Report overview
Advanced materials are essential for boosting the fuel economy of modern automobiles while maintaining safety and performance.?Because it takes less energy to accelerate a lighter object than a heavier one, lightweight materials offer great potential for increasing vehicle efficiency.?A 10% reduction in vehicle weight can result in a 6%-8% fuel economy improvement.?Replacing cast iron and traditional steel components with lightweight materials such as high-strength steel, magnesium (Mg) alloys, aluminum (Al) alloys, carbon fiber, and polymer composites can directly reduce the weight of a vehicle's body and chassis by up to 50 percent and therefore reduce a vehicle's fuel consumption.
This report contains market size and forecasts of Automobile Lightweight Structural in Global, including the following market information:
Global Automobile Lightweight Structural Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Automobile Lightweight Structural market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
High Strength Steel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automobile Lightweight Structural include Plastic Omnium, Toyoda Gosei, Nemak, BHAP, Alcan, Nippon Light Metal, Suntown Group, YFPO and Dura Automotive, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automobile Lightweight Structural companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automobile Lightweight Structural Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Automobile Lightweight Structural Market Segment Percentages, by Type, 2021 (%)
High Strength Steel
Aluminum
Magnesium
Composite Materials
Plastic
Global Automobile Lightweight Structural Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Automobile Lightweight Structural Market Segment Percentages, by Application, 2021 (%)
Passenger Cars
Commercial Vehicles
Global Automobile Lightweight Structural Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Automobile Lightweight Structural Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automobile Lightweight Structural revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Automobile Lightweight Structural revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Plastic Omnium
Toyoda Gosei
Nemak
BHAP
Alcan
Nippon Light Metal
Suntown Group
YFPO
Dura Automotive
Roechling
Continental Structural Plastics
Constellium
