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Automotive Lightweighting Market by Material Type (Composite, Elastomer, Metal), Vehicle Type (Electric Powered, IC Engine Powered), Application, End-User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 185 Pages
SKU # IRE18435788

Description

Automotive Lightweighting Market by Material Type (Composite, Elastomer, Metal), Vehicle Type (Electric Powered, IC Engine Powered), Application, End-User - Global Forecast 2024-2030


The Automotive Lightweighting Market size was estimated at USD 76.93 billion in 2023 and expected to reach USD 82.18 billion in 2024, at a CAGR 7.28% to reach USD 125.85 billion by 2030.

Global Automotive Lightweighting MarketAutomotive lightweighting market deals with designing vehicles that are less heavy to improve fuel efficiency and overall performance. Redesigning features and, shrinking component dimensions, substituting heavy raw materials with lighter composites is the most effective strategy in automotive lightweighting. Advanced innovations are being adopted by the automotive industry, from redesigning features and shrinking component dimensions to substituting heavy raw materials with lighter composites to achieve lightwightness. Automotive manufacturers prefer lightweight raw materials to increase fuel efficiency and enhance passenger safety in case of a car crash. However, the relatively high cost of lightweight materials and complex assembling and processing are major challenges for the market growth. The automotive lightweighting market is expected to boost due to growing investment in developing advanced and affordable electric and autonomous vehicles and innovative research and development efforts in novel composite materials for eco-friendly vehicles.Regional InsightsEurope is witnessing high growth in the automotive lightweighting market due to established market players and advanced manufacturing facilities in the region. Automotive manufacturers are attracting considerable investments to develop and implement lightweight composite materials in passenger and commercial vehicle manufacturing. The Middle East and Africa market is also expecting growth due to the emergence of new market players. Americas is expecting growth in the automotive lightweighting market due to competitiveness among market players and expansion plans of major manufacturers worldwide. As America is a significant importer of stainless steel, the regional players are attracted to utilizing lightweight materials for automotive manufacturing as it is a good alternative to stainless steel. The Asia-Pacific market is emerging as the production base of most auto-giant companies is being shifted from developed to developing countries to take advantage of the low cost of production. The automotive manufacturers in the region are adopting lightweight composite materials as it increases fuel efficiency and increased safety profile of passenger and commercial vehicles.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Lightweighting Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Lightweighting Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Lightweighting Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABC Technologies Inc., Aisin Corporation, Alcoa Corporation, Aludyne, Inc., ArcelorMittal S.A., BASF SE, BENTELER International Aktiengesellschaft, Continental AG, Covestro AG, Cymat Technologies Ltd., Dana Incorporated, DuPont de Nemours, Inc., ESE Industries, Faurecia Group, FLEXcon Company, Inc., Formosa Plastics Corporation, Gestamp Servicios, S.A., GKN Automotive Limited, Huntsman International LLC, Hyundai Motor Group, Johnson Controls Inc., JSR Corporation, Lear Corporation, LG Chem, Ltd., LyondellBasell Industries Holdings B.V., M. Holland Company, Magna International Inc., Mahle GmbH, Meridian Lightweight Technologies, Novelis, Inc., nTopology, Inc., Owens Corning, POSCO, Robert Bosch GmbH, Saudi Basic Industries Corporation, Shape Corp., Solvay SA, SSAB AB, Sumitomo Electric Industries, Ltd., Tata Steel Ltd., Teijin Automotive Technologies, thyssenkrupp AG, Toray Industries, Inc., Trinseo PLC, Valeo SA, Voestalpine Metal Forming GmbH, ZF Friedrichshafen AG, Zhejiang Wanfeng Auto Wheel Co., Ltd, and ​​Caresoft Global Technologies, Inc..

Market Segmentation & Coverage



This research report categorizes the Automotive Lightweighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material Type
Composite
Elastomer
Metal
Plastics
Vehicle Type
Electric Powered
IC Engine Powered
Application
Exterior Systems & Components
Frame
Interior Systems & Components
Powertrain
End-User
Heavy Commercial Vehicle
Light Commercial Vehicle
Passenger Cars
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Lightweighting Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Lightweighting Market?
3. What are the technology trends and regulatory frameworks in the Automotive Lightweighting Market?
4. What is the market share of the leading vendors in the Automotive Lightweighting Market?
5. Which modes and strategic moves are suitable for entering the Automotive Lightweighting Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

