other advantages over conventional wheels such as high fatigue failure strength and durability, self-vibration damping, better road grip, and high heat resistance. Besides, carbon wheels also increase fuel efficiency and reduce carbon emission.

Top Driver: Surge in Vehicle Production and the Ongoing Trend of Weight Reduction in Vehicles

The surge in vehicle production and the ongoing trend of weight reduction in vehicles propel the growth of the automotive carbon wheel market. Besides, advancements in technology and product innovations in material, aerodynamics, and design have further fueled the industry growth. In addition to this, an increase in disposable income on the vehicle along with growth in population, further stimulate market growth. Further, the increase in carbon fiber employment in the automotive industry and increasing investment in wheel design for better aerodynamics create lucrative opportunities for the automotive wheel market.

Aluminum wheel market Holds the Largest Market Share

The global automotive carbon wheel market is segmented into aluminum, steel wheels, magnesium, and carbon fiber based on the material. The aluminum wheel segment accounts for the largest market share. The easy availability of raw materials and stringent regulatory policies to promote fuel-efficient vehicle part manufacturing have fueled the demand for lightweight wheels. Aluminum wheels are the first choice over steel wheels in passenger cars. Other factors, such as lightweight, better heat conductivity, and anti-corrosive properties, will drive its demand. Based on the product, the market is segmented into regular and high performance. Based on the end-use the market is segmented into OEM and aftermarket.

 Presence of Major Players and Promotion of Fuel-efficient Vehicle to Benefit Asia Pacific Market

The Asia Pacific and Europe are estimated to be highly lucrative regions during the forecast period. The growth is attributed to the presence of the major automotive industry in China, India, Germany, and Japan. Surging demand for enhanced fuel economy in vehicles across the Asia Pacific is anticipated to boost the automotive wheel market in the Asia Pacific. The presence of original equipment manufacturers and tier-1 suppliers in Europe with advanced research and development facilities in material composition is anticipated to stimulate the automotive wheel market in Europe.

Players to Focus on Automotive carbon wheel market

The global automotive carbon wheel market is estimated to stay fragmented during the forecast period owing to the possible new entrants. Major players operating in the market are  Iochpe-Maxion (Brazil), Superior Industries International (US), Accuride Corporation (US), Steel Strips Wheels (India), Hitachi Metals (Japan), Enkei (Japan), Citic Dicastal (China), Zhejiang Wanfeng Auto Wheel (China), Borbet (Germany), Mangels Industrial (Brazil), and Mefro Wheels (Germany).

MAXION WHEELS: In October 2019, MAXION WHEELS partnered with ZF OPENMATICS to help fleets perform more safely and efficiently by collecting essential vehicle data at the wheel through its groundbreaking MaxSmart technology.

ARCONIC: In October 2018, ARCONIC sold its Texarkana, Texas, U.S. rolling mill to Ta Chen International, Inc., a U.S.-based subsidiary of aluminum and stainless-steel distributor. The deal was valued at ~US$ 350 Mn.

Scope of the Report

By Material

  • Aluminum
  • Steel wheels
  • Magnesium
  • Carbon fiber

By Product

  • Regular
  • High Performance

By End-User

  • OEM
  • Aftermarket

By Region

North America

  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Automotive Carbon Wheel Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Automotive Carbon Wheel Market -Industry Snapshots

6.1             Overview

6.1.1          Global Automotive Carbon Wheel Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Automotive Carbon Wheel Market Analysis, by Material

7.1             Overview

7.2             Key Findings for Automotive Carbon Wheel Market- By Material

7.2.1          Automotive Carbon Wheel Market- Aluminum

7.2.2          Automotive Carbon Wheel Market- Steel wheels

7.2.3          Automotive Carbon Wheel Market- Magnesium

7.2.4          Automotive Carbon Wheel Market- Carbon fiber

Chapter 8           Global Automotive Carbon Wheel Market Analysis, by Product

8.1             Overview

8.2             Key Findings for Automotive Carbon Wheel Market- By Product

8.2.1          Automotive Carbon Wheel Market- Regular

8.2.2          Automotive Carbon Wheel Market- High Performance

Chapter 9           Global Automotive Carbon Wheel Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Automotive Carbon Wheel Market- By End User

9.2.1          Automotive Carbon Wheel Market- OEM

9.2.2          Automotive Carbon Wheel Market- Aftermarket

Chapter 10       Automotive Carbon Wheel Market Analysis by Region

10.1           Key Findings for Automotive Carbon Wheel Market- By region

10.2           Overview

10.2.1       Global Automotive Carbon Wheel Market Analysis, By Material, 2019 – 2028

10.2.2       Global Automotive Carbon Wheel Market Analysis, By Product, 2019 – 2028

10.2.3       Global Automotive Carbon Wheel Market Analysis, By End User, 2019 – 2028

10.3           Automotive Carbon Wheel Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Material

10.3.6       North America Market, By Product

10.3.7       North America Market, By End User

10.4           Automotive Carbon Wheel Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Material

10.4.8       Europe Market, By Product

10.4.9       Europe market by, End User

10.5           Automotive Carbon Wheel Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Material

10.5.7       Asia Pacific Market, By Product

10.5.8       Asia Pacific Market, By End User

10.6           Automotive Carbon Wheel Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Material

10.6.6       South America, Middle East and Africa Market, By Product

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Iochpe-Maxion

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Superior Industries International

12.3           Accuride Corporation

12.4           Steel Strips Wheels

12.5           Hitachi Metals

12.6           Enkei

12.7           Citic Dicastal

12.8           Zhejiang Wanfeng Auto Wheel

12.9           Borbet

12.10        Mangels Industrial

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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