Global Automotive Lightweight Material Market, By Material (Metal, Composite, Plastic, Elastomer), Application (Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others), Component (Frame, Wheel, Bumper & Fender, Engine & Exhaust, Transmission, Doors, Hood & Trunk Lid, Seats, Instrument Panel, Fuel Tank), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Electric and Hybrid Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Electric Truck, Electric Bus), Material Type (Metal, Composite, Plastic, Elastomers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel,Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Automotive Lightweight Material Market
Automotive lightweight material market will registergrowth rate of 7.20% for the forecast period of 2020 to 2027.Increasing trend of vehicle electrification is expected to enhance the market growth.
Increasing strength and shelf life of the product is expected to enhance the market growth. Some of the other factors such as strict emission & fuel economy regulations, increasing government initiatives for weight reduction, growing demand for fuel efficiency & reduction in harmful chemicals and growing prevalence for lightweight vehicles are expected to accelerate the automotive lightweight material market in the forecast period of 2020 to 2027.
High material cost, maintenance of lightweight material and price sensitive nature of the material is expected to hamper market growth.
This automotive lightweight material market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research automotive lightweight material market contact us for an Analyst Brief,our team will help you take an informed market decision to achieve market growth.
Global Automotive Lightweight Material Market Scope and Market Size
Automotive lightweight material market is segmented onthe basis of material, application, component, vehicle type, electric and hybrid vehicle type and material type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the automotive lightweight material market is segmented into metal, composite, plastic and elastomers. Metal segment of the market is segmented into high strength steel, advanced high strength steel, aluminium and magnesium & titanium. Composite segment of the market is segmented into carbon fiber reinforced polymers, glass fiber reinforced polymer, natural fiber reinforced polymer and other composite. Plastic segment of the market is divided into PC, ABS, PA, PU and others. Elastomers segment is divided into EPDM, NR, SBR and others.
- Component segment is divided into frame, wheel, bumper & fender, engine & exhaust, transmission, doors, hood & trunk lid, seats, instrument panel and fuel tank.
- Based on application, the automotive lightweight material market is segmented into body in white, chassis and suspension, powertrain, closures, interiors and others.
- The vehicle type segment of the automotive lightweight material market is bifurcated into passenger car, light commercial vehicle, and heavy commercial vehicle.
- The electric and hybrid vehicle type segment is bifurcated into battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, electric truck and electric bus.
- Material type segment of the automotive lightweight material market is divided into metal, composite, plastic and elastomers.
Automotive Lightweight Material Market Country Level Analysis
Automotive lightweight material market is analysed and market size, volume information is provided by material, application, component, vehicle type, electric and hybrid vehicle type and material type as referenced above.
The countries covered in the automotive lightweight material market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive lightweight material market while Asia-Pacific is expected to hold the largest share in the forecast period of 2020 to 2027 due to increasing demand for lightweight materials and increasing manufacturers in the region.
The country section of the automotive lightweight material market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Lightweight Material Market Share Analysis
Automotive lightweight material market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive lightweight material market.
The major players covered in the automotive lightweight material market report areBASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., TORAY INDUSTRIES, INC., ArcelorMittal, thyssenkrupp AG., Novelis, Alcoa Corporation, Owens Corning, Stratasys Ltd., United States Steel, Trinseo, Aleris Corporation., POSCO, SGL Carbon, LANXESS, Borealis AG, AK Steel Corporation., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Lightweight Material Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies.We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.