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Lightweight Automotive Body Panels Market: Passenger Car Vehicle Type Segment Anticipated to Hold Prominent Market Share Through 2026: Global Industry Analysis and Opportunity Assessment, 2016-2026

1. Executive Summary
2. Global Lightweight Automotive Body Panels Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Global Lightweight Automotive Body Panels Market Analysis Scenario
3.1. Pricing Analysis
3.1.1. Pricing Analysis by Metals
3.1.2. Pricing Analysis by Polymers & Composites
3.2. Market Consumption Overview
3.3. Market Size (US$ Mn) and Forecast
3.3.1. Market Size and Y-o-Y Growth
3.3.2. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Supply Chain
3.4.2. List of Active Participants
3.4.2.1. Raw Material Suppliers
3.4.2.2. Manufacturers
3.4.2.3. Distributors / Retailers
3.4.2.4. Automotive Vehicle Manufacturers
3.5. Product - Cost Teardown Analysis
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity
4.4. Trends
5. Global Lightweight Automotive Body Panels Market Analysis and Forecast, by Material Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Material Type
5.1.2. Y-o-Y Growth Projections By Material Type
5.2. Market Size Forecast By Material Type
5.2.1. Metals
5.2.1.1. High Strength Steel
5.2.1.2. Magnesium
5.2.1.3. Aluminum
5.2.2. Polymers & Composites
5.2.2.1. Carbon fiber reinforced plastics
5.2.2.2. Glass fiber reinforced plastic
5.2.2.3. Other Polymer & Composite Materials
6. Global Lightweight Automotive Body Panels Market Analysis and Forecast, By Component Type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Component Type
6.1.2. Y-o-Y Growth Projections By Component Type
6.2. Market Size Forecast By Component Type
6.2.1. Bumpers
6.2.2. Hood
6.2.3. Door Panels
6.2.4. Trunk Lids
6.2.5. Roof
6.2.6. Others
6.3. Market Attractiveness Analysis By Component Type
7. Global Lightweight Automotive Body Panels Market Analysis and Forecast, By Vehicle Type
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Vehicle Type
7.1.2. Y-o-Y Growth Projections By Vehicle Type
7.2. Market Size Forecast By Vehicle Type
7.2.1. Passenger Car
7.2.2. Light Commercial Vehicle
7.2.3. Heavy Commercial Vehicle
7.3. Market Attractiveness Analysis By Vehicle Type
8. Global Lightweight Automotive Body Panels Market Analysis and Forecast, By Region
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Region
8.1.2. Y-o-Y Growth Projections By Region
8.2. Market Size Forecast By Region
8.2.1. North America
8.2.2. Western Europe
8.2.3. Asia Pacific Excl. Japan (APEJ)
8.2.4. Latin America
8.2.5. Eastern Europe
8.2.6. Middle East and Africa (MEA)
8.2.7. Japan
9. North America Lightweight Automotive Body Panels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.2. Market Size Forecast By Country
9.2.1. U.S.
9.2.2. Canada
9.3. Market Size Forecast By Material Type
9.3.1. Metals
9.3.1.1. High Strength Steel
9.3.1.2. Magnesium
9.3.1.3. Aluminum
9.3.2. Polymers & Composites
9.3.2.1. Carbon fiber reinforced plastics
9.3.2.2. Glass fiber reinforced plastic
9.3.2.3. Other Polymer & Composite Materials
9.4. Market Size Forecast By Component Type
9.4.1. Bumpers
9.4.2. Hood
9.4.3. Door Panels
9.4.4. Trunk Lids
9.4.5. Roof
9.4.6. Others
9.5. Market Size Forecast By Vehicle Type
9.5.1. Passenger Car
9.5.2. Light Commercial Vehicle
9.5.3. Heavy Commercial Vehicle
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Material Type
9.6.3. By Component Type
9.6.4. By Vehicle Type
10. Western Europe Lightweight Automotive Body Panels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country / Region
10.1.2. Y-o-Y Growth Projections By Country
10.2. Market Size Forecast By Country / Region
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. Spain
10.2.5. U.K.
10.2.6. BENELUX
10.2.7. Rest of Western Europe
10.3. Market Size Forecast By Material Type
10.3.1. Metals
10.3.1.1. High Strength Steel
10.3.1.2. Magnesium
10.3.1.3. Aluminum
10.3.2. Polymers & Composites
10.3.2.1. Carbon fiber reinforced plastics
10.3.2.2. Glass fiber reinforced plastic
10.3.2.3. Other Polymer & Composite Materials
10.4. Market Size Forecast By Component Type
10.4.1. Bumpers
10.4.2. Hood
10.4.3. Door Panels
10.4.4. Trunk Lids
10.4.5. Roof
10.4.6. Others
10.5. Market Size Forecast By Vehicle Type
10.5.1. Passenger Car
10.5.2. Light Commercial Vehicle
10.5.3. Heavy Commercial Vehicle
10.6. Market Attractiveness Analysis
10.6.1. By Country /Region
10.6.2. By Material Type
10.6.3. By Component Type
10.6.4. By Vehicle Type
11. Asia Pacific Excl. Japan (APEJ) Lightweight Automotive Body Panels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country / Region
