January 17, 2020 by Amanpreet
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global automotive lightweight material market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.
Sales of automotive lightweight material are estimated to surpass 76 kilotons in 2019, up from nearly 74 kilotons in 2018, according to a recent Fact.MR report. The automotive lightweight material industry is significantly influenced by broader trends in the automobile industry, especially evolving regulations on fuel efficiency. Fact.MR’s new report analyzes this landscape in detail, and offers readers a comprehensive analysis on the key factors at play.
The study opines that lightweighting continues to gain a centerstage in the automotive industry. Demand for cost-effective lightweight materials continues to surge, as a growing demographic of consumers shows marked preference towards organizations that embrace sustainability. The report finds that in addition to these broader, cross-industry trends, demand for lightweight materials is also influenced by industry-specific factors such as growing electric vehicle parc.
According to the study, gains have also been complemented by steady automobile sales in China and India, two of the most populous countries in the world. Although cost remains a key parameter for buying behavior, emergence of a sizeable carbon-conscious demographic in the region has led to the introduction of lightweight materials. The report opines that these two countries will remain key to future growth of the automotive lightweight material industry. In 2018, automotive lightweight material sales were in excess of 17 kilotons in China, and are estimated to record a Y-o-Y growth at over 4.0% in 2019.
The automotive lightweight material market report includes global as well as emerging players:
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The insights for each vendor consists of:
Important regions covered in the automotive lightweight material market report include:
The automotive lightweight material market report also provides data regarding the key countries in the defined regions.
By Vehicle Type:
What insights does the automotive lightweight material market report provide to the readers?
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Questionnaire answered in the automotive lightweight material market report include: