AUTOMOTIVE LIGHTWEIGHT MATERIAL MARKET SIZE:
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The Automotive Lightweight Material Market Size was valued at USD 82.68 Billion in 2023 and is expected to reach USD 128.02 Billion by 2032 and grow at a CAGR of 5.0% over the forecast period 2024-2032.
The Automotive Lightweight Materials Market is a rapidly evolving sector, driven by the growing need for fuel efficiency, sustainability, and compliance with stringent government regulations aimed at reducing emissions. Lightweight materials such as aluminum, high-strength steel, magnesium, plastics, and composites are pivotal in reducing vehicle weight, enhancing performance, and supporting environmental goals. The adoption of lightweight materials is particularly crucial in electric vehicles (EVs), where reduced weight translates to improved battery efficiency and longer driving ranges. Innovations in material technology, such as advanced composites and aluminum alloys that are 10-15% lighter than traditional materials, are shaping the market dynamics.
Europe is at the forefront of research and development in this field, contributing significantly to global R&D investments, which reached USD 1.35 trillion in 2023. This focus aligns with the automotive industry’s commitment to clean and green transportation technologies, highlighting the essential role of lightweight materials in achieving a sustainable future.
MARKET DYNAMICS
KEY DRIVERS:
Stricter Emissions Regulations Propel Adoption of Lightweight Materials in Automotive Manufacturing
Governments across the world are enforcing strict emission rules, which, in turn, compels manufacturers to use lightweight materials. These materials enable lighter vehicles, thereby increasing the fuel efficiency of the vehicles and reducing the carbon emissions as expected to meet standards like that of the EU's CO2 regulation.
Involving increased usage of stricter emissions regulations for the adoption of lightweight materials in the automobile industry is a response to an increase in the number of government mandates involving a reduction in carbon footprints. Setting very ambitious goals, the European Union (EU) has fixed the average emissions limit for new cars to 95 grams of CO2 per KM from 2023. This would entail reducing greenhouse gas emissions by about 55% by 2030 compared with their 2021 level. To achieve such a goal, in the United States, the EPA has set very ambitious goals by the year 2030 for the reduction of emissions from the light-duty vehicle segment by 40%. So far in this respect, these regulatory requirements incite manufacturers to plan more efficient vehicles for which lightweight materials are being considered as an alternative. For instance, it can be demonstrated through statistics that reducing the weight of a vehicle by 10% results in an improvement of 6-8% in the fuel efficiency of the vehicle. This will also target the objectives established by regulatory bodies.
Rising Consumer Demand for Fuel Efficiency Sparks Innovations in Lightweight Materials
The modern consumer is concerned first and foremost with gas efficiency in a new vehicle. It allows manufacturers to improve performance without ever diminishing fuel efficiency. Demand is accelerating and will attract investment in aluminium and advanced composites, among other materials.
The automotive lightweight materials market is growing remarkably due to the rising awareness of consumers about sustainability and fuel efficiency. According to the data of 2023, 70% of consumers believed that fuel economy was an important factor in the buying decision for a vehicle. In general, this shift towards more fuel-efficient vehicles will be extensively experienced among the younger generations, of whom 62% of the respondents from Gen Z said that sustainability would decide their choices. This demand is encouraging investors in the automobile sector to look into lightweight materials that will ensure better fuel efficiency with no compromise on performance. Because any weight loss has the potential to enhance fuel economy by as much as 6-8%, a lighter automobile with even a 10% weight reduction is becoming increasingly more attractive for aluminum and other advanced composites.
RESTRAIN:
High Production Costs Impede Adoption of Lightweight Automotive Materials
Light-weight solutions in the automotive material market have high production costs with carbon fiber and some composites. These materials are characterized by rather complicated technology, which results in the use of exclusive techniques and technologies, thereby pushing up the cost level. Manufacturers may therefore discourage the implementation of light solutions because they will count more toward cost issues than all those about other factors such as performance and durability. The high initial investment for material could limit the mass take-up of such materials in the industry.
