Automotive Carbon Wheels Market to Exceed USD 23bn by 2026, at a CAGR of 31.2% from 2018 to 2026

Friday, March 30, 2018 4:57 AM UTC

NEW YORK, March 30, 2018 -- Global Carbon Automotive Carbon Wheels Market is expected to reach 23.2 billion by 2026 at impressive CAGR of 31.2%. Carbon wheels implemented in vehicles can save up to 20% of weight against other vehicles using aluminum wheels. These wheels feature an Araldite structural system CFRP (Carbon Fiber Reinforced Polymer) rim around an aluminum alloy centre star. Developed using high-pressure resin transfer molding process in its manufacture, it delivers the necessary thermal and mechanical performance. Carbon wheels deliver weight reduction, releasing extra power to vehicle, energy savings and increased comfort through vibrations damping.

The notable advantages of the carbon wheel also include less rotating mass and less unsprung mass, the benefits include a reduction in fuel consumption, less road noise and decreased stopping distances, as well as providing increased acceleration, improved mechanical grip, plus enhanced steering and handling. Light weighting trend in the automotive industry is pushing OEM`s and Tiers to become more creative in terms of materials and improvisation in performance.

In the near future, many OEM`s and Tiers manufacturer are now looking into cost competitive mass production of carbon wheels; hence the formerly custom made and very expensive wheel that was primarily purchased by car and motor sport fanatics will be available for a much broader market in the upcoming years. The driving forces of lower weight, superior aerodynamics, and stiffness to weight ratio, hence lower fuel consumptions, are paramount aspects for performance. Additionally, weight reduction of the car is one of the key factors to comply with country regulations on CO2 emissions.

Steel and aluminum alloys have long been the predominant materials used for the manufacture of car wheels. However, these materials have significant limitations compared to composites:

they are prone to corrosion
are heavier
cannot be further optimized to reduce weight without sacrificing safety.

On the other side with an unmatched strength and stiffness to weight ratio, these carbon fiber composite wheels are structurally optimized for the required loading while minimizing weight. Reducing the weight of vehicle wheels yields better handling, a quieter and smoother ride, faster acceleration, quicker deceleration, and improved fuel efficiency. The Next Generation Autoclave Process (NGAP) technology leverages the advantages of autoclave manufacturing with a mass production approach to deliver high quality carbon fiber composites at a price point that is not currently possible with any other production method. Carbon wheels use resin that has been chosen as the matrix material because of its very good processing characteristics (low viscosity, easy carbon fiber impregnation, high production speed) and high mechanical properties at the elevated temperatures typical for this application. The resins can be easily adjusted for complex-shaped part designs and a specific process set up.

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Carbon Automotive Carbon Wheels Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Carbon Automotive Carbon Wheels Market: