Top Companies in Automotive Carbon Wheels Market | Major Industry Players Market Size, Competitive Analysis, Past data, | Vantage Market Research
A wheel is a hub-mounted, spherical metal frame with spokes or a solid disc as its spokes. Car tires are mounted on wheel frames, which are also referred to as rims or alloy wheels.
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Market Overview:
The Global Automotive Carbon Wheels Market was valued at USD 615.1 Million in the year 2021 and is forecast to reach a value of USD 1071.9 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.7% over the forecast period.
Automotive carbon wheels are advanced automotive wheels manufactured using carbon fiber and resin. Automotive carbon wheels are lightweight and provide long wheel life and high strength. In addition, they offer various other advantages over conventional wheels, such as high fatigue failure strength and durability, high heat resistance, self-vibration damping, better road grip, and. Besides, carbon wheels also increase fuel efficiency and reduce carbon emissions. To manufacture automotive wheels, steel and aluminum alloys have been used for the last few decades; however, these resources have limitations such as susceptibility to corrosion and considerable weight.
The decrease in vehicle weight, which results in improved economy and performance, is a crucial priority for automotive companies. Reduced wheel weight improves mobility, providing a quieter and smoother ride, faster acceleration, quicker deceleration, improved suspension, and more excellent fuel economy. These advantages have led to the use of composite materials in many areas of automobiles. For example, carbon fiber reinforced plastics provide a variety of practical benefits while also being aesthetically pleasing. As a result, weight reduction and other associated benefits propel the automobile carbon wheel industry worldwide.
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Some of the key players operating in the Automotive Carbon Wheels Market are listed below:
|
Company Name |
Revenue in the US |
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$17 Million |
|
<$5 Million |
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<$5 Million |
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<$5 Million |
|
$1 Billion |
|
$1 Billion |
|
$38 Billion |
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<$5 Million |
Headquarter in Australia, Carbon Revolution is a global technology company and tier one OEM supplier which has successfully innovated, commercialized, and industrialized the supply of lightweight carbon fiber wheels to the global automotive industry. The company was created to introduce innovative efficiency technologies to all automobiles. Carbon Revolution has grown from a single prototype to developing and producing wheels for some of the world's most prominent brands. Carbon Revolution is currently the industry leader, with about forty thousand Carbon Revolution wheels on the road.
Demag Group Ltd. stands for uncompromising quality. As one of the world's top producers of high-performance and durable industrial cranes, components, and motors, they provide clients with a broad spectrum of intelligent solutions for material flow and logistical demands. Tadano, established in Japan, currently owns Demag Cranes AG, a German heavy equipment company.
ESE Carbon is a leader in designing and engineering advanced carbon fiber parts and structural composites. The advanced carbon fiber parts and structural composites are developed using proprietary carbon fiber production processes, tailored fiber placement (TFP), and high-pressure resin infusion technologies. The company was founded in 2011 and headquartered in Jasper, Georgia, USA.
Headquartered in Los Angeles, USA, Litespeed Racing LLC was founded in 2006 with one goal to use advanced material and structural engineering to make the world's best lightweight performance accessories for race and street cars. In 2006, they began manufacturing carbon fiber engine bay covers to fit Audi and VW vehicles.
Hitachi Metals manufactures and markets a diverse portfolio of Tool Steel & Rolls, Industrial Aerospace & Energy Materials, Electronic Materials, Automotive Casting Products, Piping Components, Magnetic Materials, Power Electronic Materials, Wire Cables, and Related Products. The company was founded in 1956, and its headquarters is in Japan.
Ronal AG is a manufacturer of wheels for cars and commercial vehicles, with its headquarters in Switzerland. The company employs more than 8000 personnel and produces cast and forged wheels. In addition, the company is active in the OEM and aftermarket for cars and commercial vehicles. The company was founded in the year 1969.
ThyssenKrupp AG is a German multinational conglomerate focusing on industrial engineering and steel production. It is the result of the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and Essen. The two firms merged when many steel corporations in Europe and the United States were consolidating.
Headquartered in Borgholzhausen, Germany, Rolko Kohlgrüber GmbH is a manufacturer of rehabilitation aids, wheelchair parts, hospital bed accessories, wheels, castors, and components for companies in various sectors. The company was founded in the year 1990.
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