As per the latest report titled ‘Carbon Wheels Market Size By Vehicle, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, worldwide carbon wheels market is projected to grow momentously through 2026.
 

Consumer preference for high fuel efficiency, alongside escalating sales of e-vehicles, and surging demand for premium vehicles are propelling the growth of carbon wheels market. Carbon wheels are known to possess properties such as lightweight, tire support, and better stiffness enabling superior fuel efficiency and smoother ride.
 

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When compared to aluminum wheels, carbon wheels are stiffer and provide better traction at the corners. Further, carbon rims ensure vibration reduction which encourages two-wheeler vehicle manufacturers to adopt carbon components, thereby augmenting the market outlook.
 

The lightweight characteristics of carbon wheels enable smooth counter steering experience for two-wheelers resulting in swift movement of handlebars and instant direction change. Improved performance, aerodynamic properties, and enhanced aesthetics are boosting the demand for carbon wheels among the bikers.
 

Based on vehicle type, global carbon wheels market share from two-wheelers segment is anticipated to grow with a CAGR of 38% during 2020-2026. Consumer inclination towards vehicles with better ride quality, higher fuel efficiency, easy handleability, and lightweight is encouraging manufacturers to opt for carbon wheels in two-wheelers, especially across emerging nations, hence fostering the segmental share.
 

Considering the regional landscape, Latin America currently holds 4% market share which is poised to grow further in the coming years, owing to increasing sales of e-vehicles in the region. Meanwhile, Middle East & Africa carbon wheels market is projected to expand at 30% CAGR through 2026, led by Saudi Arabia and UAE. The growth is credited to surging usage of carbon wheels in premium vehicles.
 

Major contenders in carbon wheels market are Vision Ability Dedication (VAD) Ltd., ThyssenKrupp AG, Phoenix Wheel Company Inc. (HRE Wheels), Blackstone Tek (BST), Geric B.V., Rotobox D.O.O., Dymag Group Ltd., ESE Carbon Company, Carbon Revolution Ltd., and Ronal Group.