PUBLISHER: Lucintel | PRODUCT CODE: 1154050
PUBLISHER: Lucintel | PRODUCT CODE: 1154050
Automotive Lightweight Materials Market Trends and Forecast
The future of the global automotive lightweight materials market looks promising with opportunities in passenger cars, light commercial vehicles, and heavy commercial vehicles. The global automotive lightweight materials market is expected to reach an estimated $115.8 billion by 2027 and it is forecast to grow at a CAGR of 8.0% from 2021 to 2027. The major drivers of growth for this market are government regulations concerning fuel economy and emissions, and increasing utilization of lightweight materials by manufacturers. The other major driver is growth of global vehicle production which is expected to grow at a CAGR of 4.8% during the forecast period and to reach 99.7 million units by 2027.
Emerging Trends in the Automotive Lightweight Materials Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications, advanced manufacturing technology, development of aluminum-air battery, third generation AHSS, and pre-oxidation to galvanize AHSS, development of recycling technologies for lightweight materials and replacement of PA 66 with cheaper and advanced PA 6.
A total of 123 figures / charts and 47 tables are provided in this 221-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive lightweight materials market report.
Automotive Lightweight Materials Market by Segments
Lucintel forecasts that AHSS will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive lightweight materials market by material type, vehicle type, application, and region, as follows:
Automotive Lightweight Material by Material Type [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
Automotive Lightweight Material by Vehicle Type [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
Automotive Lightweight Material by Application [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
Automotive Lightweight Material by Region [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
US
Canada
Mexico
Germany
France
Russia
United Kingdom
Italy
China
Japan
India
South Korea
Indonesia
Brazil
Turkey
List of Automotive Lightweight Materials 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 automotive lightweight materials companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive lightweight materials companies profiled in this report includes.
Automotive Lightweight Materials Market Insights
Features of the Global Automotive Lightweight Materials Market
FAQ
Q1. What is the automotive lightweight materials market size?
Answer: The global automotive lightweight materials market is expected to reach an estimated $115.8 billion by 2027.
Q2. What is the growth forecast for automotive lightweight materials market?
Answer: The automotive lightweight materials market is expected to grow at a CAGR of 8.0% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive lightweight materials market?
Answer: The major drivers for this market are government regulations concerning fuel economy and emissions, and increasing utilization of lightweight materials by manufacturers.
Q4. What are the major type or end use industries for automotive lightweight materials?
Answer: AHSS is the major segment by material type for automotive lightweight materials.
Q5. What are the emerging trends in automotive lightweight materials market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications, advanced manufacturing technology, development of aluminum-air battery, third generation AHSS, and pre-oxidation to galvanize AHSS, development of recycling technologies for lightweight materials and replacement of PA 66 with cheaper and advanced PA 6.
Q6. Who are the key automotive lightweight materials companies?
Answer: Some of the key automotive lightweight materials companies are as follows:
Q7. Which automotive lightweight materials product segment will be the largest in future?
Answer: Lucintel forecasts that passenger car segment will remain largest segment during the forecast period due to the increasing penetration of lightweight materials per vehicle.
Q8. In automotive lightweight materials market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region due to increasing use of lightweight materials content per vehicle coupled with stringent government regulations to reduce carbon emissions and to increase fuel efficiency. Asia Pacific is expected to witness significant growth over the forecast period because of high vehicle production and continued increase of lightweight materials content per vehicle.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.