The global automotive lightweight materials market is projected to reach $103.1 billion by 2025, at a CAGR of 4.7% during 2020-2025. The growth of automotive lightweight materials market is driven by government regulations on the fuel economy and emission controls, increasing stringent safety regulations, high vehicle production, increasing use of lightweight materials, increasing gasoline prices and fuel economy, and replacement of traditional materials.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the automotive lightweight
materials market by material type (aluminum, AHSS, magnesium, plastics, and
composites), vehicle type (passenger cars, light commercial vehicle, and heavy
commercial vehicle), and by region (North America, Europe, Asia Pacific, and
the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the automotive lightweight materials market?
Q.4 What are some
changing demands of customers in the automotive lightweight materials market?
Q.5 What are the new
developments in the automotive lightweight materials market? Which companies
are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this automotive lightweight materials area
and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this automotive lightweight
materials market?
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Market Segmentation:
Based on material type,
the automotive lightweight materials market
is segmented into aluminum, AHSS, magnesium, plastics, and composites. The aluminum
segment accounted for the largest share of the market in 2020.
Key Players in the automotive
lightweight materialss market are ArcelorMittal SA, Bayer MaterialScience AG,
ThyssenKrupp AG, Alcoa Inc., and Novelis Inc.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/automotive-lightweight-materials-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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