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Carbon Wheel Market Share, Trend & Growth Forecast to 2026

Growth of the global economy has fostered carbon wheels market trends, as introduction of several economic reforms has increased the buying power of individuals. Rising number of ultra-high & high-net-worth individuals and distinctive features such as sleek design, luxurious interiors, precision engineering and superior performance will uplift demand for luxurious premium vehicles, where carbon-based components are increasingly being installed.

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Carbon Wheel Market Share, Trend & Growth Forecast to 2026

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  1. Carbon Wheel Market Share, Trend & Growth Forecast to 2026

  2. KeyInsights Carbon Wheel Market : • Growth of the global economy has fostered carbon wheels market trends, as introduction of several economic reforms has increased the buying power of individuals. Rising number of ultra-high & high-net-worth individuals and distinctive features such as sleek design, luxurious interiors, precision engineering and superior performance will uplift demand for luxurious premium vehicles, where carbon-based components are increasingly being installed. • However, higher cost of production and raw material, and drastic impact of Covid-19 pandemic may hamper growing market demand in the near future. Light weight wheels are basically used in bicycles, where aluminum wheels has said to be as effective as carbon wheels but slightly heavier in some applications, bolstering a competitive market environment.

  3. Continued… • Advantages of carbon wheels owing to which they are extensively used in these elite class of vehicles are durability, improved efficiency to reduce fuel consumption, enhanced performance and aesthetics of the vehicle. According to new research report, global carbon wheels market size is anticipated to surpass US$450 million by 2026. • The end-users in the automobile sector are classified into two-wheelers, commercial vehicles, three-wheelers, passenger cars and premium vehicles. With rising preferences for safe, comfortable and hassle-free travelling, carbon wheels market share from passenger cars will record over 33% CGAR over 2020-2026.

  4. Latest Research Carbon Wheel Market @ https://bit.ly/3eNc8yE Request for a Sample Copy of This Research Report @ https://bit.ly/3hlVPKO

  5. Major Companies Carbon Wheel Market : • Dymag Group ltd. • Carbon Revolution Limited • ESE Carbon Company • Ronal Group • Geric B.V. • Blackstone Tek

  6. Regional Carbon Wheel Market : • Due to the presence of several premium and luxury automobile manufacturers including Porsche AG, Ferrari S.p.A and Daimler AG, Europe carbon wheels market size will exceed 30% CAGR from 2020 to 2026. • For an example, to produce OEM authorized single construction carbon fire wheels, Carbon Revolution announced its collaboration with Henkel in October 2019. To curb CO2 emissions strict compliance has been passed by European Union will encourage automobile manufacturers to use lightweight carbon fiber wheels in vehicles.

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