The Global Automotive Lightweight Material Market Is Expected To Reach An Estimated $130 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global automotive lightweight material market looks promising with opportunities in the BIW, powertrain, interior, and exterior markets. The global automotive lightweight material market is expected to reach an estimated $130 billion by 2030 from $76 billion in 2023 at a CAGR of 8% from 2023 to 2030. The major drivers for this market are rising demand for electric vehicles, increasing carbon fiber reinforced polymers in automotives, and growing focus on reducing greenhouse gas emissions and improving fuel efficiency.
In this market, passenger car, light commercial vehicle, and heavy commercial vehicle are the major segments of automotive lightweight material market by vehicle type.
Lucintel forecasts that passenger car will remain the largest segment over the forecast period.
Within this market, BIW is expected to witness the highest growth.
Download sample by clicking on automotive lightweight material market.
Europe will remain the largest region over the forecast period.
ArcelorMittal SA, ThyssenKrupp AG, Alcoa Inc., Novelis Inc., ...
... POSCO, DowDuPont, and LyondellBasell are the major suppliers in the automotive lightweight material market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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