The data also illustrates the involvement of several economic factors besides the largest expense of manufacturing lightweight automotive materials. Advanced materials like carbon fiber can cost between USD 20 and USD 40 per kilogram, whereas normal materials like steel can cost around USD 0.75 to USD 2 per kilogram in terms of average costs. The production facilities also require an investment that runs over a magnitude of USD 100 million; this is an added cost burden by such automotive manufacturers as they look forward to utilizing lightweight solutions. Such high costs will be a major turn-off to widespread adoption even with the environmental benefits thus the need for new manufacturing processes that reduce the cost burden.
KEY MARKET SEGMENTS
BY END USE
In 2023, The Passenger Cars segment represented a significant 68% of the automotive lightweight material market, this trend is mainly influenced by the fuel efficiency and environmental friendliness preferred by consumers. Studies show that a reduction in vehicle weight can boost fuel economy by 6-8% for every 10% reduction in weight. Answering this trend with innovative design solutions, the leading automotive companies have started to roll out new designs.
For instance, Ford launched its F-150 boasting high-strength aluminum alloys and BMW rolled out iSeries models made of carbon fiber composites. Such innovation is also crucial at a time when the industry is shifting towards lighter, more fuel-efficient vehicles.
The Light Commercial Vehicles segment is projected to grow at the fastest CAGR of 6.39% during the forecast period, driven by the acute need for fuel-efficient solutions. LCVs account for around 23% of the CO2 generated through road transport worldwide; thus, the lighter, the better becomes imperative to achieve the desired environmental relief. Lightweight materials such as advanced composites and aluminum can increase up to 15% in terms of fuel efficiency with substantial emission reductions.
BY PRODUCT TYPE
The Composites segment dominated the automotive lightweight materials market in 2023, however, with a market share of 54%. Increasing demand for durable, yet lightweight solutions that boost fuel efficiency and performance have been driving growth so far. High-profile manufacturers like Boeing and Toray Industries are leading advances in composite technologies, which is expanding its capacity for carbon fiber to match the rising car orders, while Boeing is considering utilizing advanced composites for vehicle design applications. The use of composites also incurs a reduction in weight as high as 20 to 30%, with a direct consequence on fuel efficiency and as high as 15% reduction in CO2 emissions along the lifetime of the vehicle.
The Elastomers segment in this market is expected to witness the fastest CAGR of 7.36% in the forecast period through which the automobile sector, particularly faces the need for more elastic, easy-to-use materials that reduce the weight of a vehicle. BASF has developed the most recent elastomer products related to the increasing demand for car performance with less weight, such as new tire compounds providing better fuel efficiency. Continental puts all its efforts into finding new applications for elastomers in seals and gaskets and focusing on durability and efficiency.
REGIONAL ANALYSIS
In 2023, the European automotive lightweight materials market captured a substantial market share of approximately 35%, Strict emissions regulations have been the main cause for this dominance as the commitment to such regulations forces heavy investment by manufacturers in lightweight technologies that aim at optimizing fuel efficiency and minimizing CO2 levels.
For instance, European Union's aim to reduce greenhouse gas emissions by 55% by 2030, increasing the adoption of lightweight materials, which, as projected, would reduce the overall weight of the vehicle by almost 30% using advanced materials, such as aluminum and carbon fiber. In addition, through lightweight solutions, the European automotive industry will bring about a combined reduction of approximately 220 million metric tons by 2030.
In 2023, North America emerged as the fastest-growing region in the automotive lightweight materials market, with a projected CAGR of 6.86% from 2024 to 2032. This is being spurred by increasing demand for fuel-efficient vehicles, improvements in manufacturing technologies, and positive initiatives from governments to reduce carbon emissions.
For example, the U.S. Department of Energy has also invested in development research into lightweight materials that not only drove innovation but also transformed the car industry. These companies, like General Motors and Ford, are actively introducing new models that utilize lightweight materials to improve the efficiency and performance of their vehicles.
