The Asia Pacific Automotive Carbon Wheels Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
Up to 2010, car weight climbed steadily due to advancements in comfort, driver assistance technologies, and the more demanding homologation passive safety criteria. As a result of rising restrictions on pollution emissions reduction, every OEM (Original Equipment Manufacturers) have paid increasing attention to weight reduction in all automotive classes. Indeed, following the emergence of more fuel-efficient engines, increased fuel consumption and, as a result, higher CO2 emissions owing to weight have necessitated government action to chart a course for emission reduction over time.
As a result, research into composite parts, materials, and processes has become one of the automobile industry's key concerns, leading to the replacement of ordinary steel with alternative materials in numerous components and systems. Steel was traditionally replaced by aluminium, but OEMs are now considering carbon fiber-reinforced polymers (CFRP) technologies for their luxury models, as they offer even more weight savings and higher specific stiffness. For next-generation hybrid or electric vehicles, this tendency would be very essential. CFRP can be modified to increase functional, structural, or cosmetic features, in addition to being lightweight and high-strength.
In FY21, India manufactured 22.65 million vehicles, with 13 million vehicles produced during April and October of that year. Due to a rising middle class and a large part of India's population being young, the two-wheeler category would witness an expansion. Furthermore, the increased interest of businesses in investigating rural markets boosted the sector's expansion. India is a major vehicle exporter, with excellent export growth prospects in the near future. Moreover, many initiatives by the Indian government and major vehicle manufacturers are anticipated to accelerate India to the forefront.
In 2018, China's specialist car components industry was valued at $3.5 million, representing a 30 percent annual growth rate. Regardless of the fact that China's "Road Safety Law" virtually outlaws’ modifications, the car modification business continues popular in several major cities. Despite this, overseas specialty equipment manufacturers have recognized the market's potential. The International Trade Administration (ITA) keeps working with Chinese business and government representatives on aftermarket concerns, particularly specialty equipment, and has supplied information on how the US controls its aftermarket. The Specialty Equipment Market Association (SEMA) has received a Market Development Cooperator Program (MDCP) award from the International Trade Administration (ITA) to assist U.S. specialty components manufacturers in expanding their exports to China.
The China market dominated the Asia Pacific Automotive Carbon Wheels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $90.1 million by 2028. The Japan market is estimated to grow at a CAGR of 9.1% during (2022 - 2028). Additionally, The India market would witness a CAGR of 10.4% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Carbon Wheels Market is Projected to reach USD 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Automotive Carbon Wheels Market, by Distribution Channel
1.4.2 Asia Pacific Automotive Carbon Wheels Market, by Vehicle Type
1.4.3 Asia Pacific 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. Asia Pacific Automotive Carbon Wheels Market by Distribution Channel
3.1 Asia Pacific OEM Market by Country
3.2 Asia Pacific Aftermarket Market by Country
Chapter 4. Asia Pacific Automotive Carbon Wheels Market by Vehicle Type
4.1 Asia Pacific Passenger Cars Market by Country
4.2 Asia Pacific Commercial Vehicles Market by Country
4.3 Asia Pacific Two Whelers Market by Country
Chapter 5. Asia Pacific Automotive Carbon Wheels Market by Country
5.1 China Automotive Carbon Wheels Market
5.1.1 China Automotive Carbon Wheels Market by Distribution Channel
5.1.2 China Automotive Carbon Wheels Market by Vehicle Type
5.2 Japan Automotive Carbon Wheels Market
5.2.1 Japan Automotive Carbon Wheels Market by Distribution Channel
5.2.2 Japan Automotive Carbon Wheels Market by Vehicle Type
5.3 India Automotive Carbon Wheels Market
5.3.1 India Automotive Carbon Wheels Market by Distribution Channel
5.3.2 India Automotive Carbon Wheels Market by Vehicle Type
5.4 South Korea Automotive Carbon Wheels Market
5.4.1 South Korea Automotive Carbon Wheels Market by Distribution Channel
5.4.2 South Korea Automotive Carbon Wheels Market by Vehicle Type
5.5 Singapore Automotive Carbon Wheels Market
5.5.1 Singapore Automotive Carbon Wheels Market by Distribution Channel
5.5.2 Singapore Automotive Carbon Wheels Market by Vehicle Type
5.6 Malaysia Automotive Carbon Wheels Market
5.6.1 Malaysia Automotive Carbon Wheels Market by Distribution Channel
5.6.2 Malaysia Automotive Carbon Wheels Market by Vehicle Type
5.7 Rest of Asia Pacific Automotive Carbon Wheels Market
5.7.1 Rest of Asia Pacific Automotive Carbon Wheels Market by Distribution Channel
5.7.2 Rest of Asia Pacific 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 Asia Pacific Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific OEM Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific OEM Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Two Whelers Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Two Whelers Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Automotive Carbon Wheels Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Automotive Carbon Wheels Market by Country, 2022 - 2028, USD Million
TABLE 19 China Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 20 China Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 21 China Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 China Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 China Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 China Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 Japan Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 26 Japan Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 27 Japan Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 Japan Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 Japan Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 Japan Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 India Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 32 India Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 33 India Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 India Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 India Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 India Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 South Korea Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 38 South Korea Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 39 South Korea Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 South Korea Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 South Korea Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 42 South Korea Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 43 Singapore Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 44 Singapore Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 45 Singapore Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Singapore Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Singapore Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Singapore Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 Malaysia Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 50 Malaysia Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 51 Malaysia Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Malaysia Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Malaysia Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 Malaysia Automotive Carbon Wheels Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 Rest of Asia Pacific Automotive Carbon Wheels Market, 2018 - 2021, USD Million
TABLE 56 Rest of Asia Pacific Automotive Carbon Wheels Market, 2022 - 2028, USD Million
TABLE 57 Rest of Asia Pacific Automotive Carbon Wheels Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 Rest of Asia Pacific Automotive Carbon Wheels Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Automotive Carbon Wheels Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific 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