11.1.2. Y-o-Y Growth Projections By Country / Region
11.2. Market Size Forecast By Country / Region
11.2.1. China
11.2.2. India
11.2.3. ASEAN
11.2.4. Australia and New Zealand
11.2.5. Rest of APEJ
11.3. Market Size Forecast By Material Type
11.3.1. Metals
11.3.1.1. High Strength Steel
11.3.1.2. Magnesium
11.3.1.3. Aluminum
11.3.2. Polymers & Composites
11.3.2.1. Carbon fiber reinforced plastics
11.3.2.2. Glass fiber reinforced plastic
11.3.2.3. Other Polymer & Composite Materials
11.4. Market Size Forecast By Component Type
11.4.1. Bumpers
11.4.2. Hood
11.4.3. Door Panels
11.4.4. Trunk Lids
11.4.5. Roof
11.4.6. Others
11.5. Market Size Forecast By Vehicle Type
11.5.1. Passenger Car
11.5.2. Light Commercial Vehicle
11.5.3. Heavy Commercial Vehicle
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Material Type
11.6.3. By Component Type
11.6.4. By Vehicle Type
12. Latin America Lightweight Automotive Body Panels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis By Country
12.1.2. Y-o-Y Growth Projections By Country
12.2. Market Size Forecast By Country
12.2.1. Brazil
12.2.2. Mexico
12.2.3. Rest of Latin America
12.3. Market Size Forecast By Material Type
12.3.1. Metals
12.3.1.1. High Strength Steel
12.3.1.2. Magnesium
12.3.1.3. Aluminum
12.3.2. Polymers & Composites
12.3.2.1. Carbon fiber reinforced plastics
12.3.2.2. Glass fiber reinforced plastic
12.3.2.3. Other Polymer & Composite Materials
12.4. Market Size Forecast By Component Type
12.4.1. Bumpers
12.4.2. Hood
12.4.3. Door Panels
12.4.4. Trunk Lids
12.4.5. Roof
12.4.6. Others
12.5. Market Size Forecast By Vehicle Type
12.5.1. Passenger Car
12.5.2. Light Commercial Vehicle
12.5.3. Heavy Commercial Vehicle
12.6. Market Attractiveness Analysis
12.6.1. By Country
12.6.2. By Material Type
12.6.3. By Component Type
12.6.4. By Vehicle Type
13. Eastern Europe Lightweight Automotive Body Panels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis By Country
13.1.2. Y-o-Y Growth Projections By Country
13.2. Market Size Forecast By Country
13.2.1. Russia
13.2.2. Poland
13.2.3. Rest of Eastern Europe
13.3. Market Size Forecast By Material Type
13.3.1. Metals
13.3.1.1. High Strength Steel
13.3.1.2. Magnesium
13.3.1.3. Aluminum
13.3.2. Polymers & Composites
13.3.2.1. Carbon fiber reinforced plastics
13.3.2.2. Glass fiber reinforced plastic
13.3.2.3. Other Polymer & Composite Materials
13.4. Market Size Forecast By Component Type
13.4.1. Bumpers
13.4.2. Hood
13.4.3. Door Panels
13.4.4. Trunk Lids
13.4.5. Roof
13.4.6. Others
13.5. Market Size Forecast By Vehicle Type
13.5.1. Passenger Car
13.5.2. Light Commercial Vehicle
13.5.3. Heavy Commercial Vehicle
13.6. Market Attractiveness Analysis
13.6.1. By Country
13.6.2. By Material Type
13.6.3. By Component Type
13.6.4. By Vehicle Type
14. Japan Lightweight Automotive Body Panels Market Analysis and Forecast
14.1. Introduction
14.2. Market Size Forecast By Material Type
14.2.1. Metals
14.2.1.1. High Strength Steel
14.2.1.2. Magnesium
14.2.1.3. Aluminum
14.2.2. Polymers & Composites
14.2.2.1. Carbon fiber reinforced plastics
14.2.2.2. Glass fiber reinforced plastic
14.2.2.3. Other Polymer & Composite Materials
14.3. Market Size Forecast By Component Type
14.3.1. Bumpers
14.3.2. Hood
14.3.3. Door Panels
14.3.4. Trunk Lids
14.3.5. Roof
14.3.6. Others
14.4. Market Size Forecast By Vehicle Type
14.4.1. Passenger Car
14.4.2. Light Commercial Vehicle
14.4.3. Heavy Commercial Vehicle
14.5. Market Attractiveness Analysis
14.5.1. By Material Type
14.5.2. By Component Type
14.5.3. By Vehicle Type
15. MEA Lightweight Automotive Body Panels Market Analysis and Forecast
15.1. Introduction
15.1.1. Basis Point Share (BPS) Analysis By Country
15.1.2. Y-o-Y Growth Projections By Country
15.2. Market Size Forecast By Country
15.2.1. Turkey
15.2.2. South Africa
15.2.3. Rest of MEA
15.3. Market Size Forecast By Material Type
15.3.1. Metals
15.3.1.1. High Strength Steel
15.3.1.2. Magnesium
15.3.1.3. Aluminum
15.3.2. Polymers & Composites
15.3.2.1. Carbon fiber reinforced plastics
15.3.2.2. Glass fiber reinforced plastic
15.3.2.3. Other Polymer & Composite Materials
15.4. Market Size Forecast By Component Type
15.4.1. Bumpers
15.4.2. Hood
15.4.3. Door Panels
15.4.4. Trunk Lids
15.4.5. Roof
15.4.6. Others
15.5. Market Size Forecast By Vehicle Type
15.5.1. Passenger Car
15.5.2. Light Commercial Vehicle
15.5.3. Heavy Commercial Vehicle
15.6. Market Attractiveness Analysis
15.6.1. By Country
15.6.2. By Material Type
15.6.3. By Component Type
15.6.4. By Vehicle Type
16. Competition Landscape
16.1. Competition Dashboard
16.2. Market Share Analysis
16.3. Company Profiles