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Key players
Some of the major players in the Automotive Lightweight Material Market are:
ThyssenKrupp AG (High-Strength Steel Alloys, Advanced High-Strength Steel (AHSS))
Novelis, Inc. (Aluminum Sheet and Plate, Aluminum Extruded Shapes)
Alcoa Corporation (Aluminum Sheet and Plate, Aluminum Extruded Shapes)
Owens Corning (Glass Fiber Composites, Carbon Fiber Reinforced Composites)
Toray Industries, Inc. (Carbon Fiber Reinforced Composites, High-Performance Resins)
ArcelorMittal (Advanced High-Strength Steel (AHSS), High-Strength Steel Alloys)
BASF SE (Polyurethane Foam, Polyamide Composites)
Covestro AG (Polycarbonate Composites, Polyurethane Foam)
Magna International (Magnesium Alloy Components, Aluminum Alloy Components)
3M Company (Structural Adhesives, Sealing Tapes)
Arconic Inc. (Aluminum Sheet and Plate, Aluminum Extruded Shapes)
DuPont de Nemours, Inc. (Kevlar Aramid Fiber Composites, Nomex Nomex Fiber Composites)
General Motors Company (Carbon Fiber Reinforced Plastic (CFRP) Components, Magnesium Alloy Components)
Nippon Steel Corporation (High-Strength Steel Alloys, Advanced High-Strength Steel (AHSS))
Sumitomo Chemical Co., Ltd. (Engineering Plastics, Polyurethane Foam)
LyondellBasell Industries Holdings B.V. (Polypropylene Composites, Polyethylene Composites)
Stratasys Ltd. (3D Printed Polymer Composites, 3D Printed Metal Composites)
Tata Steel (High-Strength Steel Alloys, Advanced High-Strength Steel (AHSS))
POSCO (High-Strength Steel Alloys, Advanced High-Strength Steel (AHSS))
PPG Industries (PPG Automotive Coatings, PPG Automotive Glass)
RECENT TRENDS
In October 2024, Gestamp unveiled the most recent innovations in lightweight at the 12th International Suppliers Fair (IZB) in Wolfsburg, Germany. The company there presented its Multipath Platform Concept chassis, which is also adaptable for different powertrains, and can avoid up to 50% of investments in tooling. Gestamp also revealed GES-MULTISTEP 2.0 hot stamping technology that allows the company to add strength to its product through ultra-high-strength steel.
In April 2024, Hyundai Motor Group signed a strategic partnership deal with Toray Group, aiming to develop future mobility solutions by using innovative materials such as carbon fiber. Both companies sought to mutually set the production of carbon fiber-reinforced plastics to enhance vehicle performance and safety. By doing so, both firms promised to actively integrate these advanced materials into new mobility products over the next period. The signing ceremony, held at the headquarters of Hyundai, was another monumental step toward increasing efficiency and even durability in mobility applications.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 82.68 Billion |
| Market Size by 2032 | US$ 128.02 Billion |
| CAGR | CAGR of 5.0 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Metals, Composites, Plastics, Elastomers) • By End-use (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) • By Application Type (Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ThyssenKrupp AG, Novelis, Inc., Alcoa Corporation, Owens Corning, Toray Industries, Inc., ArcelorMittal, BASF SE, Covestro AG, Magna International, 3M Company, Arconic Inc., DuPont de Nemours, Inc., General Motors Company, Nippon Steel Corporation, Sumitomo Chemical Co., Ltd., LyondellBasell Industries Holdings B.V., Stratasys Ltd., Tata Steel, POSCO, Covestro AG |
| Key Drivers | • Stricter Emissions Regulations Propel Adoption of Lightweight Materials in Automotive Manufacturing • Rising Consumer Demand for Fuel Efficiency Sparks Innovations in Lightweight Materials |
| Restraints | • High Production Costs Impede Adoption of Lightweight Automotive Materials |
Ans: The Automotive Lightweight Material Market is expected to grow at a CAGR of 5.0% during 2024-2032.
Ans: The Automotive Lightweight Material Market size was USD 82.68 billion in 2023 and is expected to Reach USD 128.02 billion by 2032.
Ans: The major growth factor of the Automotive Lightweight Material Market is the increasing demand for fuel-efficient and lightweight vehicles to meet stringent emissions regulations and improve fuel economy.
Ans: Composites dominated the Automotive Lightweight Material Market.
