Nov, 17 2022

Global Vehicle Light Weighting Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global vehicle light weighting market is expected to witness a moderate CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to growth in demand for fuel-efficient and lightweight high-performance vehicles. Access Full Report at https://databridgemarketresearch.com/reports/global-vehicle-lightweighting-market

Global Vehicle Light Weighting Market

Lightweight is a concept in which cars and trucks are manufactured with less heavy materials so that they can achieve better fuel efficiency. Carbon fiber, plastic and aluminum foam are used by the car makers to make different parts. They have the same efficiency and strength as compared to the other heavy materials. Lightweight vehicles usually have better acceleration, braking and handling as well and can tow and haul larger loads because the engine is not carrying unnecessary weight.

Segmentation: Global Vehicle Light Weighting Market

Global vehicle light weighting market is segmented on the basis of material, applications and geography. By Material (Aluminum, Carbon Fibre, Magnesium, Plastics, Composites, Steel, Others), Application (Body & Exterior, Chasis, Interior, Powertrain, Driveline & Fuel Systems), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) FACTORS DRIVING GROWTH IN VEHICLE LIGHT WEIGHTING MARKET Recent Developments in the Market

In March 2019, Camau announced the launch of digital-enabled solutions for lightweight vehicle manufacturing with its new robotic roller hemming process. Smart Hemmer is a perfect solution for the new generation of electric, hybrid and traditional lightweight vehicles as it is designed to to join dissimilar materials using a cold process. It is fast, flexible and extremely precise.

In March 2018, CHASSIX announced that they had completed the acquisition of Benteler International’s lightweight aluminum low pressure automotive casting division. With this acquisition, CHASSIX will be able to expand their product offerings and significantly enhance their service capabilities in the European region.

Key Market Competitors: Global Vehicle Light Weighting Market

Few of the major competitors currently working in the vehicle lightweighting market are The Dow Chemical Company; Arconic; Aleris Corporation; 3M; Trelleborg AB; Samvardhana Motherson Group; Faurecia; Magna International Inc.; ZF Friedrichshafen AG; Fiat Chrysler Automobiles; Benteler International; CHASSIX; GF Casting Solutions; Freudenberg Group; General Motors; BASF SE; Asahi Kasei Corporation; ContiTech AG and Evonik Industries AG. Browse Related Reports: Global Automotive Light-Vehicle Sensors Market By Sensor Type (Oxygen Sensors, Pressure Sensors, Temperature Sensors, Image Sensors, Speed Sensors), Application (Advanced Driver Assistance System, Body Applications, Interior Applications, Powertrain & Emission Control Applications, Safety and Body Control), Output (Analog, Digital), Integration (Discrete, Combination), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 https://databridgemarketresearch.com/reports/global-automotive-light-vehicle-sensors-market Global Light Vehicles Market By Type (Passenger Vehicle, Commercial Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 https://databridgemarketresearch.com/reports/global-light-vehicles-market

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Global Vehicle Light Weighting Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026