Market Scope:
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The EV Composites Market size is projected to reach USD 6.45 billion by 2032, was valued at USD 1.8 billion in 2023 and will grow at a CAGR of 17.3% over the forecast period.
Globally, the EV composites market is presently experiencing an upswing due to a combination of factors. Fuel efficiency and emission reduction standards set by governments are the main contributing factors for this growth, accounting for about 35% of it. Automakers have been forced to adopt lighter materials by these regulations to increase electric vehicle (EV) range. Another important factor is rising fuel costs that affect approximately 20% of the market drivers. With high gasoline prices, customers demand better fuel economy leading them to consider EVs as an alternative. Additionally, there is also a growing consumer preference for sustainable mobility solutions which accounts for 18% of the force driving this market. They are seen as cleaner compared to gasoline powered vehicles and thus preferred by environment conscious consumers among other factors such as government regulations on emissions. Technological advances also play a critical role with about 17% contribution towards driving the market forward. Battery technology improvements enabling longer-distance travel and lighter and stronger composites materials development are some examples of these advances being referred here. Lastly, nearly 10% of the market drivers consist of government incentives targeting EV adoption and infrastructure development which stimulate both manufacturers and consumers through financial encouragements.
The rise of carbon fiber over fiberglass is another trend. These two materials are light, but carbon fiber has a better strength-to-weight ratio, which makes it a favorite for high-performance EVs. Here, the growing premium and luxury EV segment will be interested in this because customers are looking for high-end electric vehicles. A move towards lighter and intricate designs may also be achieved through using 3D printing technology for manufacturing complex composite parts in EVs. This would make them not only more environment-friendly and efficient but also lighter.
Drivers:
Composites, notably such as carbon fibers are far much lighter than steel or aluminum that have traditionally been used without compromising on strength. This enables the car manufacturers to squeeze more power into the batteries of the vehicle without losing on performance.
Many countries are now enforcing stricter emission limits thereby compelling automakers to produce more electric vehicles (EVs). Also, consumers’ interest about EV’s is increasing due to their environmental concerns and potential savings they can make.
Automakers innovate and shift production towards electric vehicles due to stricter emission standards. For instance, the European Union set a 45% reduction in CO2 emissions from new cars by 2030 as opposed to its 2019 levels. On another front, the US Environmental Protection Agency (EPA) has adopted rules aimed at increasing the number of EVs sold such that by 2032 it is estimated that 70% of all sales will be electric. This regulatory pressure coincides with a growing consumer interest in EVs. Environmental consciousness as well as potential cost savings are driving this demand. Customers want to reduce their carbon footprints and see electric cars as being cheaper in terms of running costs because electricity is typically less expensive than gasoline. This combination of factors has led to an EV boom and its reverberations have been felt in the types of materials used for making them.
Restrain:
Composite materials generally cost more than traditional ones such as steel or aluminum metals.
There are currently no adequate recycling methods available for composite materials. This can pose a challenge for manufacturers who wish to minimize their environmental impact.
As opposed to traditional materials such as steel and aluminum that enjoy well-established recycling systems, composites tend to be broken down into fibers and resins in use hence making separation for reprocessing difficult and costly. Further, lower production volumes together with an emerging stage of recycling technology has seen less economically viable recycled composites compared to virgin materials. In addition, the absence of a widespread understanding and knowledge on options available when it comes to composite recycling is among the reasons why closed-loop system creation for these substances has been hindered. As a result, overcoming these obstacles is important for reducing manufacturers’ environmental footprint while keeping pace with increasing demand for environmentally friendly products by consumers.
Market Segmentation:
By Fiber Type
The glass fiber is the king of the hill with around 65% of market share. It is this dominance that can be ascribed to because it is cheap, easy to process and has well-established manufacturing processes. However, its use in high-performance EVs may be limited by its relatively lower strength-to-weight ratio compared to carbon fiber. The premium applications are covered by carbon fibers which constitute about 20% of the market share. This means that it’s a good material for lighter components in order to improve driving range and general vehicle performance due to its excellent strength-to-weight ratio. Consequently, manufacturers of high-end electric vehicles and racing cars find it more appealing. On the other hand, expensive cost and complex manufacturing processes hinder a wider adoption of carbon fiber. Other fibers take up 15% of the EV composites market such as natural fibers like flax, basalt fiber, aramid fibers amongst others.
