Automotive Composites Market in Japan 2022-2026

Automotive Composites Market in Japan 2022-2026

Technavio has been monitoring the automotive composites market in Japan and it is poised to grow by 187.22 thousand units during 2022-2026, decelerating at a CAGR of 2.98% during the forecast period. Our report on the automotive composites market in Japan provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing use of carbon fiber materials in the automotive industry and increasing compliance by awareness of OEMs with towards strict government regulations. In addition, the growing use of carbon fiber materials in the automotive industry is anticipated to boost the growth of the market as well.

The automotive composites market in Japan analysis includes application and vehicle type segments.

Technavio's automotive composites market in Japan is segmented as below:

By Vehicle Type

• Passenger vehicles
• Commercial vehicles

By Application

• Structural assembly
• Power train components
• Other parts

This study identifies the increasing demand for passenger vehiclesas one of the prime reasons driving the automotive composites market growth in Japan during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive composites market in Japan covers the following areas:

• Automotive composites market sizing
• Automotive composites market forecast
• Automotive composites market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive composites market vendors in Japan that include 3B-the fiberglass Co., BASF SE, BMW AG, General Motors Co., Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. Also, the automotive composites market in Japan analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

3B-the fiberglass Co., BASF SE, BMW AG, General Motors Co., Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., Toray Industries Inc.