Market Research Report - 174946
Lightweight Materials in Transportation
|Published by||BCC Research|
|Published||Content info||163 Pages|
The global market for lightweight materials used in transportation reached $115.4 billion in 2014. This market is expected to reach about $109 billion by 2015 and $188.7 billion by 2020, registering a compound annual growth rate (CAGR) of 11.6% from 2015 to 2020.
The report is global in scope, focusing on the worldwide market for lightweight materials in transportation equipment, including motor vehicles, aircraft, trains and ships. Lightweight materials are defined broadly as materials that are used in the fabrication of equipment primarily in order to minimize weight.
As the term is used in this report, transportation equipment includes all motorized vehicles or craft used to convey people, animals or cargo between two points, except for vehicles/craft used exclusively for sports or recreation applications (e.g., glider aircraft and sailboats). Sports and recreation vehicles and craft are excluded in part because they are the subjects of another BCC Research report, AVM053A - Materials and Devices for High-Performance Sports Products. In this report, dual-purpose transportation equipment, such as small airplanes, is analyzed along with vehicles and craft whose purpose is primarily commercial.
The report also does not cover motor vehicles, ships and aircraft built for and used by the armed forces of the United States and other nations.
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel LLC. He is the author of numerous other BCC Research business opportunity analyses