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By Resin Type
Approximately 65% of material segment accounts show that thermoplastics are favored by EV composites market. Such dominance is due to their recyclable nature, flexibility in design, and high-volume manufacturing processes like injection molding which are efficient enough. On the other hand, 35% still remains of thermosets. This makes them a perfect choice for high performance EV components that experience extreme thermal stress because they have great heat resistance and structural rigidity. Nevertheless, their cross-linked molecular structure hampers recyclability.
By Type
The overall market is expected to be dominated by the non-premium segment which will occupy up to 25% of the total market. This domination is mainly driven by a high-production-volume of electric vehicles targeting mass markets where cost effectiveness is a major factor. By contrast, niche ultra-premium EVs that have advanced technology and are also very fast, will have approximately 35% market share. In this category, lightweighting and superior mechanical properties are crucial which has caused an increase in demand for high performance composites such as carbon fiber. The premium segment makes up about 40 percent of the market striking a balance between affordability and performance using various composite materials combinations for weight reduction and aesthetics.
By Application
It is the exterior segment of EV composites that takes the largest share of 30%, due to a demand for lightweight and fashionable car designs. It is closely followed by powertrain and chassis sector registering at 25% where composites improve handling and overall vehicle performance. Battery enclosures, which are critical for safety and range account for 20% of the market with a lot of growth potential ahead. Lastly, interior segment captures a quarter of the market, which will likely see more use of composite materials in things like headliners and seat parts as passenger comfort and cabin acoustics take center stage there. This segmentation shows how composites play many roles in EVs; they must be able to lose weight, increase speeds and allow flexible design changes since these factors are crucial in the changing electric mobility scene.
Regional Analysis:
The area of the APAC is the leader in the EV composites market, with many things put together. One of these factors is government policies that are tightening towards environmental protection as such the Chinese legislation mandates 35% of all new car sales to be electric by 2030. The increase in China’s projected electric vehicle production by 2025 will be approximately 80%. Additionally, cost competitiveness is a crucial factor. This directly translates into an up to 50% weight reduction compared to traditional steel thereby substantially increasing driving range which remains a chief consumer concern for EVs. Research conducted by SNS Insider indicated that reducing vehicle weight by 10% could extend battery life by around six percent. In light of this, there is a growing demand for affordable electric cars among APAC’s emerging middle class especially those in India. These markets can substitute expensive carbon fiber or fiberglasses used in manufacturing vehicles making them more appealing to producers who target budget-conscious customers and hence go for composites as a solution. Therefore, APAC’s EV composites market has great prospects for growth beyond today.
Key Players:
Toray Industries, Teijin Limited, Syensqo, Piran Advanced Composites, HRC, Envalior, Exel Composites, Kautex Textron, SGL Carbon, Polytec Holding AG, Plastic Omnium and others.
Recent Developments:
Toray Industries Inc.: In February 2023, it provided a new method of joining Carbon Fiber Reinforced Plastic (CFRP) for molding automotive parts. The technology is expected to speed up the process of molding in comparison with traditional processes.
Hexcel Corporation: Hexcel worked together with HP Composites S.p.A. on the development of class A body panels for supercars using advanced composites and technology from Hexcel. Class A panels are those that have a high-quality surface finish, suitable for the exterior of a vehicle.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.8 billion |
| Market Size by 2032 | US$ 6.45 Billion |
| CAGR | CAGR of 17.3 % 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 Fiber Type (Glass Fibre, Carbon Fibre, Other Fibres) By Resin Type (Thermoplastics, Thermosets) By Manufacturing Process (Compression Molding, Injection Molding, RTM) By Type (Ultra-Premium, Premium, Non-Premium) By Application (Interior, Exterior, Battery Enclosure, Powertrain & Chassis) |
| 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 | Toray Industries, Teijin Limited, Syensqo, Piran Advanced Composites, HRC, Envalior, Exel Composites, Kautex Textron, SGL Carbon, Polytec Holding AG, Plastic Omnium and others. |
| Key Drivers | Many countries are now enforcing stricter emission limits thereby compelling automakers to produce more electric vehicles (EVs). Also, consumers’ interest about EV’s is increasing due to their environmental concerns and potential savings they can make |
| RESTRAINTS | Composite materials generally cost more than traditional ones such as steel or aluminum metals. |
Ans: The EV Composites Market size is projected to reach USD 6.45 billion by 2032, was valued at USD 1.8 billion in 2023
Ans: There are currently no adequate recycling methods available for composite materials. This can pose a challenge for manufacturers who wish to minimize their environmental impact.
