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Automotive Lightweight Materials Market Size, Developments Status, Trends and Leading Players Analysis, Forecast 2027

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The global Automotive Lightweight Materials market size is expected to surpass around US$ 115.37 billion by 2027 and the market is expected to garner growth at a CAGR of 7.4% over the forecast period 2021 to 2027.

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Growth Factors

Shifting trend towards new powertrain technologies coupled with higher emphasis on fuel economy standards are the key forces that drives the adoption of lightweight materials over the analysis period. The product demand is positively impacted by the increasing inclination towards battery-powered electric vehicles, as they carry an additional weight due to the components that include electric motors and batteries, and consequently require lightweight materials to improve the vehicle efficiency. Reduced weight provides multiple benefits that include improved vehicle performance & handling along with controlled vibration & noise.

However, high cost of lightweight materials, limited infrastructure availability, and supply chain volatility may hinder the growth of automotive lightweight materials market over the study timeframe.

Market Report Scope

Report Highlights Details
Market Size USD 115.37 Billion by 2027
Growth Rate CAGR of 7.4% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Automotive Lightweight Materials market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Automotive Lightweight Materials market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Automotive Lightweight Materials. The study also provides the dynamics that are responsible for influencing the future status of the Automotive Lightweight Materials market over the forecast period.

A detailed assessment of the Automotive Lightweight Materials market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Automotive Lightweight Materials market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific was projected as the front-runner in terms of consumption for the year 2019 owing to rapid growth in the adoption of electric and hybrid electric vehicles in the region
  • Europe and North America are the prominent revenue contributors in the global market due to availability of advanced transportation infrastructure as well as large R&D investment
  • Based on vehicle, passenger vehicle witness high demand for lightweight materials compared to other types of vehicles owing to high sales percentage across the globe
  • Light commercial vehicles exhibit lucrative growth during the forecast period because of escalating trend of e-commerce and online shopping
  • Metals alloys held the significant value share in the global automotive lightweight materials market in the year 2019 and estimated to be maintain its dominance by 2027
  • High-strength Steel [HSS] is a type of metal that encounters prominent demand after aluminum
  • Powertrain application expected to be the fastest growing segment over the forecast period due to its significant contribution of more than 27% in the vehicle’s weight

Regional Snapshots

In 2019, the Asia Pacific emerged as the dominant market for the automotive lightweight materials. This is mainly attributed to the on-going green revolution in various countries of Asia. For instance, China has announced its plan to convert its public transportation sector with green mobility by the end of 2025. In the wake of same, the country is significantly investing in the upgradation of transport infrastructure in support of the electric and advanced vehicle technology. Similarly, other countries such as Singapore, India, Malaysia, Japan, and Korea are also following the same path and supporting the electric vehicle adoption across the country.

On the other side, Europe being an automotive hub contributes prominently towards the value gain in the global automotive lightweight materials market. The region is a home for several OEMs that include Audi, Mercedes, Porsche, BMW, Ferrari, Alfa Romeo, Bentley, Aston Martin, Jaguar, and many more, this also positively influence the market growth of lightweight materials in the region. In addition, the government in the region has issued stringent norms pertaining to carbon emission such as Euro 6 that will significantly reduce the pollutants that include carbon monoxide and nitrogen oxide, thereby improving the air quality along with the fuel efficiency of the vehicle.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Henkel AG & Co.
  • DuPont
  • NovaCentrix
  • KGaA
  • Intrinsiq Materials, Inc.
  • Creative Materials Inc.
  • Vorbeck Materials Corporation, Inc
  • Johnson Matthey PLC
  • Heraeus Holding GmbH
  • Applied Ink Solutions

Segments Covered in the Report

By Vehicle

  • Passenger Vehicles
  • Heavy Commercial Vehicles [HCVs]
  • Light Commercial Vehicles [LCVs]

By Material

  • High-strength Steel [HSS]
  • Metal Alloys
  • Polymers
  • Composites

By Application

  • Exterior
  • Interior
  • Powertrain
  • Structural
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Automotive Lightweight Materials market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Lightweight Materials are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive Lightweight Material Market, By Vehicle

7.1. Automotive Lightweight Material Market, by Vehicle Type, 2020-2027
7.1.1. Passenger Vehicles
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Heavy Commercial Vehicles [HCVs] 7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Light Commercial Vehicles [LCVs] 7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive Lightweight Material Market, By Application

8.1. Automotive Lightweight Material Market, by Application, 2020-2027
8.1.1. High-strength Steel [HSS] 8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Metal Alloys
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Polymers
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Composites
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive Lightweight Material Market, By Material

9.1. Automotive Lightweight Material Market, by Material, 2020-2027
9.1.1. Exterior
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Interior
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Powertrain
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Structural
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive Lightweight Material Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Material (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Material (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Material (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Material (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Material (2016-2027)

Chapter 11. Company Profiles

11.1. Henkel AG & Co.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. DuPont
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. NovaCentrix
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. KGaA
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Intrinsiq Materials, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Creative Materials Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Vorbeck Materials Corporation, Inc
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Johnson Matthey PLC
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Heraeus Holding GmbH
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Applied Ink Solutions
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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