Vehicle Lightweighting Technologies Market Size Poised to Touch US$260 Billion by 2026
The global Vehicle Lightweighting Technologies Market size is anticipated to around USD 260 billion by 2026, this market is anticipated to grow with 14% CAGR during the forecast time period. In the Vehicle Lightweighting Technologies Market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
Drivers and Challenges of Market
Several governments worldwide have imposed strict regulations on automotive emissions and fuel economy. Such laws compel the use of lightweight materials such as lightweight metals, composites, and plastics for automotive OEMs. Advanced lightweight technologies help to improve automotive fuel consumption and guarantee safety and performance.
In the past decade, the automotive industry has seen major changes over products and manufacturing procedures to meet the emission criteria. Auto manufacturers have been forced to find substitutes such as lightweight materials, boost drive performance and use of pure electric battery vehicles by law. So, in contrast with powertrain performance measures and regulations, it is easy for lightweight materials to compete in quality.
In the automotive industry, lightweighting is a major trend. Demand for increased fuel efficiency and rising innovation in automotive lighting are the key factors driving the global vehicle lightweighting technology market. Both large and moderate-scale players of original equipment in vehicles (OEMs) are more advanced than previous technologies, as they are built by several new lightweighting technologies. Both primary and secondary manufacturers provide lightweight parts and materials for smaller vehicles. Automotive manufacturer’s growing focus on fuel economy also fuels market growth.
Nevertheless, the high costs of carbon fiber can also impede the development of the global vehicle lightweighting technologies industry. If the labor-intensive method to reduce costs is being resisted, production and the carbon fiber industry will plummet.
Lightweight technologies require high upkeep in addition to high costs. Their shortcomings, however, are difficult to trail. It is a struggle to manufacture products that are easy to repair and sustain compared to regular steels in the lightweight technologies industries.
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Vehicle Lightweighting Technologies Market (By High Strength Materials: Steel, Aluminum, Magnesium, Others; By Vehicle Type: Commercial Vehicles [Heavy Commercial Vehicles, Lightweight Commercial Vehicles], Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026
Regional Outlook
Asia Pacific played an important part in 2018 in the global market for lightweight vehicle technologies. Due to the growth of the automotive industry in major countries, automotive lightweight technologies demand in Japan and China is expected to grow at a rapid rate during the forecast timeframe. In the Middle East, Africa and Latin America, the automotive lightweight material markets are developing. The industry in Middle East & Africa and Latin America is driving high demand for lightweight vehicles.
USA Strategies
The administration of Trump is currently considering Corporate Average Fuel Economy (CAFÉ) scaling back requirements at 2020 rates. How far this plan is going to go is uncertain. This could lead to one of two situations if USA expectations are set in 2020. First, carmakers selling to the USA will continue to improve the production of fuel efficiency, which would help preserve manufacturing coherence worldwide. Second, automakers exporting to the USA could avoid the study, development and marketing of automation innovations that are already being designed for efficiency. This move will reduce R&D activities in the USA and transfer those activities worldwide — especially Western Europe, Japan, South Korea, and China.
Key Players & Strategies
The number of players in the vehicle lightweighting technologies market around the world is increasing steadily. Participants include major global players such as 3M, BASF, General Motors, Toyota, and others.
The global vehicle lightweighting technologies market is highly competitive and the main players used different tactic for growing their footprints in the industry, such as new releases, extensions, alliances, mutual undertakings or collaborations or acquisitions.
CHASSIX revealed in March 2018 that it had completed its acquisition of the lightweight low-pressure aluminum casting division at Benteler International. CHASSIX will be able to significantly extend its product range and develop the offerings in the European region with this purchase.
In September 2017, Magna International Inc., announced that its aluminum casting capability would increase. The rise lets vehicle manufacturers meet their requirements for lightweight technologies required for lightweight vehicles.
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Market By High Strength Materials
Steel
Aluminum
Magnesium
Others
Market By Vehicle Type
Commercial Vehicles
- Heavy Commercial Vehicles
- Lightweight Commercial Vehicles
Passenger Cars
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Pure Cashmere
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Vehicle Lightweighting Technologies Market By High Strength Materials
1.2.2.1. Global Vehicle Lightweighting Technologies Market Revenue and Growth Rate Comparison By High Strength Materials (2015-2026)
1.2.2.2. Steel
1.2.2.3. Aluminum
1.2.2.4. Magnesium
1.2.2.5. Others
1.2.3. Vehicle Lightweighting Technologies Market By Vehicle Type
1.2.3.1. Global Vehicle Lightweighting Technologies Market Revenue and Growth Rate Comparison By Vehicle Type (2015-2026)
1.2.3.2. Global Vehicle Lightweighting Technologies Market Revenue Share By Vehicle Type in 2018
1.2.3.3. Commercial Vehicles
1.2.3.3.1. Heavy Commercial Vehicles
1.2.3.3.2. Lightweight Commercial Vehicles
1.2.3.4. Passenger Cars
1.2.4. Vehicle Lightweighting Technologies Market By Geography
1.2.4.1. Global Vehicle Lightweighting Technologies Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Vehicle Lightweighting Technologies Market Revenue and Growth Rate(2015-2026)
1.2.4.3. Europe Vehicle Lightweighting Technologies Market Revenue and Growth Rate(2015-2026)
1.2.4.4. Asia-Pacific Vehicle Lightweighting Technologies Market Revenue and Growth Rate(2015-2026)
1.2.4.5. Latin America Vehicle Lightweighting Technologies Market Revenue and Growth Rate(2015-2026)
1.2.4.6. Middle East and Africa (MEA) Vehicle Lightweighting Technologies Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2018
CHAPTER 4. VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY HIGH STRENGTH MATERIALS
4.1. Global Pure Cashmere Revenue By High Strength Materials
4.2. Steel
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Aluminum
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Magnesium
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY VEHICLE TYPE
5.1. Global Pure Cashmere Revenue By Vehicle Type
5.2. Commercial Vehicles
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.2.3. Heavy Commercial Vehicles
5.2.4. Lightweight Commercial Vehicles
5.3. Passenger Cars
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY COUNTRY
6.1. North America Vehicle Lightweighting Technologies Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Vehicle Lightweighting Technologies Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Vehicle Lightweighting Technologies Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY COUNTRY
7.1. Europe Vehicle Lightweighting Technologies Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Vehicle Lightweighting Technologies Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY COUNTRY
8.1. Asia-Pacific Vehicle Lightweighting Technologies Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Vehicle Lightweighting Technologies Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY COUNTRY
9.1. Latin America Vehicle Lightweighting Technologies Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Vehicle Lightweighting Technologies Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA VEHICLE LIGHTWEIGHTING TECHNOLOGIES MARKET BY COUNTRY
10.1. Middle East & Africa Vehicle Lightweighting Technologies Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East& Africa Vehicle Lightweighting Technologies Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By High Strength Materials, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. 3M
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. BASF
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. General Motors
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Toyota
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Others
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
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