Ans: The market will grow at a CAGR of 17.3% over the forecast period.
Ans: EV Composites Market key segmentation By Fiber Type, By Resin Type, By Manufacturing Process, By Type, By Application
Ans: Composites, notably such as carbon fibers are far much lighter than steel or aluminum that have traditionally been used without compromising on strength. This enables the car manufacturers to squeeze more power into the batteries of the vehicle without losing on performance.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. EV Composites Market Segmentation, By Fiber Type
7.1 Introduction
7.2 Glass Fibre
7.3 Carbon Fibre
7.4 Other Fibres
8. EV Composites Market Segmentation, By Resin Type
8.1 Introduction
8.2 Thermoplastics
8.3 Thermosets
9. EV Composites Market Segmentation, By Manufacturing Process
9.1 Introduction
9.2 Compression Molding
9.3 Injection Molding
9.4 RTM
10. EV Composites Market Segmentation, By Type
10.1 Introduction
10.2 Ultra-Premium
10.3 Premium
10.4 Non-Premium
11. EV Composites Market Segmentation, By Application
11.1 Introduction
11.2 Interior
11.3 Exterior
11.4 Battery Enclosure
11.5 Powertrain & Chassis
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America EV Composites Market By Country
12.2.3 North America EV Composites Market By Fiber Type
12.2.4 North America EV Composites Market By Resin Type
12.2.5 North America EV Composites Market By Manufacturing Process
12.2.6 North America EV Composites Market, By Type
12.2.7 North America EV Composites Market, By Application
12.2.8 USA
12.2.8.1 USA EV Composites Market By Fiber Type
12.2.8.2 USA EV Composites Market By Resin Type
12.2.8.3 USA EV Composites Market By Manufacturing Process
12.2.8.4 USA EV Composites Market, By Type
12.2.8.5 USA EV Composites Market, By Application
12.2.9 Canada
12.2.9.1 Canada EV Composites Market By Fiber Type
12.2.9.2 Canada EV Composites Market By Resin Type
12.2.9.3 Canada EV Composites Market By Manufacturing Process
12.2.9.4 Canada EV Composites Market, By Type
12.2.9.5 Canada EV Composites Market, By Application
12.2.10 Mexico
12.2.10.1 Mexico EV Composites Market By Fiber Type
12.2.10.2 Mexico EV Composites Market By Resin Type
12.2.10.3 Mexico EV Composites Market By Manufacturing Process
12.2.10.4 Mexico EV Composites Market, By Type
12.2.10.5 Mexico EV Composites Market, By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe EV Composites Market By Country
12.3.2.2 Eastern Europe EV Composites Market By Fiber Type
12.3.2.3 Eastern Europe EV Composites Market By Resin Type
12.3.2.4 Eastern Europe EV Composites Market By Manufacturing Process
12.3.2.5 Eastern Europe EV Composites Market By Type
12.3.2.6 Eastern Europe EV Composites Market, By Application
12.3.2.7 Poland
12.3.2.7.1 Poland EV Composites Market By Fiber Type
12.3.2.7.2 Poland EV Composites Market By Resin Type
12.3.2.7.3 Poland EV Composites Market By Manufacturing Process
12.3.2.7.4 Poland EV Composites Market By Type
12.3.2.7.5 Poland EV Composites Market, By Application
12.3.2.8 Romania
12.3.2.8.1 Romania EV Composites Market By Fiber Type
12.3.2.8.2 Romania EV Composites Market By Resin Type
12.3.2.8.3 Romania EV Composites Market By Manufacturing Process
12.3.2.8.4 Romania EV Composites Market By Type
12.3.2.8.5 Romania EV Composites Market, By Application
12.3.2.9 Hungary
12.3.2.9.1 Hungary EV Composites Market By Fiber Type
12.3.2.9.2 Hungary EV Composites Market By Resin Type
12.3.2.9.3 Hungary EV Composites Market By Manufacturing Process
12.3.2.9.4 Hungary EV Composites Market By Type
