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Carbon Wheels Market Analysis
- Report ID: GMI4768
- Published Date: Mar 2024
- Report Format: PDF
Carbon Wheels Market Analysis
Based on vehicle type, the market is divided into passenger cars, commercial vehicles, and two wheelers. The commercial vehicles segment dominated around USD 323 million revenue in 2023. Commercial vehicles and luxury vehicles have more share in carbon wheels as they have luxurious interiors and carbon wheels are lighter and stronger in performance.
Based on distribution channel, the market is categorized into OEM, Aftermarket. The original equipment manufacturer (OEM) segment accounted for 81% of the carbon wheels market share in 2023. OEMs produce carbon wheels in quality standards that preserve their brand value.
Asia Pacific carbon wheels market size held over USD 206 million in 2023. The APAC region has been undergoing urbanization because of rapid industrialization. APAC region has also witnessed market growth of luxury vehicles especially in countries like, India, China, Singapore which signals the growth and acceptance of market.
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Carbon Wheels Market Scope
