Automotive Lightweight Material Market: Report Summary and Scope
The global automotive lightweight material market has witnessed moderate growth at a CAGR of 3.3% over the past half-decade. However, due to the ongoing outbreak of COVID-19, automotive production has plummeted in quarter Q2 of FY2020, and has cascaded the demand effect towards automotive light weight material.
The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Automotive Lightweight Material Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Global Demand of Automotive Lightweight Material Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.
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Outlook on Market Size Evaluation
The market has been analyzed for each market segment in terms of value (US$ Mn).
Market estimates at global and regional levels for Imaging Chemicals are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Automotive Lightweight Material Market.
Automotive Lightweight Material Market: Segmentation
Fact.MR has studied the automotive lightweight material market with detailed segmentation on the basis of by material, vehicle, application, and key regions.
- By Material :
- Steel
- HSS
- AHSS & UHSS
- Metals
- Aluminum
- Magnesium
- Titanium
- Polymers
- PP
- PU
- ABS
- Polycarbonates
- Polyamides
- Others
- Composites
- Carbon
- Aramide & Fiber Glass
- Elastomers
- By Vehicle :
- Passenger Cars
- Compact Cars
- Mid-sized Cars
- Luxury Cars
- Premium Cars
- LCVs
- HCVs
- By Application :
- Engine & Mechanical
- Chassis and Suspension
- Powertrain
- Others
- Exterior & Structural
- Body Structure and Frame
- Body Panels & Trims
- Closures
- Others
- Interior
- Seating
- Door Modules
- Instrument Panels
- Others
- HVAC & Electrical
- By Regions :
- North America
- Latin America Excluding Mexico
- Europe Excluding Germany
- East Asia Excluding China
- South Asia & Oceania
- Middle East & Africa
- Germany
- China
- Mexico
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Regional Outlook of Automotive Lightweight Material Market
China held the largest automotive lightweight materials market share in 2019 and is expected to maintain its lead through the end of the forecast period. The increase in automotive lightweight material consumption in China is primarily due to increased automotive manufacturing activities.
During the historical period, the lightweight material market grew at a promising rate in the United States and Mexico. This is due to increased consumption of automotive lightweight materials in these countries’ automotive production. Furthermore, an increase in R&D activities by Korean and Japanese automotive lightweight material manufacturers will be beneficial to automotive manufacturing in the mid-term forecast period.
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Key Takeaways from Global Automotive Lightweight Material Market
- The global automotive lightweight material market is anticipated to create a value opportunity of around US$ 150 Bn during the forecast period, adding 1.6X times more value as compared to 2019.
- Growing R&D activities and new product launches are set to benefit the automotive lightweight material market by the end of 2030.
- Passenger vehicles will account for more than 58% of the global automotive lightweight material market by the end of the 2030.
- The chassis & suspension segment is anticipated to lose around 108 BPS during the forecast period of.
- China holds a leading share and accounts for more than 18 MMT of automotive lightweight material production, to cater to the rapidly growing automotive manufacturing in the country.
- The markets in North America and Mexico are set to grow at a moderate pace, together accounting for around 20% demand share, globally.
Global Automotive Lightweight Material Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the Automotive Lightweight Material Market.
Automotive Lightweight Material Market: About the Report
Fact.MR published an exclusive forecast report for automotive lightweight material market for 2020 and 2030. The foremost objective of this report on the automotive lightweight material market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the market. Also, the study on the automotive lightweight material market addresses the key dynamics that are expected to diversify the sales and future prominence of automotive lightweight material.
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Key Questions Answered in Report
- Which are the most lucrative markets for Imaging Chemicals?
- Which factors will impact the growth of the market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the Imaging Chemicals industry?
- What are the winning strategies of stakeholders in the market?
Benefits of Fact.MR Study
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