DUBLIN--(BUSINESS WIRE)--The "Automotive Carbon Wheels Market By Vehicle Type, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global automotive carbon wheels market was valued at $626 million in 2021 and is projected to reach $1481.5 million by 2030, growing at a CAGR of 9.9% from 2022 to 2030.
Aluminum and steel alloys have long been used in the production of automobile wheels. However, these materials are prone to corrosion and have drawbacks such as high weight. As a result, automakers prefer to make wheels out of composite materials. Fiber, which has been heretofore used in aeroplane and automotive industry structural parts, is being used in the manufacturing of automobile wheels.
Automotive carbon tires are made using a range of procedures, including flow forging and dry fiber processes. These methods produce a synthetic matrix with embedded carbon fiber and resin, which is then cured with heat and pressure.
These wheels provide a number of advantages, including reduced weight, increased driving comfort, and improved driving dynamics. The automotive carbon wheels are supplied by the original manufacturer.
To reduce cracking in the event of extreme loads/pressure, aluminum wheels are either cast or forged. Aluminum wheels are manufactured using two processes: casting and forging. The widespread accessibility of commodity materials, combined with corrosion resistance, will provide the market with strong growth prospects.
Changes in regulatory policies to encourage the production of fuel-efficient vehicle parts have increased the demand for lightweight wheels over steel alternatives. Additionally, characteristics such as lightweight, improved heat conductivity, and anti-corrosive properties will boost aluminum material demand.
Key Market Segments
By Vehicle Type
- Two Wheeers
- Passenger Cars
- Commercial Vehicles
By Distribution Channel
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Carbon Revolution
- dymag group limited
- ESE Carbon,
- ROTOBOX d.o.o.
- Litespeed Racing LLC
- HITACHI METALS, LTD.
- Phoenix Wheel Company, Inc.
- Rolko Kohlgruber GmbH
- thyssenkrupp ag
- Ronal Group
For more information about this report visit https://www.researchandmarkets.com/r/sjp2lq
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