PUBLISHER: Lucintel | PRODUCT CODE: 1153979
PUBLISHER: Lucintel | PRODUCT CODE: 1153979
Composites in the Global Mass Transportation and Off Road Equipment Market Trends and Forecast
The future of the composites in the global mass transportation and off road equipment market looks promising with opportunities in the heavy trucks, bus and coaches, and off road equipment market. Composites in the global mass transportation and off road equipment market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 7.3% from 2021 to 2027. The major driver for growth in this market is increasing demand for lightweight materials over steel in heavy trucks, buses, and coaches due to government regulations to increase fuel efficiency and reduce carbon emission.
Emerging Trends in Composites in the Global Mass Transportation and Off Road Equipment Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing complexity and styling requirements ar
e driving composites usage and development of low-density SMC.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the composites in the global mass transportation and off road equipment market report.
Composites in the Global Mass Transportation and Off Road Equipment Market by Segment
By Vehicle Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
Interior
Exterior
Under the Hood
Powertrain
Electrical Components
Others
Interior
Exterior
Under the Hood
Powertrain
Electrical Components
Others
Interior
Exterior
Under the Hood
Powertrain
Electrical Components
Others
By Intermediate Material [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Process [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 - 2027]:
List of Composites in the Global Mass Transportation and Off Road Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composites in the global mass transportation and off road equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites in the global mass transportation and off road equipment companies profiled in this report includes.
Composites in the Global Mass Transportation and Off Road Equipment Companies Market Insight
Features of Composites in the Global Mass Transportation and Off Road Equipment Market
FAQ
Q1. What is the composites in the global mass transportation and off road equipment market size?
Answer: The composites in the global mass transportation and off road equipment market is expected to reach an estimated $1.3 billion by 2027.
Q2. What is the growth forecast for composites in the global mass transportation and off road equipment market?
Answer: The composites in the global mass transportation and off road equipment market is expected to grow at a CAGR of 7.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composites in the global mass transportation and off road equipment market?
Answer: The major driver for growth in this market is increasing demand for lightweight materials over steel in heavy trucks, buses, and coaches due to government regulations to increase fuel efficiency and reduce carbon emission.
Q4. What are the major applications or end use industries for composites in the global mass transportation and off road equipment?
Answer: heavy trucks and off road equipment are the major vehicle type for composites in the global mass transportation and off road equipment market.
Q5. What are the emerging trends in composites in the global mass transportation and off road equipment market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing complexity and styling requirements are driving composites usage and development of low-density SMC.
Q6. Who are the key composites in the global mass transportation and off road equipment companies?
Answer: Some of the key composites in the global mass transportation and off road equipment companies are as follows:
Q7. Which composites in the global mass transportation and off road equipment intermediate material segment will be the largest in future?
Answer: Lucintel forecasts that SMC/BMC will remain the largest segment due to its increasing use in various applications of automotive like; powertrain application, interior, exterior, under body shield, and others. LFT & D-LFT is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties.
Q8: In composites in the global mass transportation and off road equipment market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and APAC is expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.