Lightweight Automotive Body Panels Market: Passenger Car Vehicle Type Segment Anticipated to Hold Prominent Market Share Through 2026: Global Industry Analysis and Opportunity Assessment, 2016-2026

Automotive body panels such as bumpers, roof, door panels, and trunk lids are generally made of conventional materials such as steel or iron. Such body panels contribute significantly to the overall automobile body weight. However, owing to increasing regulations to reduce emissions along with increasing demand for fuel economy has attracted the attention of OEM manufacturers to decrease the overall automobile weight. Thus in order to reduce body weight of automobiles, manufacturers are focussing on using body panels that are lighter than conventional body panels. Body panels made of materials with low density such as high-strength steel, aluminium, and polymers & composites are considered to be lightweight automotive body panels. Such lightweight body panels provide the desired strength for the components with reduced weight.

Global consumption of lightweight automotive body panels was pegged at 9,500 thousand tonnes in 2015. Sales revenue of lightweight automotive body panels is expected to register a CAGR of 4.8% over the forecast period (2016–2026).

Steady recovery in global automotive production along with an increasing focus on lightweighting is driving market demand

Rising disposable income with growing economic conditions is driving global automotive production. With an increase in automotive production, concerns for increasing greenhouse gas emissions is rising globally. In order to tackle greenhouse gas emissions, governments across the globe are implementing stringent regulations to meet fuel emission standards. To comply with such stringent regulations, manufacturers are expected to increase their focus on automotive lightweighting. Increasing automotive production along with an increasing focus on lightweighting is anticipated to drive market demand over the forecast period. However, high costs associated with lightweighting materials are hindering widespread adoption and this is likely to restrict market growth over the forecast period.

Market segmentation

By Material Type

By Component Type

By Vehicle Type

By Region

Metals

High-strength Steel

Magnesium

Aluminium

Polymers & Composites

Carbon Fibre Reinforced Plastics

Glass Fibre Reinforced plastics

Other Polymer & Composite Materials

Bumpers

Hood

Door Panels

Trunk Lids

Roof

Others

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

North America

Latin America

Western Europe

Eastern Europe

APEJ

Japan

MEA

High-strength Steel material type sub-segment projected to remain dominant throughout the forecast period

The High-strength Steel sub-segment is estimated to account for maximum share of 73.5% in the overall market by 2016 end. The Aluminium sub-segment is estimated to account for a significant share of 18.0% by the end of 2016.

Door Panels component type segment projected to retain its dominance over the forecast period

The Door Panels segment is estimated to account for maximum share and is projected to retain its dominance over the forecast period. The Door Panels and Trunk Lids segments are estimated to collectively account for a share of 51.2% in the overall market.

Passenger Car vehicle type segment estimated to account for prominent market share throughout the forecast period

The Passenger Car segment is anticipated to witness the highest CAGR over the forecast period. This segment is estimated to account for 46.9% share of the global lightweight automotive body panels market by 2016 end. The Heavy Commercial Vehicle segment is projected to account for the lowest value share over the forecast period.

APEJ regional market expected to gain maximum market share between 2016 and 2026

APEJ is estimated to account for a major share in global automotive production and is expected to witness higher growth rates in terms of automotive production. The APEJ lightweight automotive body panels market is anticipated to register a CAGR of 6.3% during 2016–2026. The market in North America is estimated to account for 34.1% value share of the global lightweight automotive body panels market by the end of 2016. The higher market value share of the North America market is attributed to the relative higher vehicle production in the region.

lightweight automotive body panels market

Leading market players are focussing on expanding their market presence in emerging markets through joint ventures and collaborations

GORDON AUTO BODY PARTS CO. LTD., AUSTEM COMPANY LTD., Gestamp, Plastic Omnium, Magna International Inc., Stick Industry Co. Ltd., Changshu Huiyi Mechanical & Electrical Co. Ltd., KUANTE AUTO PARTS MANUFACTURE CO. LIMITED, Hwashin, FLEX-N-GATE CORPORATION, and ABC Group, Inc. are some of the leading players operating in the global lightweight automotive body panels market. Some of these companies are directing their investments towards the deployment of advanced technologies for product development.


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