Global automotive lightweight materials market size is expected to reach $170.71 Bn by 2028 at a rate of 8.8%, segmented as by material type, metals, composites, plastics, elastomer
Global Automotive Lightweight Materials Market is estimated to reach $169.6 billion by 2024; growing at a CAGR of 12.5% from 2016 to 2024. The lightweight materials are the mixture of metal-alloys and composites.
Automotive lightweight material market will registergrowth rate of 7.20% for the forecast period of 2020 to 2027.Increasing trend of vehicle electrification is expected to enhance the market growth.
Increasing concerns regarding the reduction of carbon footprint could have a positive impact on automotive lightweight materials market growth. Stringent emission standards and limitations set by various governments on pollutants including CO2 would encourage automakers to incorporate lighter automotive materials that improve vehicle fuel efficiency.
Download Free Research Report PDF @ http://bit.ly/33NzoqR #AutomotiveLightweightMaterial #MarketAnalysis Automotive Lightweight Material study presents the its production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Metals is largest segment, by volume as well as by value, in the Automotive Lightweight Material market. The segment is leading due to the high use of metals in any automobile, followed by plastics and rubber.
TechNavio's analysts forecast the Global Automotive Lightweight Materials market to grow at a CAGR of 14.47 percent over the period 2013-2018. One of the key factors contributing to this market growth is the stringent laws and regulations pertaining to the environment. The Global Automotive Lightweight Materials market has also been witnessing the increasing use of high-strength plastics. However, the volatile prices of raw materials could pose a challenge to the growth of this market. Detailed report at: http://www.reportsandintelligence.com/global-automotive-lightweight-materials-2014-2018-market
Bharatbook.com announces a new report on "Lightweight Automotive Materials", Demand for lightweight automotive materials in the North American (NA) light vehicle market is anticipated to reach 22 billion pounds in 2018, valued at more than $30 billion.
global automotive lightweight materials market by the business research company is segmented as metals, composites, plastics, elastomer https://bit.ly/3m22ejv
APAC Automotive Lightweight Materials Market Size is to witness steady growth by 2026. The market is driven by the rising investments for developing lightweight and cost efficient automotive. The growing need for reducing overall weight of automobile can be attributed towards minimizing fuel consumption per liter. Consumer awareness regarding lowering CO2 and other greenhouse emission has surged the need for developing hybrid and electric vehicles. Moreover, rising inflow of foreign investments in the region will positively contribute towards industry expansion.
Europe Automotive Lightweight Materials Market Size is witness steady growth by 2026. Road transport sector in Europe is under increasing pressure to reduce its greenhouse gas emission which has reached closed to 0.8 gigaton CO2eq, 18% of the total greenhouse gas emission in 2017. Various nations in Europe are working on meeting decarbonization targets set by European Commission. Automobile industry in Europe is currently following two different approaches; improving fuel efficiency of automotive and finding alternative energy sources. Both these parameters benefit immensely from reduction of vehicle weight, this will increase distance travelled by the vehicle per unit of energy.
Global Automotive Lightweight Materials Market size is projected to be valued $41 Billion by 2024; with a CAGR of 9.2% from 2017 to 2025. The lightweight materials are used to decrease the weight of aircrafts, automotive, and windmills without affecting the strength and proficiency of the structure. They are mixture of metal-alloys and composites and have high strength to weight ratio, greater design flexibility, and exceptional corrosion resistance. They find extensive applications in several industries such as aerospace and automobile, among others. The market poses huge opportunities in passenger cars, light commercial vehicles, and heavy commercial vehicles.
Global Automotive Lightweight Materials Market size is estimated to grow at a double digit CAGR in the projected period due to increasing demand for improving safety and performance in vehicles along with enhancing fuel economy. Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/3315
The lightweight materials are the mixture of metal-alloys and composites. They are used to decrease the weight of aircrafts, automotive, and windmills without affecting the strength and proficiency of the structure.
The global automotive lightweight material market size is accounted to grow at a CAGR of around 7% during the forecast period 2021 to 2027. The increasing demand for weight reduction for vehicle performance is a primary factor to drive the market growth. The increasing demand to enhance strength, improved control, and fuel efficiency for automotive are some other factors to boost the market. Furthermore, stringent government regulation regarding emission control is projected to increase the demand for lightweight materials for manufacturers. Carbon fiber is a material used by global automotive manufacturers to reduce vehicle weight while maintaining strength. However, high raw material costs and complex manufacturing processes are some factors to restrain the market growth.
Majority of the global vehicle production is concentrated in this region. Customer demand for an improved fuel economy and reduced emissions in the wake of rising pollution levels are driving growth in the automotive sideshaft systems. Manufacturers such as NTN Corporation (Japan), Hyundai Wia Corporation (South Korea), and NKN Ltd. (Japan) are some of the dominant players in this region that are expected to drive the development in the automotive drive shaft market.
Lightweight Materials Market is analyzed in terms of volume (KT) and value ($million) by the aforementioned classifications and also by key regions and major countries in each region.
Automotive Fastener Market is projected to cross USD $21.5039 Bn by 2032, rapidly expanding automotive industry around the world. In addition, prevalent adoption of lightweight automotive materials to reduce vehicle weight is likely to foster market growth over the forecast period.
The rising emphasis on fuel efficiency and lightweight automotive vehicles to reduce carbon emissions and limit fuel consumption creates a drive for the automotive plastics market during the forecast period.
