The North America Automotive Carbon Wheels Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
A wheel is a hub-attached circular metal frame with spokes or a solid disc. Car tyres are placed on a wheel frame, which is sometimes called rims or alloy wheels. These are made of steel, aluminium, magnesium, carbon fibre, or a mixture of these metals. Carbon fibre wheels for automobiles are lightweight, get a long wheel life, and are very robust. They also have a number of advantages over standard wheels, including increased fatigue damage quality and rigidity, increased grip, self-vibration cushioning, and high temperature rigidity.
Due to wheel movement and an absence of static camber, a high-end OEM aluminium wheel severely burned the tire's outside edge during the testing. The Carbon Revolution CR-9, on the other hand, had substantially superior tyre wear, no blistering, and remained consistently faster on the track. Carbon wheels may maintain less static camber than aluminium wheels due to their stiffness. Braking, acceleration, and consistency are all improved as a result of this.
Carbon fibre composites are the best material with limitless applications due to their versatility and characteristics. In addition, carbon is a perfect material for security in everything from racecars to fighter aeroplanes to passenger planes to sporting goods and medical gadgets because of its light weight, strength, and durability.
Canadian companies are pioneering the development of game-changing automobile innovations. Global OEMs like GM and Ford, as well as tech titans like Uber, Google, and Nvidia, are investing heavily in autonomous and connected vehicle research thanks to Canada's strength in developing technologies. Artificial intelligence (AI) areas such as deep learning, machine learning, neural networks, and computer vision are increasingly driving growth in Canada's thriving tech economy. Geoffrey Hinton, Yoshua Bengio, and Richard Sutton were early AI pioneers in Canada, and their work contributed establish the groundwork for self-driving cars.
As electric and autonomous vehicles grow more common, handling data from vehicles is becoming a progressively crucial part of ensuring reliable and safe transportation. Canada has the expertise to analyze the big data that automated cars are already producing. In addition, Canadian companies are collaborating with global OEMs to handle huge quantities of data and optimize the performance of entire networks of vehicles, due to groups of academic and commercial quantum computing R&D. Canadian businesses also have the know-how to keep that information safe.
The US market dominated the North America Automotive Carbon Wheels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $229 million by 2028. The Canada market is experiencing a CAGR of 11.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 10.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Carbon Wheels Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Automotive Carbon Wheels Market, by Distribution Channel
1.4.2 North America Automotive Carbon Wheels Market, by Vehicle Type
1.4.3 North America 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. North America Automotive Carbon Wheels Market by Distribution Channel
3.1 North America OEM Market by Country
3.2 North America Aftermarket Market by Country
Chapter 4. North America Automotive Carbon Wheels Market by Vehicle Type
4.1 North America Passenger Cars Market by Country
4.2 North America Commercial Vehicles Market by Country
4.3 North America Two Whelers Market by Country
Chapter 5. North America Automotive Carbon Wheels Market by Country
5.1 US Automotive Carbon Wheels Market
5.1.1 US Automotive Carbon Wheels Market by Distribution Channel
5.1.2 US Automotive Carbon Wheels Market by Vehicle Type
5.2 Canada Automotive Carbon Wheels Market
5.2.1 Canada Automotive Carbon Wheels Market by Distribution Channel
5.2.2 Canada Automotive Carbon Wheels Market by Vehicle Type
5.3 Mexico Automotive Carbon Wheels Market
5.3.1 Mexico Automotive Carbon Wheels Market by Distribution Channel
5.3.2 Mexico Automotive Carbon Wheels Market by Vehicle Type
5.4 Rest of North America Automotive Carbon Wheels Market
5.4.1 Rest of North America Automotive Carbon Wheels Market by Distribution Channel
5.4.2 Rest of North America 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 North America Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 2 North America Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 3 North America Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 North America Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 North America OEM Market by Country, 2018 - 2021, USD Million
TABLE 6 North America OEM Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 North America Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 North America Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Two Whelers Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Two Whelers Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Automotive Carbon Wheels Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Automotive Carbon Wheels Market by Country, 2022 - 2028, USD Million
TABLE 19 US Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 20 US Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 21 US Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 US Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 US Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 US Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 Canada Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 26 Canada Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 27 Canada Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 Canada Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 Canada Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 Canada Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 Mexico Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 32 Mexico Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 33 Mexico Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 Mexico Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 Mexico Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 Mexico Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 Rest of North America Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Rest of North America Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Rest of North America Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 42 Rest of North America Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 43 Key Information – Carbon Revolution Ltd.
TABLE 44 Key Information – thyssenkrupp AG
TABLE 45 Key Information – Hitachi Metals, Ltd.
TABLE 46 Key Information – Dymag Group Limited
TABLE 47 Key Information – HRE Performance Wheels
TABLE 48 Key Information – Litespeed Racing, Inc.
TABLE 49 Key Information – Rolko Kohlgrüber GmbH
TABLE 50 Key Information – RONAL Group
TABLE 51 Key Information – Rotobox d.o.o.
TABLE 52 Key Information – ESE Carbon Company
List of Figures
FIG 1 Methodology for the research