Global Automotive Lightweighting Market

By Author: Rupali Dagade
Total Articles: 446
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Fuel economy and emission reduction have become a top priority in vehicle design and development, automotive manufacturers and automotive component manufacturers are trying to reduce the automotive weight using a new material or modifying the design. The weight reduction causes reduction in carbon dioxide 0.08g per Kg of vehicle weight reduction.

The Global Automotive Lightweighting Market is expected to grow at a CAGR of 7.5% during the forecast period, 2020-2027.

The report covers the detailed analysis global automotive Lightweighting market industry with the classifications of the market on the product type, applications, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled eight key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each ...
... region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. The major country’s policies about manufacturing and its impact on automotive demand are covered in the report.

Global Automotive Lightweighting Market Dynamics:

The government across the world forming new regulations to reduce vehicle emission and increase fuel economy. The OEMs are trying to comply with the regulations and standards set by the government. Vehicle component manufacturers using lightweight composites, metals, and plastic for the production of parts. The 10% of reduction in vehicle weight improves about 7% of the fuel efficiency of a vehicle. Several governments across the globe have introduced stringent emission and fuel economy regulations for vehicles. These regulations have compelled automotive OEMs to increase the use of lightweight materials such as lightweight metals, composites, and plastics. Advanced lightweight materials help increase the fuel economy of a vehicle while ensuring safety and performance. A 10% reduction in vehicle mass can improve fuel economy by 6 to 8%.

The use of lightweight materials reduces the consumption of fuel in a vehicle because less weight takes less energy at the time of acceleration. Engine components can withstand high pressure and temperature with the use of advanced materials, which in turn helps increase efficiency and lowers emission. The multi-material designs, with the combination of HSS, magnesium, composites, aluminum, and other materials, use a system of approach keeping the best properties of materials at an appropriate place. Efficient design, material selection, manufacturing, and assembly can effectively result in light-weighting.

The two-wheeler segment holds a significant market share of XX% in terms of volume, in 2019.

The two-wheeler market is projected to grow at a CAGR of xx% during the forecast period 2019 to 2027. The growing demand for intercity commute, personal vehicle, and growing expenditure capability is driving the demand for two-wheelers. Electric two-wheelers are also getting demand, which demands lightweight material for better economy per charge interval. Government all over the world concern about two-wheeler vehicle pollution. Hence, implying new emission regulations on the two-wheeler segment. Recently, the Indian government implemented BS 6 regulations are laid down by the government to regulate the output of air pollutants from two-wheelers. The implementation of BS 6 experience about 89% reduction in PM particles and 76% in NOx in two-wheelers. The report covers the detailed analysis of PV, LCV, and HCV segment by their market share, size, and regional market condition.

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Global Automotive Lightweighting Market, By Application

• Body in White (BIS)
• Chassis
• Powertrain
• Interior
• Exterior
• Other Application

The exterior segment is expected to grow at a CAGR of xx% during the forecast period.

The automotive eternal component and body panel are most likely susceptible to weight reduction. Manufacturers are using lightweight material to manufacture vehicle external body. Vehicle trunk, door, bonnet, front bumper, rear bumper, and many other components are taken into the lightweighting process. Some automakers are using fiber material as a body to reduce weight. The strengthened steel is also used instead of normal steel as it has more strength to weight ratio. Plastic is predominantly used in the vehicle as it provides the required strength with lightweight characteristics. The use of high strength plastic in vehicle windshield and door glass is expected to propel the Lightweighting market in the forecast period. The report covers the regional regulatory norms and their effect by vehicle type, with each segment's market share and size is analyzed.

Global Automotive Lightweighting Market Regional Insights

North America is estimated to reach US$ XX Bn. by 2027.

North America is a major market for the growth of the market, thanks to the regulation like CAFÉ (corporate average fuel economy) passed by National Highway Traffic Safety Administration is an agency of the U.S., sets vehicle emission standards for cars and light commercial vehicles. Followed by Europe, the vehicles produced in Europe are 12% lighter than their previous generation vehicle. Europe is a hub for premium vehicle segment vehicles and manufacturers are setting their stringent vehicle emission standards leading the market growth in the automotive Lightweighting market.

The objective of the report is to present a comprehensive analysis of the Global Automotive Lightweighting Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Lightweighting Market dynamics, structure by analyzing the market segments and project Global Automotive Lightweighting Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Lightweighting Market the report investor’s guide.

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Scope of the Global Automotive Lightweighting Market: Inquire before buying

Global Automotive Lightweighting Market, By Vehicle Type

• PCV
• LCV
• HCV
• Two Wheelers

Global Automotive Lightweighting Market, By Application

• Body in White (BIS)
• Chassis
• Powertrain
• Interior
• Exterior
• Other Application

Global Automotive Lightweighting Market, By Manufacturing Process

• Casting
• Extrusion
• Forging
• Forming
• Open molding
• Closed molding

Global Automotive Lightweighting Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Key players operating in Global Automotive Lightweighting Market

• BASF SE
• Covestro AG
• LyondellBasell Industries Holdings B.V.
• Toray Industries, Inc.
• ArcelorMittal
• thyssenkrupp AG
• Novelis, Inc.
• Alcoa Corporation
• Other
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