The Latin America, Middle East and Africa Automotive Carbon Wheels Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
CFRPs have traditionally been employed in defence, aerospace, defence, and racing applications, but they are now finding the latest applications in the marine, automotive, energy (for example, wind blades), industrial components, and other fields. The most attractive application field for composites is automotive, which has the largest development potential. Several major automakers, like BMW and Mercedes, are considering or have already begun to extend their production of fuel-effectiveness vehicles by employing carbon fibres to reduce weight. These initiatives are expected to propel the CFRP market in the automotive industry to the forefront.
Lightweight wheels are possibly the single most important performance upgrade companies can make to the car. The gyroscopic effect, according to basic physics, necessitates a large amount of effort to shift a spinning item - the heavier the object, the more effort is necessary. Companies can run faster and change directions more precisely with lighter, firmer wheels. Because no wheel is lighter than a CR-9, anyone can precisely place their automobile with less effort and more input.
South Africa is ranked 22nd in the world for automobile manufacture, with a 0.58 percent market share. On the back of enhanced foreign direct investment and trade, the South African automotive industry's growth strategies were concentrated on becoming fully connected into the global automotive environment. The goal of the South African Automotive Masterplan (SAAM) 2021-2035 is for South Africa to generate 1% of worldwide vehicle production, or 1,4 million automobiles per year, by 2035, significantly improving the country's standing and global vehicle production ranking.
As a result, the automotive industry is playing an extremely essential strategic & catalytic part in the South African economy, influencing numerous key policy goals directly, including GDP contribution, skills development, employment, technology, economic linkages, and innovation. The manufacturing, servicing, distribution, and regular maintenance of motor vehicles and components are all part of the South African automotive sector. Original equipment manufacturers (OEMs), authorized dealers, and repair specialists collaborate closely to provide maintenance and repairs. They focus on ensuring warranty service, environmental protection, driver safety, spare parts accessibility, and technical development information. These determinants would fuel the growth of the regional automotive carbon wheels market over the forecast period.
The Brazil market dominated the LAMEA Automotive Carbon Wheels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15.5 million by 2028. The Argentina market is anticipated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 10.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Automotive Carbon Wheels Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Automotive Carbon Wheels Market, by Distribution Channel
1.4.2 LAMEA Automotive Carbon Wheels Market, by Vehicle Type
1.4.3 LAMEA 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. LAMEA Automotive Carbon Wheels Market by Distribution Channel
3.1 LAMEA OEM Market by Country
3.2 LAMEA Aftermarket Market by Country
Chapter 4. LAMEA Automotive Carbon Wheels Market by Vehicle Type
4.1 LAMEA Passenger Cars Market by Country
4.2 LAMEA Commercial Vehicles Market by Country
4.3 LAMEA Two Whelers Market by Country
Chapter 5. LAMEA Automotive Carbon Wheels Market by Country
5.1 Brazil Automotive Carbon Wheels Market
5.1.1 Brazil Automotive Carbon Wheels Market by Distribution Channel
5.1.2 Brazil Automotive Carbon Wheels Market by Vehicle Type
5.2 Argentina Automotive Carbon Wheels Market
5.2.1 Argentina Automotive Carbon Wheels Market by Distribution Channel
5.2.2 Argentina Automotive Carbon Wheels Market by Vehicle Type
5.3 UAE Automotive Carbon Wheels Market
5.3.1 UAE Automotive Carbon Wheels Market by Distribution Channel
5.3.2 UAE Automotive Carbon Wheels Market by Vehicle Type
5.4 Saudi Arabia Automotive Carbon Wheels Market
5.4.1 Saudi Arabia Automotive Carbon Wheels Market by Distribution Channel
5.4.2 Saudi Arabia Automotive Carbon Wheels Market by Vehicle Type
5.5 South Africa Automotive Carbon Wheels Market
5.5.1 South Africa Automotive Carbon Wheels Market by Distribution Channel
5.5.2 South Africa Automotive Carbon Wheels Market by Vehicle Type
5.6 Nigeria Automotive Carbon Wheels Market
5.6.1 Nigeria Automotive Carbon Wheels Market by Distribution Channel
5.6.2 Nigeria Automotive Carbon Wheels Market by Vehicle Type
5.7 Rest of LAMEA Automotive Carbon Wheels Market
5.7.1 Rest of LAMEA Automotive Carbon Wheels Market by Distribution Channel
5.7.2 Rest of LAMEA 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 LAMEA Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 LAMEA Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 LAMEA OEM Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA OEM Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 LAMEA Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 LAMEA Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Two Whelers Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Two Whelers Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Automotive Carbon Wheels Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Automotive Carbon Wheels Market by Country, 2022 - 2028, USD Million
TABLE 19 Brazil Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 20 Brazil Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 21 Brazil Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 Brazil Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 Brazil Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 Brazil Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 Argentina Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 26 Argentina Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 27 Argentina Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 Argentina Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 Argentina Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 Argentina Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 UAE Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 32 UAE Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 33 UAE Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 UAE Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 UAE Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 UAE Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 Saudi Arabia Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 38 Saudi Arabia Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 43 South Africa Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 44 South Africa Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 45 South Africa Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 South Africa Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 South Africa Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 South Africa Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 Nigeria Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 50 Nigeria Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 51 Nigeria Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Nigeria Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Nigeria Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 Nigeria Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA 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