North America Lightweight Materials For Ev Market Forecast 2022-2030
KEY FINDINGS
The North America lightweight materials for EV market is predicted to grow with a CAGR of 19.58% over the estimated period of 2022 to 2030. The regional market’s growth is attributable to the norms and policies for discounts in tariff rates and the rising development and adoption of electric vehicles.
MARKET INSIGHTS
The North America lightweight materials for EV market growth study comprises the analysis of Canada and the United States. As per the Canadian government, switching to cleaner fuels as well as electrifying the country’s light-duty vehicles are crucial steps toward decarbonizing the transportation industry. Aligning with this, Canada’s government has mandated that all new light-duty automobiles and passenger trucks must be emission-free by the year 2035. This aspect accelerates the growing demand for manufacturing electric vehicles, subsequently propelling the need for lightweight materials.
On the other hand, key investments in electric vehicle capacities are also being made by OEMs. For instance, Ford Motor Company announced its investment of $3.7 billion in assembly plants in Ohio, Michigan, and Missouri. Out of this, $2.3 billion of the overall investment will be spent on electric vehicles. Furthermore, Hyundai is also building a $5.5 billion manufacturing plant dedicated to electric vehicles. Hence, the aforementioned factors are expected to contribute to the notable growth of the North America lightweight materials for EV market during the forecast period.
COMPETITIVE INSIGHTS
The top players operating in the market are Celanese Corporation, BASF SE, 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
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Expansion Of Ev Drive Range
- 3.1.2. Stringent Government Regulations On Vehicle Emissions
- 3.2. Key Restraints
- 3.2.1. High Cost Of Lightweight Materials
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Lightweight Materials For Ev Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 5. Market By Material Type
- 5.1. Metals
- 5.1.1. Body
- 5.1.1.1. Body In White
- 5.1.1.2. Closures
- 5.1.1.3. Others
- 5.1.2. Suspension
- 5.1.3. Transmission System
- 5.1.4. Others
- 5.2. Composites
- 5.2.1. Body
- 5.2.2. Suspension
- 5.2.3. Others
- 5.3. Plastics & Elastomers
- 5.3.1. Body
- 5.3.2. Interior
- 5.3.3. Others
- 6. Market By End Use
- 6.1. Battery Electric Vehicle
- 6.2. Plug-in Hybrid Vehicle
- 6.3. Hybrid Electric Vehicle
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.2. Canada
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Product Launches & Developments
- 8.1.2. Partnerships & Agreements
- 8.1.3. Business Expansions & Divestitures
- 8.2. Company Profiles
- 8.2.1. Basf Se
- 8.2.2. Celanese Corporation
- 8.2.3. Constellium Se
- 8.2.4. Covestro Ag
- 8.2.5. Lyondellbasell Industries Nv
- 8.2.6. Novelis Inc
- 8.2.7. Sabic
- 8.2.8. Sgl Carbon Se
- 8.2.9. Solvay Sa
- 8.2.10. Thyssenkrupp Ag
- 8.2.11. Toray Industries Inc
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