The carbon wheels market will witness substantial growth over the forthcoming timeframe owing to rising e-vehicle sales and growing product demand from the premium vehicles segment. Additionally, the market is also set to witness considerable growth owing to increasing consumer focus towards fuel efficiency.

Today, carbon fiber has become one of the most prevalent materials in the automotive sector, including the motorbike industry. Carbon wheels are known to have exceptional characteristics such as lightweight, superior stiffness, and tire support, which allows them to offer benefits such as smoother ride quality and fuel efficiency.

Carbon wheels have several advantages which make them a preferred choice among individuals. These wheels are stiffer in comparison to aluminum wheels, in corners the stiffness of carbon wheels offers better traction. Another clear advantage of the carbon rims is vibration reduction. Amongst all two-wheeler owners, vibration is a major point that dictates purchase decisions. More carbon on a vehicle directly translates to significantly reduced vibrations owing to the nature of this material. This makes the product a significant selling point for the vehicle manufacturer.

Another advantage of carbon wheel is the weight. Owing to the light weight, counter steering becomes a feather-light experience as the bike responds much quicker to the movement of handlebars, tipping as well as changing direction instantly. This ability of carbon wheels to improve performance is expected to augment market revenue shares over the coming years.

In addition, carbon is more aerodynamic. Carbon rims generally produce more higher rims that are comparatively lighter. These rims guide the air better, thereby reducing drag. One of the essential qualities in a full carbon clincher is the look. A set of high carbon wheels are considered an asset on each and every bike. It is also noted that most of the individuals generally invest in carbon-based wheels owing to the appearance.

The carbon wheels market is bifurcated in terms of vehicle, end-use, regional landscape.

Based on vehicle, the carbon wheels market is classified into two-wheelers, commercial vehicles, premium vehicles, and passenger cars. The two-wheelers segment will grow with the CAGR of around 38% over the forthcoming time period owing to increasing product demand from segment.

In addition, given that a majority of two-wheeler sales occur in emerging economies where consumers tend to focus more on performance than aesthetics, the demand for two-wheelers that are lightweight, fuel efficient, easy to handle, and offer higher ride quality is immense. Industry players are increasingly innovating and seeking out way their vehicles can fulfil these demand, which would likely prove lucrative for the carbon wheel industry.

From a regional frame of reference, the LATAM carbon wheels market currently accounts for over 4% share in the overall market. Rising e-vehicle sales will increase product demand in the sector. The Middle East & Africa carbon wheels market will grow with the CAGR of around 30% over the forecast period owing to increasing product demand from the premium vehicles segment. Prominent industry growth is expected to come from countries like Saudi Arabia and the UAE.