Europe Lightweight Materials For Ev Market Forecast 2022-2030

Europe Lightweight Materials For Ev Market Forecast 2022-2030

KEY FINDINGS

The Europe lightweight materials for EV market is set to grow with a CAGR of 17.61% during the forecast years of 2022 to 2030. Some of the top drivers augmenting the market growth of the region include government initiatives and investments, the presence of major industry players, research and development (R&D), and the surging production rates within the automotive industry.

MARKET INSIGHTS

The Europe lightweight materials for EV market growth evaluation covers the in-depth study of Germany, France, Italy, the United Kingdom, Spain, and Rest of Europe. In Italy, market activities by electric vehicle manufacturers are anticipated to augment the demand for lightweight materials. For example, as part of the electrification strategy, Ferrari NV is aiming to significantly expand its factory in northern Italy. Aligning with this, the Italian luxury carmaker proposes to spread out the Maranello plant in order to generate a third production line for electric and hybrid vehicles. Under the plan, around 60% of its production would entail all-electric or hybrid models by the year 2026, increasing to 80% by 2030.

On the other hand, another electric vehicle manufacturer, Stellantis NV, as well as Punch Powertrain, its joint venture partner, signed a new agreement raising the manufacturing of the futuristic electrified dual-clutch transmissions (eDCT) for Stellantis hybrid as well as plug-in hybrid electric vehicles (PHEV), in order to fulfill the surging demand for electrified vehicles. The developments are set to take place at the Mirafiori Complex facility in Turin, Italy. As a result, these factors are anticipated to propel the lightweight materials for EV market growth in Europe during the forecast years.

COMPETITIVE INSIGHTS

Key players operating in the market are ThyssenKrupp AG, Covestro AG, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments