Carbon Wheels Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Automotive Carbon Wheels, Bicycle Carbon Wheels, Motorcycle Carbon Wheels, Aerospace Carbon Wheels, Others), By Material Type (Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Hybrid Composites, Others), By End User (OEM (Original Equipment Manufacturer), Aftermarket) and Region Forecast 2020-2031

Carbon Wheels Market size was valued at US$ 940.2 million in 2024 and is projected to reach US$ 1,663.0 million by 2031 at a CAGR of 8.5% from 2025-2031. Moreover, the U.S. Carbon Wheels Market is projected to grow at 8.5% over forecast period.

The market refers to the global industry focused on the design, manufacturing, and distribution of wheels made primarily from carbon fiber-reinforced polymer (CFRP) materials. These wheels are widely used in automotive, aerospace, and high-performance bicycle sectors due to their exceptional strength-to-weight ratio, enhanced durability, and improved aesthetic appeal. Carbon wheels offer significant performance benefits, including reduced rotational mass, better acceleration, improved handling, and higher fuel or energy efficiency. Their application is especially prominent in premium vehicles, motorsports, and professional cycling, where performance optimization is critical.

The Carbon Wheels Market is experiencing steady growth, driven by surge in demand for lightweight and high-performance components in both automotive and cycling industries. The growing emphasis on fuel efficiency, electric vehicle (EV) range enhancement, and sporting excellence has accelerated the adoption of carbon fiber wheels. Automotive OEMs and bicycle manufacturers are investing heavily in carbon wheel technology to differentiate their offerings and meet consumer preferences for speed, agility, and efficiency. While high costs have traditionally limited widespread adoption, advancements in manufacturing processes and material technology are gradually making carbon wheels more accessible. Europe and North America dominate the market in premium automotive and sports segments, while Asia-Pacific is emerging as a major production hub due to rising automotive manufacturing and cycling popularity.

Facts & Figures

• In fact, Up to 40% weight reduction is achieved with carbon fiber wheels compared to traditional aluminum wheels, significantly improving vehicle performance and efficiency.
• Over 500 grams can be saved per wheel on high-end bicycles when switching from alloy to carbon wheels, enhancing speed and climb efficiency.
• Around 80% of professional Tour de France cyclists use carbon wheels for their aerodynamic and lightweight advantages.
• Carbon fiber has a tensile strength of over 500,000 psi, making it significantly stronger than steel while being much lighter.
• Carbon wheels reduce rotational mass by up to 25% in performance vehicles, leading to quicker acceleration and better fuel or energy economy.
• More than 60% of newly launched electric supercars now feature carbon wheels as standard or optional equipment to maximize range and performance.

Key Developments

• In March 2025, Van Rysel unveiled its first carbon wheels for road and gravel, with prices starting at €799 per set. The new models, named VR35 and VR50, mark a significant step in Decathlon’s effort to expand its high-performance product line. These wheelsets reflect the French brand’s commitment to offering more technical and premium cycling components, while staying true to its core philosophy of making sport accessible to a wider audience. With this launch, Van Rysel continues to bridge the gap between advanced cycling technology and affordability.
• In October 2024, FSA (Full Speed Ahead) introduced the NS SCi30, a new carbon wheelset designed for all-mountain and light eMTB use. Weighing just 1,495 grams, it is surprisingly 80 grams lighter than FSA’s own XC model, the KFX i28. Priced at €1,149 (or $1,250 US$), the NS SCi30 offers exceptional value, especially considering its ASTM Category 4 rating and a maximum system weight limit of 150 kg. This launch reflects FSA’s aim to provide high-performance carbon wheels at a more accessible price point for serious mountain bikers and eMTB riders.
• In August 2024, Carbon Revolution plc, a Tier 1 OEM supplier and a global leader in advanced automotive carbon fiber wheels, announced its partnership to supply carbon fiber wheels for the newly unveiled Range Rover Sport SV Edition Two. This collaboration highlights Carbon Revolution’s continued role in equipping high-performance and luxury vehicles with lightweight, cutting-edge wheel technology.

Carbon Wheels Market Segmentation

Based on the product type

• Automotive Carbon Wheels
• Bicycle Carbon Wheels
• Motorcycle Carbon Wheels
• Aerospace Carbon Wheels
• Others

Among the product types, automotive carbon wheels are anticipated to lead the market, driven by increased demand for high-performance, fuel-efficient, and aesthetically advanced vehicles. Leading automakers are integrating carbon fiber wheels into premium and sports car models to reduce unsprung mass, improve handling, and boost acceleration. With the rise of electric vehicles (EVs), the need for lightweight components has become even more crucial, as reduced weight directly contributes to extended driving range. Furthermore, growing consumer preference for luxury and performance features, along with stringent emission norms in regions like Europe, is pushing automotive manufacturers to adopt carbon wheels more widely.

Based on the material type

• Carbon Fiber Reinforced Polymer (CFRP)
• Glass Fiber Reinforced Polymer (GFRP)
• Hybrid Composites
• Others

Based on material type, Carbon Fiber Reinforced Polymer (CFRP) is expected to dominate the market due to its exceptional strength-to-weight ratio and superior performance characteristics. CFRP wheels offer high rigidity, excellent impact resistance, and significant weight reduction compared to traditional materials, making them ideal for high-performance automotive and cycling applications. Their ability to enhance acceleration, braking efficiency, and fuel economy has led to increased adoption by premium vehicle manufacturers and professional cyclists. Additionally, CFRP's durability and fatigue resistance ensure long-term performance, justifying its higher cost. As industries prioritize lightweight and efficient components, CFRP continues to lead material choices.

Based on the end user

• OEM (Original Equipment Manufacturer)
• Aftermarket

Based on the end user, the OEM (Original Equipment Manufacturer) segment is anticipated to lead the market. Automotive and bicycle manufacturers are increasingly integrating carbon wheels directly into new models to enhance performance, reduce weight, and meet evolving consumer expectations for efficiency and style. OEMs benefit from better control over product quality, design integration, and material sourcing, allowing them to deliver factory-installed carbon wheel solutions that align with vehicle specifications. Moreover, with the growing emphasis on lightweight components in electric vehicles and high-end sports cars, OEM adoption of carbon wheels is rising. This positions the OEM segment as the dominant contributor to market growth.