Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 85.07 Billion |
| USD 154.00 Billion | |
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Global Automotive Lightweight Material Market Segmentation, 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) – Industry Trends and Forecast to 2032
Automotive lightweight materials play an important role in improving vehicle fuel economy. These materials also improve vehicle safety and overall performance. A vehicle's fuel efficiency improves as its weight decreases, because it takes less energy to accelerate a lighter object than a heavier one. The use of automotive lightweight materials can improve a vehicle's fuel economy by 6% to 8% with a 10% weight reduction.
Global automotive lightweight material market size was valued at USD 85.07 billion in 2024 and is projected to reach USD 154 billion by 2032, with a CAGR of 7.70% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Automotive Lightweight Material Key Market Insights
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Segmentation
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Countries Covered
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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, South Africa, Egypt, Israel, 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.
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Key Market Players
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KIRCHHOFF Automotive (Germany) , Magna International Inc. (France),, Gestamp (Spain), TOYOTA BOSHOKU CORPORATION (Japan), AISIN CORPORATION (Japan), Trinseo (U.S.), GEDIA Automotive Group (U.S.), G-TEKT CORPORATION (Japan), Martinrea International Inc. (Canada), Autokiniton (U.S.), BENTELER (Germany), Meleghy Automotive GmbH & Co. KG (Germany), Shiloh Industries (U.S.), Unipres Corporation (Japan), ACMA India (India), Pillar Innovations (U.S.), NVH KOREA INC. (South Korea), SMR Deutschland GmbH (Germany), HUTCHINSON (France)
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Market Opportunities
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Automotive Lightweight Material Market Definition
Automotive lightweight materials are primarily used to replace cast iron and traditional steel components in various vehicle types such as electric, plug-in, and hybrid electric vehicles. They are used in structural elements that allow vehicles to be equipped with advanced safety devices, integrated electronic systems, and emission control systems. The use of lightweight materials in automobiles reduces the weight of their power systems, such as electric motors and batteries, while increasing efficiency and all-electric range. High-strength steel, aluminium alloys, polymer composites, carbon fibre, magnesium alloys, and other lightweight materials are commonly used in the automotive industry.
Drivers
With rapid environmental degradation, automotive companies all over the world are developing lighter and more functional materials to improve vehicle fuel efficiency. The use of lightweight materials allows manufacturers to improve vehicle efficiency, as a reduction in a car's weight leads to a significant improvement in fuel economy. As a result, rising fuel prices are increasing demand for lighter vehicles.
Government mandated emission control is a major factor driving the adoption of lightweight vehicles. Emission criteria differ from one region to the next. These are based on vehicle size in the United States and Canada, and thus require the incorporation of aluminium in the vehicle body. In the rest of the world, these criteria are based on vehicle weight, which necessitates the use of high-strength steel. Toyota, General Motors, Volkswagen Group, Fiat Chrysler Automobiles, Bavarian Motor Works, Renault, and Tata Motors are among the major automakers whose upcoming electric vehicles are expected to boost demand for lightweight materials during the forecast period.
Opportunities
Investment in R&D activities has increased sales across the industry as several major players seek to reduce the cost of these materials while increasing their recyclability.
Restraints
The cost of lightweight materials is prohibitively expensive. Carbon fibre reinforced plastics (CFRP) and glass fibre reinforced plastics (GFRP) are two examples of lightweight materials that are more expensive than traditional materials like steel and aluminium.
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 localized 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, geographic expansions, technological innovations in the market. To gain more info on the automotive lightweight material market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The automotive lightweight material market is segmented on the basis of material, application, component, vehicle type, electric and hybrid vehicle type and material type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
Application
Component
Vehicle type
Electric and Hybrid Vehicle type
The automotive lightweight material market is analyzed and market size insights and trends are provided by country of material, application, component, vehicle type, electric and hybrid vehicle type as referenced above.
The countries covered in the automotive lightweight material market report are 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, South Africa, Egypt, Israel, 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.
Asia-Pacific consumes a large portion of the global automotive lightweight materials market. Because of the growth of the automotive industry in these countries, the automotive lightweight materials market in Japan and China is expected to expand at a rapid pace during the forecast period.
China is Asia Pacific's largest consumer of automotive lightweight materials. Emerging markets for automotive lightweight materials include the Middle East and Africa, as well as Latin America. The Middle East and Africa, as well as Latin America, have high demand for lightweight vehicles.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
The 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.
Automotive Lightweight Material Market Leaders Operating in the Market Are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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