The Europe Automotive Carbon Wheels Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Carbon wheels improve the bicycle's economy and performance in cycling competitions, straights, trails, and curves, but especially in ascents, which would become less tiresome and much faster to complete. Cycling would no longer be a humiliating endeavour, as these high-performance wheels would deliver outstanding results. Carbon fibre has a huge capacity for impact absorption. When cycling on the carbon wheels, customers may notice a substantial difference in the impact of their legs, arms, and torso. Physically harsh impacts would become less painful and more easily supported.
Carbon fibre offers for a wide range of wheel options. Wheels with various profiles, hubs, and rim widths, and also carbon spokes, various weights and measurements, are available, with a wide range of models for the same sort of use.
During the moulding process, a strong, lightweight foam is introduced into the inside cavity of the wheel to assure the internal layer of the carbon keeps its shape and position. The finished wheel has little structural strength because of the foam. Each wheel has a completely cosmetic top layer of carbon fibre and a glossy epoxy coating on the outside. The top layer's appearance-focused approach makes way for customized styles.
The existence of significant auto manufacturers in the Europe region that use carbon fibre composite materials in their vehicles, such as Porsche, Mercedes-Benz, Audi, BMW, Ferrari, and Lamborghini, as well as a strong focus on material science for constructing light automotive composite materials like carbon fibre automotive rims & wheels, are anticipated to help the growth of the carbon wheels market in Europe during the forecast period. Furthermore, automakers are forming new alliances and introducing novel carbon fibre technologies for the development of vehicle components.
The large presence of OEMs in Europe, and also their focus on carbon fibre wheels because of the functional benefits these wheels bring, is strengthening Europe's share of the automotive carbon wheel market. BMW AG, for example, introduced carbon composite wheels in 2016 and sold them with their M4 GTS model. The company also developed metal alloy hybrid carbon wheels and emissions fibre composite equipment. In addition, regional automobile wheel manufacturers are collaborating with OEMs to develop innovative carbon wheel products.
The Germany market dominated the Europe Automotive Carbon Wheels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $75.8 million by 2028. The UK market is poised to grow at a CAGR of 7.7% during (2022 - 2028). Additionally, The France market would display a CAGR of 9.5% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, and Two Wheelers. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Carbon Wheels Market will Hit $1 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carbon Revolution Ltd., Thyssenkrupp AG, Hitachi Metals, Ltd. (Hitachi, Ltd.), Dymag Group Limited, HRE Performance Wheels, Litespeed Racing Inc., Rolko Kohlgrüber GmbH, Ronal Group, Rotobox d.o.o., and ESE Carbon Company.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Carbon Revolution Ltd.
- Thyssenkrupp AG
- Hitachi Metals, Ltd. (Hitachi, Ltd.)
- Dymag Group Limited
- HRE Performance Wheels
- Litespeed Racing Inc.
- Rolko Kohlgrüber GmbH
- Ronal Group
- Rotobox d.o.o.
- ESE Carbon Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Automotive Carbon Wheels Market, by Distribution Channel
1.4.2 Europe Automotive Carbon Wheels Market, by Vehicle Type
1.4.3 Europe Automotive Carbon Wheels Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Automotive Carbon Wheels Market by Distribution Channel
3.1 Europe OEM Market by Country
3.2 Europe Aftermarket Market by Country
Chapter 4. Europe Automotive Carbon Wheels Market by Vehicle Type
4.1 Europe Passenger Cars Market by Country
4.2 Europe Commercial Vehicles Market by Country
4.3 Europe Two Whelers Market by Country
Chapter 5. Europe Automotive Carbon Wheels Market by Country
5.1 Germany Automotive Carbon Wheels Market
5.1.1 Germany Automotive Carbon Wheels Market by Distribution Channel
5.1.2 Germany Automotive Carbon Wheels Market by Vehicle Type
5.2 UK Automotive Carbon Wheels Market
5.2.1 UK Automotive Carbon Wheels Market by Distribution Channel
5.2.2 UK Automotive Carbon Wheels Market by Vehicle Type
5.3 France Automotive Carbon Wheels Market
5.3.1 France Automotive Carbon Wheels Market by Distribution Channel
5.3.2 France Automotive Carbon Wheels Market by Vehicle Type
5.4 Russia Automotive Carbon Wheels Market
5.4.1 Russia Automotive Carbon Wheels Market by Distribution Channel
5.4.2 Russia Automotive Carbon Wheels Market by Vehicle Type
5.5 Spain Automotive Carbon Wheels Market
5.5.1 Spain Automotive Carbon Wheels Market by Distribution Channel
5.5.2 Spain Automotive Carbon Wheels Market by Vehicle Type
5.6 Italy Automotive Carbon Wheels Market
5.6.1 Italy Automotive Carbon Wheels Market by Distribution Channel
5.6.2 Italy Automotive Carbon Wheels Market by Vehicle Type
5.7 Rest of Europe Automotive Carbon Wheels Market
5.7.1 Rest of Europe Automotive Carbon Wheels Market by Distribution Channel
5.7.2 Rest of Europe Automotive Carbon Wheels Market by Vehicle Type
Chapter 6. Company Profiles
6.1 Carbon Revolution Ltd.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.2 Thyssenkrupp AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.3 Hitachi Metals, Ltd. (Hitachi, Ltd.)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.4 Dymag Group Limited
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.5 HRE Performance Wheels
6.5.1 Company Overview
6.6 Litespeed Racing, Inc.
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Product Launches and Product Expansions:
6.7 Rolko Kohlgrüber GmbH
6.7.1 Company Overview
6.8 Ronal Group
6.8.1 Company Overview
6.9 Rotobox d.o.o.
6.9.1 Company Overview
6.10. ESE Carbon Company
6.10.1 Company Overview
TABLE 1 Europe Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 2 Europe Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 3 Europe Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Europe Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Europe OEM Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe OEM Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 Europe Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 Europe Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Two Whelers Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Two Whelers Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Automotive Carbon Wheels Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Automotive Carbon Wheels Market by Country, 2022 - 2028, USD Million
TABLE 19 Germany Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 20 Germany Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 21 Germany Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 Germany Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 Germany Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 Germany Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 UK Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 26 UK Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 27 UK Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 UK Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 UK Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 UK Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 France Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 32 France Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 33 France Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 France Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 France Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 France Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 Russia Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 38 Russia Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 39 Russia Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Russia Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Russia Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 42 Russia Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 43 Spain Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 44 Spain Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 45 Spain Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Spain Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Spain Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Spain Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 Italy Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 50 Italy Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 51 Italy Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Italy Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Italy Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 Italy Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 Rest of Europe Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 56 Rest of Europe Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 57 Rest of Europe Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 Rest of Europe Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 Rest of Europe Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 Rest of Europe Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 Key Information – Carbon Revolution Ltd.
TABLE 62 Key Information – thyssenkrupp AG
TABLE 63 Key Information – Hitachi Metals, Ltd.
TABLE 64 Key Information – Dymag Group Limited
TABLE 65 Key Information – HRE Performance Wheels
TABLE 66 Key Information – Litespeed Racing, Inc.
TABLE 67 Key Information – Rolko Kohlgrüber GmbH
TABLE 68 Key Information – RONAL Group
TABLE 69 Key Information – Rotobox d.o.o.
TABLE 70 Key Information – ESE Carbon Company
List of Figures
FIG 1 Methodology for the research