Global Automotive Carbon Wheels Market 2017-2021
About Automotive Carbon Wheels
Carbon wheels are manufactured using a combination of carbon fiber and resin by employing a suitable manufacturing method. The selection of the quality of carbon fiber and resin depends on the application of the product.
Carbon fiber products are manufactured using many manufacturing processes such as prepreg technology, autoclave, and resin transfer manufacturing (RTM) technology. These fibers are characterized by their lightweight and high fatigue strength. Automotive carbon wheels are classified under the high-performance category of wheels. They provide many advantages in high-performance cars. Some of these advantages include long wheel life, greater durability, high fatigue strength, self-vibration damping property, elimination of resonance frequencies, aerodynamic surface property, high heat resistance, less energy required for breaking, highly responsive steering control, better road grip, and reduced unspring rotation inertia.
Technavio’s analysts forecast the global automotive carbon wheels market to grow at a CAGR of 29.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive carbon wheels market for 2017-2021. To calculate the market size, the report considers the stock fitment of carbon wheels and excludes aftermarket fitments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Carbon Wheels Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive carbon wheels market: Carbon Revolution.
Other Prominent Vendors in the market are: ESE Carbon and Dymag and HRE Wheels.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of carbon fiber in SUV segment. The carbon wheels currently have their application in the sports cars, racing cars, hyper cars, and a few high-performance cars. There are many advantages of carbon wheels in heavy segments such as SUVs with the increasing popularity of the SUVs and increasing application of carbon fiber. SUVs are now no longer all-terrain vehicles they are taking the position of daily commute vehicles. As the need for weight reduction is increasing in all the segments of the automotive industry, carbon wheels might have an edge in this segment as well in future.”
According to the report, one of the major drivers for this market is Technological advantage of carbon wheel technology. Carbon fiber is 13 times stronger than aluminum and weighs almost half. The significant feature of carbon fiber composites is that the placement of fibers can be modified and with correct research, the desired results can be achieved. The placement of fiber and the visual face in the carbon wheels from Carbon Revolution are designed with the best aerodynamics, which reduces the drag coefficient by 30%-40%.
Further, the report states that one of the major factors hindering the growth of this market is High cost of carbon wheels affecting market growth. The industry is expanding its material choices with significant investments in the development of advanced materials. Carbon fiber is one of the materials that have been researched significantly; however, its penetration in the mass segment of standard vehicles is still negligible. The production of carbon fiber products requires considerable lead time, expensive raw materials, intensive labor, and availability of carbon fiber experts that increase the overall cost of the product.
Carbon Revolution, ESE Carbon and Dymag and HRE Wheels.
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