Automotive Lightweight Material Market Insights

 The global automotive lightweight material market has witnessed moderate growth at a CAGR of 3.3% over the past half-decade. However, due to the ongoing outbreak of COVID-19, automotive production has plummeted in quarter Q2 of FY2020, and has cascaded the demand effect towards automotive light weight material.

The market is set to decline by more than twofold over the short-term forecast period, owing to prolonged COVID-19 effect on the automotive industry. By the 1st quarter of FY2022, demand for automotive lightweight material is set to resurrect, owing to normalization of automotive production.

The automotive lightweight material market size is projected to witness nominal expansion at a CAGR of around 5% during the forecast period of 2020 to 2030. Speculative demand of material was observed over the 2nd quarter of FY2020. Reduced market prices have attracted suppliers to charge up their inventories to enhance their profits, post resurrection of the market by the beginning of the 3rd quarter.

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Key findings of the Automotive Lightweight Material market study:

·         Regional breakdown of the Automotive Lightweight Material market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Automotive Lightweight Material vendors in detail.

·         Region-wise and country-wise fragmentation of the Automotive Lightweight Material market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Automotive Lightweight Material market.

Automotive Lightweight Material Market: Segmentation

Fact.MR has studied the automotive lightweight material market with detailed segmentation on the basis of by material, vehicle, application, and key regions.

·         By Material :

o    Steel

o    HSS

o    AHSS & UHSS

o    Metals

o    Aluminum

o    Magnesium

o    Titanium

o    Polymers

o    PP

o    PU

o    ABS

o    Polycarbonates

o    Polyamides

o    Others

o    Composites

o    Carbon

o    Aramide & Fiber Glass

o    Elastomers

·         By Vehicle :

o    Passenger Cars

o    Compact Cars

o    Mid-sized Cars

o    Luxury Cars

o    Premium Cars

o    LCVs

o    HCVs

·         By Application :

o    Engine & Mechanical

o    Chassis and Suspension

o    Powertrain

o    Others

o    Exterior & Structural

o    Body Structure and Frame

o    Body Panels & Trims

o    Closures

o    Others

o    Interior

o    Seating

o    Door Modules

o    Instrument Panels

o    Others

o    HVAC & Electrical

·         By Regions :

o    North America

o    Latin America Excluding Mexico

o    Europe Excluding Germany

o    East Asia Excluding China

o    South Asia & Oceania

o    Middle East & Africa

o    Germany

o    China

o    Mexico

 

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Queries addressed in the Automotive Lightweight Material market report:

·         Why are the Automotive Lightweight Material market players targeting region for increased product sales?

·         What patented technologies are the players utilizing in the global Automotive Lightweight Material market?

·         Which regions are displaying the fastest growth in the Automotive Lightweight Material market?

·         What are the underlying micro- macroeconomic factors affecting the global Automotive Lightweight Material market?

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