185 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Automotive Lightweighting Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing innovations in automotive manufacturing industry to meet demand of fuel efficient passenger vehicles
5.1.1.2. Rising demand for light composite materials owing to stringent pollution control norms, and enhanced passenger safety
5.1.2. Restraints
5.1.2.1. Complex raw composite assembling and processing methods
5.1.3. Opportunities
5.1.3.1. Growing investment in development of advanced and affordable electric and autonomous vehicle
5.1.3.2. Ongoing research and development activities in novel composite materials for eco friendly vehicles
5.1.4. Challenges
5.1.4.1. High cost of lightweight material and supply chain difficulties
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Automotive Lightweighting Market, by Material Type
6.1. Introduction
6.2. Composite
6.3. Elastomer
6.4. Metal
6.5. Plastics
7. Automotive Lightweighting Market, by Vehicle Type
7.1. Introduction
7.2. Electric Powered
7.3. IC Engine Powered
8. Automotive Lightweighting Market, by Application
8.1. Introduction
8.2. Exterior Systems & Components
8.3. Frame
8.4. Interior Systems & Components
8.5. Powertrain
9. Automotive Lightweighting Market, by End-User
9.1. Introduction
9.2. Heavy Commercial Vehicle
9.3. Light Commercial Vehicle
9.4. Passenger Cars
10. Americas Automotive Lightweighting Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Automotive Lightweighting Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Automotive Lightweighting Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. ABC Technologies Completes Acquisition of WMG Technologies.
13.3.1.2. Martinrea International Inc. Announces Acquisition of Effenco Development Assets.
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. Sumika partners with Hexagon, enabling 60% plastic carbon reduction for new vehicles by digitizing sustainable compounds for engineers.
13.3.2.2. TRB Lightweight Structures announces new partnership with Kordsa.
13.3.3. Investment & Funding
13.3.3.1. Bcomp raises CHF 32 Million (USD 34.50 Million) in Series B round with leading investors.
13.3.3.2. Volvo Tech Fund Invests In Sustainable Lightweight Materials Fund Bcomp.
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. 3M Company
14.1.2. ABC Technologies Inc.
14.1.3. Aisin Corporation
14.1.4. Alcoa Corporation
14.1.5. Aludyne, Inc.
14.1.6. ArcelorMittal S.A.
14.1.7. BASF SE
14.1.8. BENTELER International Aktiengesellschaft
14.1.9. Continental AG
14.1.10. Covestro AG
14.1.11. Cymat Technologies Ltd.
14.1.12. Dana Incorporated
14.1.13. DuPont de Nemours, Inc.
14.1.14. ESE Industries
14.1.15. Faurecia Group
14.1.16. FLEXcon Company, Inc.
14.1.17. Formosa Plastics Corporation
14.1.18. Gestamp Servicios, S.A.
14.1.19. GKN Automotive Limited
14.1.20. Huntsman International LLC
14.1.21. Hyundai Motor Group
14.1.22. Johnson Controls Inc.
14.1.23. JSR Corporation
14.1.24. Lear Corporation
14.1.25. LG Chem, Ltd.
14.1.26. LyondellBasell Industries Holdings B.V.
14.1.27. M. Holland Company
14.1.28. Magna International Inc.
14.1.29. Mahle GmbH
14.1.30. Meridian Lightweight Technologies
14.1.31. Novelis, Inc.
14.1.32. nTopology, Inc.
14.1.33. Owens Corning
14.1.34. POSCO
14.1.35. Robert Bosch GmbH
14.1.36. Saudi Basic Industries Corporation
14.1.37. Shape Corp.
14.1.38. Solvay SA
14.1.39. SSAB AB
14.1.40. Sumitomo Electric Industries, Ltd.
14.1.41. Tata Steel Ltd.
14.1.42. Teijin Automotive Technologies
14.1.43. thyssenkrupp AG
14.1.44. Toray Industries, Inc.
14.1.45. Trinseo PLC
14.1.46. Valeo SA
14.1.47. Voestalpine Metal Forming GmbH
14.1.48. ZF Friedrichshafen AG
14.1.49. Zhejiang Wanfeng Auto Wheel Co., Ltd
14.1.50. ​​Caresoft Global Technologies, Inc.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. AUTOMOTIVE LIGHTWEIGHTING MARKET RESEARCH PROCESS
FIGURE 2. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, 2023 VS 2030
FIGURE 3. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. AUTOMOTIVE LIGHTWEIGHTING MARKET DYNAMICS
FIGURE 7. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY MATERIAL TYPE, 2023 VS 2030 (%)
FIGURE 8. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY MATERIAL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2030 (%)
FIGURE 10. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 14. AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE LIGHTWEIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. AUTOMOTIVE LIGHTWEIGHTING MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. AUTOMOTIVE LIGHTWEIGHTING MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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