Global Aluminum Matrix Composites for Automotive Market Growth 2023-2029

Global Aluminum Matrix Composites for Automotive Market Growth 2023-2029

The global Aluminum Matrix Composites for Automotive market size is projected to grow from US$ 196.6 million in 2022 to US$ 319 million in 2029; it is expected to grow at a CAGR of 7.2% from 2023 to 2029.

With the electrification trend in the automotive industry, manufacturers are looking for ways to optimize the efficiency of electric motors. Using aluminum matrix composites can be effectively optimized for strength-to-weight ratio as well as sturdiness-to-weight ratio. This field has always been one of the most important civilian fields of aluminum matrix composites. Aluminum Matrix Composites are mainly used for automobile pistons, suspension arms, connecting rods, automobile engine cylinder blocks/cylinder heads, etc. Aluminum Matrix Composites account for nearly 16% of the automotive market. We expect that in the future, with the trend of lightweight new energy vehicles and environmental protection of materials, the application of Aluminum Matrix Composites will provide a broader market space. At that time, the automotive market will account for The ratio will exceed 19%.

At present, new energy vehicles are mainly driven by electricity, and the weight of the battery is about 250 kilograms. Lightweight vehicles and environmental protection are the main development directions of new energy vehicles. In the field of new energy vehicles, aluminum matrix composites are mainly used in automobile brake discs, engine parts, etc.

LPI (LP Information)' newest research report, the “Aluminum Matrix Composites for Automotive Industry Forecast” looks at past sales and reviews total world Aluminum Matrix Composites for Automotive sales in 2022, providing a comprehensive analysis by region and market sector of projected Aluminum Matrix Composites for Automotive sales for 2023 through 2029. With Aluminum Matrix Composites for Automotive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aluminum Matrix Composites for Automotive industry.

This Insight Report provides a comprehensive analysis of the global Aluminum Matrix Composites for Automotive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aluminum Matrix Composites for Automotive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aluminum Matrix Composites for Automotive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aluminum Matrix Composites for Automotive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aluminum Matrix Composites for Automotive.

This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Matrix Composites for Automotive market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Particle Reinforced
Fiber Reinforced

Segmentation by application
Automotive Brake Disc
Automotive Piston
Automotive Connecting Rod
Engine Block/Cylinder Head
Automotive Suspension Arm
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alvant
Triton Systems
CPS Technologies
Grinm Metal
Anhui Xiangbang
Zhongke Composite
Yinbang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aluminum Matrix Composites for Automotive market?

What factors are driving Aluminum Matrix Composites for Automotive market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aluminum Matrix Composites for Automotive market opportunities vary by end market size?

How does Aluminum Matrix Composites for Automotive break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.