Blowing agents are chemicals used to create gas bubbles in polymers, resulting in the formation of foam. Blowing agents are extensively used in industries such as construction and automotive for the production of lightweight materials.
The market is primarily driven by the expanding automotive industry and the increasing demand for lightweight materials to enhance fuel efficiency in automobiles For an Executive Summary of Automotive 3D Printing Report Visit the following link: https://www.imarcgroup.com/automotive-3d-printing-market E-mail: sales@imarcgroup.com Contact: +91-120-415-5099
TechSci Research has projected a robust CAGR for the global automotive towbar market in the forecast period 2023-2027, according to their report titled “Automotive Towbar Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”. The growth of the market is attributed to the flourishing automotive industry, which has witnessed a major recovery after Covid-19. Furthermore, the rising disposable income of consumers has increased the demand for passenger and lightweight commercial vehicles, leading to promising sales in the automotive sector. This provides huge potential for automotive component manufacturers in the global automotive towbar market.
The metal forming market for automotive was valued at USD 217.69 billion in 2017 and is projected to grow to USD 269.01 billion by 2025, at a CAGR of 2.83% during the forecast period.The global metal forming market for automotive is booming because the rising vehicle production along with stringent emission norms and fuel economy regulations are driving the demand for lightweight materials in the automotive industry. Other than this, new metal forming techniques such as hot forming and hydroforming are making metal-formed components better and stronger.
New regulations imposed by world governments regarding the use of lightweight interiors to help reduce emissions would be the key factor driving global automotive flooring market through 2026. In addition, ongoing technological upgrades to install environment-friendly automotive flooring systems is likely to add up to the product demand.
The global automotive plastics market is estimated to garner a modest revenue of approximately USD 75 billion by growing at a CAGR of ~10.5% over the forecast period, i.e., 2022 – 2031.
An extensive study of the product application and services conducted by subject matter experts assessing the market will help product owners to make a wise decision.
Explore the world of automotive casting parts with our comprehensive guide. Learn about manufacturing processes, materials, and applications in this essential resource.
According to a report by TechSci Research titled "Automotive Filter Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027," the global automotive filter market experienced a value of USD 48,396.65 million in 2021. It is anticipated that the market will grow at a CAGR of 3.82% during the forecast period and reach USD 60,148.69 million in 2027. This growth is primarily due to the increasing demand for automotive filters that are lightweight, fuel-efficient, and compact-sized. Moreover, the demand for automotive filters is expected to drive the market growth during the forecast period.
The automotive performance accessories market focuses on aftermarket products designed to enhance vehicle performance, aesthetics, and functionality. These accessories cater to automotive enthusiasts and individuals seeking to improve their vehicles' speed, handling, or appearance. According to Persistence Market Research's projections, the automotive performance accessories market is set to grow significantly, with a projected CAGR of 4.6%, reaching a valuation of US$494.8 Million by 2031. The growth is driven by technological advancements, increased vehicle customization, and a thriving automotive culture.
Foam core acrylic is a lightweight and durable material that is widely used in various industries, such as construction, automotive, and advertising. It is known for its excellent thermal and chemical resistance, making it ideal for outdoor applications. Foam core acrylic sheets are used for signage, displays, structural panels, and insulation purposes. These sheets offer advantages such as easy fabrication, high impact strength, and UV resistance.
The Usage-based Insurance For Automotive Market market report offers an insightful analysis of industry outlooks, market dynamics, opportunities and revenue forecast. https://www.adroitmarketresearch.com/industry-reports/usage-based-insurance-for-automotive-market
There is currently a rise in the sales of electric and hybrid vehicles (EVs/HVs) around the world. This represents one of the key factors propelling the growth of the market For an Executive Summary of Automotive Plastics Report Visit the following link: https://www.imarcgroup.com/automotive-plastics-market E-mail: sales@imarcgroup.com Contact: +91-120-415-5099
Globally, automotive heatshield market has garnered considerable momentum. With growing demand for lightweight and energy-efficient vehicles, automakers are constantly improving their designs to develop more compact engine components and systems. However, these design improvements have created a need for reliable high-temperature insulation products that can dissipate heat faster and provide superior heat shielding.
To know more : http://www.bharatbook.com/market-research-reports/automotive-components-market-research-report/global-automotive-aluminum-wheels-industry-2012-20161.html Analysts forecast the Global Automotive Aluminium Wheels industry to grow at a CAGR of 8.48 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for vehicles across the world. The Global Automotive Aluminium Wheels industry has also been witnessing an increasing manufacturing of wheels in the APAC region. However, the availability of other lightweight wheel material could pose a challenge to the growth of this market.
The Global Automotive DC-DC Converters Market size is projected to grow from an estimated USD 339 million in 2020 to USD 1,432 million by 2025, at a CAGR of 33.4% during the forecast period.
Castings for automotive is an excellent solution for automotive parts manufacturing. This technique cuts down on trash while also saving time and money for both the consumer and the casting automotive manufacturer.
More Information @ http://bit.ly/2FtAr3G Increasing usage of lightweight materials with implementation of cost effective measures to reduce carbon emission are the key factors driving the automotive composites market size.
According to the latest research report by IMARC Group, The global automotive metals market size reached US$ 97.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 143.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.23% during 2024-2032. More Info:- https://www.imarcgroup.com/automotive-metals-market