12.3.2.9.5 Hungary EV Composites Market, By Application
12.3.2.10 Turkey
12.3.2.10.1 Turkey EV Composites Market By Fiber Type
12.3.2.10.2 Turkey EV Composites Market By Resin Type
12.3.2.10.3 Turkey EV Composites Market By Manufacturing Process
12.3.2.10.4 Turkey EV Composites Market By Type
12.3.2.10.5 Turkey EV Composites Market, By Application
12.3.2.11 Rest of Eastern Europe
12.3.2.11.1 Rest of Eastern Europe EV Composites Market By Fiber Type
12.3.2.11.2 Rest of Eastern Europe EV Composites Market By Resin Type
12.3.2.11.3 Rest of Eastern Europe EV Composites Market By Manufacturing Process
12.3.2.11.4 Rest of Eastern Europe EV Composites Market By Type
12.3.2.11.5 Rest of Eastern Europe EV Composites Market, By Application
12.3.3 Western Europe
12.3.3.1 Western Europe EV Composites Market By Country
12.3.3.2 Western Europe EV Composites Market By Fiber Type
12.3.3.3 Western Europe EV Composites Market By Resin Type
12.3.3.4 Western Europe EV Composites Market By Manufacturing Process
12.3.3.5 Western Europe EV Composites Market By Type
12.3.3.6 Western Europe EV Composites Market, By Application
12.3.3.7 Germany
12.3.3.7.1 Germany EV Composites Market By Fiber Type
12.3.3.7.2 Germany EV Composites Market By Resin Type
12.3.3.7.3 Germany EV Composites Market By Manufacturing Process
12.3.3.7.4 Germany EV Composites Market By Type
12.3.3.7.5 Germany EV Composites Market, By Application
12.3.3.8 France
12.3.3.8.1 France EV Composites Market By Fiber Type
12.3.3.8.2 France EV Composites Market By Resin Type
12.3.3.8.3 France EV Composites Market By Manufacturing Process
12.3.3.8.4 France EV Composites Market By Type
12.3.3.8.5 France EV Composites Market, By Application
12.3.3.9 UK
12.3.3.9.1 UK EV Composites Market By Fiber Type
12.3.3.9.2 UK EV Composites Market By Resin Type
12.3.3.9.3 UK EV Composites Market By Manufacturing Process
12.3.3.9.4 UK EV Composites Market By Type
12.3.3.9.5 UK EV Composites Market, By Application
12.3.3.10 Italy
12.3.3.10.1 Italy EV Composites Market By Fiber Type
12.3.3.10.2 Italy EV Composites Market By Resin Type
12.3.3.10.3 Italy EV Composites Market By Manufacturing Process
12.3.3.10.4 Italy EV Composites Market By Type
12.3.3.10.5 Italy EV Composites Market, By Application
12.3.3.11 Spain
12.3.3.11.1 Spain EV Composites Market By Fiber Type
12.3.3.11.2 Spain EV Composites Market By Resin Type
12.3.3.11.3 Spain EV Composites Market By Manufacturing Process
12.3.3.11.4 Spain EV Composites Market By Type
12.3.3.11.5 Spain EV Composites Market, By Application
12.3.3.12 Netherlands
12.3.3.12.1 Netherlands EV Composites Market By Fiber Type
12.3.3.12.2 Netherlands EV Composites Market By Resin Type
12.3.3.12.3 Netherlands EV Composites Market By Manufacturing Process
12.3.3.12.4 Netherlands EV Composites Market By Type
12.3.3.12.5 Netherlands EV Composites Market, By Application
12.3.3.13 Switzerland
12.3.3.13.1 Switzerland EV Composites Market By Fiber Type
12.3.3.13.2 Switzerland EV Composites Market By Resin Type
12.3.3.13.3 Switzerland EV Composites Market By Manufacturing Process
12.3.3.13.4 Switzerland EV Composites Market By Type
12.3.3.13.5 Switzerland EV Composites Market, By Application
12.3.3.14 Austria
12.3.3.14.1 Austria EV Composites Market By Fiber Type
12.3.3.14.2 Austria EV Composites Market By Resin Type
12.3.3.14.3 Austria EV Composites Market By Manufacturing Process
12.3.3.14.4 Austria EV Composites Market By Type
12.3.3.14.5 Austria EV Composites Market, By Application