Ans: Europe dominated the Automotive Lightweight Material Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5 Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Lightweight Material Market Segmentation, By End-use
7.1 Chapter Overview
7.2 Passenger Cars
7.2.1 Passenger Cars Market Trends Analysis (2020-2032)
7.2.2 Passenger Cars Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Light Commercial Vehicles (LCV)
7.3.1 Light Commercial Vehicles (LCV) Market Trends Analysis (2020-2032)
7.3.2 Light Commercial Vehicles (LCV) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Heavy Commercial Vehicles (HCV)
7.4.1 Heavy Commercial Vehicles (HCV) Market Trends Analysis (2020-2032)
7.4.2 Heavy Commercial Vehicles (HCV) Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Automotive Lightweight Material Market Segmentation, By Application Type
8.1 Chapter Overview
8.2 Body in White
8.2.1 Body in White Market Trends Analysis (2020-2032)
8.2.2 Body in White Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Chassis and Suspension
8.3.1 Chassis and Suspension Market Trends Analysis (2020-2032)
8.3.2 Chassis and Suspension Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Powertrain
8.4.1 Powertrain Market Trends Analysis (2020-2032)
8.4.2 Powertrain Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Closures
8.5.1 Closures Market Trends Analysis (2020-2032)
8.5.2 Closures Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Interiors
8.6.1 Interiors Market Trends Analysis (2020-2032)
8.6.2 Interiors Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Others
8.7.1 Others Market Trends Analysis (2020-2032)
8.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Automotive Lightweight Material Market Segmentation, By Product Type
9.1 Chapter Overview
9.2 Metals
9.2.1 Metals Market Trends Analysis (2020-2032)
9.2.2 Metals Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Composites
9.3.1 Composites Market Trends Analysis (2020-2032)
9.3.2 Composites Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Plastics
9.4.1 Plastics Market Trends Analysis (2020-2032)
9.4.2 Plastics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Elastomers
9.5.1 Elastomers Market Trends Analysis (2020-2032)
9.5.2 Elastomers Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.4 North America Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.2.5 North America Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.6.2 USA Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.2.6.3 USA Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.7.2 Canada Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.2.7.3 Canada Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.2.8.3 Mexico Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.1.6.3 Poland Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.1.7.3 Romania Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.5 Western Europe Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.6.3 Germany Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.7.2 France Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.7.3 France Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.8.3 UK Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.9.3 Italy Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.10.3 Spain Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.13.3 Austria Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.5 Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.6.2 China Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.6.3 China Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.7.2 India Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.7.3 India Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.8.2 Japan Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.8.3 Japan Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.9.3 South Korea Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.10.3 Vietnam Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.11.3 Singapore Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.12.2 Australia Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.12.3 Australia Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.1.5 Middle East Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.1.6.3 UAE Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.4 Africa Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.2.5 Africa Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Automotive Lightweight Material Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.4 Latin America Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.6.5 Latin America Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.6.6.3 Brazil Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.6.7.3 Argentina Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.6.8.3 Colombia Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Automotive Lightweight Material Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Automotive Lightweight Material Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Automotive Lightweight Material Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
11. Company Profiles
11.1 ThyssenKrupp AG
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Novelis, Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Alcoa Corporation
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Owens Corning
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Toray Industries, Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 ArcelorMittal
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 BASF SE
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Covestro AG
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Magna International
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 3M Company
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
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MARKET SEGMENTATION
By Product Type
Metals
Composites
Plastics
Elastomers
By End-use
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
By Application Type
Body in White
Chassis and Suspension
Powertrain
Closures
Interiors
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Automotive Operating System Market Size was valued at USD 8.88 Billion in 2023 and is expected to reach USD 21.09 Billion by 2032 and grow at a CAGR of 10.1% over the forecast period 2024-2032.
The Euro 7 Regulations Compliant Market was USD 2.60 billion in 2023 and is expected to reach $11.05 Bn by 2032, growing at a CAGR of 17.48% by 2024-2032.
Automotive Electronic Brake System Market Report Scope & Overview:
The Mobility Technology Market Size was USD 6.50 Billion in 2023 and will reach to USD 86.41 Billion by 2032 and grow at a CAGR of 33.34% by 2024-2032.
The Automotive Solenoid Market size was USD 5.03 Billion in 2023. It is expected to grow to USD 8.80 Bn by 2032 and grow at a CAGR of 6.41% by 2024-2032.
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