The lightweight materials are widely utilized in automobiles for reducing their weight and thereby increase their fuel efficiency and speed. These materials are the best suitable alternatives for heavy generic materials for building the frame of vehicles owing to their advantages such as low corrosion rate, enhanced strength, less material consumption, and improved handling. Replacement of traditional steel components with lightweight materials such as aluminum and magnesium alloys, high-strength steel (HSS), and polymer & carbon fiber composites are capable of reducing the vehicle weight and thereby support in decreasing fuel consumption.
The major factors driving the growth of the automotive lightweight material market are stringent rules and regulations in regards to emission and fuel economy and an increase in government initiative towards reduction if vehicle weight. Further, the rising demand for these materials from developing countries and the trend of vehicle electrification are anticipated to offer significant growth opportunities for the automotive lightweight material market in the near future.
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Automotive Lightweight Material Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.
Automotive Lightweight Material Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
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