Press release
Automotive Carbon Wheels Market is Anticipated to mask a Noteworthy CAGR of 28.3% during the forecast period, according to Research Nester
Global automotive carbon wheels market is anticipated to mask a notable CAGR of 28.3% during the forecast period i.e. 2017-2024. Moreover, the global automotive carbon wheels market is projected to account for exponential revenue by the end of 2024. Additionally, growing inclination of consumers towards innovative and advanced automotive products is believed to propel the growth of automotive carbon wheels market.
In terms of regional platform, Asia Pacific accounted for the largest market of global automotive carbon wheels in terms of revenue in 2016. Moreover, presence of emerging economies such as China and India and positive GDP figures are believed to foster the growth of automotive carbon wheels market in this region. In addition to this, presence of major carbon wheels manufacturer i.e. Carbon Revolution Pty. Ltd in this region is also predicted to strengthen the market of automotive carbon wheels. Apart from this, Europe automotive carbon wheels market is anticipated to grow at a significant pace due to rise in sales of sports cars.
Government regulations
Government legislations and guidelines regarding pollution across the globe are projected to foster the growth of automotive carbon wheels market. Moreover, numerous properties of carbon wheels such as light weight, high tensile strength and others are also pushing the automotive manufacturers to adopt carbon wheels due to regulation imposed by government to reduce the weight of vehicles which are also predicted to upsurge the growth of automotive carbon wheels market.
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Rising Demand for Sports Cars
Increasing sales of sports cars on the back of swelled disposable income of the consumers is projected to bolster the growth of automotive carbon wheels market across the globe.
In contrast, high cost associated with automotive carbon wheels is expected to dampen the growth of the global automotive carbon wheels market in near future.
The report titled “Automotive Carbon Wheels Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global automotive carbon wheels market in terms of market segmentation by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global automotive carbon wheels market which includes company profiling of ESE Carbon, Eve Wheels LLC and Carbon Revolution Pty Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive carbon wheels market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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