The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Carbon Wheels Market.
It was estimated prior to this unanticipated outbreak Carbon Wheels Market will reach CAGR of 32% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Carbon Wheels Market Insights
Carbon Wheels Market is likely to witness an impressive CAGR of 32.0% during the forecast period. Increasing range of hybrid and electric vehicles, shifting focus of consumers toward lightweight components to minimize emissions, and growing sales of premium vehicles are some of the major factors driving the growth of the carbon wheels market during the forecast period.