12.3.3.15 Rest of Western Europe
12.3.3.15.1 Rest of Western Europe EV Composites Market By Fiber Type
12.3.3.15.2 Rest of Western Europe EV Composites Market By Resin Type
12.3.3.15.3 Rest of Western Europe EV Composites Market By Manufacturing Process
12.3.3.15.4 Rest of Western Europe EV Composites Market By Type
12.3.3.15.5 Rest of Western Europe EV Composites Market, By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific EV Composites Market By Country
12.4.3 Asia-Pacific EV Composites Market By Fiber Type
12.4.4 Asia-Pacific EV Composites Market By Resin Type
12.4.5 Asia-Pacific EV Composites Market By Manufacturing Process
12.4.6 Asia-Pacific EV Composites Market By Type
12.4.7 Asia-Pacific EV Composites Market, By Application
12.4.8 China
12.4.8.1 China EV Composites Market By Fiber Type
12.4.8.2 China EV Composites Market By Resin Type
12.4.8.3 China EV Composites Market By Manufacturing Process
12.4.8.4 China EV Composites Market By Type
12.4.8.5 China EV Composites Market, By Application
12.4.9 India
12.4.9.1 India EV Composites Market By Fiber Type
12.4.9.2 India EV Composites Market By Resin Type
12.4.9.3 India EV Composites Market By Manufacturing Process
12.4.9.4 India EV Composites Market By Type
12.4.9.5 India EV Composites Market, By Application
12.4.10 Japan
12.4.10.1 Japan EV Composites Market By Fiber Type
12.4.10.2 Japan EV Composites Market By Resin Type
12.4.10.3 Japan EV Composites Market By Manufacturing Process
12.4.10.4 Japan EV Composites Market By Type
12.4.10.5 Japan EV Composites Market, By Application
12.4.11 South Korea
12.4.11.1 South Korea EV Composites Market By Fiber Type
12.4.11.2 South Korea EV Composites Market By Resin Type
12.4.11.3 South Korea EV Composites Market By Manufacturing Process
12.4.11.4 South Korea EV Composites Market By Type
12.4.11.5 South Korea EV Composites Market, By Application
12.4.12 Vietnam
12.4.12.1 Vietnam EV Composites Market By Fiber Type
12.4.12.2 Vietnam EV Composites Market By Resin Type
12.4.12.3 Vietnam EV Composites Market By Manufacturing Process
12.4.12.4 Vietnam EV Composites Market By Type
12.4.12.5 Vietnam EV Composites Market, By Application
12.4.13 Singapore
12.4.13.1 Singapore EV Composites Market By Fiber Type
12.4.13.2 Singapore EV Composites Market By Resin Type
12.4.13.3 Singapore EV Composites Market By Manufacturing Process
12.4.13.4 Singapore EV Composites Market By Type
12.4.13.5 Singapore EV Composites Market, By Application
12.4.14 Australia
12.4.14.1 Australia EV Composites Market By Fiber Type
12.4.14.2 Australia EV Composites Market By Resin Type
12.4.14.3 Australia EV Composites Market By Manufacturing Process
12.4.14.4 Australia EV Composites Market By Type
12.4.14.5 Australia EV Composites Market, By Application
12.4.15 Rest of Asia-Pacific
12.4.15.1 Rest of Asia-Pacific EV Composites Market By Fiber Type
12.4.15.2 Rest of Asia-Pacific EV Composites Market By Resin Type
12.4.15.3 Rest of Asia-Pacific EV Composites Market By Manufacturing Process
12.4.15.4 Rest of Asia-Pacific EV Composites Market By Type
12.4.15.5 Rest of Asia-Pacific EV Composites Market, By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East EV Composites Market By Country
12.5.2.2 Middle East EV Composites Market By Fiber Type
12.5.2.3 Middle East EV Composites Market By Resin Type
12.5.2.4 Middle East EV Composites Market By Manufacturing Process
12.5.2.5 Middle East EV Composites Market By Type
12.5.2.6 Middle East EV Composites Market, By Application
12.5.2.7 UAE
