“Automotive Carbon Wheels Market:
Global Demand Analysis & Opportunity Outlook 2024”
The
global automotive carbon wheels market is segmented into distribution channel such as OEM and aftermarket, out of which, OEM segment
is expected to dominate the overall automotive carbon wheels market and is
anticipated to capture a noteworthy CAGR by 2024. Likely, rising popularity of carbon wheels on the back of high
tensile strength is
envisioned
to bolster the growth of global automotive
carbon wheels market. Furthermore, rising number of automobiles on road
is also projected to trigger the growth of automotive carbon wheels market in near future.
Global automotive carbon wheels market
is anticipated to mask a notable CAGR of 28.3% during
the forecast period i.e. 2017-2024. Moreover, the global automotive carbon wheels market is projected
to account for exponential revenue by the end of 2024. Additionally, growing inclination
of consumers towards innovative and advanced automotive products is believed to propel the growth of automotive
carbon wheels market.
In terms of regional platform, Asia Pacific
accounted for the largest market of global automotive
carbon wheels in terms of revenue in 2016. Moreover, presence of emerging
economies such as China and India and positive GDP figures are believed to
foster the growth of automotive carbon wheels market in this region. In addition to this, presence of major carbon wheels
manufacturer i.e. Carbon Revolution Pty. Ltd in
this region is also predicted to strengthen the market of automotive carbon wheels.
Apart from this, Europe automotive carbon wheels market is anticipated to grow
at a significant pace due to rise in sales of sports cars.
Government regulations
Government
legislations and guidelines regarding pollution across the globe are projected
to foster the growth of automotive carbon wheels market. Moreover, numerous
properties of carbon wheels such as light weight, high tensile strength and
others are also pushing the automotive manufacturers to adopt carbon wheels due
to regulation imposed by government to reduce the weight of vehicles which are
also predicted to upsurge the growth of automotive carbon wheels market.
Rising
Demand for Sports Cars
Increasing sales of sports cars
on the back of swelled disposable income of the consumers is projected to
bolster the growth of automotive carbon
wheels market across the globe.
In contrast, high cost
associated with automotive carbon wheels is expected to dampen the growth of
the global automotive carbon wheels market in near future.
The report titled “Automotive
Carbon Wheels Market:
Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of
the global automotive carbon wheels market
in terms of market segmentation by distribution channel and by
region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global automotive
carbon wheels market which includes company profiling of ESE Carbon, Eve Wheels LLC and Carbon
Revolution Pty Ltd. The profiling enfolds key information
of the companies which encompasses business overview, products and services,
key financials and recent news and developments. On the whole, the report
depicts detailed overview of the global automotive carbon wheels market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected trends
in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/automotive-carbon-wheels-market/520
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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