HOME › Press Releases › Automotive Lightweight Materials Market worth $206.8 Billion by 2019
Automotive Lightweight Materials Market worth $206.8 Billion by 2019
The report “Automotive Lightweight Materials Market by Material (Metals, Composites, & Plastics), by Application (Structural, Powertrain, Interior, Exterior, & Others), by Manufacturing Process, and Region - Global Trends and Forecast to 2019”, defines and classifies the automotive lightweight materials market in terms of volume and value. The report projects the potential growth and covers the drivers, restraints, opportunities, dynamics, competitive landscape, and other key aspects of the automotive lightweight materials market. It also includes profiles of key players operating in the market.
Browse 90 market data tables and 62 figures spread through 168 pages and in-depth TOC on “Automotive Lightweight Materials Market by Material (Metals, Composites, & Plastics), by Application (Structural, Powertrain, Interior, Exterior, & Others), by Manufacturing Process, and Region - Global Trends and Forecast to 2019”
Early buyers will receive 10% customization on reports.
The automotive lightweight materials market size, in terms of value, is projected to grow at a healthy CAGR of 14.40% to reach $206.8 Billion by 2019.
North America: fastest-growing market for automotive lightweight materials
North America, mainly the U.S., houses some of the major players in the automotive lightweight materials market. These include Novelis Inc., Alcoa Inc., and Owens Corning Corporation, among others. North America has always been a frontrunner in terms of technological advancements. The U.S. holds the largest market share with a high penetration rate for premium vehicles, while Mexico is a major hub for automotive exports. In the current scenario, the lightweight metals segment holds the largest market share, followed by lightweight composites, which also constitute the fastest-growing market in the region.
Automotive lightweight composites market
Lightweight composites are estimated to hold a major share in the automotive lightweight materials market. This segment is estimated to grow rapidly, at a CAGR of 17.06% during the forecast period. North America accounts for the second-largest share of this market. The application of lightweight composites has not only reduced the weight of the vehicle but has also aided in providing enhanced safety and higher fuel efficiency. Additionally, the use of composites in a vehicle has given automobile designers free rein, as these materials can be easily molded into any shape or size as per requirements. They thus provide the added advantage of creativity to automotive manufacturers.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252