Sept 27th,2021/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Carbon Wheels Market.
Carbon Wheels Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Carbon Wheels Market is likely to witness an impressive CAGR of 32.0% during the forecast period.
Increasing range of hybrid and electric vehicles, shifting focus of consumers toward lightweight components to minimize emissions, and growing sales of premium vehicles are some of the major factors driving the growth of the carbon wheels market during the forecast period.
Carbon Wheels Market Share: By Vehicle Type
Based on the vehicle type, the market is segmented as passenger cars, premium vehicles, commercial vehicles, and two-wheelers. The premium vehicles market accounted for the largest share of the market in 2020 and is estimated to maintain its growth rate owing to increasing disposable income and easy credit facilities during the forecast period. Also, emerging regulations to reduce the emission of CO2 globally is further expected to fuel the product demand in the market during the forecast period.
Carbon Wheels Market Share: By End-Use Type
Based on the end-use type, the market is segmented as OEM and aftermarket. The OEM segment is estimated to hold the major share of the market during the forecast period on account of growing availability of high-end vehicles. In addition, growing inclination towards product quality, reliability and after sales services is further expected to accelerate the segment’s growth during the forecast period.
Carbon Wheels Market Share: By Region
In terms of regions, North America is estimated to account for the major share of the market during the forecast period. The growth of the region’s market is owing to the presence of some of the key players of the automotive industry and huge investment flow in the regional market. Further, Latin America is estimated to witness significant growth rate in the market on account of the growing demand for SUVs and LCVs, and increasing presence of automotive manufacturers in the region over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Carbon Wheels Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research