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Carbon Wheels Market Share

Report ID: GMI4768
Published Date: Mar 2024
Report Format: PDF

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Carbon Wheels Market Share

Global Company Market Share Analysis, 2023

In 2023, dominant market players including Zipp speed weaponry, ENVE Composites, Reynolds Cycling, Mavic DT Swiss, Fulerum Wheels collectively held a substantial 20% - 25% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Carbon Wheels Market Share

Major companies operating in the carbon wheels industry are:

Zipp speed weaponry
ENVE Composites
Reynolds Cycling
Mavic DT Swiss
Fulerum Wheels
Roval components
Easton Cycling
Campagnolo
Bontrager
Carbon Revolution Ltd.
Dymag Group Ltd.
Ronal Group
Geric B.V.
ESE Carbon company
Rotobox D.O.O
Blackstone Tek
Thyssenkrupp AG
Phoenix Wheel Company, Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of carbon wheels reached USD 679 million in 2023 and is set to witness 8.2% CAGR from 2024 to 2032, owing to increase in technological advancements such as carbon fiber technology, manufacturing process and design engineering worldwide.

The commercial vehicles segment recorded around USD 323 million in 2023, due to having luxurious interiors and preferring carbon wheels for their lighter and stronger performance.

Asia Pacific market was valued at USD 206 million in 2023, attributed to rapid urbanization and industrialization in the region.

Zipp speed weaponry, ENVE Composites, Reynolds Cycling, Mavic DT Swiss, Fulerum Wheels, Roval components, Easton Cycling, Campagnolo, Bontrager, Carbon Revolution Ltd., Dymag Group Ltd., and Ronal Group, are some of the major carbon wheels companies worldwide.