12.5.2.7.1 UAE EV Composites Market By Fiber Type
12.5.2.7.2 UAE EV Composites Market By Resin Type
12.5.2.7.3 UAE EV Composites Market By Manufacturing Process
12.5.2.7.4 UAE EV Composites Market By Type
12.5.2.7.5 UAE EV Composites Market, By Application
12.5.2.8 Egypt
12.5.2.8.1 Egypt EV Composites Market By Fiber Type
12.5.2.8.2 Egypt EV Composites Market By Resin Type
12.5.2.8.3 Egypt EV Composites Market By Manufacturing Process
12.5.2.8.4 Egypt EV Composites Market By Type
12.5.2.8.5 Egypt EV Composites Market, By Application
12.5.2.9 Saudi Arabia
12.5.2.9.1 Saudi Arabia EV Composites Market By Fiber Type
12.5.2.9.2 Saudi Arabia EV Composites Market By Resin Type
12.5.2.9.3 Saudi Arabia EV Composites Market By Manufacturing Process
12.5.2.9.4 Saudi Arabia EV Composites Market By Type
12.5.2.9.5 Saudi Arabia EV Composites Market, By Application
12.5.2.10 Qatar
12.5.2.10.1 Qatar EV Composites Market By Fiber Type
12.5.2.10.2 Qatar EV Composites Market By Resin Type
12.5.2.10.3 Qatar EV Composites Market By Manufacturing Process
12.5.2.10.4 Qatar EV Composites Market By Type
12.5.2.10.5 Qatar EV Composites Market, By Application
12.5.2.11 Rest of Middle East
12.5.2.11.1 Rest of Middle East EV Composites Market By Fiber Type
12.5.2.11.2 Rest of Middle East EV Composites Market By Resin Type
12.5.2.11.3 Rest of Middle East EV Composites Market By Manufacturing Process
12.5.2.11.4 Rest of Middle East EV Composites Market By Type
12.5.2.11.5 Rest of Middle East EV Composites Market, By Application
12.5.3 Africa
12.5.3.1 Africa EV Composites Market By Country
12.5.3.2 Africa EV Composites Market By Fiber Type
12.5.3.3 Africa EV Composites Market By Resin Type
12.5.3.4 Africa EV Composites Market By Manufacturing Process
12.5.3.5 Africa EV Composites Market By Type
12.5.3.6 Africa EV Composites Market, By Application
12.5.3.7 Nigeria
12.5.3.7.1 Nigeria EV Composites Market By Fiber Type
12.5.3.7.2 Nigeria EV Composites Market By Resin Type
12.5.3.7.3 Nigeria EV Composites Market By Manufacturing Process
12.5.3.7.4 Nigeria EV Composites Market By Type
12.5.3.7.5 Nigeria EV Composites Market, By Application
12.5.3.8 South Africa
12.5.3.8.1 South Africa EV Composites Market By Fiber Type
12.5.3.8.2 South Africa EV Composites Market By Resin Type
12.5.3.8.3 South Africa EV Composites Market By Manufacturing Process
12.5.3.8.4 South Africa EV Composites Market By Type
12.5.3.8.5 South Africa EV Composites Market, By Application
12.5.3.9 Rest of Africa
12.5.3.9.1 Rest of Africa EV Composites Market By Fiber Type
12.5.3.9.2 Rest of Africa EV Composites Market By Resin Type
12.5.3.9.3 Rest of Africa EV Composites Market By Manufacturing Process
12.5.3.9.4 Rest of Africa EV Composites Market By Type
12.5.3.9.5 Rest of Africa EV Composites Market, By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America EV Composites Market By country
12.6.3 Latin America EV Composites Market By Fiber Type
12.6.4 Latin America EV Composites Market By Resin Type
12.6.5 Latin America EV Composites Market By Manufacturing Process
12.6.6 Latin America EV Composites Market By Type
12.6.7 Latin America EV Composites Market, By Application
12.6.8 Brazil
12.6.8.1 Brazil EV Composites Market By Fiber Type
12.6.8.2 Brazil EV Composites Market By Resin Type
12.6.8.3 Brazil EV Composites Market By Manufacturing Process
12.6.8.4 Brazil EV Composites Market By Type
12.6.8.5 Brazil EV Composites Market, By Application
12.6.9 Argentina
12.6.9.1 Argentina EV Composites Market By Fiber Type
