Automotive Lightweighting Market by Material Type (Composite, Elastomer, Metal), Vehicle Type (Electric Powered, IC Engine Powered), Application, End-User - Global Forecast 2023-2030
The Automotive Lightweighting Market is projected to reach USD 125.85 billion by 2030 from USD 72.19 billion in 2022, at a CAGR of 7.19% during the forecast period.
Market Segmentation & Coverage:This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Automotive Lightweighting Market.
- Based on Material Type, market is studied across Composite, Elastomer, Metal, and Plastics. The Composite commanded largest market share of 35.66% in 2022, followed by Plastics.
- Based on Vehicle Type, market is studied across Electric Powered and IC Engine Powered. The Electric Powered commanded largest market share of 54.44% in 2022, followed by IC Engine Powered.
- Based on Application, market is studied across Exterior Systems & Components, Frame, Interior Systems & Components, and Powertrain. The Frame commanded largest market share of 28.18% in 2022, followed by Interior Systems & Components.
- Based on End-User, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Cars. The Passenger Cars commanded largest market share of 42.12% in 2022, followed by Heavy Commercial Vehicle.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.57% in 2022, followed by Asia-Pacific.
Market Statistics:The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:The FPNV Positioning Matrix is an indispensable tool for assessing the Automotive Lightweighting Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:The Market Share Analysis offers invaluable insights into the vendor landscape Automotive Lightweighting Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:The report delves into recent significant developments in the Automotive Lightweighting Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABC Technologies Inc., Aisin Corporation, Alcoa Corporation, Aludyne, Inc., ArcelorMittal S.A., BASF SE, BENTELER International Aktiengesellschaft, Continental AG, Covestro AG, Cymat Technologies Ltd., Dana Incorporated, DuPont de Nemours, Inc., ESE Industries, Faurecia Group, FLEXcon Company, Inc., Formosa Plastics Corporation, Gestamp Servicios, S.A., GKN Automotive Limited, Huntsman International LLC, Hyundai Motor Group, Johnson Controls Inc., JSR Corporation, Lear Corporation, LG Chem, Ltd., LyondellBasell Industries Holdings B.V., M. Holland Company, Magna International Inc., Mahle GmbH, Meridian Lightweight Technologies, Novelis, Inc., nTopology, Inc., Owens Corning, POSCO, Robert Bosch GmbH, Saudi Basic Industries Corporation, Shape Corp., Solvay SA, SSAB AB, Sumitomo Electric Industries, Ltd., Tata Steel Ltd., Teijin Automotive Technologies, thyssenkrupp AG, Toray Industries, Inc., Trinseo PLC, Valeo SA, Voestalpine Metal Forming GmbH, ZF Friedrichshafen AG, Zhejiang Wanfeng Auto Wheel Co., Ltd, and Caresoft Global Technologies, Inc..
The report offers valuable insights on the following aspects:- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:- What is the market size and forecast for the Automotive Lightweighting Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Automotive Lightweighting Market?
- What is the competitive strategic window for identifying opportunities in the Automotive Lightweighting Market?
- What are the latest technology trends and regulatory frameworks in the Automotive Lightweighting Market?
- What is the market share of the leading vendors in the Automotive Lightweighting Market?
- Which modes and strategic moves are suitable for entering the Automotive Lightweighting Market?
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