Portland, OR, July 07, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global automotive carbon wheels market generated $626.00 million in 2021, and is projected to reach $1.5 billion by 2030, growing at a CAGR of 9.9% from 2022 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in need to improve fuel efficiency and reduce vehicle weight, improved efficiency and performance provided by carbon wheels, and the growing popularity of electric vehicles in various countries are expected to drive the growth of the global automotive carbon wheels market. On the other hand, high cost of manufacturing carbon fibre material is expected to hinder the growth to some extent. However, persistent technological advancements in automotive carbon wheels market are expected to create ample opportunities for the industry.
Download Report (252 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12081
COVID-19 Scenario
- The outbreak of COVID-19 has had a negative impact on the growth of the global automotive carbon wheels market, owing to the presence of lockdowns in various countries across the globe.
- Lockdowns resulted in the closure of various industrial operations in the automotive industry and adversely decreased…