12.6.9.2 Argentina EV Composites Market By Resin Type
12.6.9.3 Argentina EV Composites Market By Manufacturing Process
12.6.9.4 Argentina EV Composites Market By Type
12.6.9.5 Argentina EV Composites Market, By Application
12.6.10 Colombia
12.6.10.1 Colombia EV Composites Market By Fiber Type
12.6.10.2 Colombia EV Composites Market By Resin Type
12.6.10.3 Colombia EV Composites Market By Manufacturing Process
12.6.10.4 Colombia EV Composites Market By Type
12.6.10.5 Colombia EV Composites Market, By Application
12.6.11 Rest of Latin America
12.6.11.1 Rest of Latin America EV Composites Market By Fiber Type
12.6.11.2 Rest of Latin America EV Composites Market By Resin Type
12.6.11.3 Rest of Latin America EV Composites Market By Manufacturing Process
12.6.11.4 Rest of Latin America EV Composites Market By Type
12.6.11.5 Rest of Latin America EV Composites Market, By Application
13. Company Profiles
13.1 Toray Industries
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 The SNS View
13.2 Teijin Limited
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 The SNS View
13.3 Syensqo
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 The SNS View
13.4 Piran Advanced Composites
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 The SNS View
13.5 HRC
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 The SNS View
13.6 Envalior
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 The SNS View
13.7 Exel Composites
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 The SNS View
13.8 Kautex Textron
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 The SNS View
13.9 SGL Carbon
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 The SNS View
13.10 Others
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. 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.
Step 3: Data Bank Validation
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.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Fiber Type
Glass Fibre
Carbon Fibre
Other Fibres
By Resin Type
Thermoplastics
Thermosets
By Manufacturing Process
Compression Molding
Injection Molding
RTM
By Type
Ultra-Premium
Premium
Non-Premium
By Application
Interior
Exterior
Battery Enclosure
Powertrain & Chassis
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
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 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)
The Motor Grader Market size was valued at USD 3.71 Bn in 2023 and is expected to reach USD 5.69 Bn by 2031, with a CAGR of 5.5% over the forecast period of 2024-2031.
The Automotive Metal Stamping Market Size was valued at USD 108.41 Bn in 2023 and will reach USD 163.90 Bn by 2032 and grow at a CAGR of 4.7% by 2024-2032
The Low-Speed Vehicle Market size was valued at USD 10.55 billion in 2023, and is expected to reach USD 19.31 billion by 2032, and grow at a CAGR of 6.25% over the forecast period 2024-2032.
The Automotive Over-The-Air Updates Market Size was valued at USD 4.35 billion in 2023 and is expected to reach USD 19.29 billion by 2032 and grow at a CAGR of 18 % over the forecast period 2024-2032.
The Autonomous Trucks Market size is expected to reach USD 66.50 Bn by 2030, the market was valued at USD 29.80 Bn in 2022 and will grow at a CAGR of 10.6% over the forecast period of 2023-2030.
The Automotive Collision Repair Market size is expected to reach USD 229.85 Bn by 2032 and is valued at USD 197.51 Bn in 2023, the CAGR is anticipated to be over 1.7% over the forecast period of 2024-2032.
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