Market Research Report
Automotive Composites Market Report 2020-2030: Global Industry Size, Share, Trends, Sub Segments, Growth Factors, Key Country Analyses with Competitive Landscape
|Published by||Visiongain Ltd||Product code||940968|
|Published||Content info||302 Pages
Delivery time: 1-2 business days
|Automotive Composites Market Report 2020-2030: Global Industry Size, Share, Trends, Sub Segments, Growth Factors, Key Country Analyses with Competitive Landscape|
|Published: May 1, 2020||Content info: 302 Pages||
This report evaluates the current levels of global investment in the Automotive Composites market. Over the next decade, this industry will register strong, stable growth.
Visiongain forecasts that the automotive composite market has been witnessing a positive growth owing to rising production in Asia Pacific, Europe and Central & South America. Growing preference for higher fuel-efficiency in passenger cars, product differentiation with vehicle aesthetics, and rising vehicle production is expected to drive the industry over the forecast period.
Exponential economic growth of various developed and developing countries such as the U.S., Germany, the UK, China, India, UAE, etc. has driven concerns regarding sustainability and carbon emission levels. Increasing awareness regarding application of lightweight materials to manufacture interior and exterior automotive components, thereby reducing overall fuel consumption are other factors likely to drive market growth. Automotive composites consumption has witnessed a steady rise, mainly in the U.S. which has 800 vehicles per 1,000 people.
Rapid industrialisation and growing disposable consumer income in emerging economies such as China & India led to greatest market share in Asia Pacific. Increasing demand for lightweight, fuel-efficient vehicles lead to focused manufacturer efforts towards automotive composite applications in this region. Increasing partnerships, agreements, and numerous product launches made APAC a favourable market for automotive composite investments.
The global automotive composites market has a moderate number of vendors with a limited number of players involved in the production of each composite type. Thus, the competition between the players is intense, and there are high barriers to entry into the market. The entry into the market is also difficult due to the high initial investment required by the new entrants and the similarity of the products offered by the different vendors. The products are similar because they were developed for the same target customers, that is, automotive OEMs and other key automakers. To lure the automotive end-users to buy their products and also to enhance their market position, the key vendors implement various types of business strategies like product development, product differentiation, and strategic pricing
Regulation, emerging market growth and other factors have had a quantifiable effect on the market. This report covers developments such as these, as well as other factors that could affect automotive composites technologies market and the wider aviation sector. By also covering the below submarkets, the report gives readers a concise overview of the market:
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